USCF Gold Correlations

USG Etf

USD 42.53 2.42 6.03%

The current 90-days correlation between USCF Gold Strategy and Fidelity Fund Fidelity is 0.08 (i.e., Significant diversification). The correlation of USCF Gold 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.

USCF Gold Correlation With Market

Very poor diversification

The correlation between USCF Gold Strategy and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USCF Gold Strategy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with USCF Etf

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

Moving together with USCF Etf

0.97	GLD	SPDR Gold Shares Aggressive Push	Pair Corr
0.97	IAU	iShares Gold Trust	Pair Corr
0.96	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.99	GLDM	SPDR Gold Mini	Pair Corr
0.99	SGOL	abrdn Physical Gold	Pair Corr
0.98	GLTR	abrdn Physical Precious	Pair Corr
0.96	SIVR	abrdn Physical Silver	Pair Corr
0.99	IAUM	iShares Gold Trust	Pair Corr
0.85	SIXD	AIM ETF Products	Pair Corr
0.89	HYFI	AB Active ETFs	Pair Corr
0.77	VHT	Vanguard Health Care	Pair Corr
0.73	EMCS	Xtrackers MSCI Emerging	Pair Corr
0.73	RETL	Direxion Daily Retail	Pair Corr
0.87	GSIG	Goldman Sachs Access	Pair Corr
0.86	MDYG	SPDR SP 400	Pair Corr
0.85	GSJY	Goldman Sachs ActiveBeta	Pair Corr
0.8	FYEE	Fidelity Yield Enhanced	Pair Corr
0.95	METL	Sprott Active Metals	Pair Corr
0.88	JPSE	JPMorgan Diversified	Pair Corr
0.78	FLAO	AIM ETF Products	Pair Corr
0.88	FDM	First Trust Dow	Pair Corr
0.91	WSML	iShares MSCI World	Pair Corr
0.77	PCEF	Invesco CEF Income	Pair Corr
0.91	FKU	First Trust United	Pair Corr
0.85	GJAN	First Trust Exchange	Pair Corr
0.69	MSMR	ETF Series Solutions	Pair Corr
0.76	COMT	iShares GSCI Commodity	Pair Corr
0.83	UJUL	Innovator SP 500	Pair Corr

Moving against USCF Etf

0.8	VXX	iPath Series B	Pair Corr
0.8	VIXY	ProShares VIX Short	Pair Corr
0.79	VIXM	ProShares VIX Mid	Pair Corr
0.63	YCL	ProShares Ultra Yen	Pair Corr
0.79	VXZ	iPath Series B	Pair Corr
0.69	FXY	Invesco CurrencyShares	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.54	0.3	-0.12	-0.03	-0.16	0.54	0.02	-0.28	-0.24	META
MSFT	0.54		0.78	-0.54	0.48	0.28	0.33	-0.19	-0.85	-0.7	MSFT
UBER	0.3	0.78		-0.45	0.42	0.48	0.03	-0.32	-0.8	-0.51	UBER
F	-0.12	-0.54	-0.45		-0.6	-0.19	0.09	0.52	0.67	0.59	F
T	-0.03	0.48	0.42	-0.6		0.62	-0.15	-0.28	-0.47	-0.66	T
A	-0.16	0.28	0.48	-0.19	0.62		-0.24	-0.16	-0.3	-0.46	A
CRM	0.54	0.33	0.03	0.09	-0.15	-0.24		0.61	-0.11	-0.38	CRM
JPM	0.02	-0.19	-0.32	0.52	-0.28	-0.16	0.61		0.41	0.02	JPM
MRK	-0.28	-0.85	-0.8	0.67	-0.47	-0.3	-0.11	0.41		0.71	MRK
XOM	-0.24	-0.7	-0.51	0.59	-0.66	-0.46	-0.38	0.02	0.71		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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

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

UBER	+ 0.78	MSFT
XOM	+ 0.71	MRK
MRK	+ 0.67	F
A	+ 0.62	T
JPM	+ 0.61	CRM
XOM	+ 0.59	F

High negative correlations

MRK	- 0.85	MSFT
MRK	- 0.8	UBER
XOM	- 0.7	MSFT
XOM	- 0.66	T
T	- 0.6	F
F	- 0.54	MSFT

USCF Gold Competition Risk-Adjusted Indicators

There is a big difference between USCF Etf performing well and USCF Gold 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 USCF Gold'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
META	1.44	(0.12)	0.00	(1.43)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.05	(0.13)	0.00	0.63	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.23)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.47	0.11	0.09	0.15	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.17)	0.00	(0.41)	0.00	0.00	1.53	(1.85)	4.30
A	1.19	(0.19)	0.00	(0.08)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.43	(0.23)	0.00	(0.16)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.11	(0.06)	(0.02)	0.03	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.28	0.19	0.47	1.13	(1.50)	3.59	(1.98)	8.09
XOM	1.07	0.27	0.17	4.15	0.96	(1.25)	2.38	(1.51)	5.82

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