VanEck Preferred Correlations

PFXF Etf

USD 17.93 0.04 0.22%

The current 90-days correlation between VanEck Preferred Sec and First Trust NASDAQ 100 is 0.74 (i.e., Poor diversification). The correlation of VanEck Preferred is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

VanEck Preferred Correlation With Market

Poor diversification

The correlation between VanEck Preferred Securities and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Preferred Securities and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VanEck Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in VanEck Preferred Securities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with VanEck Etf

0.89	PFF	iShares Preferred	Pair Corr
0.82	PFFD	Global X Preferred	Pair Corr
0.69	VRP	Invesco Variable Rate	Pair Corr
0.75	PFFA	Virtus InfraCap Preferred	Pair Corr
0.64	VTI	Vanguard Total Stock	Pair Corr
0.71	VTV	Vanguard Value Index	Pair Corr
0.91	VO	Vanguard Mid Cap	Pair Corr
0.74	VEA	Vanguard FTSE Developed	Pair Corr
0.87	VB	Vanguard Small Cap	Pair Corr
0.82	OVF	Overlay Shares Foreign	Pair Corr
0.67	ICOP	iShares Copper	Pair Corr
0.66	DDFO	Innovator Equity Dual Sell-off Trend	Pair Corr

Moving against VanEck Etf

0.67	IONZ	Defiance Daily Target	Pair Corr
0.43	SARK	Tuttle Capital Short	Pair Corr

Related Correlations Analysis

	QQEW	FTLS	ITM	GTO	FDIS	IYG	PFFA	ICF	FIW	IPAC
QQEW		0.35	0.22	0.39	0.86	0.56	0.49	0.2	0.47	0.71	QQEW
FTLS	0.35		0.67	0.43	0.46	0.6	0.5	-0.26	-0.32	0.67	FTLS
ITM	0.22	0.67		0.79	0.34	0.64	0.52	-0.21	-0.38	0.58	ITM
GTO	0.39	0.43	0.79		0.41	0.49	0.43	0.24	0.1	0.52	GTO
FDIS	0.86	0.46	0.34	0.41		0.76	0.69	0.06	0.32	0.76	FDIS
IYG	0.56	0.6	0.64	0.49	0.76		0.92	-0.27	-0.17	0.8	IYG
PFFA	0.49	0.5	0.52	0.43	0.69	0.92		-0.23	-0.2	0.7	PFFA
ICF	0.2	-0.26	-0.21	0.24	0.06	-0.27	-0.23		0.77	0.04	ICF
FIW	0.47	-0.32	-0.38	0.1	0.32	-0.17	-0.2	0.77		0.1	FIW
IPAC	0.71	0.67	0.58	0.52	0.76	0.8	0.7	0.04	0.1		IPAC
	QQEW	FTLS	ITM	GTO	FDIS	IYG	PFFA	ICF	FIW	IPAC

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PFFA	+ 0.92	IYG
FDIS	+ 0.86	QQEW
IPAC	+ 0.8	IYG
GTO	+ 0.79	ITM
FIW	+ 0.77	ICF
IYG	+ 0.76	FDIS

High negative correlations

FIW	- 0.38	ITM
FIW	- 0.32	FTLS
ICF	- 0.27	IYG
ICF	- 0.26	FTLS
ICF	- 0.23	PFFA
ICF	- 0.21	ITM

VanEck Preferred Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Preferred ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze VanEck Preferred's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QQEW	0.73	(0.07)	(0.07)	0.01	0.97	(0.80)	1.20	(1.68)	4.19
FTLS	0.45	(0.02)	(0.08)	0.03	0.61	(0.43)	0.99	(0.86)	2.74
ITM	0.09	0.02	(0.44)	0.81	0.00	(0.12)	0.24	(0.19)	0.54
GTO	0.13	0.00	(0.39)	0.06	0.10	(0.15)	0.28	(0.30)	0.68
FDIS	0.95	(0.09)	(0.06)	0.00	1.28	(0.90)	2.21	(2.23)	5.22
IYG	0.71	0.02	0.03	0.09	0.89	(0.81)	1.50	(1.66)	3.99
PFFA	0.27	(0.01)	(0.20)	0.02	0.29	(0.31)	0.52	(0.61)	1.33
ICF	0.55	(0.07)	0.00	(0.09)	0.00	0.00	1.09	(1.35)	3.88
FIW	0.67	(0.10)	0.00	(0.03)	0.00	0.00	1.37	(1.24)	3.69
IPAC	0.65	0.01	0.00	0.08	0.94	(0.60)	1.50	(1.38)	4.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC