ETC Group Correlations

METP Etf

1,048 26.80 2.62%

The current 90-days correlation between ETC Group Global and ETC on CMCI is 0.26 (i.e., Modest diversification). The correlation of ETC Group 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.

ETC Group Correlation With Market

Modest diversification

The correlation between ETC Group Global and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETC Group Global and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ETC Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ETC Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ETC Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ETC Group Global to buy it.

Moving together with ETC Etf

0.96	3NVD	Leverage Shares 3x	Pair Corr
0.96	NVD3	Leverage Shares 3x	Pair Corr
0.85	NFL3	Leverage Shares 3x	Pair Corr
0.86	3NFL	Leverage Shares 3x	Pair Corr
0.85	3NFE	Leverage Shares 3x	Pair Corr
0.95	3LVP	GraniteShares 3x Long	Pair Corr
0.95	3LNV	GraniteShares 3x Long	Pair Corr
0.85	3LNE	GraniteShares 3x Long	Pair Corr
0.97	NVD2	Leverage Shares 2x	Pair Corr
0.86	3PLT	Leverage Shares 3x	Pair Corr
0.78	CESG	FIRST TRUST GLOBAL	Pair Corr
0.97	HSPX	HSBC SP 500	Pair Corr
0.96	EUHD	PowerShares EURO STOXX	Pair Corr
0.8	OIHV	VanEck Oil Services	Pair Corr
0.87	LALU	WisdomTree Aluminium	Pair Corr
0.93	CBND	Goldman Sachs Access	Pair Corr
0.9	SEML	iShares JP Morgan	Pair Corr

Related Correlations Analysis

	AGRU	KOIP	WWTU	LIVU	METP	METR	EEJG	IFSE	SCOV
AGRU		0.0	0.22	-0.5	-0.57	-0.6	-0.29	0.0	0.0	AGRU
KOIP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	KOIP
WWTU	0.22	0.0		-0.21	-0.29	-0.27	-0.42	0.0	0.0	WWTU
LIVU	-0.5	0.0	-0.21		0.93	0.93	0.68	0.0	0.0	LIVU
METP	-0.57	0.0	-0.29	0.93		1.0	0.67	0.0	0.0	METP
METR	-0.6	0.0	-0.27	0.93	1.0		0.69	0.0	0.0	METR
EEJG	-0.29	0.0	-0.42	0.68	0.67	0.69		0.0	0.0	EEJG
IFSE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	IFSE
SCOV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SCOV
	AGRU	KOIP	WWTU	LIVU	METP	METR	EEJG	IFSE	SCOV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

METR	+ 1.0	METP
METP	+ 0.93	LIVU
METR	+ 0.93	LIVU
EEJG	+ 0.69	METR
EEJG	+ 0.68	LIVU
EEJG	+ 0.67	METP

High negative correlations

METR	- 0.6	AGRU
METP	- 0.57	AGRU
LIVU	- 0.5	AGRU
EEJG	- 0.42	WWTU
METP	- 0.29	WWTU
EEJG	- 0.29	AGRU

ETC Group Constituents Risk-Adjusted Indicators

There is a big difference between ETC Etf performing well and ETC Group 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 ETC Group'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
AGRU	0.46	(0.08)	0.00	(0.57)	0.00	0.00	0.79	(0.95)	4.38
KOIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WWTU	0.95	(0.07)	0.00	(1.62)	0.00	0.00	2.46	(1.87)	7.84
LIVU	0.61	0.22	0.12	7.30	0.31	(0.78)	1.38	(0.99)	5.43
METP	1.37	0.47	0.30	1.21	0.84	(1.71)	3.53	(1.91)	8.07
METR	1.39	0.50	0.36	1.15	0.68	(1.81)	3.31	(1.80)	7.19
EEJG	0.62	0.07	(0.07)	1.02	0.52	(0.77)	1.42	(1.00)	3.85
IFSE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCOV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in ETC Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Comparator Now

Portfolio Comparator

Compare the composition, asset allocations and performance of any two portfolios in your account

All Next

Launch Module

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