OneAscent Small Correlations
OASC Etf | 26.51 0.36 1.34% |
The current 90-days correlation between OneAscent Small Cap and BNY Mellon Mid is 0.03 (i.e., Significant diversification). The correlation of OneAscent Small 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.
OneAscent Small Correlation With Market
Average diversification
The correlation between OneAscent Small Cap 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 OneAscent Small Cap and DJI in the same portfolio, assuming nothing else is changed.
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0.97 | VB | Vanguard Small Cap | PairCorr |
0.94 | IJR | iShares Core SP | PairCorr |
0.94 | IWM | iShares Russell 2000 | PairCorr |
0.96 | VRTIX | Vanguard Russell 2000 | PairCorr |
0.94 | VTWO | Vanguard Russell 2000 | PairCorr |
0.94 | FNDA | Schwab Fundamental Small | PairCorr |
0.95 | SPSM | SPDR Portfolio SP | PairCorr |
0.95 | DFAS | Dimensional Small Cap | PairCorr |
0.94 | VIOO | Vanguard SP Small | PairCorr |
0.97 | PRFZ | Invesco FTSE RAFI | PairCorr |
0.96 | VTI | Vanguard Total Stock | PairCorr |
0.96 | SPY | SPDR SP 500 | PairCorr |
0.96 | IVV | iShares Core SP | PairCorr |
0.94 | VTV | Vanguard Value Index | PairCorr |
0.96 | VUG | Vanguard Growth Index | PairCorr |
0.95 | VO | Vanguard Mid Cap | PairCorr |
0.92 | VEA | Vanguard FTSE Developed | PairCorr |
0.65 | CERY | SPDR Series Trust | PairCorr |
0.81 | VBF | Invesco Van Kampen | PairCorr |
0.87 | NFLX | Netflix | PairCorr |
0.62 | EUSB | iShares Trust | PairCorr |
0.82 | SPIB | SPDR Barclays Interm | PairCorr |
0.84 | VABS | Virtus Newfleet ABSMBS | PairCorr |
0.91 | FXED | Tidal ETF Trust | PairCorr |
0.96 | BUFD | FT Cboe Vest | PairCorr |
0.85 | KGRN | KraneShares MSCI China | PairCorr |
0.96 | SRLN | SPDR Blackstone Senior | PairCorr |
0.96 | CGGO | Capital Group Global | PairCorr |
0.96 | QTOC | Innovator ETFs Trust | PairCorr |
0.92 | MYMF | SPDR SSGA My2026 | PairCorr |
0.68 | HIDE | Alpha Architect High | PairCorr |
0.95 | VFVA | Vanguard Value Factor | PairCorr |
0.84 | KWEB | KraneShares CSI China | PairCorr |
0.93 | PFUT | Putnam Sustainable Future | PairCorr |
0.95 | DFEV | Dimensional ETF Trust | PairCorr |
0.79 | PALL | abrdn Physical Palladium | PairCorr |
Related Correlations Analysis
0.91 | 0.99 | 0.96 | 0.96 | BKMC | ||
0.91 | 0.94 | 0.92 | 0.92 | BKIE | ||
0.99 | 0.94 | 0.98 | 0.98 | BKLC | ||
0.96 | 0.92 | 0.98 | 0.97 | BKEM | ||
0.96 | 0.92 | 0.98 | 0.97 | BKHY | ||
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OneAscent Small Constituents Risk-Adjusted Indicators
There is a big difference between OneAscent Etf performing well and OneAscent Small 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 OneAscent Small'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BKMC | 0.77 | 0.08 | 0.08 | 0.24 | 0.72 | 2.12 | 6.68 | |||
BKIE | 0.55 | 0.11 | 0.01 | 0.44 | 0.40 | 1.27 | 3.21 | |||
BKLC | 0.61 | 0.13 | 0.13 | 0.32 | 0.32 | 1.92 | 4.87 | |||
BKEM | 0.63 | 0.17 | 0.11 | 0.54 | 0.39 | 1.72 | 4.54 | |||
BKHY | 0.22 | 0.04 | (0.28) | 0.33 | 0.00 | 0.58 | 1.92 |