Themes Small Correlations

SMCF Etf

34.09 0.13 0.38%

The current 90-days correlation between Themes Small Cap and Vanguard Small Cap Value is 0.91 (i.e., Almost no diversification). The correlation of Themes Small 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.

Themes Small Correlation With Market

Very poor diversification

The correlation between Themes Small Cap and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes Small Cap 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 Themes Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Themes Etf

0.97	VBR	Vanguard Small Cap	Pair Corr
0.95	IWN	iShares Russell 2000	Pair Corr
0.97	DFAT	Dimensional Targeted	Pair Corr
0.95	IJS	iShares SP Small	Pair Corr
0.95	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.86	CALF	Pacer Small Cap Low Volatility	Pair Corr
0.95	VIOV	Vanguard SP Small	Pair Corr
0.95	VRTVX	Vanguard Scottsdale Funds	Pair Corr
0.91	UPRO	ProShares UltraPro SP500	Pair Corr
0.86	QTJA	Innovator ETFs Trust	Pair Corr
0.85	QTOC	Innovator ETFs Trust	Pair Corr
0.87	XTOC	Innovator ETFs Trust	Pair Corr
0.88	QTAP	Innovator Growth 100	Pair Corr
0.81	TSJA	TSJA	Pair Corr
0.87	XTJA	Innovator ETFs Trust	Pair Corr
0.79	DSJA	DSJA	Pair Corr
0.88	XDJA	Innovator ETFs Trust	Pair Corr
0.91	XTAP	Innovator Equity Acc	Pair Corr
0.68	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.89	DIS	Walt Disney Aggressive Push	Pair Corr
0.86	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.86	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.7	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.83	HPQ	HP Inc	Pair Corr

Moving against Themes Etf

0.81	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.76	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.75	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	VBR	IWN	DFAT	IJS	SLYV	AVUV	DES	CALF	VIOV	VRTVX
VBR		0.97	0.98	0.98	0.98	0.99	0.98	0.87	0.98	0.97	VBR
IWN	0.97		0.99	1.0	1.0	0.99	0.99	0.89	1.0	1.0	IWN
DFAT	0.98	0.99		0.99	0.99	1.0	1.0	0.88	0.99	0.99	DFAT
IJS	0.98	1.0	0.99		1.0	0.99	0.99	0.86	1.0	1.0	IJS
SLYV	0.98	1.0	0.99	1.0		0.99	0.99	0.87	1.0	1.0	SLYV
AVUV	0.99	0.99	1.0	0.99	0.99		0.99	0.89	0.99	0.99	AVUV
DES	0.98	0.99	1.0	0.99	0.99	0.99		0.86	0.99	0.99	DES
CALF	0.87	0.89	0.88	0.86	0.87	0.89	0.86		0.86	0.89	CALF
VIOV	0.98	1.0	0.99	1.0	1.0	0.99	0.99	0.86		1.0	VIOV
VRTVX	0.97	1.0	0.99	1.0	1.0	0.99	0.99	0.89	1.0		VRTVX
	VBR	IWN	DFAT	IJS	SLYV	AVUV	DES	CALF	VIOV	VRTVX

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Themes Small Constituents Risk-Adjusted Indicators

There is a big difference between Themes Etf performing well and Themes Small 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 Themes Small'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
VBR	0.73	(0.01)	0.02	0.12	0.64	(0.81)	1.67	(1.30)	5.71
IWN	0.92	(0.07)	(0.01)	0.08	0.90	(1.03)	1.88	(1.60)	8.00
DFAT	0.90	(0.05)	0.01	0.09	0.84	(1.07)	1.83	(1.67)	7.97
IJS	0.93	(0.04)	0.02	0.10	0.84	(1.17)	1.96	(1.69)	7.90
SLYV	0.94	(0.04)	0.02	0.09	0.85	(1.18)	2.02	(1.76)	7.88
AVUV	0.97	(0.04)	0.03	0.09	0.79	(1.21)	2.15	(1.48)	8.70
DES	0.89	(0.03)	0.02	0.10	0.75	(1.07)	2.12	(1.46)	8.00
CALF	0.99	(0.12)	(0.06)	0.04	1.00	(1.20)	2.04	(1.50)	7.52
VIOV	0.93	(0.04)	0.02	0.09	0.86	(1.09)	1.90	(1.70)	7.84
VRTVX	0.92	(0.07)	(0.01)	0.08	0.89	(1.03)	1.93	(1.70)	8.09

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