Global X Correlations

RSSL Etf

96.94 1.05 1.10%

The current 90-days correlation between Global X Funds and FT Vest Equity is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global X moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global X Funds moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global X Correlation With Market

Very poor diversification

The correlation between Global X Funds and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Funds and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

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

Moving together with Global Etf

0.98	VB	Vanguard Small Cap	Pair Corr
0.98	IJR	iShares Core SP	Pair Corr
1.0	IWM	iShares Russell 2000	Pair Corr
1.0	VRTIX	Vanguard Russell 2000	Pair Corr
1.0	VTWO	Vanguard Russell 2000	Pair Corr
0.97	FNDA	Schwab Fundamental Small	Pair Corr
0.98	SPSM	SPDR Portfolio SP	Pair Corr
0.97	DFAS	Dimensional Small Cap	Pair Corr
0.98	VIOO	Vanguard SP Small	Pair Corr
0.99	PRFZ	Invesco FTSE RAFI	Pair Corr
0.96	VTI	Vanguard Total Stock	Pair Corr
0.94	SPY	SPDR SP 500	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.87	BND	Vanguard Total Bond	Pair Corr
0.96	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.89	VUG	Vanguard Growth Index	Pair Corr
0.91	VO	Vanguard Mid Cap	Pair Corr
0.93	VEA	Vanguard FTSE Developed	Pair Corr
0.94	VWO	Vanguard FTSE Emerging	Pair Corr
0.79	INTC	Intel Aggressive Push	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.92	BAC	Bank of America	Pair Corr
0.77	DD	Dupont De Nemours	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr
0.82	AXP	American Express	Pair Corr

Moving against Global Etf

0.75	KO	Coca Cola	Pair Corr
0.58	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	MCHS	DINT	DISV	DIVE	MCOW
DHDG		0.21	0.87	0.73	0.95	0.9	0.96	0.0	0.0	DHDG
MBCC	0.21		0.33	0.57	0.2	0.44	0.18	0.0	0.0	MBCC
DIHP	0.87	0.33		0.76	0.83	0.86	0.94	0.0	0.0	DIHP
MCDS	0.73	0.57	0.76		0.7	0.8	0.73	0.0	0.0	MCDS
MCHS	0.95	0.2	0.83	0.7		0.86	0.95	0.0	0.0	MCHS
DINT	0.9	0.44	0.86	0.8	0.86		0.88	0.0	0.0	DINT
DISV	0.96	0.18	0.94	0.73	0.95	0.88		0.0	0.0	DISV
DIVE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DIVE
MCOW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MCOW
	DHDG	MBCC	DIHP	MCDS	MCHS	DINT	DISV	DIVE	MCOW

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

DISV	+ 0.96	DHDG
MCHS	+ 0.95	DHDG
DISV	+ 0.95	MCHS
DISV	+ 0.94	DIHP
DINT	+ 0.9	DHDG
DISV	+ 0.88	DINT

High negative correlations

MCOW	- 0.0	DIVE
MCOW	- 0.0	DISV
DIVE	- 0.0	DISV
MCOW	- 0.0	DINT
DIVE	- 0.0	DINT
MCOW	- 0.0	MCHS

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
DHDG	0.16	0.03	(0.05)	0.17	0.00	(0.18)	0.49	(0.22)	1.22
MBCC	0.43	(0.02)	(0.07)	0.02	0.57	(0.40)	0.76	(0.92)	2.15
DIHP	0.52	0.01	0.00	0.08	0.55	(0.54)	1.10	(1.04)	3.74
MCDS	0.54	(0.02)	(0.03)	0.04	0.53	(0.65)	1.35	(0.84)	2.84
MCHS	0.78	0.25	0.24	0.51	0.56	(0.91)	2.06	(1.40)	4.56
DINT	0.60	0.08	0.09	0.16	0.58	(0.64)	1.59	(1.20)	3.79
DISV	0.55	0.08	0.10	0.16	0.45	(0.64)	1.20	(1.08)	3.54
DIVE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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