Global X Correlations

SDEM Etf

USD 24.39 0.21 0.87%

The current 90-days correlation between Global X MSCI and Global X MSCI is 0.67 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global X moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global X MSCI moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global X Correlation With Market

Average diversification

The correlation between Global X MSCI and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X MSCI 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 Global X MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Global Etf

0.81	VWO	Vanguard FTSE Emerging	Pair Corr
0.76	IEMG	iShares Core MSCI	Pair Corr
0.82	EMC	Global X Funds	Pair Corr
0.77	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.81	SPEM	SPDR Portfolio Emerging	Pair Corr
0.75	FNDE	Schwab Fundamental	Pair Corr
0.78	ESGE	iShares ESG Aware	Pair Corr
0.71	DGS	WisdomTree Emerging	Pair Corr
0.74	XSOE	WisdomTree Emerging	Pair Corr
0.68	EMXC	iShares MSCI Emerging	Pair Corr
0.71	VEA	Vanguard FTSE Developed	Pair Corr

Moving against Global Etf

0.52	UMI	USCF Midstream Energy	Pair Corr
0.4	BTC	Grayscale Bitcoin Mini	Pair Corr
0.37	BITX	Volatility Shares Trust Buyout Trend	Pair Corr
0.37	OLO	Olo Inc	Pair Corr
0.34	Z	Zillow Group Class	Pair Corr
0.33	WUCT	UBS AG London	Pair Corr
0.39	JAAA	Janus Detroit Street	Pair Corr
0.38	IYG	iShares Financial	Pair Corr
0.38	TFLO	iShares Treasury Floating	Pair Corr
0.37	MINT	PIMCO Enhanced Short	Pair Corr
0.36	GJAN	First Trust Exchange	Pair Corr
0.35	IVES	Amplify ETF Trust Symbol Change	Pair Corr

Related Correlations Analysis

	EFAS	ALTY	DVYE	SRET	SPFF
EFAS		0.17	0.86	0.86	0.55	EFAS
ALTY	0.17		0.1	0.39	0.6	ALTY
DVYE	0.86	0.1		0.74	0.52	DVYE
SRET	0.86	0.39	0.74		0.78	SRET
SPFF	0.55	0.6	0.52	0.78		SPFF
	EFAS	ALTY	DVYE	SRET	SPFF

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Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
EFAS	0.73	(0.08)	0.00	(0.47)	0.00	0.00	1.21	(1.73)	4.38
ALTY	0.38	0.01	(0.01)	0.07	0.42	(0.43)	0.78	(0.68)	2.25
DVYE	0.77	(0.09)	0.00	(0.30)	0.00	0.00	1.46	(1.68)	6.24
SRET	0.70	(0.09)	0.00	(0.25)	0.00	0.00	1.32	(1.50)	4.72
SPFF	0.45	(0.04)	0.00	(0.25)	0.00	0.00	1.17	(0.94)	2.98

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