Themes Small Correlations

SMCF Etf

32.79 0.08 0.24%

The current 90-days correlation between Themes Small Cap and Dimensional ETF Trust is 0.32 (i.e., Weak 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

Weak diversification

The correlation between Themes Small Cap and DJI is 0.33 (i.e., Weak 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

0.92	VBR	Vanguard Small Cap	Pair Corr
0.83	IWN	iShares Russell 2000	Pair Corr
0.94	DFAT	Dimensional Targeted	Pair Corr
0.78	IJS	iShares SP Small	Pair Corr
0.87	SLYV	SPDR SP 600	Pair Corr
0.92	AVUV	Avantis Small Cap	Pair Corr
0.85	DES	WisdomTree SmallCap	Pair Corr
0.96	MDYV	SPDR SP 400	Pair Corr
0.8	CALF	Pacer Small Cap Sell-off Trend	Pair Corr
0.88	REGL	ProShares SP MidCap	Pair Corr
0.89	OIH	VanEck Oil Services	Pair Corr
0.64	WTMF	WisdomTree Managed	Pair Corr
0.83	EWC	iShares MSCI Canada	Pair Corr
0.86	HUM	Humana Inc	Pair Corr
0.95	EZM	WisdomTree MidCap	Pair Corr
0.8	NIXT	Research Affiliates	Pair Corr
0.84	RFDA	RiverFront Dynamic	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr
0.72	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.87	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr

Moving against Themes Etf

0.42	IAUF	IShares	Pair Corr
0.63	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.31	BA	Boeing	Pair Corr

Related Correlations Analysis

	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV
DISV		0.23	0.22	0.3	0.24	0.27	0.31	0.24	0.36	DISV
VB	0.23		0.98	0.94	0.97	0.96	0.84	0.98	0.89	VB
MMSC	0.22	0.98		0.94	0.95	0.95	0.87	0.98	0.89	MMSC
VIOG	0.3	0.94	0.94		0.97	0.99	0.95	0.96	0.99	VIOG
VIOV	0.24	0.97	0.95	0.97		0.99	0.89	0.98	0.95	VIOV
VIOO	0.27	0.96	0.95	0.99	0.99		0.93	0.98	0.98	VIOO
DWAS	0.31	0.84	0.87	0.95	0.89	0.93		0.89	0.96	DWAS
VTWG	0.24	0.98	0.98	0.96	0.98	0.98	0.89		0.92	VTWG
VTWV	0.36	0.89	0.89	0.99	0.95	0.98	0.96	0.92		VTWV
	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV

Click cells to compare fundamentals

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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
DISV	0.59	(0.04)	0.00	(0.04)	0.00	0.00	1.26	(1.69)	3.82
VB	0.78	0.04	0.00	0.16	1.00	(0.78)	1.60	(1.19)	8.20
MMSC	1.06	0.02	(0.01)	0.10	1.49	(1.04)	1.98	(2.04)	9.10
VIOG	0.90	0.01	(0.02)	0.08	1.09	(0.95)	1.72	(1.56)	10.01
VIOV	0.87	0.03	0.00	0.14	1.09	(0.92)	1.86	(1.61)	10.37
VIOO	0.85	0.02	(0.01)	0.11	1.06	(0.87)	1.76	(1.50)	10.04
DWAS	1.27	(0.04)	(0.04)	0.01	1.72	(1.29)	2.79	(2.45)	10.74
VTWG	1.03	0.03	0.00	0.13	1.27	(1.11)	1.97	(1.93)	9.83
VTWV	0.88	(0.02)	(0.04)	0.04	1.17	(0.91)	1.75	(1.40)	10.74

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