IQ Hedge Correlations

QAI Etf

USD 34.66 0.12 0.35%

The current 90-days correlation between IQ Hedge Multi and iShares Insurance ETF is -0.07 (i.e., Good 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

Almost no diversification

The correlation between IQ Hedge Multi Strategy and DJI is 0.93 (i.e., Almost no 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 signals in nation.

Moving together with QAI Etf

0.86	FLSP	Franklin Liberty Sys	Pair Corr
0.89	LALT	Invesco Multi Strategy	Pair Corr
0.93	HFND	Unlimited HFND Multi	Pair Corr
0.95	CPST	Calamos ETF Trust	Pair Corr
0.62	ELON	Battleshares TSLA	Pair Corr
0.96	ITDD	iShares Trust	Pair Corr
0.68	STXT	EA Series Trust	Pair Corr
0.9	VBK	Vanguard Small Cap	Pair Corr
0.94	JULW	AIM ETF Products	Pair Corr
0.87	EATZ	AdvisorShares Restaurant	Pair Corr
0.92	DBJP	Xtrackers MSCI Japan	Pair Corr
0.93	IAUM	iShares Gold Trust	Pair Corr
0.9	GSIG	Goldman Sachs Access	Pair Corr
0.92	SYLD	Cambria Shareholder Yield	Pair Corr
0.97	DDLS	WisdomTree Dynamic	Pair Corr
0.84	THD	iShares MSCI Thailand	Pair Corr
0.95	SFEB	FT Vest Small	Pair Corr
0.97	YLD	Principal Active High	Pair Corr
0.91	XES	SPDR SP Oil	Pair Corr
0.98	CHPY	YieldMax Semiconductor	Pair Corr
0.98	BBEU	JPMorgan BetaBuilders	Pair Corr
0.95	STXK	EA Series Trust	Pair Corr
0.94	XAPR	FT Cboe Vest	Pair Corr
0.93	AHYB	American Century ETF	Pair Corr
0.98	SMH	VanEck Semiconductor ETF	Pair Corr
0.94	MART	Allianzim Large Cap	Pair Corr
0.97	VAW	Vanguard Materials Index	Pair Corr
0.92	OASC	OneAscent Small Cap	Pair Corr
0.95	IBMR	iShares Trust	Pair Corr
0.93	GAPR	First Trust Exchange	Pair Corr
0.93	VUSB	Vanguard Ultra Short	Pair Corr
0.89	EDEN	iShares MSCI Denmark	Pair Corr
0.76	RSPH	Invesco SP 500	Pair Corr
0.77	SEIX	Virtus ETF Trust	Pair Corr
0.96	BINC	BlackRock ETF Trust	Pair Corr
0.95	PQNT	2023 ETF	Pair Corr
0.93	ABI	VictoryShares Pioneer	Pair Corr

Moving against QAI Etf

0.77

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	TPYP	EWS	IYT	EQAL	JSMD	PFM	DWAS	SPEU	OAKM	IAK
TPYP		0.6	0.68	0.77	0.5	0.77	0.52	0.74	0.35	-0.01	TPYP
EWS	0.6		0.56	0.7	0.65	0.67	0.45	0.77	0.4	-0.13	EWS
IYT	0.68	0.56		0.94	0.77	0.95	0.86	0.9	0.87	0.24	IYT
EQAL	0.77	0.7	0.94		0.86	0.98	0.89	0.96	0.81	0.1	EQAL
JSMD	0.5	0.65	0.77	0.86		0.81	0.88	0.81	0.69	-0.18	JSMD
PFM	0.77	0.67	0.95	0.98	0.81		0.87	0.94	0.8	0.17	PFM
DWAS	0.52	0.45	0.86	0.89	0.88	0.87		0.83	0.86	0.08	DWAS
SPEU	0.74	0.77	0.9	0.96	0.81	0.94	0.83		0.81	0.13	SPEU
OAKM	0.35	0.4	0.87	0.81	0.69	0.8	0.86	0.81		0.43	OAKM
IAK	-0.01	-0.13	0.24	0.1	-0.18	0.17	0.08	0.13	0.43		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	+ 0.98	EQAL
SPEU	+ 0.96	EQAL
PFM	+ 0.95	IYT
EQAL	+ 0.94	IYT
SPEU	+ 0.94	PFM
SPEU	+ 0.9	IYT

High negative correlations

IAK	- 0.18	JSMD
IAK	- 0.13	EWS
IAK	- 0.01	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	0.61	0.20	0.17	6.36	0.51	(0.70)	1.31	(1.16)	3.35
EWS	0.67	0.01	(0.03)	0.08	0.82	(0.72)	1.67	(1.39)	4.60
IYT	0.93	0.06	0.07	0.13	0.87	(1.11)	2.52	(1.72)	5.07
EQAL	0.61	0.08	0.09	0.16	0.57	(0.68)	1.42	(1.21)	3.21
JSMD	0.97	(0.07)	(0.04)	0.02	1.22	(1.04)	1.94	(2.17)	4.92
PFM	0.50	0.03	0.02	0.12	0.47	(0.55)	0.96	(0.92)	2.93
DWAS	1.19	0.06	0.05	0.13	1.40	(1.21)	2.14	(2.22)	5.75
SPEU	0.65	0.11	0.13	0.22	0.58	(0.73)	1.29	(1.18)	3.21
OAKM	0.70	0.03	0.03	0.10	0.73	(0.72)	1.82	(1.35)	3.91
IAK	0.64	0.03	(0.02)	0.17	0.75	(0.68)	1.16	(0.91)	5.19

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