IQ Hedge Correlations

QAI Etf

USD 34.39 0.12 0.35%

The current 90-days correlation between IQ Hedge Multi and iShares Insurance ETF is 0.01 (i.e., Significant diversification). The correlation of IQ Hedge 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.

IQ Hedge Correlation With Market

Very weak diversification

The correlation between IQ Hedge Multi Strategy and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Hedge Multi Strategy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with QAI Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in IQ Hedge Multi Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with QAI Etf

0.69	LALT	Invesco Multi Strategy	Pair Corr
0.8	HFND	Unlimited HFND Multi	Pair Corr
0.95	REMG	Emerging Markets Active	Pair Corr
0.66	YMAR	First Trust Exchange	Pair Corr
0.86	AHYB	American Century ETF	Pair Corr
0.76	SGVT	Schwab Strategic Trust	Pair Corr
0.87	JPHY	JP Morgan Exchange	Pair Corr
0.94	VRTIX	Vanguard Russell 2000	Pair Corr
0.9	IHYF	Invesco High Yield	Pair Corr
0.8	RAAA	Advisor Managed Port	Pair Corr
0.65	IHDG	WisdomTree International	Pair Corr
0.84	GREK	Global X MSCI	Pair Corr
0.65	IAUM	iShares Gold Trust	Pair Corr
0.9	GMUN	Goldman Sachs Community	Pair Corr
0.64	IEMG	iShares Core MSCI	Pair Corr
0.73	VDE	Vanguard Energy Index	Pair Corr
0.87	TPOR	Direxion Daily Trans	Pair Corr
0.89	HYP	Golden Eagle Dynamic	Pair Corr
0.66	POW	Tidal Trust III	Pair Corr
0.93	FTBI	First Trust Exchange	Pair Corr
0.97	RHTX	Starboard Investment	Pair Corr
0.88	BSJT	Invesco BulletShares 2029	Pair Corr
0.75	TPHD	Timothy Plan High	Pair Corr

Moving against QAI Etf

0.66	VXZ	iPath Series B	Pair Corr
0.63	VIXM	ProShares VIX Mid	Pair Corr
0.58	VXX	iPath Series B	Pair Corr
0.58	VIXY	ProShares VIX Short	Pair Corr
0.4	ENAV	Collaborative Investment Trending	Pair Corr

Related Correlations Analysis

	TPYP	EWS	IYT	EQAL	JSMD	PFM	DWAS	SPEU	OAKM	IAK
TPYP		-0.03	0.2	0.52	0.22	0.54	0.51	0.47	0.42	0.05	TPYP
EWS	-0.03		0.28	0.32	0.38	0.34	0.11	0.42	0.19	-0.14	EWS
IYT	0.2	0.28		0.61	0.37	0.7	0.65	0.66	0.78	0.51	IYT
EQAL	0.52	0.32	0.61		0.82	0.97	0.93	0.95	0.89	0.05	EQAL
JSMD	0.22	0.38	0.37	0.82		0.75	0.75	0.7	0.56	-0.35	JSMD
PFM	0.54	0.34	0.7	0.97	0.75		0.92	0.93	0.9	0.19	PFM
DWAS	0.51	0.11	0.65	0.93	0.75	0.92		0.84	0.88	0.12	DWAS
SPEU	0.47	0.42	0.66	0.95	0.7	0.93	0.84		0.91	0.17	SPEU
OAKM	0.42	0.19	0.78	0.89	0.56	0.9	0.88	0.91		0.44	OAKM
IAK	0.05	-0.14	0.51	0.05	-0.35	0.19	0.12	0.17	0.44		IAK
	TPYP	EWS	IYT	EQAL	JSMD	PFM	DWAS	SPEU	OAKM	IAK

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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

PFM	+ 0.97	EQAL
SPEU	+ 0.95	EQAL
DWAS	+ 0.93	EQAL
SPEU	+ 0.93	PFM
DWAS	+ 0.92	PFM
OAKM	+ 0.91	SPEU

High negative correlations

IAK	- 0.35	JSMD
IAK	- 0.14	EWS
EWS	- 0.03	TPYP

IQ Hedge Constituents Risk-Adjusted Indicators

There is a big difference between QAI Etf performing well and IQ Hedge 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 IQ Hedge'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
TPYP	0.60	0.09	0.01	0.67	0.66	(0.63)	1.08	(1.17)	3.35
EWS	0.61	(0.03)	(0.07)	0.05	0.81	(0.60)	1.19	(1.37)	3.78
IYT	0.83	0.03	0.04	0.12	0.81	(0.89)	2.43	(1.40)	5.07
EQAL	0.65	0.01	(0.01)	0.10	0.70	(0.69)	1.33	(1.11)	3.13
JSMD	0.95	(0.05)	(0.02)	0.05	1.23	(1.00)	1.94	(2.17)	5.41
PFM	0.48	(0.03)	(0.09)	0.06	0.53	(0.52)	0.96	(0.89)	2.93
DWAS	1.07	0.04	0.02	0.13	1.31	(1.13)	1.98	(2.20)	5.41
SPEU	0.59	0.04	0.02	0.14	0.52	(0.68)	1.21	(1.05)	3.18
OAKM	0.66	0.01	(0.01)	0.10	0.75	(0.66)	1.52	(1.23)	3.91
IAK	0.60	0.02	(0.06)	0.14	0.71	(0.65)	1.27	(0.91)	5.19

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