SmartETFs Asia Correlations

Etfs . USA . 
Etf . SmartETFs Asia Pacific
ADIV Etf  USD 17.97  0.01  0.06%   
The current 90-days correlation between SmartETFs Asia Pacific and JPMorgan BetaBuilders Developed is 0.73 (i.e., Poor diversification). The correlation of SmartETFs Asia 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.

SmartETFs Asia Correlation With Market

Very weak diversification

The correlation between SmartETFs Asia Pacific and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SmartETFs Asia Pacific and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with SmartETFs Etf
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SmartETFs Asia Pacific. 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 SmartETFs Etf

  0.98BBAX JPMorgan BetaBuildersPairCorr
  0.99AAXJ iShares MSCI AllPairCorr
  0.98EPP iShares MSCI PacificPairCorr
  0.98AIA iShares Asia 50PairCorr
  0.97GMF SPDR SP EmergingPairCorr
  0.99FLAX Franklin FTSE AsiaPairCorr
  0.97DVYA iShares AsiaPacificPairCorr
  0.97FPA First Trust AsiaPairCorr
  0.98MINV Matthews Asia InnovatorsPairCorr
  0.94MDY SPDR SP MIDCAPPairCorr
  0.95SLYG SPDR SP 600PairCorr
  0.97KRMA Global X ConsciousPairCorr
  0.98SPY SPDR SP 500 Sell-off TrendPairCorr
  0.98IVV iShares Core SP Sell-off TrendPairCorr
  0.92NFLX Netflix Downward RallyPairCorr
  0.94SLYV SPDR SP 600PairCorr
  0.95IGV iShares Expanded Tech Low VolatilityPairCorr
  0.84VBF Invesco Van KampenPairCorr
  0.78KGRN KraneShares MSCI ChinaPairCorr
  0.97VYMI Vanguard InternationalPairCorr
  0.8HIDE Alpha Architect HighPairCorr
  0.95VFVA Vanguard Value FactorPairCorr
  0.95VABS Virtus Newfleet ABSMBSPairCorr
  0.98SRLN SPDR Blackstone SeniorPairCorr
  0.94FXED Tidal ETF TrustPairCorr
  0.92PFUT Putnam Sustainable FuturePairCorr
  0.86PALL abrdn Physical PalladiumPairCorr
  0.97MYMF SPDR SSGA My2026PairCorr
  0.95DFAS Dimensional Small CapPairCorr
  0.99DFEV Dimensional ETF TrustPairCorr
  0.73EUSB iShares TrustPairCorr
  0.97QTOC Innovator ETFs TrustPairCorr
  0.98SUPP TCW Transform SupplyPairCorr
  0.98CGGO Capital Group GlobalPairCorr
  0.98CPSD Calamos ETF TrustPairCorr
  0.75CERY SPDR Series TrustPairCorr
  0.96SAUG First Trust ExchangePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

SmartETFs Asia Constituents Risk-Adjusted Indicators

There is a big difference between SmartETFs Etf performing well and SmartETFs Asia 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 SmartETFs Asia'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BBAX  0.60  0.19  0.15  0.60  0.36 
(0.68)
 1.32 
(1.07)
 4.37 
AAXJ  0.63  0.21  0.19  0.56  0.35 
(0.77)
 1.56 
(1.31)
 4.79 
EPP  0.57  0.20  0.17  0.62  0.16 
(0.64)
 1.35 
(0.92)
 4.19 
AIA  0.82  0.25  0.21  0.53  0.52 
(0.96)
 2.54 
(1.51)
 6.50 
GMF  0.59  0.17  0.14  0.45  0.35 
(0.68)
 1.80 
(1.16)
 4.66 
FLAX  0.56  0.20  0.17  0.63  0.19 
(0.65)
 1.52 
(1.09)
 4.41 
DVYA  0.53  0.23  0.21  0.85  0.00 
(0.66)
 1.29 
(0.87)
 3.25 
FPA  1.03  0.34  0.17  4.83  0.96 
(1.18)
 2.57 
(2.04)
 5.98 
MINV  0.80  0.25  0.23  0.60  0.28 
(0.97)
 2.11 
(1.33)
 5.30 
ADIV  0.51  0.24  0.24  0.71  0.00 
(0.65)
 1.74 
(1.16)
 3.58 

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