Global X Correlations

SPFF Etf

USD 9.78 0.04 0.41%

The current 90-days correlation between Global X SuperIncome and Freedom Day Dividend is 0.34 (i.e., Weak diversification). The correlation of Global X 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.

Global X Correlation With Market

Modest diversification

The correlation between Global X SuperIncome and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X SuperIncome 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 Global X SuperIncome. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Global Etf

0.9	PFF	iShares Preferred	Pair Corr
0.88	FPE	First Trust Preferred	Pair Corr
0.63	PGX	Invesco Preferred ETF	Pair Corr
0.84	PFFD	Global X Preferred	Pair Corr
0.85	VRP	Invesco Variable Rate	Pair Corr
0.94	PFXF	VanEck Preferred Sec	Pair Corr
0.88	FPEI	First Trust Institutional	Pair Corr
0.94	PFFA	Virtus InfraCap Preferred	Pair Corr
0.74	UPRO	ProShares UltraPro SP500	Pair Corr
0.73	QTJA	Innovator ETFs Trust	Pair Corr
0.72	QTAP	Innovator Growth 100	Pair Corr
0.71	XTJA	Innovator ETFs Trust	Pair Corr
0.68	XDJA	Innovator ETFs Trust	Pair Corr
0.72	XTAP	Innovator Equity Acc	Pair Corr
0.81	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.82	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.65	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Global Etf

0.48	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.42	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.33	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI
MBOX		0.24	0.29	-0.56	0.67	0.83	0.03	0.84	-0.34	MBOX
DIEM	0.24		0.81	-0.33	0.0	0.33	0.48	0.16	0.33	DIEM
MCHI	0.29	0.81		-0.59	0.28	0.54	0.02	0.37	-0.13	MCHI
DIPS	-0.56	-0.33	-0.59		-0.75	-0.85	0.39	-0.78	0.68	DIPS
DISO	0.67	0.0	0.28	-0.75		0.82	-0.57	0.87	-0.8	DISO
DIVB	0.83	0.33	0.54	-0.85	0.82		-0.22	0.96	-0.63	DIVB
DIVD	0.03	0.48	0.02	0.39	-0.57	-0.22		-0.31	0.86	DIVD
DIVG	0.84	0.16	0.37	-0.78	0.87	0.96	-0.31		-0.7	DIVG
DIVI	-0.34	0.33	-0.13	0.68	-0.8	-0.63	0.86	-0.7		DIVI
	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DIVG	+ 0.96	DIVB
DIVG	+ 0.87	DISO
DIVI	+ 0.86	DIVD
DIVG	+ 0.84	MBOX
DIVB	+ 0.83	MBOX
DIVB	+ 0.82	DISO

High negative correlations

DIVB	- 0.85	DIPS
DIVI	- 0.8	DISO
DIVG	- 0.78	DIPS
DISO	- 0.75	DIPS
DIVI	- 0.7	DIVG
DIVI	- 0.63	DIVB

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
MBOX	0.60	(0.05)	(0.08)	0.06	0.63	(0.71)	1.25	(1.29)	3.49
DIEM	0.84	(0.05)	0.00	(0.03)	0.00	0.00	1.97	(2.01)	7.08
MCHI	1.91	0.26	0.03	(0.29)	2.53	(2.15)	5.40	(3.25)	19.77
DIPS	1.55	(0.08)	0.00	0.23	0.00	0.00	2.54	(3.20)	13.88
DISO	0.83	0.21	0.13	0.67	0.72	(0.98)	1.67	(1.33)	7.68
DIVB	0.53	0.01	(0.02)	0.13	0.32	(0.67)	1.04	(0.81)	3.81
DIVD	0.49	(0.09)	0.00	(0.06)	0.00	0.00	0.91	(0.98)	2.20
DIVG	0.48	0.03	(0.03)	0.16	0.40	(0.52)	1.10	(0.86)	3.07
DIVI	0.63	(0.16)	0.00	(0.32)	0.00	0.00	1.02	(1.58)	3.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC