Real Estate Correlations

XLRE Etf

USD 40.99 0.10 0.24%

The current 90-days correlation between Real Estate and Vert Global Sustainable is 0.08 (i.e., Significant diversification). The correlation of Real Estate 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.

Real Estate Correlation With Market

Very weak diversification

The correlation between The Real Estate and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Real Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in The Real Estate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Real Etf

0.96	VNQ	Vanguard Real Estate	Pair Corr
0.97	IYR	iShares Real Estate	Pair Corr
0.68	ICF	iShares Cohen Steers	Pair Corr
0.65	USRT	iShares Core REIT	Pair Corr
0.73	IRET	iREIT MarketVector	Pair Corr
0.65	RWR	SPDR Dow Jones	Pair Corr
0.61	PFFL	ETRACS 2xMonthly Pay	Pair Corr

Moving against Real Etf

0.64	VIXM	ProShares VIX Mid	Pair Corr
0.62	VXZ	iPath Series B	Pair Corr
0.52	CSCO	Cisco Systems	Pair Corr
0.38	SIXD	AIM ETF Products	Pair Corr
0.35	VXX	iPath Series B	Pair Corr
0.34	VIXY	ProShares VIX Short	Pair Corr
0.41	CAT	Caterpillar	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr
0.31	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	VGSR	DTRE	MORT	VNQI	MVRL	NETL	ERET	NRSH	NURE
VGSR		0.65	0.25	0.84	0.28	0.7	0.91	0.32	0.44	VGSR
DTRE	0.65		-0.04	0.61	-0.02	0.14	0.69	0.66	-0.16	DTRE
MORT	0.25	-0.04		0.28	0.96	0.62	0.37	-0.4	0.69	MORT
VNQI	0.84	0.61	0.28		0.32	0.58	0.91	0.33	0.33	VNQI
MVRL	0.28	-0.02	0.96	0.32		0.63	0.38	-0.4	0.68	MVRL
NETL	0.7	0.14	0.62	0.58	0.63		0.67	-0.34	0.89	NETL
ERET	0.91	0.69	0.37	0.91	0.38	0.67		0.28	0.41	ERET
NRSH	0.32	0.66	-0.4	0.33	-0.4	-0.34	0.28		-0.61	NRSH
NURE	0.44	-0.16	0.69	0.33	0.68	0.89	0.41	-0.61		NURE
	VGSR	DTRE	MORT	VNQI	MVRL	NETL	ERET	NRSH	NURE

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

MVRL	+ 0.96	MORT
ERET	+ 0.91	VGSR
ERET	+ 0.91	VNQI
NURE	+ 0.89	NETL
VNQI	+ 0.84	VGSR
NETL	+ 0.7	VGSR

High negative correlations

NURE	- 0.61	NRSH
NRSH	- 0.4	MVRL
NRSH	- 0.4	MORT
NRSH	- 0.34	NETL
NURE	- 0.16	DTRE
MORT	- 0.04	DTRE

Real Estate Constituents Risk-Adjusted Indicators

There is a big difference between Real Etf performing well and Real Estate 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 Real Estate'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
VGSR	0.60	(0.03)	0.00	(0.08)	0.00	0.00	1.06	(1.42)	3.39
DTRE	0.56	(0.01)	(0.07)	(0.02)	0.80	(0.55)	1.02	(1.25)	3.53
MORT	0.76	0.02	(0.02)	0.15	0.82	(0.85)	1.50	(1.33)	3.42
VNQI	0.52	(0.02)	(0.10)	(0.05)	0.64	(0.51)	0.98	(1.04)	2.28
MVRL	1.32	0.02	(0.01)	0.13	1.65	(1.46)	2.94	(2.63)	9.61
NETL	0.65	(0.04)	0.00	(0.18)	0.00	0.00	1.13	(1.46)	3.00
ERET	0.52	0.00	(0.06)	0.04	0.73	(0.49)	1.03	(1.18)	3.49
NRSH	1.23	0.07	0.02	0.22	1.67	(1.23)	2.78	(2.68)	8.55
NURE	0.67	(0.07)	0.00	(0.41)	0.00	0.00	1.17	(1.28)	4.21

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