Invesco FTSE Correlations

PRF Etf

USD 40.32 0.05 0.12%

The current 90-days correlation between Invesco FTSE RAFI and Invesco FTSE RAFI is 0.89 (i.e., Very poor diversification). The correlation of Invesco FTSE 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.

Invesco FTSE Correlation With Market

Almost no diversification

The correlation between Invesco FTSE RAFI and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco FTSE RAFI and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Invesco Etf

0.97	VTV	Vanguard Value Index	Pair Corr
0.99	VYM	Vanguard High Dividend	Pair Corr
0.97	IWD	iShares Russell 1000	Pair Corr
0.95	DGRO	iShares Core Dividend	Pair Corr
0.95	IVE	iShares SP 500	Pair Corr
0.9	DVY	iShares Select Dividend	Pair Corr
0.95	SPYV	SPDR Portfolio SP	Pair Corr
0.84	FVD	First Trust Value	Pair Corr
0.96	IUSV	iShares Core SP	Pair Corr
0.86	NOBL	ProShares SP 500	Pair Corr
0.78	SHLD	Global X Funds	Pair Corr
0.7	DUKH	Ocean Park High	Pair Corr
0.75	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.81	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.81	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.85	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.9	HD	Home Depot	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.84	WMT	Walmart	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.74	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.71	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Invesco Etf

0.59	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.59	FNGD	MicroSectors FANG Index	Pair Corr

Related Correlations Analysis

	PRFZ	PXF	PWV	PWB	PWC
PRFZ		0.73	0.87	0.5	0.35	PRFZ
PXF	0.73		0.88	0.88	0.71	PXF
PWV	0.87	0.88		0.67	0.63	PWV
PWB	0.5	0.88	0.67		0.7	PWB
PWC	0.35	0.71	0.63	0.7		PWC
	PRFZ	PXF	PWV	PWB	PWC

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Invesco FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco FTSE 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 Invesco FTSE'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
PRFZ	1.12	(0.02)	0.02	0.08	1.31	(1.22)	2.41	(2.89)	6.67
PXF	0.77	(0.04)	(0.04)	0.05	1.02	(0.77)	1.60	(1.68)	4.13
PWV	0.67	0.01	0.00	0.10	0.79	(0.72)	1.23	(1.23)	4.09
PWB	0.88	(0.05)	(0.03)	0.04	1.28	(0.80)	1.86	(2.44)	5.73
PWC	0.63	0.09	(0.01)	(1.99)	0.69	(0.66)	1.32	(1.19)	2.67

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