Robo Global Correlations

ROBO Etf

USD 77.58 0.44 0.57%

The current 90-days correlation between Robo Global Robotics and iShares Cohen Steers is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Robo Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Robo Global Robotics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Robo Global Correlation With Market

Almost no diversification

The correlation between Robo Global Robotics and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robo Global Robotics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Robo Etf

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

Moving together with Robo Etf

0.84	INFL	Horizon Kinetics Inf	Pair Corr
0.89	PBD	Invesco Global Clean	Pair Corr
0.76	VRAI	Virtus Real Asset	Pair Corr
0.78	CTEC	Global X CleanTech	Pair Corr
0.84	FORH	Formidable ETF	Pair Corr
0.92	SAGP	Advisorsa Inner	Pair Corr
0.93	CBSE	Elevation Series Trust	Pair Corr
0.73	USD	ProShares Ultra Semi	Pair Corr
0.83	JNUG	Direxion Daily Junior	Pair Corr
0.77	GDXU	MicroSectors Gold Miners	Pair Corr
0.84	NUGT	Direxion Daily Gold	Pair Corr
0.85	GDMN	WisdomTree Efficient Gold	Pair Corr
0.83	DGP	DB Gold Double	Pair Corr
0.82	FB	ProShares Trust ProShares	Pair Corr
0.9	BSMS	Invesco BulletShares 2028	Pair Corr
0.95	IQSZ	Invesco Actively Managed	Pair Corr
0.88	REGL	ProShares SP MidCap	Pair Corr
0.93	PFFA	Virtus InfraCap Preferred	Pair Corr
0.85	UDI	USCF ETF Trust	Pair Corr
0.95	JEPI	JPMorgan Equity Premium	Pair Corr
0.88	PSFD	Pacer Swan SOS	Pair Corr
0.96	IRTR	iShares Trust	Pair Corr
0.88	WDNA	WisdomTree BioRevolution Low Volatility	Pair Corr
0.89	SIXJ	AIM ETF Products	Pair Corr
0.92	NBCE	Neuberger Berman ETF	Pair Corr
0.83	IAUM	iShares Gold Trust	Pair Corr
0.91	SPVM	Invesco SP 500	Pair Corr
0.96	ESML	iShares ESG Aware	Pair Corr
0.7	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.94	NULV	Nuveen ESG Large	Pair Corr
0.93	EURL	Direxion Daily FTSE	Pair Corr
0.9	BMVP	Invesco Bloomberg MVP	Pair Corr
0.88	XAUG	FT Cboe Vest	Pair Corr
0.88	XFIX	Fm Investments Symbol Change	Pair Corr

Related Correlations Analysis

	IWL	ICLN	QQEW	FIW	ICF	IYG	TMFC	PFFA	FLXR	FDIS
IWL		0.41	0.51	0.57	0.03	0.75	0.71	0.62	0.49	0.85	IWL
ICLN	0.41		-0.46	0.77	0.74	0.03	-0.29	0.79	0.83	0.23	ICLN
QQEW	0.51	-0.46		-0.16	-0.71	0.55	0.92	-0.13	-0.35	0.58	QQEW
FIW	0.57	0.77	-0.16		0.56	0.27	0.0	0.76	0.74	0.55	FIW
ICF	0.03	0.74	-0.71	0.56		-0.22	-0.57	0.58	0.73	-0.12	ICF
IYG	0.75	0.03	0.55	0.27	-0.22		0.66	0.45	0.29	0.82	IYG
TMFC	0.71	-0.29	0.92	0.0	-0.57	0.66		-0.03	-0.21	0.65	TMFC
PFFA	0.62	0.79	-0.13	0.76	0.58	0.45	-0.03		0.91	0.64	PFFA
FLXR	0.49	0.83	-0.35	0.74	0.73	0.29	-0.21	0.91		0.43	FLXR
FDIS	0.85	0.23	0.58	0.55	-0.12	0.82	0.65	0.64	0.43		FDIS
	IWL	ICLN	QQEW	FIW	ICF	IYG	TMFC	PFFA	FLXR	FDIS

Please upgrade your account to get full access to Macroaxis premium features

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

TMFC	+ 0.92	QQEW
FLXR	+ 0.91	PFFA
FDIS	+ 0.85	IWL
FLXR	+ 0.83	ICLN
FDIS	+ 0.82	IYG
PFFA	+ 0.79	ICLN

High negative correlations

ICF	- 0.71	QQEW
TMFC	- 0.57	ICF
QQEW	- 0.46	ICLN
FLXR	- 0.35	QQEW
TMFC	- 0.29	ICLN
IYG	- 0.22	ICF

Robo Global Constituents Risk-Adjusted Indicators

There is a big difference between Robo Etf performing well and Robo Global 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 Robo Global'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
IWL	0.56	(0.04)	0.00	(0.02)	0.00	0.00	0.99	(1.55)	3.77
ICLN	1.30	0.08	0.05	0.11	1.70	(1.37)	2.42	(2.86)	7.54
QQEW	0.85	(0.13)	0.00	(0.10)	0.00	0.00	1.58	(2.10)	5.07
FIW	0.78	(0.03)	(0.03)	0.01	0.87	(0.87)	1.74	(1.24)	4.64
ICF	0.64	0.08	0.06	0.24	0.79	(0.64)	1.51	(1.35)	3.21
IYG	0.83	(0.06)	0.00	(0.02)	0.00	0.00	1.54	(1.80)	4.81
TMFC	0.62	(0.10)	0.00	(0.09)	0.00	0.00	0.95	(1.50)	4.06
PFFA	0.26	0.05	0.06	0.21	0.07	(0.33)	0.62	(0.43)	1.61
FLXR	0.08	0.01	(0.23)	0.43	0.00	(0.09)	0.18	(0.13)	0.43
FDIS	0.80	(0.06)	0.00	(0.02)	0.00	0.00	1.81	(1.68)	4.98

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC