Capital Group Correlations

CGGO Etf

USD 29.83 0.03 0.10%

The current 90-days correlation between Capital Group Global and Capital Group Growth is 0.85 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Capital Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Group Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Capital Group Correlation With Market

Poor diversification

The correlation between Capital Group Global and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capital Group Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Capital Etf

0.82	GSFP	Goldman Sachs Future	Pair Corr
0.74	GBUY	Goldman Sachs Future	Pair Corr
0.83	FDRV	Fidelity Covington Trust	Pair Corr
0.63	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.63	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.81	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.79	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.79	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.66	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.67	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	CGGR	CGDV	CGXU	CGUS	CGCP
CGGR		0.81	-0.23	0.97	-0.7	CGGR
CGDV	0.81		0.26	0.91	-0.41	CGDV
CGXU	-0.23	0.26		-0.06	0.45	CGXU
CGUS	0.97	0.91	-0.06		-0.63	CGUS
CGCP	-0.7	-0.41	0.45	-0.63		CGCP
	CGGR	CGDV	CGXU	CGUS	CGCP

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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

CGUS	+ 0.97	CGGR
CGUS	+ 0.91	CGDV
CGDV	+ 0.81	CGGR
CGCP	+ 0.45	CGXU
CGXU	+ 0.26	CGDV

High negative correlations

CGCP	- 0.7	CGGR
CGCP	- 0.63	CGUS
CGCP	- 0.41	CGDV
CGXU	- 0.23	CGGR
CGUS	- 0.06	CGXU

Capital Group Constituents Risk-Adjusted Indicators

There is a big difference between Capital Etf performing well and Capital Group 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 Capital Group'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
CGGR	0.70	0.05	0.04	0.17	0.84	(0.74)	1.57	(1.62)	4.83
CGDV	0.50	(0.03)	(0.08)	0.08	0.57	(0.54)	1.11	(0.91)	3.27
CGXU	0.73	(0.14)	0.00	(0.10)	0.00	0.00	1.42	(1.66)	4.53
CGUS	0.52	(0.01)	(0.04)	0.11	0.73	(0.52)	1.03	(1.53)	4.04
CGCP	0.21	(0.02)	0.00	2.05	0.00	0.00	0.52	(0.49)	1.23

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