Global X Correlations

VPN Etf

USD 23.84 0.10 0.42%

The current 90-days correlation between Global X Data and Invesco Bloomberg MVP is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global X moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global X Data moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global X Correlation With Market

Very poor diversification

The correlation between Global X Data 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 Global X Data and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Global X 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 employment.

Moving together with Global Etf

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

Moving against Global Etf

0.36

HHH

Howard Hughes Holdings Earnings Call This Week

Pair Corr

Related Correlations Analysis

	EBLU	IDME	RESP	RNEW	RUFF	ISDX	ABLD	MJUS	TDSD	BMVP
EBLU		0.93	0.0	0.0	0.0	0.0	0.97	-0.6	0.0	0.96	EBLU
IDME	0.93		0.0	0.0	0.0	0.0	0.96	-0.73	0.0	0.95	IDME
RESP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RESP
RNEW	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RNEW
RUFF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RUFF
ISDX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ISDX
ABLD	0.97	0.96	0.0	0.0	0.0	0.0		-0.65	0.0	0.97	ABLD
MJUS	-0.6	-0.73	0.0	0.0	0.0	0.0	-0.65		0.0	-0.72	MJUS
TDSD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TDSD
BMVP	0.96	0.95	0.0	0.0	0.0	0.0	0.97	-0.72	0.0		BMVP
	EBLU	IDME	RESP	RNEW	RUFF	ISDX	ABLD	MJUS	TDSD	BMVP

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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

ABLD	+ 0.97	EBLU
BMVP	+ 0.97	ABLD
BMVP	+ 0.96	EBLU
ABLD	+ 0.96	IDME
BMVP	+ 0.95	IDME
IDME	+ 0.93	EBLU

High negative correlations

MJUS	- 0.73	IDME
BMVP	- 0.72	MJUS
MJUS	- 0.65	ABLD
MJUS	- 0.6	EBLU
BMVP	- 0.0	TDSD
TDSD	- 0.0	MJUS

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
EBLU	0.69	0.06	0.06	0.12	0.67	(0.76)	1.78	(1.34)	4.11
IDME	0.58	0.12	0.13	0.26	0.53	(0.67)	1.53	(1.20)	3.74
RESP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNEW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RUFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABLD	0.75	0.16	0.14	0.25	0.79	(0.86)	1.79	(1.46)	5.91
MJUS	3.08	(0.93)	0.00	1.24	0.00	0.00	5.71	(5.31)	30.14
TDSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BMVP	0.53	0.07	0.07	0.16	0.55	(0.56)	1.29	(0.98)	3.43

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