US Treasury Correlations

XBIL Etf   50.04  0.01  0.02%   
The current 90-days correlation between US Treasury 6 and Rbb Fund is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as US Treasury moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Treasury 6 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

US Treasury Correlation With Market

Good diversification

The correlation between US Treasury 6 and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Treasury 6 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in US Treasury 6. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with XBIL Etf

  0.92FTSM First Trust EnhancedPairCorr
  0.93FLRN SPDR Bloomberg InvestmentPairCorr
  0.75PFE Pfizer IncPairCorr

Moving against XBIL Etf

  0.59IGOV iShares InternationalPairCorr
  0.55VZ Verizon Communications Aggressive PushPairCorr
  0.54ISHG iShares 1 3PairCorr
  0.42WIP SPDR FTSE InternationalPairCorr
  0.38EU enCore Energy CorpPairCorr
  0.32PCY Invesco Emerging MarketsPairCorr
  0.63TRV The Travelers CompaniesPairCorr
  0.61HPQ HP IncPairCorr
  0.61AA Alcoa CorpPairCorr
  0.5XOM Exxon Mobil CorpPairCorr
  0.41MCD McDonaldsPairCorr
  0.4DIS Walt DisneyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
XOMF
AMETA
XOMUBER
JPMMETA
JPMA
TMETA
  
High negative correlations   
XOMMETA
MRKJPM
UBERMSFT
FMETA
CRMUBER
MRKMETA

US Treasury Competition Risk-Adjusted Indicators

There is a big difference between XBIL Etf performing well and US Treasury 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 US Treasury'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.32  0.31  0.18  0.77  1.17 
 3.43 
 7.43 
MSFT  1.02  0.03 (0.03) 0.25  1.63 
 2.20 
 10.31 
UBER  1.66 (0.03) 0.00 (0.35) 0.00 
 3.36 
 12.29 
F  1.46 (0.19) 0.00 (0.18) 0.00 
 2.57 
 9.39 
T  0.98  0.10  0.05  0.30  1.04 
 1.91 
 7.94 
A  1.22  0.15  0.08  0.37  1.12 
 2.92 
 8.06 
CRM  1.58  0.18  0.07  0.53  1.72 
 3.70 
 14.80 
JPM  1.02  0.32  0.21  1.00  0.92 
 1.97 
 15.87 
MRK  1.15 (0.23) 0.00 (0.87) 0.00 
 2.00 
 11.57 
XOM  0.89 (0.15) 0.00 (0.21) 0.00 
 1.71 
 6.06