Pacer Export Correlations

PEXL Etf

USD 53.38 0.05 0.09%

The current 90-days correlation between Pacer Export Leaders and Vanguard Mid Cap Index is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacer Export moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Export Leaders moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pacer Export Correlation With Market

Good diversification

The correlation between Pacer Export Leaders and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Export Leaders and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pacer Etf

0.98	VO	Vanguard Mid Cap	Pair Corr
0.73	VXF	Vanguard Extended Market	Pair Corr
0.74	IJH	iShares Core SP	Pair Corr
0.74	MDY	SPDR SP MIDCAP	Pair Corr
0.67	XMMO	Invesco SP MidCap	Pair Corr
0.66	PMBS	PIMCO Mortgage Backed	Pair Corr
0.7	SIXD	AIM ETF Products	Pair Corr
0.98	CEFD	ETRACS Monthly Pay	Pair Corr
0.82	KGRN	KraneShares MSCI China	Pair Corr
0.98	BUFD	FT Cboe Vest	Pair Corr
0.69	EUSB	iShares Trust	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.96	CSCO	Cisco Systems	Pair Corr
0.97	MSFT	Microsoft Aggressive Push	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.91	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.61	XOM	Exxon Mobil Corp	Pair Corr
0.9	MMM	3M Company	Pair Corr
0.98	CAT	Caterpillar	Pair Corr
0.92	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.95	AXP	American Express	Pair Corr
0.96	BAC	Bank of America	Pair Corr
0.92	GE	GE Aerospace Earnings Call Today	Pair Corr

Moving against Pacer Etf

0.96	VIXY	ProShares VIX Short	Pair Corr
0.95	VXX	iPath Series B	Pair Corr
0.79	YCL	ProShares Ultra Yen	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.59	KO	Coca Cola Earnings Call Today	Pair Corr
0.55	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VO	VXF	IJH	IWR	MDY	FV	IVOO	JHMM	BBMC	XMMO
VO		0.71	0.72	0.52	0.72	0.48	0.54	0.54	0.52	0.63	VO
VXF	0.71		0.99	0.75	0.99	0.73	0.76	0.76	0.76	0.85	VXF
IJH	0.72	0.99		0.73	1.0	0.71	0.75	0.75	0.74	0.84	IJH
IWR	0.52	0.75	0.73		0.73	0.99	0.99	1.0	1.0	0.85	IWR
MDY	0.72	0.99	1.0	0.73		0.71	0.75	0.75	0.74	0.84	MDY
FV	0.48	0.73	0.71	0.99	0.71		0.99	0.99	0.99	0.84	FV
IVOO	0.54	0.76	0.75	0.99	0.75	0.99		1.0	0.99	0.85	IVOO
JHMM	0.54	0.76	0.75	1.0	0.75	0.99	1.0		1.0	0.85	JHMM
BBMC	0.52	0.76	0.74	1.0	0.74	0.99	0.99	1.0		0.84	BBMC
XMMO	0.63	0.85	0.84	0.85	0.84	0.84	0.85	0.85	0.84		XMMO
	VO	VXF	IJH	IWR	MDY	FV	IVOO	JHMM	BBMC	XMMO

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Pacer Export Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Export 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 Pacer Export'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
VO	0.64	0.10	0.09	0.25	0.62	(0.73)	1.69	(1.19)	4.85
VXF	0.79	0.18	0.16	0.35	0.51	(0.89)	2.16	(1.13)	6.44
IJH	0.72	0.22	0.09	34.13	0.67	(0.89)	2.16	(1.28)	6.29
IWR	0.64	0.12	0.10	0.31	0.51	(0.73)	1.86	(1.00)	5.13
MDY	0.72	0.00	0.09	0.00	0.65	(0.89)	2.13	(1.31)	6.20
FV	0.61	0.22	0.12	8.80	0.33	(0.70)	1.68	(0.99)	4.70
IVOO	0.73	0.10	0.08	0.25	0.69	(0.86)	2.11	(1.28)	6.21
JHMM	0.67	0.10	0.08	0.27	0.58	(0.80)	2.01	(1.04)	5.83
BBMC	0.71	0.12	0.10	0.30	0.59	(0.84)	2.00	(1.08)	6.23
XMMO	0.70	0.17	0.16	0.35	0.42	(0.76)	1.86	(1.02)	5.24

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