Hartford Multifactor Correlations

RODM Etf

USD 31.12 0.28 0.91%

The current 90-days correlation between Hartford Multifactor and Goldman Sachs ActiveBeta is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hartford Multifactor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hartford Multifactor Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hartford Multifactor Correlation With Market

Modest diversification

The correlation between Hartford Multifactor Developed and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Multifactor Developed 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 Multifactor Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Hartford Etf

0.99	EFV	iShares MSCI EAFE Low Volatility	Pair Corr
0.95	FNDF	Schwab Fundamental	Pair Corr
0.98	VYMI	Vanguard International	Pair Corr
0.94	IDV	iShares International Low Volatility	Pair Corr
0.96	DFIV	Dimensional International	Pair Corr
0.97	IVLU	iShares Edge MSCI	Pair Corr
0.96	PXF	Invesco FTSE RAFI	Pair Corr
0.98	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.74	PID	Invesco International	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr

Moving against Hartford Etf

0.38	HUM	Humana Inc Earnings Call This Week	Pair Corr
0.37	ARKW	ARK Next Generation	Pair Corr
0.34	WTMF	WisdomTree Managed	Pair Corr
0.34	AXP	American Express	Pair Corr

Related Correlations Analysis

	GSIE	ROUS	INTF	ROAM	JHMM
GSIE		0.3	1.0	0.87	0.13	GSIE
ROUS	0.3		0.32	0.61	0.97	ROUS
INTF	1.0	0.32		0.89	0.15	INTF
ROAM	0.87	0.61	0.89		0.49	ROAM
JHMM	0.13	0.97	0.15	0.49		JHMM
	GSIE	ROUS	INTF	ROAM	JHMM

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Hartford Multifactor Constituents Risk-Adjusted Indicators

There is a big difference between Hartford Etf performing well and Hartford Multifactor 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 Multifactor'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
GSIE	0.98	0.00	0.11	0.00	1.52	(0.98)	1.79	(2.15)	11.93
ROUS	0.94	(0.16)	0.00	2.32	0.00	0.00	1.46	(1.52)	10.20
INTF	1.00	0.08	0.12	1.42	1.54	(1.06)	1.78	(2.08)	10.09
ROAM	0.86	(0.01)	0.00	(0.32)	0.00	0.00	1.74	(1.99)	7.56
JHMM	1.14	(0.26)	0.00	2.26	0.00	0.00	1.46	(2.19)	12.15

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