Materials Select Correlations

XLB Etf

USD 52.76 0.26 0.49%

The current 90-days correlation between Materials Select Sector and iShares SP Small Cap is 0.66 (i.e., Poor diversification). The correlation of Materials Select 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.

Materials Select Correlation With Market

Very poor diversification

The correlation between Materials Select Sector and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Materials Select Sector and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Materials Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Materials Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Materials Etf

0.99	VAW	Vanguard Materials Index	Pair Corr
0.88	XME	SPDR SP Metals	Pair Corr
0.69	PHO	Invesco Water Resources	Pair Corr
0.98	MOO	VanEck Agribusiness ETF	Pair Corr
0.99	FXZ	First Trust Materials	Pair Corr
0.79	FIW	First Trust Water Potential Growth	Pair Corr
0.87	URNM	Sprott Uranium Miners	Pair Corr
0.99	IYM	iShares Basic Materials	Pair Corr
0.84	ITWO	Proshares Russell 2000	Pair Corr
0.75	AMPD	Tidal ETF Services	Pair Corr
0.84	ELON	Battleshares TSLA	Pair Corr
0.88	CPST	Calamos ETF Trust	Pair Corr
0.96	VGUS	Vanguard Ultra Short	Pair Corr
0.95	IRTR	iShares Trust	Pair Corr
0.72	TERG	Leverage Shares 2X	Pair Corr
0.87	UMAY	Innovator ETFs Trust	Pair Corr
0.95	EMES	Harbor ETF Trust	Pair Corr
0.98	SCDV	ETF Series Solutions	Pair Corr
0.97	JEPI	JPMorgan Equity Premium	Pair Corr
0.74	FXC	Invesco CurrencyShares	Pair Corr
0.85	CTEX	ProShares SP Kensho	Pair Corr
0.97	PCEM	Litman Gregory Funds	Pair Corr
0.93	FPXE	First Trust IPOX	Pair Corr
0.82	XAUG	FT Cboe Vest	Pair Corr
0.97	REGL	ProShares SP MidCap	Pair Corr
0.88	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.94	NBCE	Neuberger Berman ETF	Pair Corr
0.82	JANW	AIM ETF Products	Pair Corr
0.95	CHPS	Xtrackers Semiconductor	Pair Corr
0.91	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.95	UDI	USCF ETF Trust	Pair Corr
0.9	XFIX	Fm Investments Symbol Change	Pair Corr
0.92	IQSZ	Invesco Actively Managed	Pair Corr
0.93	QLV	FlexShares Quality Low	Pair Corr

Moving against Materials Etf

0.76	MPAY	Exchange Traded Concepts	Pair Corr
0.67	EV	NEOS Investment Mana	Pair Corr

Related Correlations Analysis

	VOX	IJT	FPE	IBB	VOOV	HIDE	AIQ	BBUS	THRO	SPXL
VOX		0.64	0.54	0.64	0.61	0.34	0.76	0.88	0.86	0.86	VOX
IJT	0.64		0.89	0.77	0.94	0.8	0.46	0.76	0.56	0.68	IJT
FPE	0.54	0.89		0.63	0.93	0.89	0.41	0.67	0.45	0.58	FPE
IBB	0.64	0.77	0.63		0.69	0.65	0.46	0.68	0.58	0.63	IBB
VOOV	0.61	0.94	0.93	0.69		0.84	0.42	0.76	0.54	0.68	VOOV
HIDE	0.34	0.8	0.89	0.65	0.84		0.21	0.48	0.25	0.39	HIDE
AIQ	0.76	0.46	0.41	0.46	0.42	0.21		0.85	0.92	0.88	AIQ
BBUS	0.88	0.76	0.67	0.68	0.76	0.48	0.85		0.95	0.99	BBUS
THRO	0.86	0.56	0.45	0.58	0.54	0.25	0.92	0.95		0.98	THRO
SPXL	0.86	0.68	0.58	0.63	0.68	0.39	0.88	0.99	0.98		SPXL
	VOX	IJT	FPE	IBB	VOOV	HIDE	AIQ	BBUS	THRO	SPXL

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

Materials Select Constituents Risk-Adjusted Indicators

There is a big difference between Materials Etf performing well and Materials Select 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 Materials Select'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
VOX	0.69	0.00	(0.02)	0.04	0.77	(0.82)	1.90	(1.56)	4.81
IJT	0.80	0.08	0.09	0.10	0.79	(0.93)	2.30	(1.63)	4.91
FPE	0.12	0.02	(0.09)	1.21	0.00	(0.14)	0.33	(0.28)	0.71
IBB	0.96	0.06	0.05	0.13	1.01	(1.09)	2.41	(1.68)	5.75
VOOV	0.51	0.03	0.04	0.08	0.53	(0.57)	1.01	(1.11)	3.07
HIDE	0.25	0.04	0.02	0.48	0.28	(0.27)	0.60	(0.53)	2.12
AIQ	1.05	(0.10)	0.00	(0.05)	0.00	0.00	1.87	(2.66)	6.43
BBUS	0.56	(0.03)	(0.05)	0.00	0.81	(0.55)	0.99	(1.52)	3.60
THRO	0.64	(0.05)	0.00	(0.03)	0.00	0.00	0.98	(1.60)	4.03
SPXL	1.65	(0.10)	0.00	0.00	0.00	0.00	2.93	(4.61)	10.50

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