VanEck Preferred Correlations

PFXF Etf

USD 17.53 0.07 0.40%

The current 90-days correlation between VanEck Preferred Sec and Global X SuperIncome is 0.63 (i.e., Poor diversification). The correlation of VanEck Preferred 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.

VanEck Preferred Correlation With Market

Very weak diversification

The correlation between VanEck Preferred Securities and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Preferred Securities and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VanEck Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in VanEck Preferred Securities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with VanEck Etf

0.97	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.92	FPE	First Trust Preferred	Pair Corr
0.88	PGX	Invesco Preferred ETF Sell-off Trend	Pair Corr
0.94	PFFD	Global X Preferred	Pair Corr
0.92	VRP	Invesco Variable Rate	Pair Corr
0.85	PGF	Invesco Financial	Pair Corr
0.83	PSK	SPDR ICE Preferred	Pair Corr
0.9	FPEI	First Trust Institutional	Pair Corr
0.92	PFFA	Virtus InfraCap Preferred	Pair Corr
0.93	VWO	Vanguard FTSE Emerging	Pair Corr
0.88	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.92	MPRO	Northern Lights	Pair Corr
0.7	GRW	TCW Compounders ETF	Pair Corr
0.92	EWQ	iShares MSCI France	Pair Corr
0.94	SPGP	Invesco SP 500	Pair Corr

Related Correlations Analysis

	SPFF	PSK	PGX	VRP	PFFD
SPFF		0.89	0.94	0.83	0.98	SPFF
PSK	0.89		0.98	0.75	0.93	PSK
PGX	0.94	0.98		0.82	0.95	PGX
VRP	0.83	0.75	0.82		0.79	VRP
PFFD	0.98	0.93	0.95	0.79		PFFD
	SPFF	PSK	PGX	VRP	PFFD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

VanEck Preferred Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Preferred 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 VanEck Preferred'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
SPFF	0.46	0.01	(0.19)	0.24	0.39	(0.60)	1.14	(0.65)	3.44
PSK	0.35	(0.01)	(0.42)	0.11	0.41	(0.38)	0.70	(0.59)	2.08
PGX	0.31	(0.01)	(0.32)	0.17	0.42	(0.32)	0.74	(0.64)	2.30
VRP	0.09	0.03	(0.95)	0.84	0.00	(0.12)	0.25	(0.12)	0.84
PFFD	0.31	0.00	(0.31)	0.20	0.38	(0.32)	0.68	(0.59)	2.04

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

VanEck Preferred Correlations

VanEck Preferred Correlation With Market

Very weak diversification

Moving together with VanEck Etf

Related Correlations Analysis

VanEck Preferred Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY