RBC 1 Correlations

RLB Etf

CAD 18.98 0.02 0.11%

The current 90-days correlation between RBC 1 5 and RBC 1 5 Year is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RBC 1 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC 1 5 Year moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RBC 1 Correlation With Market

Average diversification

The correlation between RBC 1 5 Year and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBC 1 5 Year and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RBC 1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC 1 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RBC 1 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RBC 1 5 Year to buy it.

Moving together with RBC Etf

0.99	XSB	iShares Canadian Short	Pair Corr
0.98	XSH	iShares Core Canadian	Pair Corr
0.99	ZCS	BMO Short Corporate	Pair Corr
0.98	VSB	Vanguard Canadian Short	Pair Corr
0.95	ZST	BMO Ultra Short	Pair Corr
0.98	CBO	iShares 1 5	Pair Corr
0.98	PSB	Invesco 1 5	Pair Corr
0.91	XFR	iShares Floating Rate	Pair Corr
0.96	CLF	iShares 1 5	Pair Corr
0.97	ZFS	BMO Short Federal	Pair Corr
0.78	HEU	BetaPro SP TSX	Pair Corr
0.84	HURA	Global X Uranium	Pair Corr
0.81	HXE	Global X SPTSX	Pair Corr
0.83	XEG	iShares SPTSX Capped	Pair Corr
0.93	ENCC	Global X Canadian	Pair Corr
0.92	HFU	BetaPro SPTSX Capped	Pair Corr
0.92	ZEO	BMO Equal Weight	Pair Corr
0.95	HXU	BetaPro SP TSX	Pair Corr
0.88	JAPN	CI WisdomTree Japan	Pair Corr
0.89	HSU	BetaPro SP 500	Pair Corr
0.94	TBCE	TD Target 2025	Pair Corr
0.9	HUG	Global X Gold	Pair Corr
0.67	FETH	Fidelity Advantage Ether	Pair Corr
0.92	KNGC	Brompton Canadian Cash	Pair Corr
0.76	U-UN	Sprott Physical Uranium	Pair Corr
0.95	SITC	Scotia Canadian Large	Pair Corr
0.96	HCON	Global X Conservative	Pair Corr
0.9	XUH	iShares Core SP	Pair Corr
0.95	ZMP	BMO Mid Provincial	Pair Corr
0.92	ZJK	BMO High Yield	Pair Corr
0.95	HXT	Global X SPTSX	Pair Corr
0.91	ZSP	BMO SP 500	Pair Corr
0.96	HBAL	Global X Balanced	Pair Corr
0.91	ZHY	BMO High Yield	Pair Corr
0.85	GCSC	Guardian Canadian Sector	Pair Corr
0.96	VBAL	Vanguard Balanced	Pair Corr
0.93	GCBD	Guardian Canadian Bond	Pair Corr
0.83	XSMC	iShares SP Small	Pair Corr

Related Correlations Analysis

	RBO	RIDH	RUSB	EQL	GIES	FETH	GCFE	RSSX-U	RBOT
RBO		0.83	0.89	0.79	0.03	0.67	0.78	0.86	0.72	RBO
RIDH	0.83		0.9	0.92	-0.07	0.89	0.84	0.88	0.71	RIDH
RUSB	0.89	0.9		0.83	-0.19	0.82	0.75	0.81	0.66	RUSB
EQL	0.79	0.92	0.83		0.11	0.82	0.9	0.9	0.75	EQL
GIES	0.03	-0.07	-0.19	0.11		-0.29	0.21	0.19	0.1	GIES
FETH	0.67	0.89	0.82	0.82	-0.29		0.74	0.72	0.67	FETH
GCFE	0.78	0.84	0.75	0.9	0.21	0.74		0.89	0.83	GCFE
RSSX-U	0.86	0.88	0.81	0.9	0.19	0.72	0.89		0.72	RSSX-U
RBOT	0.72	0.71	0.66	0.75	0.1	0.67	0.83	0.72		RBOT
	RBO	RIDH	RUSB	EQL	GIES	FETH	GCFE	RSSX-U	RBOT

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

EQL	+ 0.92	RIDH
RUSB	+ 0.9	RIDH
GCFE	+ 0.9	EQL
RSSX-U	+ 0.9	EQL
RUSB	+ 0.89	RBO
FETH	+ 0.89	RIDH

High negative correlations

FETH	- 0.29	GIES
GIES	- 0.19	RUSB
GIES	- 0.07	RIDH

RBC 1 Constituents Risk-Adjusted Indicators

There is a big difference between RBC Etf performing well and RBC 1 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 RBC 1'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
RBO	0.08	0.01	(0.91)	(0.56)	0.00	(0.11)	0.21	(0.11)	0.48
RIDH	0.45	0.10	0.02	21.96	0.40	(0.53)	1.18	(0.84)	4.47
RUSB	0.21	0.04	(0.17)	1.00	0.05	(0.25)	0.52	(0.42)	1.44
EQL	0.47	0.07	0.02	0.32	0.32	(0.54)	1.31	(0.86)	2.75
GIES	0.32	0.00	(0.06)	0.08	0.44	(0.62)	1.13	(0.78)	3.87
FETH	3.24	0.76	0.23	0.50	3.04	(3.78)	6.14	(5.85)	22.79
GCFE	0.49	0.13	0.08	0.94	0.23	(0.77)	1.15	(0.79)	3.19
RSSX-U	0.76	0.18	0.10	5.08	0.46	(1.27)	2.49	(1.27)	5.33
RBOT	0.88	0.11	0.06	0.33	0.76	(1.01)	2.54	(1.60)	6.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in RBC 1 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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