Tema ETF Correlations

RSHO Etf

40.49 0.63 1.58%

The current 90-days correlation between Tema ETF Trust and Franklin Templeton ETF is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tema ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tema ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tema ETF Correlation With Market

Very poor diversification

The correlation between Tema ETF Trust and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tema ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tema Etf

0.97	VO	Vanguard Mid Cap	Pair Corr
0.98	VXF	Vanguard Extended Market	Pair Corr
0.99	IJH	iShares Core SP	Pair Corr
0.99	IWR	iShares Russell Mid	Pair Corr
0.99	MDY	SPDR SP MIDCAP	Pair Corr
0.96	FV	First Trust Dorsey	Pair Corr
0.99	IVOO	Vanguard SP Mid	Pair Corr
0.99	JHMM	John Hancock Multifactor	Pair Corr
0.99	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.95	REGL	ProShares SP MidCap Low Volatility	Pair Corr
0.64	MLPR	ETRACS Quarterly Pay	Pair Corr
0.77	DIG	ProShares Ultra Oil	Pair Corr
0.82	USD	ProShares Ultra Semi	Pair Corr
0.66	SGG	Barclays Capital	Pair Corr
0.83	YCS	ProShares UltraShort Yen	Pair Corr
0.83	TBT	ProShares UltraShort	Pair Corr
0.89	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.75	AMZA	InfraCap MLP ETF	Pair Corr
0.97	SPY	SPDR SP 500	Pair Corr
0.93	PPA	Invesco Aerospace Defense	Pair Corr
0.92	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.95	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.89	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.87	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.82	WMT	Walmart Aggressive Push	Pair Corr

Moving against Tema Etf

0.56	NRGU	Bank Of Montreal	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.63	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.6	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO
DIEM		-0.41	0.17	0.53	0.48	0.4	0.25	0.47	0.53	DIEM
DIPS	-0.41		-0.76	-0.85	0.31	-0.79	0.66	-0.87	-0.78	DIPS
DISO	0.17	-0.76		0.77	-0.46	0.82	-0.73	0.8	0.77	DISO
DIVB	0.53	-0.85	0.77		-0.03	0.96	-0.53	0.99	0.94	DIVB
DIVD	0.48	0.31	-0.46	-0.03		-0.08	0.82	-0.12	-0.03	DIVD
DIVG	0.4	-0.79	0.82	0.96	-0.08		-0.57	0.96	0.92	DIVG
DIVI	0.25	0.66	-0.73	-0.53	0.82	-0.57		-0.6	-0.49	DIVI
DIVL	0.47	-0.87	0.8	0.99	-0.12	0.96	-0.6		0.92	DIVL
DIVO	0.53	-0.78	0.77	0.94	-0.03	0.92	-0.49	0.92		DIVO
	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO

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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

DIVL	+ 0.99	DIVB
DIVG	+ 0.96	DIVB
DIVL	+ 0.96	DIVG
DIVO	+ 0.94	DIVB
DIVO	+ 0.92	DIVG
DIVO	+ 0.92	DIVL

High negative correlations

DIVL	- 0.87	DIPS
DIVB	- 0.85	DIPS
DIVG	- 0.79	DIPS
DIVO	- 0.78	DIPS
DISO	- 0.76	DIPS
DIVI	- 0.73	DISO

Tema ETF Constituents Risk-Adjusted Indicators

There is a big difference between Tema Etf performing well and Tema ETF 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 Tema ETF'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
DIEM	0.89	(0.03)	(0.07)	0.01	1.18	(0.91)	1.97	(2.01)	7.08
DIPS	1.59	(0.16)	0.00	0.25	0.00	0.00	3.03	(3.20)	13.88
DISO	0.75	0.26	0.24	0.59	0.43	(0.93)	1.67	(0.83)	5.96
DIVB	0.52	0.02	0.02	0.11	0.34	(0.67)	1.04	(0.81)	3.81
DIVD	0.49	(0.07)	0.00	(0.05)	0.00	0.00	0.95	(0.98)	2.80
DIVG	0.47	0.04	0.01	0.14	0.41	(0.51)	1.10	(0.86)	3.07
DIVI	0.67	(0.13)	0.00	(0.21)	0.00	0.00	1.41	(1.58)	3.95
DIVL	0.48	0.03	0.01	0.13	0.39	(0.55)	1.10	(0.85)	2.93
DIVO	0.45	0.08	(0.01)	25.26	0.30	(0.52)	1.17	(0.67)	3.12

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