RBC Short Correlations

RUSB Etf

CAD 21.44 0.07 0.33%

The current 90-days correlation between RBC Short Term and Invesco 1 3 Year is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RBC Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Short Term moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RBC Short Correlation With Market

Excellent diversification

The correlation between RBC Short Term and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBC Short Term and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RBC Short could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Short when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RBC Short - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RBC Short Term to buy it.

Moving together with RBC Etf

0.85

ZIC

BMO Mid Term

Pair Corr

Moving against RBC Etf

0.65	HBU	BetaPro Gold Bullion	Pair Corr
0.53	HGGG	Harvest Global Gold	Pair Corr
0.52	ZGD	BMO Equal Weight	Pair Corr
0.52	ZJG	BMO Junior Gold	Pair Corr
0.51	MNS	Royal Canadian Mint	Pair Corr
0.5	HGU	BetaPro Canadian Gold	Pair Corr
0.47	XGD	iShares SPTSX Global	Pair Corr
0.46	ZSU	BMO Short Term	Pair Corr
0.39	HZU	BetaPro Silver 2x	Pair Corr
0.68	CALL	Evolve Banks Enhanced	Pair Corr
0.6	GDV	Global Dividend Growth	Pair Corr
0.6	ZBK	BMO Equal Weight	Pair Corr
0.59	RAAA	Corton Enhanced Income	Pair Corr
0.59	MINT-B	Manulife Multifactor	Pair Corr
0.58	UDIV	Manulife Smart Dividend	Pair Corr
0.54	HEP	Global X Enhanced	Pair Corr
0.54	HPF	Harvest Energy Leaders	Pair Corr
0.54	ATSX	Accelerate Canadian Long	Pair Corr
0.52	XEU	iShares MSCI Europe	Pair Corr
0.52	DXAU	Dynamic Active Global	Pair Corr
0.52	NXF	First Asset Energy	Pair Corr
0.4	TERM	Manulife Smart Short	Pair Corr
0.66	GCTB	Guardian Ultra Short	Pair Corr
0.6	XDUH	iShares Core MSCI	Pair Corr
0.57	PFCO	PICTON Credit Opport	Pair Corr
0.55	BMAX	Brompton Enhanced Multi	Pair Corr
0.55	BANK	Evolve Canadian Banks	Pair Corr
0.54	ZDM	BMO MSCI EAFE	Pair Corr

Related Correlations Analysis

	ZEQT	TGFI	VXM	DXC	XST	AMAX	NALT	EMAX	VRIF	PFL
ZEQT		0.76	0.75	0.78	0.13	0.73	0.74	0.52	0.86	0.73	ZEQT
TGFI	0.76		0.91	0.91	0.5	0.85	0.87	0.61	0.92	0.86	TGFI
VXM	0.75	0.91		0.93	0.53	0.85	0.9	0.73	0.93	0.95	VXM
DXC	0.78	0.91	0.93		0.49	0.88	0.86	0.58	0.9	0.87	DXC
XST	0.13	0.5	0.53	0.49		0.27	0.25	0.51	0.38	0.41	XST
AMAX	0.73	0.85	0.85	0.88	0.27		0.9	0.52	0.87	0.85	AMAX
NALT	0.74	0.87	0.9	0.86	0.25	0.9		0.57	0.87	0.91	NALT
EMAX	0.52	0.61	0.73	0.58	0.51	0.52	0.57		0.74	0.68	EMAX
VRIF	0.86	0.92	0.93	0.9	0.38	0.87	0.87	0.74		0.88	VRIF
PFL	0.73	0.86	0.95	0.87	0.41	0.85	0.91	0.68	0.88		PFL
	ZEQT	TGFI	VXM	DXC	XST	AMAX	NALT	EMAX	VRIF	PFL

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RBC Short Constituents Risk-Adjusted Indicators

There is a big difference between RBC Etf performing well and RBC Short 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 RBC Short'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
ZEQT	0.55	0.08	0.02	(0.68)	0.64	(0.61)	0.97	(1.20)	3.90
TGFI	0.11	0.01	(0.23)	0.29	0.05	(0.14)	0.25	(0.20)	0.84
VXM	0.52	0.19	0.27	0.60	0.00	(0.64)	1.44	(0.55)	3.41
DXC	0.48	0.05	0.01	0.22	0.56	(0.50)	1.03	(1.11)	2.94
XST	0.78	0.19	0.16	(17.17)	0.58	(0.90)	2.64	(1.40)	4.65
AMAX	1.87	0.32	0.10	0.32	2.86	(1.97)	4.49	(3.95)	16.30
NALT	0.51	0.06	0.02	0.45	0.59	(0.56)	1.01	(1.20)	3.84
EMAX	0.91	0.14	0.08	4.12	0.90	(1.01)	2.34	(1.29)	5.01
VRIF	0.21	0.01	(0.13)	0.14	0.17	(0.23)	0.45	(0.38)	1.28
PFL	0.04	0.00	(0.88)	(0.39)	0.00	(0.06)	0.10	(0.05)	0.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in RBC Short without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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