Exchange Listed Correlations

Etfs . USA . 
Etf . Exchange Listed Funds
SHUS Etf  USD 45.05  0.08  0.18%   
The current 90-days correlation between Exchange Listed Funds and ETC 6 Meridian is 0.54 (i.e., Very weak diversification). The correlation of Exchange Listed 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.

Exchange Listed Correlation With Market

Very poor diversification

The correlation between Exchange Listed Funds 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 Exchange Listed Funds 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 Exchange Listed Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Exchange Etf

  0.96VO Vanguard Mid CapPairCorr
  0.95VXF Vanguard Extended MarketPairCorr
  0.97IJH iShares Core SPPairCorr
  0.97IWR iShares Russell Mid Sell-off TrendPairCorr
  0.97MDY SPDR SP MIDCAPPairCorr
  0.92FV First Trust DorseyPairCorr
  0.97IVOO Vanguard SP MidPairCorr
  0.97JHMM John Hancock MultifactorPairCorr
  0.96BBMC JPMorgan BetaBuilders MidPairCorr
  0.97REGL ProShares SP MidCap Low VolatilityPairCorr
  0.94VTI Vanguard Total StockPairCorr
  0.92SPY SPDR SP 500 Aggressive PushPairCorr
  0.92IVV iShares Core SPPairCorr
  0.97VTV Vanguard Value Index Sell-off TrendPairCorr
  0.88VUG Vanguard Growth IndexPairCorr
  0.96VB Vanguard Small CapPairCorr
  0.62XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.79CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.81HD Home Depot Sell-off TrendPairCorr
  0.86CSCO Cisco Systems Aggressive PushPairCorr
  0.85AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.85CVX Chevron Corp Sell-off TrendPairCorr
  0.7T ATT Inc Aggressive PushPairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.85BAC Bank of America Aggressive PushPairCorr
  0.78HPQ HP IncPairCorr
  0.82DIS Walt Disney Aggressive PushPairCorr
  0.82INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against Exchange Etf

  0.56BND Vanguard Total BondPairCorr
  0.43VEA Vanguard FTSE DevelopedPairCorr
  0.66MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.63PFE Pfizer Inc Aggressive PushPairCorr
  0.63KO Coca Cola Sell-off TrendPairCorr
  0.6BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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Exchange Listed Constituents Risk-Adjusted Indicators

There is a big difference between Exchange Etf performing well and Exchange Listed 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 Exchange Listed'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.

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