Hartford Multifactor Correlations

RODM Etf

USD 37.42 0.19 0.51%

The current 90-days correlation between Hartford Multifactor and Goldman Sachs ActiveBeta is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hartford Multifactor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hartford Multifactor Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hartford Multifactor Correlation With Market

Poor diversification

The correlation between Hartford Multifactor Developed and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Multifactor Developed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hartford Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Hartford Multifactor Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Hartford Etf

0.9	EFV	iShares MSCI EAFE	Pair Corr
0.89	FNDF	Schwab Fundamental	Pair Corr
0.89	VYMI	Vanguard International	Pair Corr
0.86	IDV	iShares International	Pair Corr
0.9	DFIV	Dimensional International	Pair Corr
0.99	IVLU	iShares Edge MSCI	Pair Corr
0.89	PXF	Invesco FTSE RAFI	Pair Corr
0.87	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.67	PID	Invesco International	Pair Corr
0.72	ITDD	iShares Trust	Pair Corr
0.83	CPST	Calamos ETF Trust	Pair Corr
0.83	CALI	iShares Short Term	Pair Corr
0.79	PJFM	PGIM ETF Trust	Pair Corr
0.79	DDFO	Innovator Equity Dual Sell-off Trend	Pair Corr
0.84	CPSL	Calamos Laddered	Pair Corr
0.72	JPM	JPMorgan Chase Earnings Call Next Week	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.67	MRK	Merck Company	Pair Corr

Moving against Hartford Etf

0.41

MSFT

Microsoft Sell-off Trend

Pair Corr

Related Correlations Analysis

	GEM	GSUS	XCEM	SCHY	SPGM	EMGF	DHS	GLOV	IYK	JEMA
GEM		0.75	0.96	0.25	0.8	0.98	0.33	0.48	-0.36	0.71	GEM
GSUS	0.75		0.76	0.48	0.96	0.7	0.48	0.7	-0.31	0.66	GSUS
XCEM	0.96	0.76		0.37	0.84	0.91	0.45	0.56	-0.38	0.71	XCEM
SCHY	0.25	0.48	0.37		0.56	0.15	0.66	0.7	-0.11	0.34	SCHY
SPGM	0.8	0.96	0.84	0.56		0.72	0.65	0.79	-0.29	0.71	SPGM
EMGF	0.98	0.7	0.91	0.15	0.72		0.18	0.36	-0.38	0.68	EMGF
DHS	0.33	0.48	0.45	0.66	0.65	0.18		0.79	0.21	0.37	DHS
GLOV	0.48	0.7	0.56	0.7	0.79	0.36	0.79		-0.1	0.71	GLOV
IYK	-0.36	-0.31	-0.38	-0.11	-0.29	-0.38	0.21	-0.1		-0.42	IYK
JEMA	0.71	0.66	0.71	0.34	0.71	0.68	0.37	0.71	-0.42		JEMA
	GEM	GSUS	XCEM	SCHY	SPGM	EMGF	DHS	GLOV	IYK	JEMA

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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

EMGF	+ 0.98	GEM
XCEM	+ 0.96	GEM
SPGM	+ 0.96	GSUS
EMGF	+ 0.91	XCEM
SPGM	+ 0.84	XCEM
SPGM	+ 0.8	GEM

High negative correlations

JEMA	- 0.42	IYK
IYK	- 0.38	EMGF
IYK	- 0.38	XCEM
IYK	- 0.36	GEM
IYK	- 0.31	GSUS
IYK	- 0.29	SPGM

Hartford Multifactor Constituents Risk-Adjusted Indicators

There is a big difference between Hartford Etf performing well and Hartford Multifactor 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 Hartford Multifactor'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
GEM	0.73	0.11	0.03	(1.89)	0.86	(0.81)	1.64	(1.23)	4.77
GSUS	0.60	0.03	(0.04)	0.57	0.91	(0.55)	1.22	(1.27)	3.31
XCEM	0.72	0.17	0.09	(1.19)	0.85	(0.79)	1.83	(1.39)	4.75
SCHY	0.45	0.10	0.09	0.51	0.23	(0.51)	1.19	(0.68)	2.28
SPGM	0.59	0.06	(0.01)	0.93	0.80	(0.59)	1.08	(1.26)	3.18
EMGF	0.72	0.10	0.02	(1.10)	0.87	(0.78)	1.72	(1.24)	4.68
DHS	0.50	0.04	(0.05)	3.96	0.44	(0.59)	1.26	(0.92)	2.28
GLOV	0.41	(0.02)	(0.09)	0.05	0.43	(0.44)	0.81	(0.68)	1.96
IYK	0.56	(0.03)	0.00	1.18	0.00	0.00	1.34	(1.04)	3.51
JEMA	0.78	0.06	0.05	0.13	0.95	(0.86)	1.67	(1.27)	4.92

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