Emerging Markets Correlations

REMG Etf

USD 29.34 0.13 0.45%

The current 90-days correlation between Emerging Markets Active and Xtrackers FTSE Developed is 0.02 (i.e., Significant diversification). The correlation of Emerging Markets 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.

Emerging Markets Correlation With Market

Average diversification

The correlation between Emerging Markets Active and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Active and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Emerging Etf

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

Moving together with Emerging Etf

0.65	EEM	iShares MSCI Emerging	Pair Corr
0.88	FNDE	Schwab Fundamental	Pair Corr
0.62	ESGE	iShares ESG Aware	Pair Corr
0.61	XSOE	WisdomTree Emerging	Pair Corr
0.8	PSI	Invesco Dynamic Semi	Pair Corr
0.97	AGEM	abrdn Emerging Markets	Pair Corr
0.7	TJUL	Innovator Etfs Trust	Pair Corr
0.75	GTR	WisdomTree Target Range	Pair Corr

Related Correlations Analysis

	DEEF	PPEM	GMOV	JPY	AVEE	GEME	FTHF	PRXV	KBWR	XFLX
DEEF		0.06	0.83	0.63	-0.01	0.48	0.51	0.92	0.67	0.54	DEEF
PPEM	0.06		-0.17	0.45	0.63	0.62	0.44	-0.09	-0.22	0.48	PPEM
GMOV	0.83	-0.17		0.47	-0.31	0.41	0.49	0.86	0.76	0.46	GMOV
JPY	0.63	0.45	0.47		0.08	0.65	0.59	0.56	0.37	0.72	JPY
AVEE	-0.01	0.63	-0.31	0.08		0.03	-0.26	-0.1	-0.26	0.13	AVEE
GEME	0.48	0.62	0.41	0.65	0.03		0.89	0.37	0.39	0.62	GEME
FTHF	0.51	0.44	0.49	0.59	-0.26	0.89		0.37	0.31	0.51	FTHF
PRXV	0.92	-0.09	0.86	0.56	-0.1	0.37	0.37		0.78	0.53	PRXV
KBWR	0.67	-0.22	0.76	0.37	-0.26	0.39	0.31	0.78		0.42	KBWR
XFLX	0.54	0.48	0.46	0.72	0.13	0.62	0.51	0.53	0.42		XFLX
	DEEF	PPEM	GMOV	JPY	AVEE	GEME	FTHF	PRXV	KBWR	XFLX

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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

PRXV	+ 0.92	DEEF
FTHF	+ 0.89	GEME
PRXV	+ 0.86	GMOV
GMOV	+ 0.83	DEEF
KBWR	+ 0.78	PRXV
KBWR	+ 0.76	GMOV

High negative correlations

AVEE	- 0.31	GMOV
KBWR	- 0.26	AVEE
FTHF	- 0.26	AVEE
KBWR	- 0.22	PPEM
GMOV	- 0.17	PPEM
PRXV	- 0.1	AVEE

Emerging Markets Constituents Risk-Adjusted Indicators

There is a big difference between Emerging Etf performing well and Emerging Markets 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 Emerging Markets' 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
DEEF	0.50	0.04	0.02	0.14	0.58	(0.51)	0.94	(0.84)	2.82
PPEM	0.73	0.01	(0.05)	0.14	0.98	(0.81)	1.33	(1.44)	5.07
GMOV	0.56	0.07	0.01	0.85	0.55	(0.69)	1.22	(0.95)	2.82
JPY	0.80	(0.05)	(0.04)	0.02	1.17	(0.81)	1.75	(1.88)	6.60
AVEE	0.65	(0.06)	0.00	(1.00)	0.00	0.00	1.12	(1.38)	4.21
GEME	0.78	0.09	0.03	0.46	0.88	(0.84)	1.68	(1.71)	5.67
FTHF	0.90	0.17	0.09	0.73	1.08	(0.91)	1.86	(1.63)	6.06
PRXV	0.51	0.00	(0.02)	0.07	0.54	(0.57)	0.87	(0.98)	2.37
KBWR	1.02	0.05	0.00	0.25	1.62	(1.13)	2.95	(2.40)	9.25
XFLX	0.14	(0.01)	(0.37)	(0.04)	0.16	(0.16)	0.33	(0.28)	0.90

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