Hartford Quality Correlations

QUVU Etf

27.54 0.13 0.47%

The current 90-days correlation between Hartford Quality Value and iShares Paris Aligned Climate is 0.76 (i.e., Poor diversification). The correlation of Hartford Quality 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hartford Quality Correlation With Market

Very poor diversification

The correlation between Hartford Quality Value and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Quality Value and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hartford Etf

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

Moving together with Hartford Etf

0.97	VTV	Vanguard Value Index	Pair Corr
0.95	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
0.97	DGRO	iShares Core Dividend	Pair Corr
0.95	IVE	iShares SP 500	Pair Corr
0.95	SPYV	SPDR Portfolio SP	Pair Corr
0.96	IUSV	iShares Core SP	Pair Corr
0.89	NOBL	ProShares SP 500	Pair Corr
0.97	FNDX	Schwab Fundamental Large	Pair Corr
0.96	VLUE	iShares MSCI USA	Pair Corr
0.66	GDXU	MicroSectors Gold Miners	Pair Corr
0.78	MUU	Direxion Daily MU Upward Rally	Pair Corr
0.76	JNUG	Direxion Daily Junior	Pair Corr
0.78	MULL	GraniteShares 2x Long Upward Rally	Pair Corr
0.76	NUGT	Direxion Daily Gold	Pair Corr
0.91	AGQ	ProShares Ultra Silver	Pair Corr
0.83	GDMN	WisdomTree Efficient Gold	Pair Corr
0.7	SHNY	Microsectors Gold	Pair Corr
0.77	DD	Dupont De Nemours	Pair Corr
0.94	AA	Alcoa Corp	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.73	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.81	AXP	American Express	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr
0.84	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	CAT	Caterpillar	Pair Corr

Moving against Hartford Etf

0.68	PG	Procter Gamble	Pair Corr
0.53	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	PABD	CPLS	GDXY	SPYT	KEAT	GDIV	CGV	PJFM	JOET	KNGZ
PABD		0.36	0.7	0.6	0.66	0.69	0.79	0.77	0.65	0.82	PABD
CPLS	0.36		0.0	0.35	0.08	0.31	0.06	0.29	0.2	0.18	CPLS
GDXY	0.7	0.0		0.18	0.83	0.68	0.79	0.72	0.24	0.59	GDXY
SPYT	0.6	0.35	0.18		0.39	0.56	0.56	0.57	0.52	0.65	SPYT
KEAT	0.66	0.08	0.83	0.39		0.86	0.9	0.85	0.09	0.62	KEAT
GDIV	0.69	0.31	0.68	0.56	0.86		0.8	0.97	0.29	0.6	GDIV
CGV	0.79	0.06	0.79	0.56	0.9	0.8		0.83	0.37	0.78	CGV
PJFM	0.77	0.29	0.72	0.57	0.85	0.97	0.83		0.42	0.7	PJFM
JOET	0.65	0.2	0.24	0.52	0.09	0.29	0.37	0.42		0.63	JOET
KNGZ	0.82	0.18	0.59	0.65	0.62	0.6	0.78	0.7	0.63		KNGZ
	PABD	CPLS	GDXY	SPYT	KEAT	GDIV	CGV	PJFM	JOET	KNGZ

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

PJFM	+ 0.97	GDIV
CGV	+ 0.9	KEAT
GDIV	+ 0.86	KEAT
PJFM	+ 0.85	KEAT
KEAT	+ 0.83	GDXY
PJFM	+ 0.83	CGV

High negative correlations

GDXY

- 0.0

CPLS

Hartford Quality Constituents Risk-Adjusted Indicators

There is a big difference between Hartford Etf performing well and Hartford Quality 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 Hartford Quality'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
PABD	0.61	0.02	0.02	0.08	0.72	(0.61)	1.09	(1.35)	2.67
CPLS	0.14	(0.01)	(0.32)	(0.01)	0.15	(0.15)	0.31	(0.28)	0.82
GDXY	1.61	0.08	0.02	0.16	2.60	(1.49)	3.05	(3.80)	11.83
SPYT	0.48	0.01	(0.04)	0.18	0.77	(0.47)	1.15	(1.03)	3.12
KEAT	0.49	0.05	0.00	0.30	0.60	(0.48)	0.87	(1.07)	2.73
GDIV	0.58	0.01	0.00	0.06	0.72	(0.60)	1.20	(1.31)	3.00
CGV	0.58	0.02	(0.03)	0.22	0.81	(0.61)	1.21	(1.21)	5.29
PJFM	0.69	0.00	0.00	0.05	0.85	(0.69)	1.42	(1.53)	3.59
JOET	0.64	(0.08)	0.00	(0.03)	0.00	0.00	1.19	(1.49)	3.22
KNGZ	0.65	0.01	(0.04)	0.22	0.87	(0.68)	1.66	(1.30)	3.82

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

2026 Macroaxis LLC