Northern Lights Correlations

FPAG Etf

USD 34.17 0.01 0.03%

The current 90-days correlation between Northern Lights and SmartETFs Dividend Builder is 0.74 (i.e., Poor diversification). The correlation of Northern Lights 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.

Northern Lights Correlation With Market

Poor diversification

The correlation between Northern Lights and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Lights and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Northern Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Northern Lights. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Northern Etf please use our How to Invest in Northern Lights guide.

Moving together with Northern Etf

0.85	GCOW	Pacer Global Cash	Pair Corr
0.86	WDIV	SPDR SP Global	Pair Corr
0.98	DEW	WisdomTree Global High	Pair Corr
0.86	WLDR	Affinity World Leaders	Pair Corr
0.89	DIVD	Altrius Global Dividend	Pair Corr
0.89	VTI	Vanguard Total Stock	Pair Corr
0.9	SPY	SPDR SP 500	Pair Corr
0.89	IVV	iShares Core SP	Pair Corr
0.9	VTV	Vanguard Value Index	Pair Corr
0.89	VUG	Vanguard Growth Index	Pair Corr
0.89	VO	Vanguard Mid Cap	Pair Corr
0.87	VEA	Vanguard FTSE Developed	Pair Corr
0.88	VB	Vanguard Small Cap	Pair Corr
0.61	MLPB	UBS AG London	Pair Corr
0.86	MVV	ProShares Ultra MidCap400	Pair Corr
0.84	SPEM	SPDR Portfolio Emerging	Pair Corr
0.77	ABEQ	Absolute Core Strategy	Pair Corr
0.87	JEPI	JPMorgan Equity Premium	Pair Corr
0.87	VFMV	Vanguard Minimum Vol	Pair Corr
0.79	MCSE	Martin Currie Sustainable	Pair Corr
0.89	IUSV	iShares Core SP	Pair Corr
0.66	REMX	VanEck Rare EarthStr	Pair Corr
0.61	WDSSF	WisdomTree Issuer ICAV	Pair Corr
0.83	VDE	Vanguard Energy Index	Pair Corr
0.82	IPO	Renaissance IPO ETF	Pair Corr
0.84	PSC	Principal Small Cap	Pair Corr
0.88	VBK	Vanguard Small Cap	Pair Corr
0.88	GMAR	First Trust Exchange	Pair Corr
0.61	PCRB	Putnam ETF Trust	Pair Corr
0.89	DFSU	Dimensional Sustainability	Pair Corr
0.92	DRAI	Draco Evolution AI	Pair Corr
0.85	EDIV	SPDR SP Emerging	Pair Corr
0.79	DRLL	EA Series Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.85	0.82	0.61	0.93	0.34	0.95	0.24	0.58	META
MSFT	0.98		0.88	0.86	0.61	0.91	0.37	0.96	0.24	0.59	MSFT
UBER	0.85	0.88		0.91	0.51	0.82	0.59	0.9	0.22	0.56	UBER
F	0.82	0.86	0.91		0.5	0.86	0.35	0.91	0.43	0.72	F
T	0.61	0.61	0.51	0.5		0.57	0.21	0.6	0.3	0.25	T
A	0.93	0.91	0.82	0.86	0.57		0.24	0.91	0.33	0.7	A
CRM	0.34	0.37	0.59	0.35	0.21	0.24		0.32	-0.22	-0.01	CRM
JPM	0.95	0.96	0.9	0.91	0.6	0.91	0.32		0.32	0.67	JPM
MRK	0.24	0.24	0.22	0.43	0.3	0.33	-0.22	0.32		0.55	MRK
XOM	0.58	0.59	0.56	0.72	0.25	0.7	-0.01	0.67	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.95	META
A	+ 0.93	META
A	+ 0.91	MSFT
F	+ 0.91	UBER

High negative correlations

MRK	- 0.22	CRM
XOM	- 0.01	CRM

Northern Lights Competition Risk-Adjusted Indicators

There is a big difference between Northern Etf performing well and Northern Lights 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 Northern Lights' 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	1.54	0.18	0.15	0.31	1.18	(1.86)	3.99	(2.35)	10.48
MSFT	0.91	0.29	0.25	0.49	0.51	(1.11)	2.33	(1.08)	8.85
UBER	1.66	0.22	0.14	0.37	1.43	(2.11)	4.19	(2.54)	10.87
F	1.38	0.21	0.10	0.42	1.45	(1.54)	2.90	(2.61)	7.88
T	1.06	(0.02)	(0.08)	0.11	1.33	(1.11)	2.35	(2.35)	5.71
A	1.56	0.17	(0.03)	(0.22)	2.16	(1.57)	2.54	(3.38)	12.09
CRM	1.31	(0.19)	(0.08)	0.02	1.69	(1.31)	2.95	(3.19)	9.31
JPM	0.95	0.20	0.18	0.39	0.64	(1.09)	2.28	(1.36)	7.15
MRK	1.37	(0.04)	(0.02)	0.12	1.84	(1.34)	2.88	(3.31)	10.58
XOM	1.19	0.13	(0.03)	(0.97)	1.58	(1.18)	2.62	(2.58)	6.25

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