Pacer Benchmark Correlations

SRVR Etf

USD 33.28 0.01 0.03%

The current 90-days correlation between Pacer Benchmark Data and First Trust Exchange Traded is 0.46 (i.e., Very weak diversification). The correlation of Pacer Benchmark 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.

Pacer Benchmark Correlation With Market

Poor diversification

The correlation between Pacer Benchmark Data and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Benchmark Data and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pacer Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pacer Benchmark Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Pacer Etf

0.89	VNQ	Vanguard Real Estate	Pair Corr
0.89	XLRE	Real Estate	Pair Corr
0.89	IYR	iShares Real Estate	Pair Corr
0.88	ICF	iShares Cohen Steers Low Volatility	Pair Corr
0.88	USRT	iShares Core REIT	Pair Corr
0.87	IRET	iREIT MarketVector	Pair Corr
0.85	RWR	SPDR Dow Jones	Pair Corr
0.85	MUU	Direxion Daily MU	Pair Corr
0.85	MULL	GraniteShares 2x Long	Pair Corr
0.95	KORU	Direxion Daily South	Pair Corr
0.69	GDXU	MicroSectors Gold Miners	Pair Corr
0.72	JNUG	Direxion Daily Junior	Pair Corr
0.78	FNGD	MicroSectors FANG Index	Pair Corr
0.77	NUGT	Direxion Daily Gold	Pair Corr
0.87	BWET	ETF Managers Group	Pair Corr
0.77	SHNY	Microsectors Gold	Pair Corr
0.91	CCNR	CoreCommodity Natural	Pair Corr
0.83	QLV	FlexShares Quality Low	Pair Corr
0.85	REGL	ProShares SP MidCap	Pair Corr
0.68	TERG	Leverage Shares 2X Downward Rally	Pair Corr
0.85	EURL	Direxion Daily FTSE	Pair Corr
0.79	IQSZ	Invesco Actively Managed	Pair Corr
0.61	FXC	Invesco CurrencyShares	Pair Corr
0.89	NBCE	Neuberger Berman ETF	Pair Corr
0.81	DFSD	Dimensional ETF Trust	Pair Corr
0.91	FNDC	Schwab Fundamental	Pair Corr
0.82	FPXE	First Trust IPOX	Pair Corr
0.71	UMAY	Innovator ETFs Trust	Pair Corr
0.65	JANW	AIM ETF Products	Pair Corr
0.77	PFFA	Virtus InfraCap Preferred	Pair Corr
0.84	IAUM	iShares Gold Trust	Pair Corr
0.79	SPVM	Invesco SP 500	Pair Corr
0.65	SIXJ	AIM ETF Products	Pair Corr
0.91	FIDU	Fidelity MSCI Industrials	Pair Corr
0.83	NCPB	Nuveen Core Plus	Pair Corr

Related Correlations Analysis

	JPRE	NUMG	CAOS	GVIP	AFLG	AMZA	DFVX	BITQ	QMAR	GMAR
JPRE		-0.69	0.61	0.33	0.6	0.86	0.62	-0.34	0.41	0.52	JPRE
NUMG	-0.69		-0.51	0.13	-0.19	-0.7	-0.28	0.65	0.03	-0.13	NUMG
CAOS	0.61	-0.51		0.34	0.44	0.71	0.53	-0.13	0.34	0.39	CAOS
GVIP	0.33	0.13	0.34		0.9	0.51	0.87	0.25	0.9	0.89	GVIP
AFLG	0.6	-0.19	0.44	0.9		0.74	0.98	-0.01	0.9	0.95	AFLG
AMZA	0.86	-0.7	0.71	0.51	0.74		0.8	-0.35	0.6	0.69	AMZA
DFVX	0.62	-0.28	0.53	0.87	0.98	0.8		-0.12	0.92	0.97	DFVX
BITQ	-0.34	0.65	-0.13	0.25	-0.01	-0.35	-0.12		-0.02	-0.11	BITQ
QMAR	0.41	0.03	0.34	0.9	0.9	0.6	0.92	-0.02		0.96	QMAR
GMAR	0.52	-0.13	0.39	0.89	0.95	0.69	0.97	-0.11	0.96		GMAR
	JPRE	NUMG	CAOS	GVIP	AFLG	AMZA	DFVX	BITQ	QMAR	GMAR

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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

DFVX	+ 0.98	AFLG
GMAR	+ 0.97	DFVX
GMAR	+ 0.96	QMAR
GMAR	+ 0.95	AFLG
QMAR	+ 0.92	DFVX
AFLG	+ 0.9	GVIP

High negative correlations

AMZA	- 0.7	NUMG
NUMG	- 0.69	JPRE
CAOS	- 0.51	NUMG
BITQ	- 0.35	AMZA
BITQ	- 0.34	JPRE
DFVX	- 0.28	NUMG

Pacer Benchmark Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Benchmark 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 Pacer Benchmark'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
JPRE	0.59	0.09	0.07	0.28	0.73	(0.59)	1.33	(1.25)	3.11
NUMG	0.95	(0.15)	0.00	4.25	0.00	0.00	1.74	(2.41)	5.52
CAOS	0.07	(0.01)	0.00	0.49	0.00	0.00	0.17	(0.18)	0.45
GVIP	0.89	(0.02)	(0.02)	0.02	1.24	(0.87)	1.87	(1.78)	5.89
AFLG	0.54	0.01	0.00	0.06	0.72	(0.54)	1.19	(1.38)	3.77
AMZA	0.90	0.20	0.15	1.17	0.90	(0.98)	2.23	(1.60)	4.99
DFVX	0.53	0.04	0.04	0.10	0.60	(0.55)	1.18	(1.25)	3.04
BITQ	3.32	(0.41)	0.00	(0.12)	0.00	0.00	7.21	(6.45)	21.38
QMAR	0.19	0.02	(0.07)	1.23	0.23	(0.20)	0.40	(0.48)	1.60
GMAR	0.13	0.01	(0.13)	0.11	0.00	(0.13)	0.30	(0.34)	0.89

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