RACWI ETF Correlations

RAUS Etf

26.70 0.14 0.53%

The current 90-days correlation between RACWI ETF and JPMorgan Fundamental Data is 0.99 (i.e., No risk reduction). The correlation of RACWI ETF 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. If the correlation is 0, the equities are not correlated; they are entirely random.

RACWI ETF Correlation With Market

Very poor diversification

The correlation between RACWI ETF and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RACWI ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RACWI Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RACWI ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

For more information on how to buy RACWI Etf please use our How to Invest in RACWI ETF guide.

Moving together with RACWI Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.92	VIG	Vanguard Dividend	Pair Corr
0.99	VV	Vanguard Large Cap	Pair Corr
0.85	RSP	Invesco SP 500	Pair Corr
0.99	IWB	iShares Russell 1000	Pair Corr
0.98	ESGU	iShares ESG Aware	Pair Corr
0.96	DFAC	Dimensional Core Equity	Pair Corr
0.71	SPLG	SSgA Symbol Change	Pair Corr
0.91	CPST	Calamos ETF Trust	Pair Corr
0.94	ITDD	iShares Trust	Pair Corr
0.86	RYLG	Global X Russell	Pair Corr
0.98	SPUT	Innovator ETFs Trust	Pair Corr
0.84	DDX	Defined Duration Symbol Change	Pair Corr
0.82	KFEB	Innovator Small Cap	Pair Corr
0.76	SOXL	Direxion Daily Semic Buyout Trend	Pair Corr
0.74	JPIE	JP Morgan Exchange	Pair Corr
0.73	SKOR	FlexShares Credit	Pair Corr
0.74	FUSI	American Century ETF	Pair Corr
0.86	SMH	VanEck Semiconductor ETF	Pair Corr
0.71	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.94	GQI	Natixis ETF Trust	Pair Corr
0.66	NVMZ	TrueShares Structured	Pair Corr
0.85	EFA	iShares MSCI EAFE	Pair Corr
0.81	FIVA	Fidelity International	Pair Corr
0.8	IWO	iShares Russell 2000	Pair Corr
0.66	VGSH	Vanguard Short Term	Pair Corr
0.68	DBP	Invesco DB Precious	Pair Corr
0.95	VT	Vanguard Total World	Pair Corr
0.89	GAPR	First Trust Exchange	Pair Corr
0.78	PBDC	Putnam ETF Trust	Pair Corr
0.7	PAPI	Morgan Stanley ETF	Pair Corr
0.72	SGVT	Schwab Strategic Trust	Pair Corr
0.99	HDUS	Lattice Strategies Trust	Pair Corr
0.85	SCYB	Schwab Strategic Trust	Pair Corr
0.8	XLI	Industrial Select Sector	Pair Corr

Moving against RACWI Etf

0.61

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	LCDS	OCTZ	SDTY	PSFO	DUKQ	WFH	XTOC	RJMG	DTRE	WTRE
LCDS		0.99	0.98	0.98	0.95	0.64	0.97	0.76	0.32	0.17	LCDS
OCTZ	0.99		0.96	0.96	0.96	0.61	0.96	0.74	0.34	0.21	OCTZ
SDTY	0.98	0.96		0.97	0.93	0.73	0.96	0.74	0.19	0.02	SDTY
PSFO	0.98	0.96	0.97		0.97	0.75	0.99	0.8	0.35	0.13	PSFO
DUKQ	0.95	0.96	0.93	0.97		0.68	0.97	0.8	0.48	0.3	DUKQ
WFH	0.64	0.61	0.73	0.75	0.68		0.76	0.7	-0.01	-0.28	WFH
XTOC	0.97	0.96	0.96	0.99	0.97	0.76		0.82	0.35	0.14	XTOC
RJMG	0.76	0.74	0.74	0.8	0.8	0.7	0.82		0.38	0.19	RJMG
DTRE	0.32	0.34	0.19	0.35	0.48	-0.01	0.35	0.38		0.81	DTRE
WTRE	0.17	0.21	0.02	0.13	0.3	-0.28	0.14	0.19	0.81		WTRE
	LCDS	OCTZ	SDTY	PSFO	DUKQ	WFH	XTOC	RJMG	DTRE	WTRE

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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

OCTZ	+ 0.99	LCDS
XTOC	+ 0.99	PSFO
SDTY	+ 0.98	LCDS
PSFO	+ 0.98	LCDS
XTOC	+ 0.97	LCDS
PSFO	+ 0.97	SDTY

High negative correlations

WTRE	- 0.28	WFH
DTRE	- 0.01	WFH

RACWI ETF Constituents Risk-Adjusted Indicators

There is a big difference between RACWI Etf performing well and RACWI ETF 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 RACWI ETF'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
LCDS	0.56	(0.02)	(0.04)	0.07	0.77	(0.51)	1.15	(1.08)	3.74
OCTZ	0.44	(0.03)	(0.08)	0.05	0.62	(0.42)	0.92	(1.06)	2.98
SDTY	0.54	0.00	(0.02)	0.09	0.69	(0.53)	1.21	(1.08)	3.44
PSFO	0.35	0.00	(0.10)	0.08	0.38	(0.38)	0.74	(0.81)	2.23
DUKQ	0.61	(0.02)	(0.03)	0.07	0.75	(0.62)	1.31	(1.25)	3.23
WFH	0.99	0.13	0.01	(0.40)	1.27	(1.05)	1.83	(2.47)	6.54
XTOC	0.41	0.00	(0.06)	0.09	0.46	(0.40)	0.92	(0.90)	2.97
RJMG	0.72	0.05	(0.02)	0.32	0.84	(0.80)	1.53	(1.63)	4.16
DTRE	0.52	(0.05)	(0.13)	(0.02)	0.79	(0.49)	0.97	(1.26)	3.30
WTRE	1.03	(0.14)	0.00	(0.04)	0.00	0.00	1.98	(2.06)	5.19

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