ETF Series Correlations

Etfs . USA . 
Etf . ETF Series Solutions
SMIG Etf  USD 29.49  0.04  0.14%   
The current 90-days correlation between ETF Series Solutions and Vanguard Mid Cap Value is 0.89 (i.e., Very poor diversification). The correlation of ETF Series 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.

ETF Series Correlation With Market

Very poor diversification

The correlation between ETF Series Solutions and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETF Series Solutions and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with ETF Etf
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETF Series Solutions. 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 ETF Etf

  0.66VOE Vanguard Mid CapPairCorr
  0.67SDY SPDR SP DividendPairCorr
  0.69IWS iShares Russell MidPairCorr
  0.71COWZ Pacer Cash CowsPairCorr
  0.7DON WisdomTree MidCapPairCorr
  0.7RPV Invesco SP 500PairCorr
  0.62PEY Invesco High YieldPairCorr
  0.71PKW Invesco BuyBack AchieversPairCorr
  0.67ONEY SPDR Russell 1000PairCorr
  0.63CEFD ETRACS Monthly PayPairCorr
  0.73VFVA Vanguard Value FactorPairCorr
  0.84NFLX Netflix Downward RallyPairCorr
  0.84KWEB KraneShares CSI China Aggressive PushPairCorr
  0.63CGGO Capital Group GlobalPairCorr
  0.94QTOC Innovator ETFs TrustPairCorr
  0.96PFUT Putnam Sustainable FuturePairCorr
  0.64MYMF SPDR SSGA My2026PairCorr
  0.94BUFD FT Cboe VestPairCorr
  0.93SRLN SPDR Blackstone SeniorPairCorr
  0.87KGRN KraneShares MSCI ChinaPairCorr
  0.77VABS Virtus Newfleet ABSMBSPairCorr

Moving against ETF Etf

  0.7VXX iPath Series BPairCorr
  0.66VIXY ProShares VIX ShortPairCorr
  0.43YCL ProShares Ultra YenPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

ETF Series Constituents Risk-Adjusted Indicators

There is a big difference between ETF Etf performing well and ETF Series 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 ETF Series' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VOE  0.62  0.10  0.07  0.28  0.54 
(0.69)
 1.62 
(1.08)
 4.42 
SDY  0.59  0.16  0.01 (0.74) 0.55 
(0.64)
 1.69 
(1.15)
 3.81 
IWS  0.65  0.27  0.13 (1.40) 0.48 
(0.74)
 1.83 
(1.03)
 5.15 
SPYD  0.59  0.15 (0.01)(0.57) 0.69 
(0.61)
 1.51 
(1.06)
 4.75 
COWZ  0.68  0.10  0.09  0.26  0.46 
(0.83)
 1.81 
(0.94)
 5.57 
DON  0.72  0.22  0.07 (1.05) 0.70 
(0.79)
 1.91 
(1.14)
 5.49 
RPV  0.66  0.07  0.04  0.23  0.59 
(0.74)
 1.60 
(0.99)
 4.99 
PEY  0.76  0.18  0.03 (0.79) 0.76 
(0.91)
 1.80 
(1.47)
 5.37 
PKW  0.68  0.32  0.23 (6.48) 0.24 
(0.81)
 2.05 
(0.94)
 5.54 
ONEY  0.64  0.19  0.04 (0.96) 0.56 
(0.72)
 1.68 
(1.14)
 4.58 

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