Global X Correlations

Etfs . USA . 
Etf . Global X Infrastructure
PAVE Etf  USD 45.43  0.05  0.11%   
The current 90-days correlation between Global X Infrastructure and iShares Infrastructure ETF is 0.89 (i.e., Very poor diversification). The correlation of Global X 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.

Global X Correlation With Market

Very poor diversification

The correlation between Global X Infrastructure and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Infrastructure and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Global Etf
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global X Infrastructure. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Global Etf

  0.93IGF iShares Global InfraPairCorr
  0.92NFRA FlexShares STOXX GlobalPairCorr
  1.0IFRA iShares InfrastructurePairCorr
  0.93GII SPDR SP GlobalPairCorr
  0.99SIMS SPDR SP KenshoPairCorr
  0.79INFR ClearBridge SustainablePairCorr
  0.73BLLD JPMorganPairCorr
  0.98XKII SPDR Kensho IntelligentPairCorr
  0.99UPRO ProShares UltraPro SP500PairCorr
  0.99QTJA Innovator ETFs TrustPairCorr
  0.97QTOC Innovator ETFs TrustPairCorr
  0.99XTOC Innovator ETFs TrustPairCorr
  0.97QTAP Innovator Growth 100PairCorr
  0.97XTJA Innovator ETFs TrustPairCorr
  0.99XTAP Innovator Equity AccPairCorr
  0.68EUSB iShares TrustPairCorr
  0.89VABS Virtus Newfleet ABSMBSPairCorr
  0.98BUFD FT Cboe VestPairCorr
  0.86KGRN KraneShares MSCI ChinaPairCorr
  0.96DIS Walt DisneyPairCorr
  0.95GE GE Aerospace Earnings Call This WeekPairCorr
  0.93DD Dupont De NemoursPairCorr
  0.92AA Alcoa CorpPairCorr
  0.85PFE Pfizer IncPairCorr
  0.98AXP American ExpressPairCorr
  0.94MMM 3M CompanyPairCorr
  0.98CAT CaterpillarPairCorr
  0.91IBM International Business Earnings Call This WeekPairCorr
  0.96BA BoeingPairCorr

Moving against Global Etf

  0.62MCD McDonaldsPairCorr
  0.58KO Coca Cola Earnings Call This WeekPairCorr
  0.36VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

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Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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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