Principal Small Correlations

PSC Etf

USD 59.66 0.96 1.58%

The current 90-days correlation between Principal Small Cap and John Hancock Multifactor is -0.16 (i.e., Good diversification). The correlation of Principal Small 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.

Principal Small Correlation With Market

Very poor diversification

The correlation between Principal Small Cap Multi Fact and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Principal Small Cap Multi Fact and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Principal Etf

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

Moving together with Principal Etf

0.96	VB	Vanguard Small Cap	Pair Corr
0.85	IJR	iShares Core SP	Pair Corr
0.98	IWM	iShares Russell 2000	Pair Corr
0.89	VRTIX	Vanguard Russell 2000	Pair Corr
0.98	VTWO	Vanguard Russell 2000	Pair Corr
0.91	FNDA	Schwab Fundamental Small	Pair Corr
0.92	SPSM	SPDR Portfolio SP	Pair Corr
0.94	DFAS	Dimensional Small Cap	Pair Corr
0.92	VIOO	Vanguard SP Small	Pair Corr
0.98	PRFZ	Invesco FTSE RAFI	Pair Corr
0.74	OIH	VanEck Oil Services	Pair Corr
0.78	WTMF	WisdomTree Managed	Pair Corr
0.82	EWC	iShares MSCI Canada	Pair Corr
0.77	TOT	Advisor Managed Port	Pair Corr
0.64	BST	BlackRock Science Tech	Pair Corr
0.67	ISTB	iShares Core 1	Pair Corr
0.83	HCMAX	THE HILLMAN FUND Potential Growth	Pair Corr
0.89	URA	Global X Uranium	Pair Corr
0.63	LGCF	Themes Cash Flow	Pair Corr
0.61	IYR	iShares Real Estate	Pair Corr
0.77	TAXT	Northern Trust Tax	Pair Corr
0.86	UAUG	Innovator Equity Ultra	Pair Corr
0.82	AVMC	American Century ETF	Pair Corr
0.87	FNK	First Trust Mid	Pair Corr
0.75	DFIV	Dimensional International	Pair Corr
0.86	CFA	VictoryShares 500	Pair Corr
0.83	CCNR	CoreCommodity Natural	Pair Corr
0.78	PID	Invesco International	Pair Corr
0.89	DIA	SPDR Dow Jones	Pair Corr
0.85	GOCT	FT Cboe Vest	Pair Corr
0.88	PAUG	Innovator Equity Power	Pair Corr
0.83	AVUV	Avantis Small Cap	Pair Corr
0.82	AHYB	American Century ETF	Pair Corr
0.8	SLV	iShares Silver Trust	Pair Corr
0.81	DES	WisdomTree SmallCap	Pair Corr
0.84	FEM	First Trust Emerging	Pair Corr

Moving against Principal Etf

0.51	ARKW	ARK Next Generation Low Volatility	Pair Corr
0.39	HUM	Humana Inc	Pair Corr
0.66	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	CCMG	TMSL	FNDB	APIE	IYE	RWK	DIVB	CGMM	BKIE	JHML
CCMG		0.81	0.82	0.82	0.69	0.79	0.8	0.85	0.81	0.82	CCMG
TMSL	0.81		0.98	0.96	0.91	0.97	0.95	0.98	0.97	0.88	TMSL
FNDB	0.82	0.98		0.96	0.93	0.98	0.98	0.95	0.97	0.88	FNDB
APIE	0.82	0.96	0.96		0.91	0.91	0.92	0.93	0.98	0.94	APIE
IYE	0.69	0.91	0.93	0.91		0.88	0.92	0.84	0.92	0.79	IYE
RWK	0.79	0.97	0.98	0.91	0.88		0.96	0.95	0.94	0.83	RWK
DIVB	0.8	0.95	0.98	0.92	0.92	0.96		0.91	0.95	0.85	DIVB
CGMM	0.85	0.98	0.95	0.93	0.84	0.95	0.91		0.94	0.88	CGMM
BKIE	0.81	0.97	0.97	0.98	0.92	0.94	0.95	0.94		0.89	BKIE
JHML	0.82	0.88	0.88	0.94	0.79	0.83	0.85	0.88	0.89		JHML
	CCMG	TMSL	FNDB	APIE	IYE	RWK	DIVB	CGMM	BKIE	JHML

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

Principal Small Constituents Risk-Adjusted Indicators

There is a big difference between Principal Etf performing well and Principal Small 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 Principal Small'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
CCMG	0.50	0.08	0.07	1.57	0.49	(0.55)	1.29	(0.85)	4.22
TMSL	0.74	0.08	0.09	0.11	0.79	(0.80)	1.50	(1.44)	5.52
FNDB	0.48	0.07	0.09	0.13	0.45	(0.52)	1.01	(1.05)	3.37
APIE	0.66	0.16	0.16	(1.70)	0.61	(0.72)	1.30	(0.94)	3.22
IYE	1.06	0.36	0.27	1.14	0.90	(1.23)	2.43	(1.83)	5.02
RWK	0.73	0.05	0.07	0.08	0.69	(0.88)	1.56	(1.28)	5.58
DIVB	0.54	0.08	0.10	0.14	0.62	(0.57)	1.28	(1.22)	3.73
CGMM	0.75	0.09	0.11	0.12	0.68	(0.83)	1.75	(1.32)	4.87
BKIE	0.62	0.10	0.08	0.17	0.87	(0.64)	1.24	(1.35)	3.49
JHML	0.50	0.08	0.06	(0.58)	0.54	(0.54)	0.98	(1.04)	3.59

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