VanEck Preferred Correlations

PFXF Etf

USD 18.51 0.07 0.38%

The current 90-days correlation between VanEck Preferred Sec and iShares Core MSCI is 0.55 (i.e., Very weak 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

Almost no diversification

The correlation between VanEck Preferred Securities and DJI is 0.92 (i.e., Almost no 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

0.99	PFF	iShares Preferred	Pair Corr
0.96	FPE	First Trust Preferred	Pair Corr
0.93	PGX	Invesco Preferred ETF Sell-off Trend	Pair Corr
0.99	PFFD	Global X Preferred	Pair Corr
0.94	VRP	Invesco Variable Rate	Pair Corr
0.95	PGF	Invesco Financial	Pair Corr
0.94	PSK	SPDR ICE Preferred	Pair Corr
0.95	FPEI	First Trust Institutional	Pair Corr
0.98	PFFA	Virtus InfraCap Preferred	Pair Corr
0.84	SIXD	AIM ETF Products	Pair Corr
0.96	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.66	ULE	ProShares Ultra Euro	Pair Corr
0.95	ESGD	iShares ESG Aware	Pair Corr
0.91	LQDW	iShares Trust	Pair Corr
0.94	CCNR	CoreCommodity Natural	Pair Corr
0.96	EPU	iShares MSCI Peru	Pair Corr
0.67	USO	United States Oil	Pair Corr
0.93	AUMI	Themes Gold Miners	Pair Corr
0.9	DES	WisdomTree SmallCap	Pair Corr
0.64	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.85	JETS	US Global Jets	Pair Corr
0.95	HEEM	iShares Currency Hedged	Pair Corr
0.92	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.85	SEA	US Global Sea	Pair Corr
0.93	DFIC	Dimensional International	Pair Corr
0.97	EAFG	Pacer Funds Trust	Pair Corr
0.94	GBUG	Sprott Active Gold	Pair Corr
0.96	DFE	WisdomTree Europe	Pair Corr
0.94	ILOW	AB Active ETFs	Pair Corr
0.95	QTAP	Innovator Growth 100	Pair Corr
0.95	IJS	iShares SP Small	Pair Corr
0.9	UEVM	VictoryShares Emerging	Pair Corr
0.83	FIEE	FiEE Inc Symbol Change	Pair Corr

Moving against VanEck Etf

0.78	VIXY	ProShares VIX Short	Pair Corr
0.77	VXX	iPath Series B	Pair Corr
0.47	PLTI	REX ETF Trust	Pair Corr

Related Correlations Analysis

	QQEW	FTLS	ITM	GTO	FDIS	IYG	PFFA	ICF	FIW	IPAC
QQEW		0.31	-0.63	-0.58	0.62	0.64	-0.27	-0.79	-0.21	-0.64	QQEW
FTLS	0.31		0.33	0.36	0.63	0.47	0.48	0.06	0.52	0.35	FTLS
ITM	-0.63	0.33		0.94	0.1	-0.05	0.85	0.85	0.65	0.96	ITM
GTO	-0.58	0.36	0.94		0.05	-0.15	0.8	0.9	0.63	0.91	GTO
FDIS	0.62	0.63	0.1	0.05		0.81	0.48	-0.27	0.48	0.06	FDIS
IYG	0.64	0.47	-0.05	-0.15	0.81		0.23	-0.43	0.17	-0.12	IYG
PFFA	-0.27	0.48	0.85	0.8	0.48	0.23		0.63	0.77	0.86	PFFA
ICF	-0.79	0.06	0.85	0.9	-0.27	-0.43	0.63		0.5	0.88	ICF
FIW	-0.21	0.52	0.65	0.63	0.48	0.17	0.77	0.5		0.7	FIW
IPAC	-0.64	0.35	0.96	0.91	0.06	-0.12	0.86	0.88	0.7		IPAC
	QQEW	FTLS	ITM	GTO	FDIS	IYG	PFFA	ICF	FIW	IPAC

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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

IPAC	+ 0.96	ITM
GTO	+ 0.94	ITM
IPAC	+ 0.91	GTO
ICF	+ 0.9	GTO
IPAC	+ 0.88	ICF
IPAC	+ 0.86	PFFA

High negative correlations

ICF	- 0.79	QQEW
IPAC	- 0.64	QQEW
ITM	- 0.63	QQEW
GTO	- 0.58	QQEW
ICF	- 0.43	IYG
ICF	- 0.27	FDIS

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	0.87	(0.16)	0.00	(0.06)	0.00	0.00	1.58	(2.18)	5.07
FTLS	0.40	(0.02)	(0.11)	0.04	0.54	(0.39)	0.79	(0.76)	2.76
ITM	0.09	0.03	(0.47)	2.69	0.00	(0.10)	0.23	(0.15)	0.70
GTO	0.12	0.02	(0.45)	0.57	0.00	(0.15)	0.32	(0.23)	0.68
FDIS	0.80	(0.03)	(0.03)	0.06	0.96	(0.87)	1.81	(1.68)	4.98
IYG	0.84	(0.12)	(0.08)	0.00	1.20	(0.85)	1.54	(1.80)	6.07
PFFA	0.26	0.03	(0.11)	0.18	0.17	(0.32)	0.60	(0.39)	1.89
ICF	0.62	0.10	0.05	0.36	0.73	(0.65)	1.51	(1.28)	3.56
FIW	0.75	(0.02)	(0.02)	0.07	0.80	(0.83)	1.74	(1.24)	4.64
IPAC	0.65	0.17	0.18	0.35	0.35	(0.71)	1.54	(1.29)	3.73

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