Correlation Between UBS ETF and UBS Fund
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By analyzing existing cross correlation between UBS ETF SICAV and UBS Fund Solutions, you can compare the effects of market volatilities on UBS ETF and UBS Fund and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in UBS ETF with a short position of UBS Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS ETF and UBS Fund.
Diversification Opportunities for UBS ETF and UBS Fund
Weak diversification
The 3 months correlation between UBS and UBS is 0.34. Overlapping area represents the amount of risk that can be diversified away by holding UBS ETF SICAV and UBS Fund Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UBS Fund Solutions and UBS ETF is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on UBS ETF SICAV are associated (or correlated) with UBS Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UBS Fund Solutions has no effect on the direction of UBS ETF i.e., UBS ETF and UBS Fund go up and down completely randomly.
Pair Corralation between UBS ETF and UBS Fund
Assuming the 90 days trading horizon UBS ETF SICAV is expected to generate 4.44 times more return on investment than UBS Fund. However, UBS ETF is 4.44 times more volatile than UBS Fund Solutions. It trades about 0.35 of its potential returns per unit of risk. UBS Fund Solutions is currently generating about 0.04 per unit of risk. If you would invest 8,263 in UBS ETF SICAV on October 21, 2024 and sell it today you would earn a total of 366.00 from holding UBS ETF SICAV or generate 4.43% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
UBS ETF SICAV vs. UBS Fund Solutions
Performance |
| Timeline |
| UBS ETF SICAV |
| UBS Fund Solutions |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
UBS ETF and UBS Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UBS ETF and UBS Fund
The main advantage of trading using opposite UBS ETF and UBS Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS ETF position performs unexpectedly, UBS Fund can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UBS Fund will offset losses from the drop in UBS Fund's long position.| UBS ETF vs. UBS Barclays Liquid | UBS ETF vs. UBS ETF Public | UBS ETF vs. UBS Fund Solutions | UBS ETF vs. UBS plc |
| UBS Fund vs. UBS Barclays Liquid | UBS Fund vs. UBS ETF Public | UBS Fund vs. UBS ETF SICAV | UBS Fund vs. UBS Fund Solutions |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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