Hartford Multifactor Correlations

ROSC Etf

USD 50.32 0.68 1.33%

The current 90-days correlation between Hartford Multifactor and ProShares Ultra SmallCap600 is 0.94 (i.e., Almost no 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

Almost no diversification

The correlation between Hartford Multifactor Small and DJI is 0.92 (i.e., Almost no 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 main economic indicators.

Moving together with Hartford Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.98	IWN	iShares Russell 2000	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
0.99	IJS	iShares SP Small	Pair Corr
0.99	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.99	MDYV	SPDR SP 400	Pair Corr
0.94	CALF	Pacer Small Cap	Pair Corr
0.97	REGL	ProShares SP MidCap	Pair Corr
0.87	ITWO	Proshares Russell 2000	Pair Corr
0.62	AMPD	Tidal ETF Services	Pair Corr
0.7	ELON	Battleshares TSLA	Pair Corr
0.91	CPST	Calamos ETF Trust	Pair Corr
0.8	UAUG	Innovator Equity Ultra	Pair Corr
0.87	HCMAX	THE HILLMAN FUND	Pair Corr
0.94	DFIV	Dimensional International Sell-off Trend	Pair Corr
0.95	IOCT	Innovator ETFs Trust	Pair Corr
0.94	DISV	Dimensional ETF Trust	Pair Corr
0.93	CCNR	CoreCommodity Natural	Pair Corr
0.87	EMIF	iShares Emerging Markets	Pair Corr
0.8	DAUG	FT Cboe Vest	Pair Corr
0.97	KNGZ	First Trust Exchange	Pair Corr
0.93	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.82	LALT	Invesco Multi Strategy	Pair Corr
0.86	ISTB	iShares Core 1	Pair Corr
0.81	PAUG	Innovator Equity Power	Pair Corr
0.76	GOCT	FT Cboe Vest	Pair Corr
0.94	AHYB	American Century ETF	Pair Corr
0.97	STXV	EA Series Trust	Pair Corr
0.63	FUTS	Future Science Holdings	Pair Corr
0.92	DFE	WisdomTree Europe	Pair Corr
0.81	DOO	BRP Inc Symbol Change	Pair Corr
0.66	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.91	TAXT	Northern Trust Tax	Pair Corr
0.76	USO	United States Oil	Pair Corr
0.92	PID	Invesco International	Pair Corr

Moving against Hartford Etf

0.82	MPAY	Exchange Traded Concepts	Pair Corr
0.64	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	LDEM	IDX	QDIV	NUDV	ORR	EFNL	INRO	RETL	KVLE	SAA
LDEM		-0.56	0.92	0.93	0.94	0.96	0.48	0.34	0.9	0.91	LDEM
IDX	-0.56		-0.63	-0.62	-0.64	-0.51	-0.09	0.17	-0.59	-0.47	IDX
QDIV	0.92	-0.63		0.99	0.97	0.89	0.25	0.27	0.94	0.93	QDIV
NUDV	0.93	-0.62	0.99		0.99	0.92	0.32	0.3	0.95	0.93	NUDV
ORR	0.94	-0.64	0.97	0.99		0.92	0.3	0.22	0.92	0.89	ORR
EFNL	0.96	-0.51	0.89	0.92	0.92		0.55	0.45	0.9	0.91	EFNL
INRO	0.48	-0.09	0.25	0.32	0.3	0.55		0.62	0.49	0.48	INRO
RETL	0.34	0.17	0.27	0.3	0.22	0.45	0.62		0.41	0.56	RETL
KVLE	0.9	-0.59	0.94	0.95	0.92	0.9	0.49	0.41		0.95	KVLE
SAA	0.91	-0.47	0.93	0.93	0.89	0.91	0.48	0.56	0.95		SAA
	LDEM	IDX	QDIV	NUDV	ORR	EFNL	INRO	RETL	KVLE	SAA

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

NUDV	+ 0.99	QDIV
ORR	+ 0.99	NUDV
ORR	+ 0.97	QDIV
EFNL	+ 0.96	LDEM
KVLE	+ 0.95	NUDV
SAA	+ 0.95	KVLE

High negative correlations

ORR	- 0.64	IDX
QDIV	- 0.63	IDX
NUDV	- 0.62	IDX
KVLE	- 0.59	IDX
IDX	- 0.56	LDEM
EFNL	- 0.51	IDX

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	0.66	0.11	0.08	0.24	0.69	(0.68)	1.85	(1.01)	4.65
IDX	0.92	(0.03)	0.00	0.56	0.00	0.00	2.08	(1.23)	14.98
QDIV	0.59	0.13	0.15	0.31	0.38	(0.68)	1.66	(0.99)	3.62
NUDV	0.47	0.11	0.15	0.25	0.20	(0.60)	1.15	(0.83)	2.99
ORR	0.55	0.23	0.23	0.90	0.25	(0.64)	1.17	(0.84)	3.25
EFNL	0.70	0.17	0.13	0.32	0.77	(0.72)	1.62	(1.51)	4.39
INRO	0.56	(0.01)	(0.03)	0.07	0.73	(0.55)	0.94	(1.28)	3.92
RETL	2.74	0.10	0.10	0.11	2.54	(3.59)	5.51	(5.50)	20.07
KVLE	0.51	0.02	0.01	0.11	0.61	(0.55)	0.97	(1.12)	3.65
SAA	1.62	0.16	0.15	0.14	1.47	(1.89)	4.04	(2.92)	10.57

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