Correlation Between Hartford Global and Qs Global

Can any of the company-specific risk be diversified away by investing in both Hartford Global and Qs Global at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Hartford Global and Qs Global into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between The Hartford Global and Qs Global Equity, you can compare the effects of market volatilities on Hartford Global and Qs Global and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Hartford Global with a short position of Qs Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hartford Global and Qs Global.

Diversification Opportunities for Hartford Global and Qs Global

0.54

Correlation Coefficient

Hartford Global  Qs Global

Very weak diversification

The 3 months correlation between Hartford and SMYIX is 0.54. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Global and Qs Global Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Qs Global Equity and Hartford Global is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on The Hartford Global are associated (or correlated) with Qs Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Qs Global Equity has no effect on the direction of Hartford Global i.e., Hartford Global and Qs Global go up and down completely randomly.

Pair Corralation between Hartford Global and Qs Global

Assuming the 90 days horizon The Hartford Global is expected to under-perform the Qs Global. But the mutual fund apears to be less risky and, when comparing its historical volatility, The Hartford Global is 1.68 times less risky than Qs Global. The mutual fund trades about -0.01 of its potential returns per unit of risk. The Qs Global Equity is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest  2,556  in Qs Global Equity on October 8, 2025 and sell it today you would earn a total of  279.00  from holding Qs Global Equity or generate 10.92% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

The Hartford Global  vs.  Qs Global Equity

Hartford Global

Risk-Adjusted Performance

Weakest

Over the last 90 days The Hartford Global has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Hartford Global is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Qs Global Equity

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Qs Global Equity are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Qs Global may actually be approaching a critical reversion point that can send shares even higher in February 2026.

Pair Trading with Hartford Global and Qs Global

The main advantage of trading using opposite Hartford Global and Qs Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hartford Global position performs unexpectedly, Qs Global can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Qs Global will offset losses from the drop in Qs Global's long position.

The idea behind The Hartford Global and Qs Global Equity pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.