Series Portfolios Correlations

SCAP Etf

USD 37.88 0.16 0.42%

The current 90-days correlation between Series Portfolios Trust and Dimensional ETF Trust is 0.47 (i.e., Very weak diversification). The correlation of Series Portfolios 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Series Portfolios Correlation With Market

Very poor diversification

The correlation between Series Portfolios Trust and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Series Portfolios Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Series Portfolios 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 nation.

Moving together with Series Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.97	IWN	iShares Russell 2000	Pair Corr
0.97	DFAT	Dimensional Targeted	Pair Corr
0.97	IJS	iShares SP Small	Pair Corr
0.97	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.92	CALF	Pacer Small Cap	Pair Corr
0.97	VIOV	Vanguard SP Small	Pair Corr
0.97	VRTVX	Vanguard Scottsdale Funds	Pair Corr
0.93	UPRO	ProShares UltraPro SP500	Pair Corr
0.86	QTJA	Innovator ETFs Trust	Pair Corr
0.85	QTOC	Innovator ETFs Trust	Pair Corr
0.88	XTOC	Innovator ETFs Trust	Pair Corr
0.89	QTAP	Innovator Growth 100	Pair Corr
0.78	TSJA	TSJA	Pair Corr
0.87	XTJA	Innovator ETFs Trust	Pair Corr
0.76	DSJA	DSJA	Pair Corr
0.87	XDJA	Innovator ETFs Trust	Pair Corr
0.92	XTAP	Innovator Equity Acc	Pair Corr
0.77	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.85	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.84	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Series Etf

0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.66	KO	Coca Cola Aggressive Push	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.57	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV
DISV		-0.51	-0.47	-0.4	-0.53	-0.47	-0.49	-0.5	-0.5	DISV
VB	-0.51		0.99	0.97	0.97	0.98	0.99	0.99	0.97	VB
MMSC	-0.47	0.99		0.96	0.95	0.96	0.99	0.99	0.95	MMSC
VIOG	-0.4	0.97	0.96		0.98	0.99	0.98	0.98	0.98	VIOG
VIOV	-0.53	0.97	0.95	0.98		0.99	0.98	0.98	1.0	VIOV
VIOO	-0.47	0.98	0.96	0.99	0.99		0.99	0.99	0.99	VIOO
DWAS	-0.49	0.99	0.99	0.98	0.98	0.99		0.99	0.98	DWAS
VTWG	-0.5	0.99	0.99	0.98	0.98	0.99	0.99		0.98	VTWG
VTWV	-0.5	0.97	0.95	0.98	1.0	0.99	0.98	0.98		VTWV
	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV

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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

VTWV	+ 1.0	VIOV
MMSC	+ 0.99	VB
DWAS	+ 0.99	VB
VTWG	+ 0.99	VB
DWAS	+ 0.99	MMSC
VTWG	+ 0.99	MMSC

High negative correlations

VIOV	- 0.53	DISV
VB	- 0.51	DISV
VTWV	- 0.5	DISV
VTWG	- 0.5	DISV
DWAS	- 0.49	DISV
VIOO	- 0.47	DISV

Series Portfolios Constituents Risk-Adjusted Indicators

There is a big difference between Series Etf performing well and Series Portfolios 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 Series Portfolios' 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
DISV	0.73	(0.12)	0.00	(0.13)	0.00	0.00	1.34	(1.69)	4.15
VB	0.74	0.03	0.06	0.15	0.70	(0.79)	1.68	(1.21)	5.31
MMSC	0.89	0.01	0.05	0.14	0.99	(0.94)	1.97	(2.02)	6.85
VIOG	0.92	(0.06)	0.01	0.09	0.89	(1.03)	2.14	(1.41)	7.53
VIOV	0.91	(0.03)	0.03	0.11	0.85	(1.04)	1.90	(1.70)	7.84
VIOO	0.91	(0.04)	0.01	0.10	0.85	(0.97)	2.01	(1.56)	7.52
DWAS	1.14	(0.02)	0.05	0.12	1.22	(1.30)	2.60	(2.34)	8.26
VTWG	0.97	0.01	0.06	0.13	0.95	(1.06)	2.24	(1.70)	7.36
VTWV	0.91	(0.05)	0.01	0.09	0.85	(1.01)	1.93	(1.72)	8.11

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