SEI Exchange Correlations

SEIQ Etf

USD 37.56 0.31 0.83%

The current 90-days correlation between SEI Exchange Traded and FT Vest Equity is 0.94 (i.e., Almost no diversification). The correlation of SEI Exchange 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SEI Exchange Correlation With Market

Almost no diversification

The correlation between SEI Exchange Traded and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEI Exchange Traded and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SEI Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SEI Exchange Traded. 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 SEI Etf

0.82	VTI	Vanguard Total Stock	Pair Corr
0.82	SPY	SPDR SP 500	Pair Corr
0.82	IVV	iShares Core SP	Pair Corr
0.8	VIG	Vanguard Dividend	Pair Corr
0.82	VV	Vanguard Large Cap	Pair Corr
0.81	RSP	Invesco SP 500	Pair Corr
0.82	IWB	iShares Russell 1000	Pair Corr
0.83	ESGU	iShares ESG Aware	Pair Corr
0.81	DFAC	Dimensional Core Equity	Pair Corr
0.82	SPLG	SPDR Portfolio SP	Pair Corr
0.84	EMC	Global X Funds	Pair Corr
0.76	JAVA	JPMorgan Active Value	Pair Corr
0.86	INTL	Main International ETF	Pair Corr
0.84	SHLD	Global X Funds Potential Growth	Pair Corr
0.84	NFLX	Netflix	Pair Corr
0.77	TSL	GraniteShares 125x Long	Pair Corr
0.82	DHSB	Strategy Shares	Pair Corr
0.72	ESGS	Columbia Sustainable	Pair Corr
0.8	EMPB	Efficient Market Por	Pair Corr
0.78	XB	BondBloxx ETF Trust	Pair Corr
0.95	CAT	Caterpillar Sell-off Trend	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.94	JPM	JPMorgan Chase	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.96	BA	Boeing Aggressive Push	Pair Corr
0.72	T	ATT Inc	Pair Corr
0.76	HD	Home Depot Sell-off Trend	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr
0.96	BAC	Bank of America Aggressive Push	Pair Corr
0.76	WMT	Walmart	Pair Corr

Moving against SEI Etf

0.75	HUM	Humana Inc	Pair Corr
0.37	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	DISV	DIVN	DJAN	MDLV	DJUL
DHDG		0.96	0.98	0.74	0.98	-0.23	0.96	0.65	0.7	DHDG
MBCC	0.96		0.95	0.84	0.95	-0.26	1.0	0.77	0.83	MBCC
DIHP	0.98	0.95		0.75	0.99	-0.21	0.95	0.69	0.71	DIHP
MCDS	0.74	0.84	0.75		0.75	-0.24	0.82	0.94	0.97	MCDS
DISV	0.98	0.95	0.99	0.75		-0.26	0.96	0.71	0.73	DISV
DIVN	-0.23	-0.26	-0.21	-0.24	-0.26		-0.3	-0.28	-0.32	DIVN
DJAN	0.96	1.0	0.95	0.82	0.96	-0.3		0.75	0.82	DJAN
MDLV	0.65	0.77	0.69	0.94	0.71	-0.28	0.75		0.95	MDLV
DJUL	0.7	0.83	0.71	0.97	0.73	-0.32	0.82	0.95		DJUL
	DHDG	MBCC	DIHP	MCDS	DISV	DIVN	DJAN	MDLV	DJUL

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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

DJAN	+ 1.0	MBCC
DISV	+ 0.99	DIHP
DIHP	+ 0.98	DHDG
DISV	+ 0.98	DHDG
DJUL	+ 0.97	MCDS
MBCC	+ 0.96	DHDG

High negative correlations

DJUL	- 0.32	DIVN
DJAN	- 0.3	DIVN
MDLV	- 0.28	DIVN
DIVN	- 0.26	DISV
DIVN	- 0.26	MBCC
DIVN	- 0.24	MCDS

SEI Exchange Constituents Risk-Adjusted Indicators

There is a big difference between SEI Etf performing well and SEI Exchange 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 SEI Exchange'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
DHDG	0.32	0.04	(0.03)	0.19	0.46	(0.30)	1.03	(0.96)	5.20
MBCC	1.01	0.05	0.03	0.15	1.74	(1.00)	2.25	(2.07)	11.66
DIHP	0.78	0.08	0.04	0.22	1.22	(0.79)	1.60	(1.52)	8.25
MCDS	0.95	0.34	0.18	(1.47)	0.76	(1.10)	2.04	(1.72)	11.72
DISV	0.78	0.15	0.06	0.31	1.40	(0.89)	1.72	(1.08)	7.92
DIVN	0.42	0.00	0.00	0.00	0.00	0.00	1.67	0.00	1.67
DJAN	0.51	0.04	(0.01)	0.19	0.72	(0.52)	1.06	(1.18)	5.11
MDLV	0.62	0.18	0.07	(0.98)	0.54	(0.65)	1.53	(1.14)	6.20
DJUL	0.59	0.24	0.18	(2.28)	0.31	(0.69)	1.28	(1.10)	6.58

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