US Treasury Correlations

OBIL Etf

50.05 0.03 0.06%

The current 90-days correlation between US Treasury 12 and Rbb Fund is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as US Treasury moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Treasury 12 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

US Treasury Correlation With Market

Average diversification

The correlation between US Treasury 12 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 US Treasury 12 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with OBIL Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in US Treasury 12. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with OBIL Etf

0.9	SHY	iShares 1 3	Pair Corr
0.96	LMBS	First Trust Low	Pair Corr
0.91	SPTS	SPDR Barclays Short	Pair Corr
0.82	AGZ	iShares Agency Bond	Pair Corr
0.95	FTSD	Franklin Liberty Short	Pair Corr
0.85	UTWO	Rbb Fund	Pair Corr
0.89	XTWO	Bondbloxx ETF Trust	Pair Corr
0.8	XTRE	Bondbloxx ETF Trust	Pair Corr
0.94	TRSY	Xtrackers 0 1	Pair Corr
0.94	SLDR	Global X Short	Pair Corr
0.92	DHF	BNY Mellon High	Pair Corr
0.85	MAGS	Roundhill Magnificent	Pair Corr
0.95	ARP	Advisors Inner Circle	Pair Corr
0.82	PXMV	Invesco SP MidCap	Pair Corr
0.62	IGA	Voya Global Advantage	Pair Corr
0.91	SEMI	Columbia Seligman	Pair Corr
0.89	HIDE	Alpha Architect High	Pair Corr
0.85	QTOC	Innovator ETFs Trust	Pair Corr
0.84	NFLX	Netflix Downward Rally	Pair Corr
0.87	EUSB	iShares Trust	Pair Corr
0.98	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.76	VBF	Invesco Van Kampen	Pair Corr
0.88	CGGO	Capital Group Global	Pair Corr
0.76	PFUT	Putnam Sustainable Future	Pair Corr
0.61	KGRN	KraneShares MSCI China	Pair Corr
0.89	BUFD	FT Cboe Vest	Pair Corr
0.96	SPIB	SPDR Barclays Interm	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.57	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.59	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.54	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.73	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.16	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.63	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.08	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.68	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.56	MRK
XOM	0.57	0.59	0.54	0.73	0.16	0.63	-0.08	0.68	0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.08	CRM

US Treasury Competition Risk-Adjusted Indicators

There is a big difference between OBIL Etf performing well and US Treasury 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 US Treasury'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
META	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.08	0.14	0.00	(9.00)	1.19	(1.12)	2.40	(2.51)	5.84

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