Global X Correlations

SRET Etf

USD 21.88 0.08 0.36%

The current 90-days correlation between Global X SuperDividend and Invesco Actively Managed is 0.46 (i.e., Very weak diversification). The correlation of Global X 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.

Global X Correlation With Market

Very weak diversification

The correlation between Global X SuperDividend and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X SuperDividend and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

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

Moving together with Global Etf

0.85	VNQ	Vanguard Real Estate	Pair Corr
0.81	HHH	Howard Hughes Holdings	Pair Corr
0.64	XLRE	Real Estate	Pair Corr
0.79	IYR	iShares Real Estate	Pair Corr
0.67	ICF	iShares Cohen Steers	Pair Corr
0.9	USRT	iShares Core REIT	Pair Corr
0.78	IRET	iREIT MarketVector	Pair Corr
0.9	RWR	SPDR Dow Jones	Pair Corr
0.65	LENS	Sarmaya Thematic ETF	Pair Corr
0.75	MAPP	Harbor ETF Trust	Pair Corr
0.63	ASA	ASA Gold	Pair Corr
0.77	WNTR	YieldMax MSTR Short	Pair Corr
0.69	DRGN	Themes China Generative	Pair Corr
0.78	JUNE	JUNE Symbol Change	Pair Corr
0.8	OCTW	AIM ETF Products	Pair Corr
0.73	TBLL	Invesco Short Term	Pair Corr
0.7	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.74	IVVB	Blackrock ETF Trust	Pair Corr
0.87	WCEO	Hypatia Women Ceo	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.78	AXP	American Express	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr

Moving against Global Etf

0.34

MSFT

Microsoft Earnings Call Tomorrow

Pair Corr

Related Correlations Analysis

	EFAA	DBAW	QVMS	PIN	FJP	SMLV	SIXL	FUNL	CZA	FDEV
EFAA		0.95	0.82	0.36	0.79	0.59	0.66	0.95	0.77	0.93	EFAA
DBAW	0.95		0.73	0.38	0.65	0.4	0.49	0.9	0.67	0.82	DBAW
QVMS	0.82	0.73		0.16	0.78	0.77	0.7	0.88	0.76	0.8	QVMS
PIN	0.36	0.38	0.16		0.19	0.08	0.11	0.24	0.22	0.33	PIN
FJP	0.79	0.65	0.78	0.19		0.74	0.7	0.76	0.6	0.89	FJP
SMLV	0.59	0.4	0.77	0.08	0.74		0.84	0.72	0.8	0.68	SMLV
SIXL	0.66	0.49	0.7	0.11	0.7	0.84		0.74	0.84	0.73	SIXL
FUNL	0.95	0.9	0.88	0.24	0.76	0.72	0.74		0.88	0.87	FUNL
CZA	0.77	0.67	0.76	0.22	0.6	0.8	0.84	0.88		0.75	CZA
FDEV	0.93	0.82	0.8	0.33	0.89	0.68	0.73	0.87	0.75		FDEV
	EFAA	DBAW	QVMS	PIN	FJP	SMLV	SIXL	FUNL	CZA	FDEV

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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
EFAA	0.45	0.02	(0.02)	0.12	0.52	(0.47)	0.85	(0.84)	2.42
DBAW	0.39	0.08	0.08	0.19	0.41	(0.45)	1.02	(0.44)	3.68
QVMS	0.87	0.13	0.04	(0.68)	0.88	(1.08)	2.23	(1.27)	6.97
PIN	0.54	0.02	(0.09)	(0.22)	0.60	(0.59)	0.95	(1.08)	2.83
FJP	0.74	0.11	0.08	0.27	0.77	(0.84)	1.77	(1.00)	5.68
SMLV	0.81	(0.07)	(0.04)	0.03	1.05	(0.93)	2.00	(1.43)	7.01
SIXL	0.44	(0.03)	(0.14)	0.01	0.48	(0.50)	1.12	(0.81)	2.31
FUNL	0.44	0.00	(0.02)	0.08	0.38	(0.53)	1.22	(0.80)	3.45
CZA	0.58	(0.06)	(0.09)	0.02	0.68	(0.62)	1.49	(1.00)	4.05
FDEV	0.42	0.01	(0.07)	0.09	0.47	(0.42)	0.89	(0.91)	2.43

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