Hartford Multifactor Correlations

ROSC Etf

USD 47.74 0.00 0.00%

The current 90-days correlation between Hartford Multifactor and iShares ESG MSCI is 0.52 (i.e., Very weak diversification). The correlation of Hartford Multifactor 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.

Hartford Multifactor Correlation With Market

Poor diversification

The correlation between Hartford Multifactor Small and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Multifactor Small 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 Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Hartford Etf

0.93	VBR	Vanguard Small Cap	Pair Corr
0.9	IWN	iShares Russell 2000	Pair Corr
0.93	IJJ	iShares SP Mid	Pair Corr
0.96	DFAT	Dimensional Targeted	Pair Corr
0.94	IJS	iShares SP Small	Pair Corr
0.95	SLYV	SPDR SP 600	Pair Corr
0.95	AVUV	Avantis Small Cap	Pair Corr
0.87	DES	WisdomTree SmallCap	Pair Corr
0.93	MDYV	SPDR SP 400	Pair Corr
0.95	CALF	Pacer Small Cap	Pair Corr
0.72	TOT	Advisor Managed Port	Pair Corr
0.71	LUX	Tema Global	Pair Corr
0.84	FB	ProShares Trust ProShares	Pair Corr
0.83	SWP	SWP Growth Income	Pair Corr
0.88	DUKH	Ocean Park High	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr
0.84	BAC	Bank of America	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.86	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against Hartford Etf

0.36	SHLD	Global X Defense	Pair Corr
0.66	MSFT	Microsoft Sell-off Trend	Pair Corr
0.54	T	ATT Inc	Pair Corr
0.49	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	LDEM	IDX	QDIV	NUDV	ORR	EFNL	INRO	RETL	KVLE	SAA
LDEM		-0.25	0.26	0.06	-0.1	0.28	0.6	0.25	0.59	0.33	LDEM
IDX	-0.25		0.37	0.8	0.87	0.73	0.46	0.1	0.05	0.46	IDX
QDIV	0.26	0.37		0.77	0.41	0.4	0.6	0.83	0.79	0.89	QDIV
NUDV	0.06	0.8	0.77		0.86	0.8	0.68	0.52	0.47	0.8	NUDV
ORR	-0.1	0.87	0.41	0.86		0.84	0.52	0.09	0.07	0.44	ORR
EFNL	0.28	0.73	0.4	0.8	0.84		0.76	0.15	0.31	0.55	EFNL
INRO	0.6	0.46	0.6	0.68	0.52	0.76		0.43	0.75	0.75	INRO
RETL	0.25	0.1	0.83	0.52	0.09	0.15	0.43		0.78	0.85	RETL
KVLE	0.59	0.05	0.79	0.47	0.07	0.31	0.75	0.78		0.82	KVLE
SAA	0.33	0.46	0.89	0.8	0.44	0.55	0.75	0.85	0.82		SAA
	LDEM	IDX	QDIV	NUDV	ORR	EFNL	INRO	RETL	KVLE	SAA

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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

SAA	+ 0.89	QDIV
ORR	+ 0.87	IDX
ORR	+ 0.86	NUDV
SAA	+ 0.85	RETL
EFNL	+ 0.84	ORR
RETL	+ 0.83	QDIV

High negative correlations

IDX	- 0.25	LDEM
ORR	- 0.1	LDEM

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
LDEM	0.65	(0.01)	(0.02)	0.05	0.99	(0.62)	1.45	(1.38)	4.35
IDX	0.75	0.07	0.04	0.35	0.75	(0.92)	1.89	(1.31)	4.67
QDIV	0.57	(0.05)	(0.08)	0.00	0.74	(0.61)	1.06	(1.25)	3.28
NUDV	0.50	0.00	(0.02)	0.06	0.52	(0.58)	1.02	(1.00)	2.58
ORR	0.64	0.10	0.08	0.26	0.72	(0.68)	1.17	(1.16)	3.22
EFNL	0.70	0.15	0.15	0.30	0.68	(0.76)	1.48	(1.26)	5.64
INRO	0.60	(0.03)	(0.03)	0.03	0.91	(0.57)	1.28	(1.28)	3.50
RETL	2.85	(0.26)	0.00	(0.01)	0.00	0.00	5.26	(6.25)	18.57
KVLE	0.51	(0.07)	0.00	(0.03)	0.00	0.00	1.02	(1.03)	2.63
SAA	1.78	(0.09)	0.00	0.02	2.24	(1.91)	3.62	(4.20)	8.62

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