Global X Correlations

ALTY Etf

USD 11.64 0.08 0.69%

The current 90-days correlation between Global X Alternative and First Trust Multi Asset is 0.04 (i.e., Significant 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

Good diversification

The correlation between Global X Alternative and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Alternative and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

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

Moving together with Global Etf

0.72	AOR	iShares Core Growth	Pair Corr
0.79	RLY	SPDR SSgA Multi	Pair Corr
0.77	GAL	SPDR SSgA Global	Pair Corr
0.74	RAAX	VanEck Inflation All	Pair Corr
0.72	GAA	Cambria Global Asset	Pair Corr
0.89	GYLD	Arrow ETF Trust	Pair Corr
0.73	EAOR	iShares ESG Aware	Pair Corr
0.67	LENS	Sarmaya Thematic ETF	Pair Corr
0.75	MAPP	Harbor ETF Trust	Pair Corr
0.69	HART	IQ Healthy Hearts	Pair Corr
0.83	SNPD	DBX ETF Trust	Pair Corr
0.83	EVUS	iShares ESG Aware	Pair Corr
0.82	XOP	SPDR SP Oil	Pair Corr
0.69	EOS	Eaton Vance Enhanced	Pair Corr
0.69	AVES	Avantis Emerging Markets	Pair Corr
0.61	WWJD	Inspire International ESG	Pair Corr
0.62	SEMI	Columbia Seligman	Pair Corr
0.73	EMSF	Matthews Emerging Markets	Pair Corr
0.82	XLC	Communication Services	Pair Corr
0.68	MAGX	Roundhill Daily 2X	Pair Corr
0.74	MAYT	AIM ETF Products	Pair Corr
0.79	IWM	iShares Russell 2000 Aggressive Push	Pair Corr
0.72	GPIX	Goldman Sachs SP	Pair Corr
0.76	FFTY	Innovator IBD 50	Pair Corr
0.78	BKCG	BNY Mellon ETF	Pair Corr
0.69	HEQT	Simplify Exchange Traded	Pair Corr
0.67	MADE	iShares Trust	Pair Corr
0.65	FIDU	Fidelity MSCI Industrials	Pair Corr
0.76	SCHM	Schwab Mid Cap	Pair Corr
0.65	FTEC	Fidelity MSCI Information	Pair Corr
0.64	TMFE	Motley Fool Capital	Pair Corr
0.85	RGEF	Tidal Trust III	Pair Corr

Moving against Global Etf

0.56

WNTR

Tidal Trust II

Pair Corr

Related Correlations Analysis

	MDIV	MFUL	DRSK	DSCF	DUKQ	DUKX	MPRO	DWAT	MRSK
MDIV		0.79	0.56	0.72	0.82	0.87	0.69	0.63	0.55	MDIV
MFUL	0.79		0.86	0.84	0.91	0.95	0.96	0.82	0.7	MFUL
DRSK	0.56	0.86		0.88	0.79	0.81	0.89	0.81	0.84	DRSK
DSCF	0.72	0.84	0.88		0.73	0.83	0.9	0.81	0.91	DSCF
DUKQ	0.82	0.91	0.79	0.73		0.96	0.8	0.71	0.64	DUKQ
DUKX	0.87	0.95	0.81	0.83	0.96		0.87	0.77	0.69	DUKX
MPRO	0.69	0.96	0.89	0.9	0.8	0.87		0.83	0.81	MPRO
DWAT	0.63	0.82	0.81	0.81	0.71	0.77	0.83		0.76	DWAT
MRSK	0.55	0.7	0.84	0.91	0.64	0.69	0.81	0.76		MRSK
	MDIV	MFUL	DRSK	DSCF	DUKQ	DUKX	MPRO	DWAT	MRSK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
MDIV	0.58	(0.06)	0.00	(0.08)	0.00	0.00	0.91	(1.79)	5.40
MFUL	0.27	0.00	(0.07)	(0.11)	0.45	(0.26)	0.47	(0.62)	2.58
DRSK	0.37	0.03	(0.01)	0.32	0.44	(0.42)	0.70	(0.70)	2.42
DSCF	0.35	0.01	(0.03)	0.09	0.55	(0.33)	0.74	(0.74)	2.96
DUKQ	0.69	(0.02)	(0.02)	0.00	1.52	(0.68)	1.42	(1.84)	7.71
DUKX	0.63	(0.03)	0.00	(0.03)	0.00	0.00	1.11	(1.34)	6.52
MPRO	0.56	0.04	0.00	(0.38)	0.85	(0.54)	1.20	(1.45)	6.26
DWAT	0.95	(0.08)	0.00	(0.98)	0.00	0.00	1.47	(1.71)	7.68
MRSK	0.60	0.05	0.03	0.14	0.80	(0.61)	1.46	(1.22)	5.41

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC