Hartford Multifactor Correlations

RODM Etf

USD 40.39 0.01 0.02%

The current 90-days correlation between Hartford Multifactor and JPMorgan Emerging Markets is -0.09 (i.e., Good 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

Very poor diversification

The correlation between Hartford Multifactor Developed and DJI is 0.85 (i.e., Very 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

0.98	EFV	iShares MSCI EAFE	Pair Corr
0.99	FNDF	Schwab Fundamental	Pair Corr
0.99	VYMI	Vanguard International	Pair Corr
0.98	IDV	iShares International	Pair Corr
0.98	DFIV	Dimensional International	Pair Corr
0.98	IVLU	iShares Edge MSCI Sell-off Trend	Pair Corr
0.98	PXF	Invesco FTSE RAFI	Pair Corr
0.98	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.96	PID	Invesco International	Pair Corr
0.92	OIH	VanEck Oil Services	Pair Corr
0.68	WTMF	WisdomTree Managed Potential Growth	Pair Corr
0.86	EWC	iShares MSCI Canada	Pair Corr
0.65	TOT	Advisor Managed Port	Pair Corr
0.91	QLV	FlexShares Quality Low	Pair Corr
0.8	SIXJ	AIM ETF Products	Pair Corr
0.92	NBCE	Neuberger Berman ETF	Pair Corr
0.69	TERG	Leverage Shares 2X Downward Rally	Pair Corr
0.89	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.86	PFF	iShares Preferred	Pair Corr
0.88	UMAY	Innovator ETFs Trust	Pair Corr
0.83	XYLD	Global X SP	Pair Corr
0.9	NCPB	Nuveen Core Plus	Pair Corr
0.8	JANW	AIM ETF Products	Pair Corr
0.84	XAUG	FT Cboe Vest	Pair Corr
0.95	REGL	ProShares SP MidCap	Pair Corr
0.95	CCNR	CoreCommodity Natural	Pair Corr
0.93	EMES	Harbor ETF Trust	Pair Corr
0.91	IQSZ	Invesco Actively Managed	Pair Corr
0.98	FNDC	Schwab Fundamental	Pair Corr
0.95	EURL	Direxion Daily FTSE	Pair Corr
0.96	WLDR	Affinity World Leaders	Pair Corr
0.95	PCEM	Litman Gregory Funds	Pair Corr
0.94	DFSD	Dimensional ETF Trust	Pair Corr

Moving against Hartford Etf

0.74	ARKW	ARK Next Generation	Pair Corr
0.54	HUM	Humana Inc	Pair Corr

Related Correlations Analysis

	GEM	GSUS	XCEM	SCHY	SPGM	EMGF	DHS	GLOV	IYK	JEMA
GEM		0.56	1.0	0.92	0.93	1.0	0.92	0.83	0.8	1.0	GEM
GSUS	0.56		0.55	0.48	0.81	0.55	0.42	0.47	0.17	0.58	GSUS
XCEM	1.0	0.55		0.94	0.93	0.99	0.94	0.85	0.82	1.0	XCEM
SCHY	0.92	0.48	0.94		0.88	0.92	0.98	0.84	0.9	0.94	SCHY
SPGM	0.93	0.81	0.93	0.88		0.92	0.85	0.81	0.67	0.94	SPGM
EMGF	1.0	0.55	0.99	0.92	0.92		0.92	0.82	0.81	0.99	EMGF
DHS	0.92	0.42	0.94	0.98	0.85	0.92		0.83	0.94	0.93	DHS
GLOV	0.83	0.47	0.85	0.84	0.81	0.82	0.83		0.68	0.84	GLOV
IYK	0.8	0.17	0.82	0.9	0.67	0.81	0.94	0.68		0.82	IYK
JEMA	1.0	0.58	1.0	0.94	0.94	0.99	0.93	0.84	0.82		JEMA
	GEM	GSUS	XCEM	SCHY	SPGM	EMGF	DHS	GLOV	IYK	JEMA

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

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	0.71	0.13	0.15	0.25	0.60	(0.82)	1.45	(1.23)	4.43
GSUS	0.55	(0.05)	0.00	(0.02)	0.00	0.00	0.93	(1.54)	3.72
XCEM	0.72	0.21	0.23	0.38	0.59	(0.84)	1.94	(1.23)	4.34
SCHY	0.57	0.19	0.29	0.44	0.00	(0.68)	1.34	(0.87)	2.88
SPGM	0.56	0.03	0.02	0.08	0.74	(0.54)	1.05	(1.49)	3.65
EMGF	0.69	0.13	0.15	0.25	0.58	(0.80)	1.55	(1.24)	4.47
DHS	0.53	0.16	0.29	0.38	0.00	(0.66)	1.43	(0.78)	2.35
GLOV	0.39	0.07	0.05	(2.79)	0.35	(0.41)	0.80	(0.61)	2.51
IYK	0.64	0.15	0.16	2.74	0.46	(0.76)	1.48	(0.98)	3.51
JEMA	0.74	0.16	0.16	0.28	0.68	(0.85)	1.58	(1.27)	4.92

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