Nuveen Preferred Correlations

NPFI Etf

25.96 0.01 0.04%

The current 90-days correlation between Nuveen Preferred and Franklin Templeton ETF is -0.02 (i.e., Good diversification). The correlation of Nuveen Preferred 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.

Nuveen Preferred Correlation With Market

Good diversification

The correlation between Nuveen Preferred and and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Preferred and and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nuveen Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Preferred and. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Nuveen Etf

0.92	PFF	iShares Preferred	Pair Corr
0.98	FPE	First Trust Preferred	Pair Corr
0.85	PGX	Invesco Preferred ETF Sell-off Trend	Pair Corr
0.72	VRP	Invesco Variable Rate	Pair Corr
0.85	PGF	Invesco Financial	Pair Corr
0.8	PSK	SPDR ICE Preferred	Pair Corr
0.95	PFXF	VanEck Preferred Sec	Pair Corr
0.99	FPEI	First Trust Institutional	Pair Corr
0.98	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.98	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.98	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.65	BND	Vanguard Total Bond	Pair Corr
0.97	VTV	Vanguard Value Index	Pair Corr
0.97	VUG	Vanguard Growth Index	Pair Corr
0.97	VO	Vanguard Mid Cap	Pair Corr
0.97	VEA	Vanguard FTSE Developed	Pair Corr
0.96	VB	Vanguard Small Cap	Pair Corr
0.81	HIDE	Alpha Architect High	Pair Corr
0.75	CERY	SPDR Series Trust	Pair Corr
0.93	SPIB	SPDR Barclays Interm	Pair Corr
0.97	QTOC	Innovator ETFs Trust	Pair Corr
0.98	BUFD	FT Cboe Vest	Pair Corr
0.93	PFUT	Putnam Sustainable Future	Pair Corr
0.98	CGGO	Capital Group Global	Pair Corr
0.86	VBF	Invesco Van Kampen	Pair Corr
0.84	PALL	abrdn Physical Palladium	Pair Corr
0.76	KGRN	KraneShares MSCI China	Pair Corr
0.79	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.98	DFEV	Dimensional ETF Trust	Pair Corr
0.93	NFLX	Netflix Downward Rally	Pair Corr
0.98	MYMF	SPDR SSGA My2026	Pair Corr
0.99	SRLN	SPDR Blackstone Senior	Pair Corr
0.75	EUSB	iShares Trust	Pair Corr
0.95	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.96	VFVA	Vanguard Value Factor	Pair Corr
0.95	FXED	Tidal ETF Trust	Pair Corr

Related Correlations Analysis

	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO
DIEM		-0.97	0.95	0.98	0.97	0.95	0.96	0.97	0.98	DIEM
DIPS	-0.97		-0.96	-0.96	-0.95	-0.92	-0.93	-0.96	-0.97	DIPS
DISO	0.95	-0.96		0.96	0.94	0.89	0.95	0.95	0.94	DISO
DIVB	0.98	-0.96	0.96		0.98	0.98	0.96	0.99	0.99	DIVB
DIVD	0.97	-0.95	0.94	0.98		0.95	0.98	0.98	0.97	DIVD
DIVG	0.95	-0.92	0.89	0.98	0.95		0.9	0.97	0.97	DIVG
DIVI	0.96	-0.93	0.95	0.96	0.98	0.9		0.95	0.94	DIVI
DIVL	0.97	-0.96	0.95	0.99	0.98	0.97	0.95		0.99	DIVL
DIVO	0.98	-0.97	0.94	0.99	0.97	0.97	0.94	0.99		DIVO
	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO

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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

DIVL	+ 0.99	DIVB
DIVO	+ 0.99	DIVB
DIVO	+ 0.99	DIVL
DIVB	+ 0.98	DIEM
DIVO	+ 0.98	DIEM
DIVD	+ 0.98	DIVB

High negative correlations

DIVO	- 0.97	DIPS
DIPS	- 0.97	DIEM
DIVL	- 0.96	DIPS
DIVB	- 0.96	DIPS
DISO	- 0.96	DIPS
DIVD	- 0.95	DIPS

Nuveen Preferred Constituents Risk-Adjusted Indicators

There is a big difference between Nuveen Etf performing well and Nuveen Preferred 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 Nuveen Preferred'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
DIEM	0.55	0.18	0.18	0.53	0.11	(0.68)	1.52	(1.02)	4.00
DIPS	1.51	(0.46)	0.00	0.59	0.00	0.00	2.74	(4.05)	13.70
DISO	0.83	0.30	0.29	0.61	0.35	(1.10)	1.85	(1.28)	8.62
DIVB	0.62	0.08	0.06	0.23	0.49	(0.71)	1.64	(1.21)	4.54
DIVD	0.54	0.07	0.03	0.26	0.45	(0.61)	1.31	(1.13)	3.11
DIVG	0.63	0.03	0.00	0.17	0.72	(0.65)	1.45	(1.19)	4.55
DIVI	0.57	0.12	0.07	0.39	0.41	(0.64)	1.37	(1.07)	3.32
DIVL	0.62	0.04	(0.01)	0.19	0.66	(0.70)	1.46	(1.33)	5.05
DIVO	0.48	0.03	(0.02)	0.17	0.50	(0.55)	1.31	(1.10)	3.08

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