USCF Sustainable Correlations
| ZSB Etf | 13.75 0.02 0.15% |
The current 90-days correlation between USCF Sustainable Battery and BondBloxx ETF Trust is 0.17 (i.e., Average diversification). The correlation of USCF Sustainable 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.
USCF Sustainable Correlation With Market
Significant diversification
The correlation between USCF Sustainable Battery and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USCF Sustainable Battery and DJI in the same portfolio, assuming nothing else is changed.
USCF |
Moving together with USCF Etf
| 0.72 | GLD | SPDR Gold Shares | PairCorr |
| 0.72 | IAU | iShares Gold Trust | PairCorr |
| 0.72 | SLV | iShares Silver Trust Potential Growth | PairCorr |
| 0.72 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.72 | SGOL | abrdn Physical Gold | PairCorr |
| 0.72 | GLTR | abrdn Physical Precious | PairCorr |
| 0.72 | SIVR | abrdn Physical Silver | PairCorr |
| 0.72 | IAUM | iShares Gold Trust | PairCorr |
| 0.7 | USD | ProShares Ultra Semi | PairCorr |
| 0.71 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.77 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.61 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.65 | HD | Home Depot Sell-off Trend | PairCorr |
Moving against USCF Etf
Related Correlations Analysis
| 0.4 | 0.29 | 0.58 | -0.02 | XBB | ||
| 0.4 | 0.38 | 0.79 | -0.44 | BITC | ||
| 0.29 | 0.38 | 0.69 | -0.71 | SETM | ||
| 0.58 | 0.79 | 0.69 | -0.54 | WOMN | ||
| -0.02 | -0.44 | -0.71 | -0.54 | SESG | ||
| 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
| High negative correlations
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USCF Sustainable Constituents Risk-Adjusted Indicators
There is a big difference between USCF Etf performing well and USCF Sustainable 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 USCF Sustainable'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XBB | 0.21 | 0.00 | (0.36) | 0.11 | 0.22 | 0.50 | 0.99 | |||
| BITC | 2.59 | 0.48 | 0.23 | 0.35 | 2.08 | 6.19 | 18.22 | |||
| SETM | 1.68 | 0.01 | 0.00 | 0.13 | 1.91 | 4.53 | 9.96 | |||
| WOMN | 0.52 | 0.00 | (0.04) | 0.12 | 0.51 | 0.98 | 3.49 | |||
| SESG | 0.53 | (0.04) | 0.00 | (2.39) | 0.00 | 1.15 | 3.39 |