Invesco RAFI Correlations

Etfs . USA . 
Etf . Invesco RAFI Strategic
IUS Etf  USD 51.79  0.13  0.25%   
The current 90-days correlation between Invesco RAFI Strategic and Invesco International BuyBack is 0.64 (i.e., Poor diversification). The correlation of Invesco RAFI 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.

Invesco RAFI Correlation With Market

Almost no diversification

The correlation between Invesco RAFI Strategic and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco RAFI Strategic and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Invesco Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco RAFI Strategic. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Invesco Etf

  0.99VTV Vanguard Value IndexPairCorr
  0.97VYM Vanguard High DividendPairCorr
  1.0IWD iShares Russell 1000 Sell-off TrendPairCorr
  1.0DGRO iShares Core DividendPairCorr
  1.0IVE iShares SP 500PairCorr
  0.96DVY iShares Select DividendPairCorr
  1.0SPYV SPDR Portfolio SPPairCorr
  0.96FVD First Trust ValuePairCorr
  1.0IUSV iShares Core SPPairCorr
  0.95NOBL ProShares SP 500PairCorr
  1.0VTI Vanguard Total Stock Sell-off TrendPairCorr
  1.0SPY SPDR SP 500 Sell-off TrendPairCorr
  1.0IVV iShares Core SP Sell-off TrendPairCorr
  0.62BND Vanguard Total BondPairCorr
  0.99VUG Vanguard Growth IndexPairCorr
  0.99VO Vanguard Mid CapPairCorr
  0.96VEA Vanguard FTSE DevelopedPairCorr
  0.99VB Vanguard Small CapPairCorr
  0.93GE GE Aerospace Earnings Call This WeekPairCorr
  0.64XOM Exxon Mobil CorpPairCorr
  0.98AXP American ExpressPairCorr
  0.93IBM International Business Earnings Call This WeekPairCorr
  0.93AA Alcoa CorpPairCorr
  0.93BA BoeingPairCorr
  0.79INTC Intel Earnings Call This WeekPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.95DIS Walt DisneyPairCorr
  0.97MSFT MicrosoftPairCorr
  0.89PFE Pfizer IncPairCorr
  0.92MMM 3M CompanyPairCorr
  0.92DD Dupont De NemoursPairCorr

Moving against Invesco Etf

  0.66MCD McDonaldsPairCorr
  0.35VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

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Invesco RAFI Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco RAFI 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 Invesco RAFI'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.

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