UBS ETF Correlations

WOPA Etf

26.11 0.15 0.57%

The current 90-days correlation between UBS ETF plc and UBSFund Solutions MSCI is -0.14 (i.e., Good diversification). The correlation of UBS ETF 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.

UBS ETF Correlation With Market

Very poor diversification

The correlation between UBS ETF plc and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS ETF plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to UBS ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UBS ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UBS ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UBS ETF plc to buy it.

Moving together with UBS Etf

0.92	SWDA	iShares Core MSCI	Pair Corr
0.93	MXWO	Invesco MSCI World	Pair Corr
0.73	LYWLD	Lyxor MSCI World	Pair Corr
0.95	IWQU	iShares Edge MSCI	Pair Corr
0.87	GDXJ	VanEck Junior Gold	Pair Corr
0.91	ESGO	AuAg Gold Mining	Pair Corr
0.89	AUCO	LG Gold Mining	Pair Corr
0.96	HKOR	HSBC MSCI KOREA	Pair Corr
0.93	IKOR	iShares MSCI Korea	Pair Corr
0.86	GGMUSY	UBS ETF plc	Pair Corr
0.89	IAUP	iShares Gold Producers	Pair Corr
0.88	GDX	VanEck Gold Miners	Pair Corr
0.84	SVUSA	UBS ETF Silver	Pair Corr
0.85	XSMI	Xtrackers Switzerland	Pair Corr
0.83	HMEU	HSBC MSCI Europe	Pair Corr
0.92	LYMEU	Lyxor MSCI Europe	Pair Corr
0.85	VJPN	Vanguard FTSE Japan	Pair Corr
0.93	HMXJ	HSBC MSCI Pacific	Pair Corr
0.97	PSRW	Invesco FTSE RAFI	Pair Corr
0.9	IJPN	iShares MSCI Japan	Pair Corr
0.95	SXXEEX	iShares EURO STOXX	Pair Corr
0.92	JPNUKD	UBSFund Solutions MSCI	Pair Corr
0.73	IUSE	iShares SP 500	Pair Corr
0.85	JPNC	Lyxor Japan UCITS	Pair Corr
0.89	SMHV	VanEck Semiconductor	Pair Corr
0.96	XLIS	Invesco Industrials	Pair Corr
0.79	RBOT	iShares Automation	Pair Corr
0.88	SW2CHB	UBSFund Solutions MSCI	Pair Corr
0.79	USGBPA	UBS ETF plc	Pair Corr
0.84	ZSILHC	ZKB Silver ETF	Pair Corr
0.96	SXLI	SPDR SP Industrials	Pair Corr
0.67	HPAW	HSBC MSCI WORLD	Pair Corr

Moving against UBS Etf

0.78	XRPL	CoinShares Physical XRP	Pair Corr
0.39	MVOL	iShares Edge MSCI	Pair Corr

Related Correlations Analysis

	SWDA	VWRL	MXWO	VEVE	LYWLD	IWQU	WRDUSA	WSRUSA
SWDA		0.75	0.98	0.7	0.73	0.98	0.01	0.48	SWDA
VWRL	0.75		0.71	0.98	0.48	0.68	0.01	0.84	VWRL
MXWO	0.98	0.71		0.67	0.69	0.98	0.04	0.46	MXWO
VEVE	0.7	0.98	0.67		0.44	0.63	0.01	0.87	VEVE
LYWLD	0.73	0.48	0.69	0.44		0.75	-0.1	0.32	LYWLD
IWQU	0.98	0.68	0.98	0.63	0.75		-0.02	0.39	IWQU
WRDUSA	0.01	0.01	0.04	0.01	-0.1	-0.02		0.13	WRDUSA
WSRUSA	0.48	0.84	0.46	0.87	0.32	0.39	0.13		WSRUSA
	SWDA	VWRL	MXWO	VEVE	LYWLD	IWQU	WRDUSA	WSRUSA

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

MXWO	+ 0.98	SWDA
IWQU	+ 0.98	SWDA
VEVE	+ 0.98	VWRL
IWQU	+ 0.98	MXWO
WSRUSA	+ 0.87	VEVE
WSRUSA	+ 0.84	VWRL

High negative correlations

WRDUSA	- 0.1	LYWLD
WRDUSA	- 0.02	IWQU

UBS ETF Constituents Risk-Adjusted Indicators

There is a big difference between UBS Etf performing well and UBS ETF 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 UBS ETF'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
SWDA	0.53	0.06	0.01	0.39	0.54	(0.57)	1.14	(1.02)	3.30
VWRL	0.58	(0.02)	(0.07)	0.01	0.71	(0.61)	1.19	(1.30)	3.57
MXWO	0.56	0.04	(0.02)	0.73	0.78	(0.58)	1.17	(1.37)	4.11
VEVE	0.69	(0.03)	(0.07)	(0.01)	0.93	(0.68)	1.58	(1.48)	4.06
LYWLD	0.16	0.06	0.00	(4.30)	0.00	0.00	0.00	0.00	1.89
IWQU	0.53	0.09	0.04	2.17	0.60	(0.56)	1.37	(1.20)	3.17
WRDUSA	4.26	0.09	0.00	0.73	8.63	(4.24)	24.90	(20.03)	50.19
WSRUSA	0.72	(0.05)	0.00	(0.08)	0.00	0.00	1.53	(1.76)	4.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in UBS ETF without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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