Global X Correlations

ASEA Etf

USD 16.18 0.11 0.68%

The current 90-days correlation between Global X FTSE and Global X is 0.1 (i.e., Average 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

Good diversification

The correlation between Global X FTSE and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X FTSE and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X FTSE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Global Etf

0.81	BBAX	JPMorgan BetaBuilders	Pair Corr
0.84	AAXJ	iShares MSCI All	Pair Corr
0.89	EPP	iShares MSCI Pacific	Pair Corr
0.7	AIA	iShares Asia 50	Pair Corr
0.78	GMF	SPDR SP Emerging	Pair Corr
0.77	FLAX	Franklin FTSE Asia	Pair Corr
0.94	DVYA	iShares AsiaPacific	Pair Corr
0.73	FPA	First Trust Asia	Pair Corr
0.73	MINV	Matthews Asia Innovators	Pair Corr

Moving against Global Etf

0.79	BIL	SPDR Bloomberg 1	Pair Corr
0.77	OBIL	US Treasury 12	Pair Corr
0.58	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.53	FBGX	UBS	Pair Corr
0.43	IWF	iShares Russell 1000	Pair Corr

Related Correlations Analysis

	EMFM	CHIM	CHII	CHIE	ARGT
EMFM		0.48	0.32	0.45	-0.03	EMFM
CHIM	0.48		0.92	0.83	-0.81	CHIM
CHII	0.32	0.92		0.93	-0.85	CHII
CHIE	0.45	0.83	0.93		-0.68	CHIE
ARGT	-0.03	-0.81	-0.85	-0.68		ARGT
	EMFM	CHIM	CHII	CHIE	ARGT

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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

CHIE	+ 0.93	CHII
CHII	+ 0.92	CHIM
CHIE	+ 0.83	CHIM
CHIM	+ 0.48	EMFM
CHIE	+ 0.45	EMFM
CHII	+ 0.32	EMFM

High negative correlations

ARGT	- 0.85	CHII
ARGT	- 0.81	CHIM
ARGT	- 0.68	CHIE
ARGT	- 0.03	EMFM

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
EMFM	0.48	0.04	(0.01)	(1.26)	0.53	(0.52)	0.97	(0.82)	2.76
CHIM	1.15	(0.23)	0.00	(1.14)	0.00	0.00	1.99	(2.45)	7.50
CHII	0.90	(0.13)	0.00	(2.04)	0.00	0.00	1.84	(2.05)	5.46
CHIE	1.09	(0.08)	0.00	(0.29)	0.00	0.00	2.23	(2.06)	6.28
ARGT	1.27	0.33	0.16	(5.45)	1.54	(1.39)	3.29	(2.22)	10.25

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