Purpose Real Correlations

PHR Etf

CAD 20.42 0.03 0.15%

The current 90-days correlation between Purpose Real Estate and Fidelity High Dividend is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Purpose Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Purpose Real Correlation With Market

Poor diversification

The correlation between Purpose Real Estate and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Purpose Real Estate and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Purpose Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purpose Real when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Purpose Real - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Purpose Real Estate to buy it.

Moving together with Purpose Etf

0.94	XRE	iShares SPTSX Capped	Pair Corr
0.94	ZRE	BMO Equal Weight	Pair Corr
0.8	VRE	Vanguard FTSE Canadian	Pair Corr
0.73	CGR	iShares Global Real	Pair Corr
0.71	CGRE	CI Global REIT	Pair Corr
0.7	TGRE	TD Active Global	Pair Corr
0.94	HCRE	Global X Equal	Pair Corr
0.95	REIT	Global X Equal	Pair Corr
0.65	HCAL	Hamilton Enhanced	Pair Corr
0.83	HBGD	Global X Big	Pair Corr
0.85	HBGD-U	Global X Big	Pair Corr
0.81	EQL-U	Invesco SP 500	Pair Corr
0.86	PDIV	Purpose Enhanced Dividend	Pair Corr
0.65	FLUS	Franklin Large Cap	Pair Corr
0.75	HPF	Harvest Energy Leaders	Pair Corr
0.69	TCLV	TD Q Canadian	Pair Corr
0.64	ZUD	BMO Dividend Hedged	Pair Corr
0.9	ZDM	BMO MSCI EAFE	Pair Corr
0.83	GCTB	Guardian Ultra Short	Pair Corr
0.86	AMAX	Hamilton Gold Producer	Pair Corr
0.86	DGRC	CI Canada Quality	Pair Corr
0.74	NHYB	NBI High Yield	Pair Corr
0.64	CALL	Evolve Banks Enhanced	Pair Corr
0.65	ZBK	BMO Equal Weight	Pair Corr
0.81	ATSX	Accelerate Canadian Long	Pair Corr
0.8	UDIV	Manulife Smart Dividend	Pair Corr
0.68	XDUH	iShares Core MSCI	Pair Corr
0.71	XEG	iShares SPTSX Capped	Pair Corr
0.81	ZMID	BMO SP Mid	Pair Corr
0.73	NXF	First Asset Energy	Pair Corr

Moving against Purpose Etf

0.37

GDPY-B

Guardian Directed Premium

Pair Corr

Related Correlations Analysis

	ZWQT	ETP	RPDH	BLOV	CNCL	PBD	PIN	DXF	CNDI	FCUH
ZWQT		0.9	0.96	0.76	0.85	0.75	0.91	0.62	-0.89	0.49	ZWQT
ETP	0.9		0.94	0.85	0.7	0.78	0.95	0.44	-0.74	0.65	ETP
RPDH	0.96	0.94		0.82	0.79	0.73	0.96	0.56	-0.85	0.54	RPDH
BLOV	0.76	0.85	0.82		0.44	0.59	0.89	0.09	-0.51	0.79	BLOV
CNCL	0.85	0.7	0.79	0.44		0.64	0.72	0.83	-0.98	0.18	CNCL
PBD	0.75	0.78	0.73	0.59	0.64		0.72	0.56	-0.66	0.36	PBD
PIN	0.91	0.95	0.96	0.89	0.72	0.72		0.41	-0.78	0.66	PIN
DXF	0.62	0.44	0.56	0.09	0.83	0.56	0.41		-0.8	-0.2	DXF
CNDI	-0.89	-0.74	-0.85	-0.51	-0.98	-0.66	-0.78	-0.8		-0.24	CNDI
FCUH	0.49	0.65	0.54	0.79	0.18	0.36	0.66	-0.2	-0.24		FCUH
	ZWQT	ETP	RPDH	BLOV	CNCL	PBD	PIN	DXF	CNDI	FCUH

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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

RPDH	+ 0.96	ZWQT
PIN	+ 0.96	RPDH
PIN	+ 0.95	ETP
RPDH	+ 0.94	ETP
PIN	+ 0.91	ZWQT
ETP	+ 0.9	ZWQT

High negative correlations

CNDI	- 0.98	CNCL
CNDI	- 0.89	ZWQT
CNDI	- 0.85	RPDH
CNDI	- 0.8	DXF
CNDI	- 0.78	PIN
CNDI	- 0.74	ETP

Purpose Real Constituents Risk-Adjusted Indicators

There is a big difference between Purpose Etf performing well and Purpose Real 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 Purpose Real'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
ZWQT	0.43	0.04	0.02	0.14	0.36	(0.55)	0.93	(0.79)	2.97
ETP	0.19	0.03	(0.11)	6.13	0.16	(0.21)	0.43	(0.44)	1.15
RPDH	0.45	0.16	0.24	0.78	0.00	(0.61)	1.47	(0.58)	3.19
BLOV	0.32	0.11	0.11	1.54	0.00	(0.41)	0.81	(0.45)	2.46
CNCL	0.56	0.05	0.01	0.16	0.83	(0.63)	1.14	(1.22)	4.65
PBD	0.17	0.00	(0.28)	(0.05)	0.15	(0.23)	0.42	(0.24)	1.21
PIN	0.29	0.08	0.09	0.45	0.00	(0.37)	0.74	(0.48)	1.73
DXF	0.48	(0.01)	(0.08)	0.02	0.65	(0.48)	0.88	(1.16)	2.60
CNDI	0.60	(0.09)	0.00	0.29	0.00	0.00	1.26	(1.15)	4.76
FCUH	0.53	0.06	0.00	0.88	0.70	(0.54)	1.05	(1.08)	3.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Purpose Real without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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