Columbia ETF Correlations

RECS Etf

USD 35.36 0.32 0.91%

The current 90-days correlation between Columbia ETF Trust and Columbia Research Enhanced is 0.26 (i.e., Modest diversification). The correlation of Columbia 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.

Columbia ETF Correlation With Market

Modest diversification

The correlation between Columbia ETF Trust and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Columbia ETF Trust. 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.

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

Moving together with Columbia Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.98	IVV	iShares Core SP	Pair Corr
0.83	VIG	Vanguard Dividend	Pair Corr
0.98	VV	Vanguard Large Cap	Pair Corr
0.72	RSP	Invesco SP 500	Pair Corr
0.99	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.94	DFAC	Dimensional Core Equity	Pair Corr
0.98	SPLG	SPDR Portfolio SP	Pair Corr
0.71	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.64	MLPR	ETRACS Quarterly Pay	Pair Corr
0.65	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.62	BAC	Bank of America Sell-off Trend	Pair Corr

Moving against Columbia Etf

0.55

PFE

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Pair Corr

Related Correlations Analysis

	REVS	RFFC	RAFE	QARP	RFDA
REVS		0.81	0.94	0.8	0.78	REVS
RFFC	0.81		0.81	0.88	0.96	RFFC
RAFE	0.94	0.81		0.87	0.79	RAFE
QARP	0.8	0.88	0.87		0.86	QARP
RFDA	0.78	0.96	0.79	0.86		RFDA
	REVS	RFFC	RAFE	QARP	RFDA

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Columbia ETF Constituents Risk-Adjusted Indicators

There is a big difference between Columbia Etf performing well and Columbia 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 Columbia 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
REVS	0.56	0.01	0.00	0.03	0.65	(0.64)	1.21	(0.80)	5.24
RFFC	0.51	0.01	0.00	0.09	0.76	(0.48)	1.16	(1.26)	5.12
RAFE	0.53	(0.02)	(0.03)	(0.01)	0.69	(0.61)	1.17	(1.09)	4.84
QARP	0.52	0.03	0.02	0.13	0.68	(0.55)	1.00	(0.95)	4.47
RFDA	0.61	0.02	0.00	0.10	0.89	(0.62)	1.19	(1.39)	6.75

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