Cabana Target Correlations

TDSC Etf

USD 25.39 0.11 0.44%

The current 90-days correlation between Cabana Target Drawdown and VanEck Low Carbon is 0.07 (i.e., Significant diversification). The correlation of Cabana Target 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.

Cabana Target Correlation With Market

Modest diversification

The correlation between Cabana Target Drawdown and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cabana Target Drawdown and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cabana Etf

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

Moving together with Cabana Etf

0.69	YYY	Amplify High Income	Pair Corr
0.8	FVC	First Trust Dorsey	Pair Corr
0.62	TDSB	Cabana Target Drawdown	Pair Corr
0.8	GMOM	Cambria Global Momentum	Pair Corr
0.65	TACK	Fairlead Tactical Sector	Pair Corr
0.67	DALI	First Trust Dorsey	Pair Corr
0.83	VTI	Vanguard Total Stock	Pair Corr
0.84	SPY	SPDR SP 500	Pair Corr
0.84	IVV	iShares Core SP	Pair Corr
0.8	VTV	Vanguard Value Index	Pair Corr
0.61	VUG	Vanguard Growth Index	Pair Corr
0.81	VEA	Vanguard FTSE Developed	Pair Corr
0.68	VB	Vanguard Small Cap	Pair Corr
0.64	MRK	Merck Company	Pair Corr
0.62	IBM	International Business	Pair Corr
0.71	AXP	American Express	Pair Corr

Moving against Cabana Etf

0.46	PG	Procter Gamble	Pair Corr
0.38	HPQ	HP Inc	Pair Corr
0.32	HD	Home Depot	Pair Corr
0.32	MSFT	Microsoft Sell-off Trend	Pair Corr

Related Correlations Analysis

	SMOG	BLES	HIDV	RFDI	CHGX	PSTP	VSMV	IOCT	EMMF	LEXI
SMOG		0.49	0.49	0.35	0.26	0.51	0.31	0.34	0.73	0.49	SMOG
BLES	0.49		0.91	0.81	0.31	0.83	0.9	0.83	0.74	0.8	BLES
HIDV	0.49	0.91		0.86	0.12	0.86	0.94	0.75	0.78	0.85	HIDV
RFDI	0.35	0.81	0.86		0.19	0.88	0.91	0.89	0.7	0.91	RFDI
CHGX	0.26	0.31	0.12	0.19		0.43	0.11	0.53	0.11	0.37	CHGX
PSTP	0.51	0.83	0.86	0.88	0.43		0.83	0.88	0.69	0.97	PSTP
VSMV	0.31	0.9	0.94	0.91	0.11	0.83		0.78	0.69	0.85	VSMV
IOCT	0.34	0.83	0.75	0.89	0.53	0.88	0.78		0.59	0.87	IOCT
EMMF	0.73	0.74	0.78	0.7	0.11	0.69	0.69	0.59		0.69	EMMF
LEXI	0.49	0.8	0.85	0.91	0.37	0.97	0.85	0.87	0.69		LEXI
	SMOG	BLES	HIDV	RFDI	CHGX	PSTP	VSMV	IOCT	EMMF	LEXI

Please upgrade your account to get full access to Macroaxis premium features

Cabana Target Constituents Risk-Adjusted Indicators

There is a big difference between Cabana Etf performing well and Cabana Target 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 Cabana Target'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
SMOG	0.96	(0.03)	(0.01)	0.05	1.20	(1.00)	1.90	(2.23)	6.18
BLES	0.55	(0.01)	(0.03)	0.06	0.69	(0.55)	1.15	(1.27)	2.74
HIDV	0.56	(0.02)	(0.03)	0.05	0.75	(0.54)	1.26	(1.19)	3.03
RFDI	0.53	0.09	0.04	0.54	0.56	(0.54)	1.15	(1.14)	2.82
CHGX	0.70	0.01	(0.06)	(0.27)	1.03	(0.62)	1.24	(1.61)	3.54
PSTP	0.29	0.01	(0.14)	0.15	0.35	(0.30)	0.58	(0.60)	1.83
VSMV	0.47	0.00	(0.03)	0.08	0.50	(0.51)	1.10	(0.91)	2.31
IOCT	0.31	0.02	(0.10)	0.23	0.33	(0.32)	0.65	(0.65)	1.43
EMMF	0.59	0.04	0.02	0.13	0.71	(0.64)	1.18	(1.11)	3.92
LEXI	0.49	0.04	(0.03)	0.35	0.62	(0.45)	1.01	(1.08)	2.83

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

2026 Macroaxis LLC