Exchange Listed Correlations

Etfs . USA . 
Etf . Exchange Listed Funds
SSPY Etf  USD 80.95  0.28  0.34%   
The current 90-days correlation between Exchange Listed Funds and ProShares SP 500 is 0.7 (i.e., Poor 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

Poor diversification

The correlation between Exchange Listed Funds and DJI is 0.77 (i.e., 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 american community survey.

Moving together with Exchange Etf

  0.8VTV Vanguard Value IndexPairCorr
  0.8VYM Vanguard High DividendPairCorr
  0.84IWD iShares Russell 1000PairCorr
  0.8DGRO iShares Core DividendPairCorr
  0.84IVE iShares SP 500PairCorr
  0.87DVY iShares Select DividendPairCorr
  0.84SPYV SPDR Portfolio SPPairCorr
  0.84FVD First Trust ValuePairCorr
  0.85IUSV iShares Core SPPairCorr
  0.61NOBL ProShares SP 500PairCorr
  0.74SIXD AIM ETF ProductsPairCorr
  0.68CEFD ETRACS Monthly PayPairCorr
  0.64TSJA TSJAPairCorr
  0.63DSJA DSJAPairCorr
  0.77JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.69CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.64TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.8WMT WalmartPairCorr
  0.69T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr

Moving against Exchange Etf

  0.69ULE ProShares Ultra EuroPairCorr
  0.62VIIX VIIXPairCorr
  0.51PFFL ETRACS 2xMonthly PayPairCorr
  0.31YCL ProShares Ultra YenPairCorr
  0.66PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.6JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.54KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.41MRK Merck Company Fiscal Year End 6th of February 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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