Abrdn Physical Correlations

SGOL ETF

USD 44.58 -0.36 -0.80%

Correlations tend to spike during dislocations, so the stock's calm-market pairing may not hold under stress. The current 90-days correlation between abrdn Physical Gold and iShares Currency Hedged is 0.36 (i.e., Moderate diversification).

Abrdn Physical Correlation to Market

Weak diversification

Abrdn Physical currently posts a 0.54 correlation with Dow Jones, indicating a Weak diversification relationship for the active sample. The overlap area shows the portion of risk diversified away by holding both instruments together.

Allocation balance across sectors and asset classes shapes the risk-return profile of the portfolio. Clearer exposure analysis supports long-term portfolio balance. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence abrdn Physical Gold's ETF valuation - related indicators include signals in employment.

Moving together with Abrdn ETF

1.0	GLD	SPDR Gold Shares	Pair Corr
1.0	IAU	iShares Gold Trust	Pair Corr
0.75	SLV	iShares Silver Trust	Pair Corr
1.0	GLDM	SPDR Gold Mini	Pair Corr
0.89	GLTR	abrdn Physical Precious	Pair Corr
0.75	SIVR	abrdn Physical Silver	Pair Corr
1.0	IAUM	iShares Gold Trust	Pair Corr
0.64	BND	Vanguard Total Bond	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.66	HD	Home Depot	Pair Corr

Moving Against Abrdn ETF

0.6	USO	United States Oil Aggressive Push	Pair Corr
0.6	DBA	Invesco DB Agriculture Sell-off Trend	Pair Corr
0.52	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.69	0.55	0.67	-0.48	0.62	0.32	0.59	-0.38	-0.79	META
MSFT	0.69		0.82	0.51	-0.81	0.72	0.76	0.28	-0.8	-0.87	MSFT
UBER	0.55	0.82		0.31	-0.78	0.61	0.78	0.14	-0.79	-0.74	UBER
F	0.67	0.51	0.31		-0.32	0.81	0.33	0.56	-0.07	-0.73	F
T	-0.48	-0.81	-0.78	-0.32		-0.65	-0.6	-0.33	0.71	0.77	T
A	0.62	0.72	0.61	0.81	-0.65		0.62	0.54	-0.43	-0.85	A
CRM	0.32	0.76	0.78	0.33	-0.6	0.62		-0.17	-0.79	-0.64	CRM
JPM	0.59	0.28	0.14	0.56	-0.33	0.54	-0.17		0.09	-0.45	JPM
MRK	-0.38	-0.8	-0.79	-0.07	0.71	-0.43	-0.79	0.09		0.56	MRK
XOM	-0.79	-0.87	-0.74	-0.73	0.77	-0.85	-0.64	-0.45	0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.82	MSFT
A	+ 0.81	F
CRM	+ 0.78	UBER
XOM	+ 0.77	T
CRM	+ 0.76	MSFT
A	+ 0.72	MSFT

High negative correlations

XOM	- 0.87	MSFT
XOM	- 0.85	A
T	- 0.81	MSFT
MRK	- 0.8	MSFT
MRK	- 0.79	CRM
MRK	- 0.79	UBER

Abrdn Physical Competition Risk-Adjusted Indicators

Evaluating Abrdn ETF requires separating price momentum from underlying operating strength versus competitors. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.90	0.18	0.07	0.11	2.34	-1.92	5.66	-3.28	18.36
MSFT	1.54	-0.05	0.00	-0.06	0.00	0.00	3.12	-3.21	13.28
UBER	1.62	-0.17	0.00	-0.25	0.00	0.00	3.18	-3.60	8.17
F	1.45	-0.13	0.00	-0.11	0.00	0.00	3.61	-3.07	9.26
T	1.29	0.19	0.11	-0.54	1.40	-1.40	3.87	-2.45	8.54
A	1.32	-0.28	0.00	-0.34	0.00	0.00	2.46	-3.01	8.08
CRM	2.11	-0.30	0.00	-0.81	0.00	0.00	4.03	-6.09	13.46
JPM	1.10	0.04	0.03	0.03	1.50	-1.09	2.18	-2.34	8.16
MRK	1.22	0.03	0.02	0.04	1.54	-1.29	2.81	-2.58	7.67
XOM	1.38	0.18	0.09	-0.27	1.90	-1.35	2.68	-2.98	9.09