SEI Exchange Correlations

SEIV Etf

USD 34.49 0.11 0.32%

The current 90-days correlation between SEI Exchange Traded and FT Vest Equity is 0.93 (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

0.89	VTV	Vanguard Value Index	Pair Corr
0.93	VYM	Vanguard High Dividend	Pair Corr
0.94	IWD	iShares Russell 1000	Pair Corr
0.95	DGRO	iShares Core Dividend	Pair Corr
0.9	IVE	iShares SP 500	Pair Corr
0.8	DVY	iShares Select Dividend	Pair Corr
0.91	SPYV	SPDR Portfolio SP	Pair Corr
0.9	FVD	First Trust Value	Pair Corr
0.91	IUSV	iShares Core SP	Pair Corr
0.79	NOBL	ProShares SP 500	Pair Corr
0.72	GSIG	Goldman Sachs Access	Pair Corr
0.78	FLXR	TCW ETF Trust	Pair Corr
0.82	NFXL	Direxion Daily NFLX	Pair Corr
0.97	SPHY	SPDR Portfolio High	Pair Corr
0.91	GYLD	Arrow ETF Trust	Pair Corr
0.86	OBND	SSGA Active Trust	Pair Corr
0.96	SOXX	iShares Semiconductor ETF	Pair Corr
0.64	PSLV	Sprott Physical Silver	Pair Corr
0.82	COPJ	Sprott Junior Copper	Pair Corr
0.85	FID	First Trust Intl	Pair Corr
0.95	VOLT	Tema Electrification ETF	Pair Corr
0.99	BUFR	First Trust Cboe	Pair Corr
0.94	STXI	EA Series Trust	Pair Corr
0.84	BRRR	Valkyrie Bitcoin	Pair Corr
0.64	ODCEX	ODCEX	Pair Corr
0.96	XHYT	BondBloxx ETF Trust	Pair Corr
0.98	QGRW	WisdomTree Trust	Pair Corr
0.94	CGIE	Capital Group Intern	Pair Corr
0.95	EURL	Direxion Daily FTSE	Pair Corr
0.97	FORH	Formidable ETF	Pair Corr
0.84	ARKB	ARK 21Shares Bitcoin	Pair Corr

Moving against SEI Etf

0.83	WTID	UBS ETRACS	Pair Corr
0.83	ARKC	ARK 21Shares Active Low Volatility	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		0.89	0.96	0.93	0.46	0.91	0.9	-0.94	0.92	DHDG
MBCC	0.89		0.92	0.99	0.77	0.99	0.99	-0.98	0.99	MBCC
DIHP	0.96	0.92		0.94	0.61	0.92	0.91	-0.94	0.93	DIHP
DJAN	0.93	0.99	0.94		0.69	1.0	0.99	-0.99	1.0	DJAN
MDLV	0.46	0.77	0.61	0.69		0.68	0.69	-0.69	0.71	MDLV
DJUL	0.91	0.99	0.92	1.0	0.68		1.0	-0.98	1.0	DJUL
DJUN	0.9	0.99	0.91	0.99	0.69	1.0		-0.98	0.99	DJUN
SH	-0.94	-0.98	-0.94	-0.99	-0.69	-0.98	-0.98		-0.99	SH
VV	0.92	0.99	0.93	1.0	0.71	1.0	0.99	-0.99		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

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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

DJUL	+ 1.0	DJAN
VV	+ 1.0	DJAN
DJUN	+ 1.0	DJUL
VV	+ 1.0	DJUL
DJAN	+ 0.99	MBCC
DJUL	+ 0.99	MBCC

High negative correlations

VV	- 0.99	SH
SH	- 0.99	DJAN
SH	- 0.98	DJUN
SH	- 0.98	DJUL
SH	- 0.98	MBCC
SH	- 0.94	DIHP

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	0.35	0.05	0.06	0.15	0.48	(0.34)	1.03	(0.96)	5.20
MBCC	1.07	0.04	0.02	0.06	1.79	(1.03)	2.25	(2.29)	11.71
DIHP	0.77	0.06	0.04	0.10	1.26	(0.75)	1.62	(1.50)	8.25
DJAN	0.54	0.03	0.03	0.08	0.78	(0.53)	1.06	(1.18)	5.11
MDLV	0.71	(0.04)	0.00	(0.05)	0.00	0.00	1.48	(1.61)	6.20
DJUL	0.71	0.05	0.04	0.09	1.07	(0.70)	1.43	(1.53)	6.58
DJUN	0.77	0.06	0.04	0.09	1.06	(0.78)	1.44	(1.59)	7.09
SH	1.09	(0.06)	0.00	0.07	0.00	0.00	2.25	(2.09)	15.41
VV	1.13	0.08	0.04	0.09	1.75	(1.11)	2.09	(2.49)	13.29

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