IShares SPTSX Correlations

XFN Etf

CAD 71.38 0.07 0.1%

The current 90-days correlation between iShares SPTSX Capped and iShares SPTSX Capped is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares SPTSX Capped moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares SPTSX Correlation With Market

Significant diversification

The correlation between iShares SPTSX Capped and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SPTSX Capped and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares SPTSX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares SPTSX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares SPTSX Capped to buy it.

Moving together with IShares Etf

0.99	ZEB	BMO SPTSX Equal	Pair Corr
0.64	ZBK	BMO Equal Weight	Pair Corr
0.98	HCA	Hamilton Canadian Bank	Pair Corr
0.81	ZWK	BMO Covered Call	Pair Corr
0.99	CIC	CI Canadian Banks	Pair Corr
0.9	FLI	CI Canada Lifeco	Pair Corr
0.99	CEW	iShares Equal Weight	Pair Corr
0.86	FHE	First Trust Indxx	Pair Corr

Moving against IShares Etf

0.97	HXD	BetaPro SPTSX 60	Pair Corr
0.93	HIU	BetaPro SP 500	Pair Corr
0.88	HQD	BetaPro NASDAQ 100	Pair Corr
0.85	HED	BetaPro SPTSX Capped	Pair Corr
0.57	HOU	BetaPro Crude Oil	Pair Corr
0.51	HUC	Global X Crude	Pair Corr

Related Correlations Analysis

	XDV	HXCN	XFH	HMAX	FCUV	XEG	ZWU	ZNQ	CACB	VGG
XDV		0.97	0.88	0.98	0.96	0.77	0.85	0.91	0.9	0.97	XDV
HXCN	0.97		0.89	0.98	0.97	0.79	0.86	0.94	0.93	0.97	HXCN
XFH	0.88	0.89		0.85	0.95	0.59	0.92	0.91	0.81	0.94	XFH
HMAX	0.98	0.98	0.85		0.95	0.82	0.8	0.91	0.91	0.96	HMAX
FCUV	0.96	0.97	0.95	0.95		0.71	0.91	0.97	0.91	0.99	FCUV
XEG	0.77	0.79	0.59	0.82	0.71		0.53	0.71	0.68	0.76	XEG
ZWU	0.85	0.86	0.92	0.8	0.91	0.53		0.88	0.81	0.88	ZWU
ZNQ	0.91	0.94	0.91	0.91	0.97	0.71	0.88		0.92	0.96	ZNQ
CACB	0.9	0.93	0.81	0.91	0.91	0.68	0.81	0.92		0.91	CACB
VGG	0.97	0.97	0.94	0.96	0.99	0.76	0.88	0.96	0.91		VGG
	XDV	HXCN	XFH	HMAX	FCUV	XEG	ZWU	ZNQ	CACB	VGG

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IShares SPTSX Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SPTSX 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 IShares SPTSX'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
XDV	0.29	0.10	0.10	1.45	0.05	(0.33)	0.67	(0.47)	1.89
HXCN	0.49	0.14	0.12	(4.10)	0.43	(0.55)	1.16	(1.10)	3.77
XFH	0.43	0.10	0.06	(1.39)	0.41	(0.48)	0.92	(0.68)	4.36
HMAX	0.34	0.10	0.10	3.04	0.12	(0.42)	1.02	(0.70)	2.61
FCUV	0.59	0.16	0.13	(2.25)	0.54	(0.72)	1.52	(0.61)	4.57
XEG	0.88	0.08	0.01	(0.26)	1.01	(0.98)	1.92	(1.89)	5.81
ZWU	0.27	0.08	0.05	(13.68)	0.03	(0.32)	0.63	(0.53)	1.42
ZNQ	0.60	0.14	0.07	(1.37)	0.86	(0.62)	1.37	(1.28)	5.03
CACB	0.16	0.05	(0.07)	(13.46)	0.00	(0.21)	0.45	(0.25)	0.84
VGG	0.42	0.10	0.06	(1.37)	0.45	(0.44)	0.88	(0.83)	3.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares SPTSX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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