SEI Select Correlations

SEEM Etf   25.23  0.23  0.92%   
The current 90-days correlation between SEI Select Emerging and Vanguard FTSE Emerging is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SEI Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SEI Select Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SEI Select Correlation With Market

SEIDowDiversified AwaySEIDowDiversified Away100%

Significant diversification

The correlation between SEI Select Emerging and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEI Select Emerging 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 SEI Select Emerging. 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 SEI Etf

  0.91VWO Vanguard FTSE EmergingPairCorr
  0.89IEMG iShares Core MSCIPairCorr
  0.77EMC Global X FundsPairCorr
  0.91EEM iShares MSCI Emerging Sell-off TrendPairCorr
  0.86SPEM SPDR Portfolio Emerging Sell-off TrendPairCorr
  0.95FNDE Schwab FundamentalPairCorr
  0.91ESGE iShares ESG AwarePairCorr
  0.77XSOE WisdomTree EmergingPairCorr
  0.62EMXC iShares MSCI EmergingPairCorr
  0.81VTI Vanguard Total StockPairCorr
  0.83SPY SPDR SP 500PairCorr
  0.76IVV iShares Core SP Sell-off TrendPairCorr
  0.62BND Vanguard Total BondPairCorr
  0.66VUG Vanguard Growth IndexPairCorr
  0.89VEA Vanguard FTSE DevelopedPairCorr
  0.66STPZ PIMCO 1 5PairCorr
  0.72VIG Vanguard DividendPairCorr
  0.68IUQFF iShares IV PublicPairCorr
  0.61VOOG Vanguard SP 500PairCorr
  0.84QTEC First Trust NASDAQPairCorr
  0.63XLF Financial Select SectorPairCorr
  0.76SLVO Credit Suisse XPairCorr
  0.72SPYT Tidal Trust IIPairCorr
  0.67RYLD Global X RussellPairCorr
  0.82IWB iShares Russell 1000PairCorr
  0.71ARKK ARK Innovation ETFPairCorr
  0.81BYLD iShares Yield OptimizedPairCorr
  0.72GSIG Goldman Sachs AccessPairCorr
  0.76VOO Vanguard SP 500PairCorr

Related Correlations Analysis

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SEI Select Constituents Risk-Adjusted Indicators

There is a big difference between SEI Etf performing well and SEI Select 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 SEI Select'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWO  0.59  0.04  0.04  0.52  0.74 
 1.20 
 4.74 
IEMG  0.59  0.07  0.08  0.22  0.71 
 1.23 
 4.16 
EMC  0.65  0.04  0.03  0.13  0.97 
 1.33 
 4.18 
EEM  0.61  0.08  0.09  0.26  0.71 
 1.31 
 4.39 
SPEM  0.59  0.05  0.06  0.19  0.75 
 1.20 
 4.70 
FNDE  0.65  0.06  0.07  1.48  0.74 
 1.34 
 5.66 
ESGE  0.61  0.09  0.10  0.29  0.70 
 1.36 
 4.28 
DGS  0.48  0.02  0.02  0.06  0.70 
 0.92 
 3.08 
XSOE  0.59  0.01  0.00  0.11  0.87 
 1.10 
 3.75 
EMXC  0.59  0.02  0.02  0.06  0.86 
 1.23 
 4.19 

Trending Assets

XSOE
WisdomTree Emerging
31.84  0.19  0.60 
ESGE
iShares ESG Aware
36.14  -0.06  -0.17 
VWO
Vanguard FTSE Emerging
46.40  0.43  0.94 
EMC
Global X Funds
26.95  -0.15  -0.55 
DGS
WisdomTree Emerging
49.96  -0.28  -0.56 
SPEM
SPDR Portfolio Emerging
40.35  -0.07  -0.17 
EMXC
iShares MSCI Emerging
56.98  -0.66  -1.15 
IEMG
iShares Core MSCI
55.52  -0.2  -0.36 
FNDE
Schwab Fundamental
31.23  0.23  0.74 
EEM
iShares MSCI Emerging
44.90  -0.13  -0.29