Columbia ETF Correlations

CRED Etf

USD 21.69 0.03 0.14%

The current 90-days correlation between Columbia ETF Trust and Fidelity Real Estate is 0.94 (i.e., Almost no diversification). The correlation of Columbia ETF 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.

Columbia ETF Correlation With Market

Very weak diversification

The correlation between Columbia ETF Trust and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Columbia Etf

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

For information on how to trade Columbia Etf refer to our How to Trade Columbia Etf guide.

Moving together with Columbia Etf

0.98	VNQ	Vanguard Real Estate	Pair Corr
0.98	XLRE	Real Estate	Pair Corr
0.97	IYR	iShares Real Estate	Pair Corr
0.96	ICF	iShares Cohen Steers	Pair Corr
0.96	USRT	iShares Core REIT	Pair Corr
0.8	IRET	iREIT MarketVector	Pair Corr
0.95	RWR	SPDR Dow Jones	Pair Corr
0.85	ISCB	iShares Morningstar	Pair Corr
0.63	RAYS	Global X Solar	Pair Corr
0.75	BPI	Grayscale Funds Trust	Pair Corr
0.86	INCM	Franklin Templeton ETF	Pair Corr
0.7	CETH	21shares Core Ethereum Low Volatility	Pair Corr
0.85	PRXG	Praxis Funds	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.85	BAC	Bank of America	Pair Corr
0.82	IBM	International Business Earnings Call This Week	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.83	AXP	American Express	Pair Corr
0.72	MMM	3M Company	Pair Corr
0.68	CVX	Chevron Corp	Pair Corr
0.82	BA	Boeing	Pair Corr
0.64	T	ATT Inc Earnings Call This Week	Pair Corr
0.84	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr

Moving against Columbia Etf

0.87	CORX	2x Corn ETF	Pair Corr
0.44	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FPRO	IIGD	HEGD	PSR	IUS
FPRO		0.63	0.67	0.98	0.71	FPRO
IIGD	0.63		0.86	0.69	0.84	IIGD
HEGD	0.67	0.86		0.77	0.99	HEGD
PSR	0.98	0.69	0.77		0.8	PSR
IUS	0.71	0.84	0.99	0.8		IUS
	FPRO	IIGD	HEGD	PSR	IUS

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Columbia ETF Constituents Risk-Adjusted Indicators

There is a big difference between Columbia Etf performing well and Columbia ETF 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 Columbia ETF'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
FPRO	0.62	0.00	(0.06)	0.13	0.87	(0.63)	1.48	(1.32)	4.47
IIGD	0.14	0.02	(0.57)	0.84	0.00	(0.18)	0.29	(0.25)	0.82
HEGD	0.36	0.06	(0.03)	0.28	0.00	(0.47)	0.93	(0.63)	2.22
PSR	0.57	0.01	(0.05)	0.15	0.80	(0.55)	1.43	(1.25)	4.40
IUS	0.58	0.04	0.02	0.18	0.56	(0.63)	1.35	(0.96)	4.27

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