Evolve Canadian Correlations

AGG Fund

19.70 0.04 0.20%

The current 90-days correlation between Evolve Canadian Aggregate and Evolve Artificial Intelligence is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evolve Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Canadian Aggregate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Evolve Canadian Correlation With Market

Good diversification

The correlation between Evolve Canadian Aggregate and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolve Canadian Aggregate and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Evolve Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolve Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evolve Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evolve Canadian Aggregate to buy it.

Moving together with Evolve Fund

0.67	0P0000IUYO	Edgepoint Global Por	Pair Corr
0.67	0P0001FAU8	TD Comfort Balanced	Pair Corr
0.74	CORE	PIMCO Canadian Core	Pair Corr
0.72	SUN104	Sun Life Mfs	Pair Corr
0.61	FCEM	Fidelity Emerging Markets	Pair Corr

Moving against Evolve Fund

0.67

0P0000732C

Ninepoint Energy

Pair Corr

Related Correlations Analysis

	AGG	ARTI	FTHI	0P00007694	BLB-UN	0P0001N8MZ	0P000075GQ	HIG	0P0000VPWA
AGG		-0.39	0.17	0.32	-0.36	0.67	0.4	0.55	0.4	AGG
ARTI	-0.39		0.54	0.32	0.57	-0.22	-0.11	-0.27	0.17	ARTI
FTHI	0.17	0.54		0.42	0.48	0.19	0.01	0.21	0.65	FTHI
0P00007694	0.32	0.32	0.42		0.22	0.47	0.4	0.47	0.41	0P00007694
BLB-UN	-0.36	0.57	0.48	0.22		-0.22	-0.14	-0.18	0.15	BLB-UN
0P0001N8MZ	0.67	-0.22	0.19	0.47	-0.22		0.28	0.91	0.42	0P0001N8MZ
0P000075GQ	0.4	-0.11	0.01	0.4	-0.14	0.28		0.35	0.21	0P000075GQ
HIG	0.55	-0.27	0.21	0.47	-0.18	0.91	0.35		0.47	HIG
0P0000VPWA	0.4	0.17	0.65	0.41	0.15	0.42	0.21	0.47		0P0000VPWA
	AGG	ARTI	FTHI	0P00007694	BLB-UN	0P0001N8MZ	0P000075GQ	HIG	0P0000VPWA

Click cells to compare fundamentals

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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

HIG	+ 0.91	0P0001N8MZ
0P0001N8MZ	+ 0.67	AGG
0P0000VPWA	+ 0.65	FTHI
BLB-UN	+ 0.57	ARTI
HIG	+ 0.55	AGG
FTHI	+ 0.54	ARTI

High negative correlations

ARTI	- 0.39	AGG
BLB-UN	- 0.36	AGG
HIG	- 0.27	ARTI
0P0001N8MZ	- 0.22	BLB-UN
0P0001N8MZ	- 0.22	ARTI
HIG	- 0.18	BLB-UN

Risk-Adjusted Indicators

There is a big difference between Evolve Fund performing well and Evolve Canadian Fund 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 Evolve Canadian'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
AGG	0.31	0.01	0.32	(0.46)	0.30	(0.39)	0.61	(0.61)	2.07
ARTI	1.21	(0.08)	0.00	(0.23)	0.00	0.00	2.33	(2.83)	6.98
FTHI	0.53	(0.04)	0.00	(0.25)	0.00	0.00	1.04	(1.26)	3.79
0P00007694	0.72	(0.09)	0.00	(0.29)	0.00	0.00	1.10	(1.63)	6.45
BLB-UN	0.37	0.01	0.08	(0.04)	0.55	(1.99)	1.79	(1.77)	4.46
0P0001N8MZ	0.59	0.04	0.17	(0.68)	0.77	(0.57)	1.26	(1.25)	3.25
0P000075GQ	0.11	(0.05)	0.00	(2.77)	0.00	0.00	0.11	0.00	2.04
HIG	0.59	0.09	0.25	0.80	0.58	(0.73)	1.37	(1.23)	3.61
0P0000VPWA	0.28	(0.03)	0.00	2.42	0.00	0.00	0.63	(0.63)	1.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Evolve Canadian without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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