Grandeur Peak Correlations

GPGCX Etf

USD 17.84 0.17 0.96%

The current 90-days correlation between Grandeur Peak Global and Grandeur Peak Stalwarts is 0.85 (i.e., Very poor diversification). The correlation of Grandeur Peak 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.

Grandeur Peak Correlation With Market

Average diversification

The correlation between Grandeur Peak Global and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Grandeur Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grandeur Peak Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Grandeur Etf

0.96	GUSYX	Grandeur Peak Stalwarts	Pair Corr
0.99	GGSYX	Grandeur Peak Global	Pair Corr
0.99	GISYX	Grandeur Peak Intern	Pair Corr
0.97	GPEIX	Grandeur Peak Emerging	Pair Corr
0.97	GPEOX	Grandeur Peak Emerging	Pair Corr
1.0	GPGIX	Grandeur Peak Global	Pair Corr
1.0	GPGOX	Grandeur Peak Global	Pair Corr
0.84	GPIOX	Grandeur Peak Intern	Pair Corr
0.99	GPMCX	Grandeur Peak Global	Pair Corr
0.99	GPRIX	Grandeur Peak Global	Pair Corr
0.99	GPROX	Grandeur Peak Global	Pair Corr
0.66	PAREX	T Rowe Price	Pair Corr
0.9	FNDC	Schwab Fundamental	Pair Corr
0.9	AVDV	Avantis International	Pair Corr
0.91	DLS	WisdomTree International	Pair Corr
0.96	PDN	Invesco FTSE RAFI	Pair Corr
0.86	DISV	Dimensional ETF Trust	Pair Corr
0.97	ISVL	iShares International	Pair Corr
0.91	DIM	WisdomTree International	Pair Corr
0.92	DDLS	WisdomTree Dynamic	Pair Corr
0.93	GVAL	Cambria Global Value Low Volatility	Pair Corr
0.65	AXSIX	Axonic Strategic Income	Pair Corr
0.64	AXSAX	Axonic Strategic Income	Pair Corr
0.9	CFMDX	Clarkston Founders	Pair Corr
0.94	ALPBX	ALPSSmith Balanced	Pair Corr
0.89	VVISX	Vulcan Value Partners	Pair Corr
0.91	HCMAX	THE HILLMAN FUND	Pair Corr
0.78	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.84	NULG	Nuveen ESG Large Low Volatility	Pair Corr
0.75	AMUU	Direxion Daily AMD	Pair Corr
0.89	AIPI	REX AI Equity	Pair Corr
0.96	BLCV	BlackRock ETF Trust	Pair Corr
0.91	QRFT	QRAFT AI Enhanced	Pair Corr
0.82	BETZ	Roundhill Sports Betting	Pair Corr
0.86	SCHX	Schwab Large Cap	Pair Corr
0.86	JXX	Janus Henderson Tran Low Volatility	Pair Corr
0.91	FFDI	FFDI	Pair Corr

Related Correlations Analysis

	GUSYX	GPGCX	DHDG	Z	MBCC	MBBB	BZDYF	DHSB
GUSYX		0.96	0.8	0.7	0.89	0.58	0.37	0.87	GUSYX
GPGCX	0.96		0.82	0.65	0.87	0.56	0.2	0.87	GPGCX
DHDG	0.8	0.82		0.57	0.93	0.69	0.09	0.93	DHDG
Z	0.7	0.65	0.57		0.76	0.72	0.38	0.71	Z
MBCC	0.89	0.87	0.93	0.76		0.77	0.34	0.97	MBCC
MBBB	0.58	0.56	0.69	0.72	0.77		0.34	0.72	MBBB
BZDYF	0.37	0.2	0.09	0.38	0.34	0.34		0.29	BZDYF
DHSB	0.87	0.87	0.93	0.71	0.97	0.72	0.29		DHSB
	GUSYX	GPGCX	DHDG	Z	MBCC	MBBB	BZDYF	DHSB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Grandeur Peak Constituents Risk-Adjusted Indicators

There is a big difference between Grandeur Etf performing well and Grandeur Peak 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 Grandeur Peak'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
GUSYX	1.32	0.18	0.06	(1.40)	1.85	(1.40)	2.55	(2.75)	14.38
GPGCX	0.83	0.19	0.09	2.29	1.15	(0.84)	2.14	(1.43)	6.92
DHDG	0.34	0.04	0.02	0.16	0.48	(0.31)	1.03	(0.96)	5.20
Z	1.83	(0.11)	0.00	(0.05)	0.00	0.00	2.47	(3.90)	14.92
MBCC	1.06	0.03	0.02	0.08	1.77	(1.04)	2.25	(2.29)	11.66
MBBB	0.31	0.01	(0.05)	0.14	0.48	(0.31)	0.53	(0.76)	2.69
BZDYF	0.48	(0.03)	0.00	(0.44)	0.00	0.00	0.61	(1.53)	9.74
DHSB	0.54	0.00	(0.02)	0.05	0.96	(0.54)	1.18	(1.88)	6.57

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

Grandeur Peak Correlations

Grandeur Peak Correlation With Market

Average diversification

Moving together with Grandeur Etf

Related Correlations Analysis

Grandeur Peak Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY