RBC Quant Correlations

RXD Etf

CAD 21.01 0.03 0.14%

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

RBC Quant Correlation With Market

Average diversification

The correlation between RBC Quant Emerging and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBC Quant Emerging and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RBC Quant 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 Quant 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 Quant - 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 Quant Emerging to buy it.

Moving together with RBC Etf

0.92	VEE	Vanguard FTSE Emerging	Pair Corr
0.91	ZEM	BMO MSCI Emerging	Pair Corr
0.91	XEC	iShares Core MSCI	Pair Corr
0.91	XEM	iShares MSCI Emerging	Pair Corr
0.9	ZLE	BMO Low Volatility	Pair Corr
0.91	HXEM	Global X Emerging	Pair Corr
0.88	XMM	iShares MSCI Min	Pair Corr

Related Correlations Analysis

	XMW	XMU	XFR	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO
XMW		0.96	0.91	-0.66	0.71	0.61	-0.63	0.89	-0.64	0.15	XMW
XMU	0.96		0.9	-0.74	0.66	0.51	-0.65	0.91	-0.58	-0.01	XMU
XFR	0.91	0.9		-0.68	0.75	0.48	-0.62	0.9	-0.74	0.11	XFR
ZUAG-U	-0.66	-0.74	-0.68		-0.22	-0.13	0.54	-0.82	0.43	0.37	ZUAG-U
XHB	0.71	0.66	0.75	-0.22		0.51	-0.44	0.62	-0.67	0.17	XHB
EDGF	0.61	0.51	0.48	-0.13	0.51		-0.11	0.45	-0.39	0.33	EDGF
SOLR	-0.63	-0.65	-0.62	0.54	-0.44	-0.11		-0.59	0.31	0.0	SOLR
0P0000OXA6	0.89	0.91	0.9	-0.82	0.62	0.45	-0.59		-0.65	-0.08	0P0000OXA6
ALA-PA	-0.64	-0.58	-0.74	0.43	-0.67	-0.39	0.31	-0.65		-0.19	ALA-PA
ECO	0.15	-0.01	0.11	0.37	0.17	0.33	0.0	-0.08	-0.19		ECO
	XMW	XMU	XFR	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO

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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

XMU	+ 0.96	XMW
XFR	+ 0.91	XMW
0P0000OXA6	+ 0.91	XMU
XFR	+ 0.9	XMU
0P0000OXA6	+ 0.9	XFR
0P0000OXA6	+ 0.89	XMW

High negative correlations

0P0000OXA6	- 0.82	ZUAG-U
ALA-PA	- 0.74	XFR
ZUAG-U	- 0.74	XMU
ZUAG-U	- 0.68	XFR
ALA-PA	- 0.67	XHB
ZUAG-U	- 0.66	XMW

RBC Quant Constituents Risk-Adjusted Indicators

There is a big difference between RBC Etf performing well and RBC Quant 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 Quant'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
XMW	0.33	0.03	(0.14)	0.29	0.25	(0.37)	0.69	(0.55)	2.07
XMU	0.47	0.05	(0.05)	0.26	0.18	(0.61)	1.24	(0.67)	3.70
XFR	0.03	0.01	(2.09)	(4.99)	0.00	(0.06)	0.05	(0.05)	0.15
ZUAG-U	0.14	(0.03)	0.00	1.87	0.00	0.00	0.42	(0.46)	2.35
XHB	0.19	0.01	(0.49)	(0.22)	0.13	(0.26)	0.41	(0.31)	1.07
EDGF	0.81	0.01	(0.05)	0.18	1.11	(1.17)	2.20	(1.86)	6.42
SOLR	5.78	0.28	0.00	(0.06)	8.19	(23.96)	25.00	(20.00)	50.00
0P0000OXA6	0.50	0.09	(0.04)	1.11	0.55	(0.54)	1.07	(1.18)	4.34
ALA-PA	0.51	0.01	(0.17)	0.06	0.67	(0.60)	1.15	(1.45)	3.73
ECO	1.48	(0.03)	(0.05)	0.04	1.87	(1.71)	3.84	(3.00)	11.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in RBC Quant 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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