Goldman Sachs Correlations

GSSC Etf

USD 72.73 1.78 2.39%

The current 90-days correlation between Goldman Sachs ActiveBeta and John Hancock Multifactor is 0.61 (i.e., Poor diversification). The correlation of Goldman Sachs 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.

Goldman Sachs Correlation With Market

Very poor diversification

The correlation between Goldman Sachs ActiveBeta and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs ActiveBeta and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Goldman Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs ActiveBeta. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Goldman Etf

0.97	VB	Vanguard Small Cap	Pair Corr
0.95	IJR	iShares Core SP	Pair Corr
0.87	IWM	iShares Russell 2000	Pair Corr
0.87	VRTIX	Vanguard Russell 2000	Pair Corr
0.87	VTWO	Vanguard Russell 2000	Pair Corr
0.85	FNDA	Schwab Fundamental Small	Pair Corr
0.95	SPSM	SPDR Portfolio SP	Pair Corr
0.95	DFAS	Dimensional Small Cap	Pair Corr
0.95	VIOO	Vanguard SP Small	Pair Corr
0.98	PRFZ	Invesco FTSE RAFI	Pair Corr
0.64	SGDJ	Sprott Junior Gold	Pair Corr
0.66	RVNU	Xtrackers Municipal	Pair Corr
0.65	BAC	Bank of America	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Goldman Etf

0.81	VIXY	ProShares VIX Short Buyout Trend	Pair Corr
0.31	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	JHEM	JHMD	EWX	EQAL	DBEU	FDT	OSCV	TPYP	HEZU	OAKM
JHEM		0.81	0.71	0.65	0.86	0.97	-0.41	-0.15	0.87	0.51	JHEM
JHMD	0.81		0.62	0.54	0.77	0.8	-0.31	-0.11	0.78	0.47	JHMD
EWX	0.71	0.62		0.75	0.42	0.73	0.14	0.15	0.41	0.73	EWX
EQAL	0.65	0.54	0.75		0.53	0.64	0.32	0.33	0.52	0.74	EQAL
DBEU	0.86	0.77	0.42	0.53		0.83	-0.52	-0.23	0.98	0.27	DBEU
FDT	0.97	0.8	0.73	0.64	0.83		-0.35	-0.09	0.83	0.5	FDT
OSCV	-0.41	-0.31	0.14	0.32	-0.52	-0.35		0.55	-0.52	0.43	OSCV
TPYP	-0.15	-0.11	0.15	0.33	-0.23	-0.09	0.55		-0.18	0.28	TPYP
HEZU	0.87	0.78	0.41	0.52	0.98	0.83	-0.52	-0.18		0.28	HEZU
OAKM	0.51	0.47	0.73	0.74	0.27	0.5	0.43	0.28	0.28		OAKM
	JHEM	JHMD	EWX	EQAL	DBEU	FDT	OSCV	TPYP	HEZU	OAKM

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

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

HEZU	+ 0.98	DBEU
FDT	+ 0.97	JHEM
HEZU	+ 0.87	JHEM
DBEU	+ 0.86	JHEM
FDT	+ 0.83	DBEU
HEZU	+ 0.83	FDT

High negative correlations

HEZU	- 0.52	OSCV
OSCV	- 0.52	DBEU
OSCV	- 0.41	JHEM
OSCV	- 0.35	FDT
OSCV	- 0.31	JHMD
TPYP	- 0.23	DBEU

Goldman Sachs Constituents Risk-Adjusted Indicators

There is a big difference between Goldman Etf performing well and Goldman Sachs 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 Goldman Sachs' 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
JHEM	0.67	0.05	0.03	0.17	0.81	(0.73)	1.70	(1.14)	4.99
JHMD	0.52	0.08	(0.06)	(1.16)	0.56	(0.56)	0.99	(0.89)	3.36
EWX	0.56	(0.01)	(0.09)	0.09	0.61	(0.66)	1.44	(0.95)	4.06
EQAL	0.55	(0.06)	(0.08)	0.05	0.63	(0.58)	1.38	(0.99)	4.78
DBEU	0.43	0.04	(0.02)	0.19	0.30	(0.49)	0.88	(0.84)	2.41
FDT	0.59	0.02	(0.01)	0.15	0.71	(0.59)	1.36	(1.10)	4.33
OSCV	0.63	(0.13)	0.00	(0.01)	0.00	0.00	1.42	(1.03)	4.86
TPYP	0.56	(0.02)	(0.12)	0.05	0.76	(0.51)	0.97	(1.16)	3.31
HEZU	0.51	0.02	(0.02)	0.15	0.46	(0.56)	1.17	(0.93)	3.18
OAKM	0.57	(0.07)	(0.08)	0.05	0.66	(0.69)	1.41	(0.94)	4.81

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

2025 Macroaxis LLC