Capital Group Correlations

CGCV Etf

26.71 0.21 0.79%

The current 90-days correlation between Capital Group Conser and Invesco Actively Managed is 0.15 (i.e., Average diversification). The correlation of Capital Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Capital Group Correlation With Market

Average diversification

The correlation between Capital Group Conservative and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Conservative 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 Capital Group Conservative. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Capital Etf

0.92	VTV	Vanguard Value Index	Pair Corr
0.83	VYM	Vanguard High Dividend	Pair Corr
0.88	IWD	iShares Russell 1000	Pair Corr
0.92	DGRO	iShares Core Dividend	Pair Corr
0.89	IVE	iShares SP 500	Pair Corr
0.78	DVY	iShares Select Dividend	Pair Corr
0.89	SPYV	SPDR Portfolio SP	Pair Corr
0.9	FVD	First Trust Value	Pair Corr
0.88	IUSV	iShares Core SP	Pair Corr
0.86	NOBL	ProShares SP 500	Pair Corr
0.66	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.64	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.65	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.74	AA	Alcoa Corp Downward Rally	Pair Corr
0.64	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Capital Etf

0.58

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	EFAA	EFFI	EGUS	EMCS	EQLT	EUSM	EVLU	EVUS	FINT
EFAA		0.0	-0.53	0.78	0.79	0.03	0.77	0.33	0.19	EFAA
EFFI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EFFI
EGUS	-0.53	0.0		-0.7	-0.69	-0.23	-0.7	-0.15	-0.09	EGUS
EMCS	0.78	0.0	-0.7		0.99	0.06	0.99	0.12	0.17	EMCS
EQLT	0.79	0.0	-0.69	0.99		0.04	0.99	0.17	0.16	EQLT
EUSM	0.03	0.0	-0.23	0.06	0.04		0.07	0.08	-0.07	EUSM
EVLU	0.77	0.0	-0.7	0.99	0.99	0.07		0.14	0.18	EVLU
EVUS	0.33	0.0	-0.15	0.12	0.17	0.08	0.14		0.26	EVUS
FINT	0.19	0.0	-0.09	0.17	0.16	-0.07	0.18	0.26		FINT
	EFAA	EFFI	EGUS	EMCS	EQLT	EUSM	EVLU	EVUS	FINT

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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

EQLT	+ 0.99	EMCS
EVLU	+ 0.99	EMCS
EVLU	+ 0.99	EQLT
EQLT	+ 0.79	EFAA
EMCS	+ 0.78	EFAA
EVLU	+ 0.77	EFAA

High negative correlations

EVLU	- 0.7	EGUS
EMCS	- 0.7	EGUS
EQLT	- 0.69	EGUS
EGUS	- 0.53	EFAA
EUSM	- 0.23	EGUS
EVUS	- 0.15	EGUS

Capital Group Constituents Risk-Adjusted Indicators

There is a big difference between Capital Etf performing well and Capital Group 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 Capital Group'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
EFAA	0.41	(0.09)	0.00	(0.40)	0.00	0.00	0.71	(1.10)	3.02
EFFI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGUS	0.77	0.16	0.12	1.20	0.93	(0.82)	1.69	(1.62)	5.66
EMCS	0.74	(0.17)	0.00	(1.78)	0.00	0.00	1.25	(2.26)	5.76
EQLT	0.62	(0.17)	0.00	(1.88)	0.00	0.00	1.01	(1.94)	4.84
EUSM	142.00	77.75	0.00	(1.27)	0.00	0.00	1,000.00	(0.89)	1,001
EVLU	0.70	(0.16)	0.00	(2.36)	0.00	0.00	1.27	(2.13)	4.78
EVUS	0.52	(0.04)	0.00	(0.18)	0.00	0.00	1.06	(0.85)	5.10
FINT	165.28	90.59	0.00	3.37	0.00	0.00	1,000.00	(1.18)	1,001

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