Global X Correlations

XYLG Etf

USD 27.77 0.08 0.29%

The current 90-days correlation between Global X SP and Global X Nasdaq is 0.89 (i.e., Very poor diversification). The correlation of Global X 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.

Global X Correlation With Market

Poor diversification

The correlation between Global X SP and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X SP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

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

Moving together with Global Etf

0.87	JEPI	JPMorgan Equity Premium	Pair Corr
0.86	XYLD	Global X SP	Pair Corr
0.9	DIVO	Amplify CWP Enhanced	Pair Corr
0.85	RYLD	Global X Russell	Pair Corr
0.88	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.81	KNG	FT Cboe Vest	Pair Corr
0.86	BUYW	Main Buywrite ETF	Pair Corr
0.86	IDME	International Drawdown Low Volatility	Pair Corr
0.65	PMBS	PIMCO Mortgage Backed	Pair Corr
0.89	ITDD	iShares Trust	Pair Corr
0.67	HIDE	Alpha Architect High	Pair Corr
0.82	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.87	QTOC	Innovator ETFs Trust	Pair Corr
0.63	KGRN	KraneShares MSCI China	Pair Corr
0.83	PFUT	Putnam Sustainable Future	Pair Corr
0.74	VBF	Invesco Van Kampen	Pair Corr
0.67	EUSB	iShares Trust	Pair Corr
0.88	CGGO	Capital Group Global	Pair Corr
0.87	SRLN	SPDR Blackstone Senior Sell-off Trend	Pair Corr
0.81	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr
0.89	BUFD	FT Cboe Vest	Pair Corr

Related Correlations Analysis

	QYLG	XYLD	RYLD	XRMI	DIVO
QYLG		0.85	0.84	0.84	0.9	QYLG
XYLD	0.85		0.99	0.97	0.96	XYLD
RYLD	0.84	0.99		0.96	0.95	RYLD
XRMI	0.84	0.97	0.96		0.93	XRMI
DIVO	0.9	0.96	0.95	0.93		DIVO
	QYLG	XYLD	RYLD	XRMI	DIVO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
QYLG	0.53	0.19	0.19	0.46	0.02	(0.63)	1.91	(0.63)	3.39
XYLD	0.25	0.07	(0.04)	0.38	0.00	(0.28)	0.73	(0.36)	2.39
RYLD	0.37	0.10	0.03	0.43	0.17	(0.46)	1.07	(0.61)	3.26
XRMI	0.21	0.00	(0.17)	0.00	0.09	(0.23)	0.46	(0.39)	1.44
DIVO	0.48	0.09	0.05	0.27	0.39	(0.57)	1.31	(0.63)	3.08

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Global X Correlations

Global X Correlation With Market

Poor diversification

Moving together with Global Etf

Related Correlations Analysis

Global X Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY