1x Short Correlations

SVIX Etf

USD 17.82 0.57 3.30%

The current 90-days correlation between 1x Short VIX and 2x Long VIX is -1.0 (i.e., Pay attention - limited upside). The correlation of 1x Short 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.

1x Short Correlation With Market

Poor diversification

The correlation between 1x Short VIX and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1x Short VIX and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SVIX Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1x Short VIX. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with SVIX Etf

0.88	VTI	Vanguard Total Stock	Pair Corr
0.87	SPY	SPDR SP 500	Pair Corr
0.87	IVV	iShares Core SP	Pair Corr
0.72	BND	Vanguard Total Bond	Pair Corr
0.85	VTV	Vanguard Value Index	Pair Corr
0.93	VUG	Vanguard Growth Index	Pair Corr
0.89	VO	Vanguard Mid Cap	Pair Corr
0.74	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.87	VB	Vanguard Small Cap	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.65	CAT	Caterpillar Sell-off Trend	Pair Corr

Moving against SVIX Etf

0.92	SH	ProShares Short SP500 Potential Growth	Pair Corr
0.92	SPXS	Direxion Daily SP	Pair Corr
0.87	SDS	ProShares UltraShort	Pair Corr
0.87	SPDN	Direxion Daily SP Potential Growth	Pair Corr
0.86	SPXU	ProShares UltraPro Short	Pair Corr
0.86	RWM	ProShares Short Russ Sell-off Trend	Pair Corr
0.85	PSQ	ProShares Short QQQ	Pair Corr
0.85	QID	ProShares UltraShort QQQ	Pair Corr
0.81	DOG	ProShares Short Dow30	Pair Corr
0.78	TAIL	Cambria Tail Risk	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.46	TRV	The Travelers Companies	Pair Corr
0.37	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.92	0.43	0.63	0.37	0.65	-0.69	0.83	0.6	0.49	META
MSFT	0.92		0.45	0.71	0.29	0.57	-0.7	0.94	0.7	0.54	MSFT
UBER	0.43	0.45		0.8	0.1	0.53	0.09	0.58	0.44	0.44	UBER
F	0.63	0.71	0.8		0.19	0.65	-0.29	0.8	0.74	0.68	F
T	0.37	0.29	0.1	0.19		0.37	-0.28	0.28	0.39	0.11	T
A	0.65	0.57	0.53	0.65	0.37		-0.2	0.65	0.74	0.7	A
CRM	-0.69	-0.7	0.09	-0.29	-0.28	-0.2		-0.5	-0.46	-0.24	CRM
JPM	0.83	0.94	0.58	0.8	0.28	0.65	-0.5		0.73	0.6	JPM
MRK	0.6	0.7	0.44	0.74	0.39	0.74	-0.46	0.73		0.68	MRK
XOM	0.49	0.54	0.44	0.68	0.11	0.7	-0.24	0.6	0.68		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

JPM	+ 0.94	MSFT
MSFT	+ 0.92	META
JPM	+ 0.83	META
F	+ 0.8	UBER
JPM	+ 0.8	F
MRK	+ 0.74	F

High negative correlations

CRM	- 0.7	MSFT
CRM	- 0.69	META
JPM	- 0.5	CRM
MRK	- 0.46	CRM
CRM	- 0.29	F
CRM	- 0.28	T

1x Short Constituents Risk-Adjusted Indicators

There is a big difference between SVIX Etf performing well and 1x Short 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 1x Short'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	1.47	0.31	0.24	0.40	0.94	(1.80)	3.51	(2.35)	14.28
MSFT	0.69	0.22	0.22	0.49	0.28	(0.80)	2.20	(1.08)	5.71
UBER	1.51	(0.03)	(0.02)	0.08	1.69	(1.75)	3.87	(3.36)	11.37
F	1.30	0.04	0.02	0.15	1.56	(1.28)	2.51	(2.33)	7.46
T	0.89	0.00	(0.09)	0.10	1.17	(0.91)	2.03	(2.13)	5.71
A	1.45	(0.06)	0.02	0.08	1.82	(1.47)	2.82	(2.74)	14.01
CRM	1.21	(0.34)	0.00	(0.14)	0.00	0.00	2.12	(3.19)	8.50
JPM	0.84	0.12	0.10	0.23	0.83	(0.92)	1.83	(1.51)	5.90
MRK	1.37	(0.08)	(0.03)	0.04	1.98	(1.25)	2.90	(3.31)	10.58
XOM	1.05	0.02	(0.05)	0.26	1.30	(1.07)	2.14	(2.07)	6.26

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