IndexIQ Active Correlations

SECR Etf

26.34 0.04 0.15%

The current 90-days correlation between IndexIQ Active ETF and Valued Advisers Trust is 0.21 (i.e., Modest diversification). The correlation of IndexIQ Active 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.

IndexIQ Active Correlation With Market

Significant diversification

The correlation between IndexIQ Active ETF and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IndexIQ Active ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IndexIQ Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in IndexIQ Active ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with IndexIQ Etf

0.99	IUSB	iShares Core Total	Pair Corr
0.99	FIXD	First Trust TCW	Pair Corr
0.88	FBND	Fidelity Total Bond	Pair Corr
0.83	TOTL	SPDR DoubleLine Total	Pair Corr
0.88	BNDS	Series Portfolios Trust	Pair Corr
0.88	HTRB	Hartford Total Return	Pair Corr
0.74	DRSK	Aptus Defined Risk	Pair Corr
0.89	GTO	Invesco Total Return	Pair Corr
0.99	EUSB	iShares Trust	Pair Corr
0.99	JCPB	JPMorgan Core Plus	Pair Corr
0.83	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.74	SETM	Sprott Energy Transition	Pair Corr
0.76	OCTW	AIM ETF Products	Pair Corr
0.67	IXN	iShares Global Tech	Pair Corr
0.75	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.62	WCEO	Hypatia Women Ceo	Pair Corr
0.77	IVVB	Blackrock ETF Trust	Pair Corr
0.68	COAL	Exchange Traded Concepts	Pair Corr
0.79	TBLL	Invesco Short Term	Pair Corr
0.76	AXP	American Express	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr
0.69	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.74	GE	GE Aerospace	Pair Corr

Moving against IndexIQ Etf

0.63	VIXY	ProShares VIX Short	Pair Corr
0.57	BA	Boeing Earnings Call This Week	Pair Corr
0.45	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.43	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.08	-0.03	-0.23	0.59	-0.54	-0.36	-0.21	-0.57	-0.36	META
MSFT	0.08		-0.2	-0.03	-0.55	0.08	-0.13	-0.09	-0.06	-0.25	MSFT
UBER	-0.03	-0.2		0.57	0.06	0.38	-0.37	0.71	0.29	0.58	UBER
F	-0.23	-0.03	0.57		-0.34	0.75	-0.09	0.43	0.63	0.6	F
T	0.59	-0.55	0.06	-0.34		-0.67	-0.14	-0.06	-0.46	-0.19	T
A	-0.54	0.08	0.38	0.75	-0.67		-0.02	0.43	0.75	0.59	A
CRM	-0.36	-0.13	-0.37	-0.09	-0.14	-0.02		-0.17	0.04	0.15	CRM
JPM	-0.21	-0.09	0.71	0.43	-0.06	0.43	-0.17		0.11	0.77	JPM
MRK	-0.57	-0.06	0.29	0.63	-0.46	0.75	0.04	0.11		0.3	MRK
XOM	-0.36	-0.25	0.58	0.6	-0.19	0.59	0.15	0.77	0.3		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.77	JPM
A	+ 0.75	F
MRK	+ 0.75	A
JPM	+ 0.71	UBER
MRK	+ 0.63	F
XOM	+ 0.6	F

High negative correlations

A	- 0.67	T
MRK	- 0.57	META
T	- 0.55	MSFT
A	- 0.54	META
MRK	- 0.46	T
CRM	- 0.37	UBER

IndexIQ Active Competition Risk-Adjusted Indicators

There is a big difference between IndexIQ Etf performing well and IndexIQ Active 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 IndexIQ Active'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
META	1.28	0.00	(0.01)	0.07	1.47	(1.39)	2.18	(2.32)	15.10
MSFT	0.74	0.00	(0.04)	0.07	0.94	(0.72)	1.86	(1.64)	6.50
UBER	1.43	0.00	(0.01)	0.07	1.85	(1.46)	3.62	(3.30)	8.86
F	1.34	0.22	0.16	0.21	1.35	(1.61)	3.62	(1.83)	9.82
T	0.93	(0.14)	0.00	(48.15)	0.00	0.00	1.84	(2.32)	6.47
A	1.32	0.21	0.17	0.22	1.05	(1.47)	3.82	(2.15)	10.46
CRM	1.59	(0.14)	0.00	(0.06)	0.00	0.00	3.59	(3.33)	8.74
JPM	0.87	(0.05)	(0.04)	0.02	1.20	(0.83)	1.69	(1.91)	4.80
MRK	1.20	0.02	0.00	0.10	1.27	(1.37)	1.80	(2.36)	9.11
XOM	0.88	0.04	0.00	0.18	1.13	(0.84)	1.77	(2.07)	4.70

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