Global X Correlations

XRMI Etf

USD 19.06 0.06 0.32%

The current 90-days correlation between Global X SP and Global X NASDAQ is 0.58 (i.e., Very weak diversification). The correlation of Global X 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.

Global X Correlation With Market

Poor diversification

The correlation between Global X SP and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X SP 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 Global X SP. 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 Global Etf

0.96	JEPI	JPMorgan Equity Premium	Pair Corr
0.99	XYLD	Global X SP	Pair Corr
0.95	DIVO	Amplify CWP Enhanced	Pair Corr
0.95	RYLD	Global X Russell	Pair Corr
0.98	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.96	NUSI	NEOS ETF Trust	Pair Corr
0.64	KNG	FT Cboe Vest	Pair Corr
0.85	SIXH	ETC 6 Meridian	Pair Corr
0.94	BUYW	Main Buywrite ETF	Pair Corr
0.91	DSJA	DSJA	Pair Corr
0.87	RSPY	Tuttle Capital Management	Pair Corr
0.86	MEME	Roundhill Investments	Pair Corr
0.81	ITDD	iShares Trust	Pair Corr
0.84	BTC	Grayscale Bitcoin Mini	Pair Corr
0.91	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.87	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.78	T	ATT Inc Aggressive Push	Pair Corr
0.8	DIS	Walt Disney	Pair Corr
0.95	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	HPQ	HP Inc	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Global Etf

0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	QRMI	XYLG	QYLG	XCLR	SVOL
QRMI		0.97	0.99	0.97	0.09	QRMI
XYLG	0.97		0.98	0.99	0.22	XYLG
QYLG	0.99	0.98		0.98	0.16	QYLG
XCLR	0.97	0.99	0.98		0.2	XCLR
SVOL	0.09	0.22	0.16	0.2		SVOL
	QRMI	XYLG	QYLG	XCLR	SVOL

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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
QRMI	0.29	0.02	(0.14)	0.20	0.33	(0.32)	0.55	(0.79)	2.45
XYLG	0.42	0.01	(0.05)	0.14	0.46	(0.42)	0.85	(1.15)	3.38
QYLG	0.57	0.00	(0.04)	0.12	0.80	(0.60)	1.26	(1.95)	4.08
XCLR	0.47	0.00	(0.05)	0.12	0.52	(0.51)	0.97	(1.12)	3.23
SVOL	0.53	(0.06)	(0.11)	0.03	0.85	(0.45)	1.16	(1.31)	3.00

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