US Treasury Correlations

UTRE Etf

49.23 0.10 0.18%

The correlation of US Treasury 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.

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Moving together with UTRE Etf

0.71	SHY	iShares 1 3 Sell-off Trend	Pair Corr
0.76	LMBS	First Trust Low	Pair Corr
0.97	SPTS	SPDR Barclays Short	Pair Corr
0.94	AGZ	iShares Agency Bond	Pair Corr
0.99	UTWO	Rbb Fund	Pair Corr
0.98	XTWO	Bondbloxx ETF Trust	Pair Corr
1.0	XTRE	Bondbloxx ETF Trust	Pair Corr
0.95	SLDR	Global X Short	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.83	0.84	0.63	0.9	0.52	0.94	-0.11	0.33	META
MSFT	0.97		0.9	0.87	0.63	0.82	0.56	0.95	-0.23	0.22	MSFT
UBER	0.83	0.9		0.9	0.55	0.72	0.77	0.91	-0.29	0.16	UBER
F	0.84	0.87	0.9		0.65	0.83	0.66	0.92	-0.05	0.42	F
T	0.63	0.63	0.55	0.65		0.72	0.31	0.67	0.29	0.45	T
A	0.9	0.82	0.72	0.83	0.72		0.49	0.87	0.19	0.61	A
CRM	0.52	0.56	0.77	0.66	0.31	0.49		0.57	-0.18	0.14	CRM
JPM	0.94	0.95	0.91	0.92	0.67	0.87	0.57		-0.13	0.36	JPM
MRK	-0.11	-0.23	-0.29	-0.05	0.29	0.19	-0.18	-0.13		0.55	MRK
XOM	0.33	0.22	0.16	0.42	0.45	0.61	0.14	0.36	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.94	META
JPM	+ 0.92	F
JPM	+ 0.91	UBER
A	+ 0.9	META

High negative correlations

MRK	- 0.29	UBER
MRK	- 0.23	MSFT
MRK	- 0.18	CRM
MRK	- 0.13	JPM
MRK	- 0.11	META
MRK	- 0.05	F

US Treasury Competition Risk-Adjusted Indicators

There is a big difference between UTRE Etf performing well and US Treasury 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 US Treasury'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
META	2.05	0.22	0.10	0.24	2.31	(2.34)	4.23	(3.68)	21.50
MSFT	1.20	0.34	0.23	0.45	0.94	(1.38)	2.40	(2.36)	13.79
UBER	1.97	0.28	0.13	0.31	2.17	(2.32)	5.87	(3.48)	16.18
F	1.69	0.19	0.08	0.31	2.21	(1.80)	3.70	(3.74)	13.07
T	1.18	(0.01)	(0.04)	0.07	1.89	(1.11)	2.36	(2.62)	8.47
A	1.76	(0.05)	(0.01)	0.07	2.46	(1.75)	2.76	(4.15)	14.46
CRM	1.57	(0.08)	(0.03)	0.04	2.26	(1.53)	3.01	(3.64)	13.13
JPM	1.26	0.20	0.09	0.29	1.93	(1.30)	2.75	(1.75)	11.14
MRK	1.58	(0.21)	0.00	(0.17)	0.00	0.00	3.35	(4.58)	10.58
XOM	1.41	(0.14)	0.00	(0.08)	0.00	0.00	2.62	(3.04)	10.53

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US Treasury Correlations

Moving together with UTRE Etf

Related Correlations Analysis

Correlation Matchups

US Treasury Competition Risk-Adjusted Indicators

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