Capital Group Correlations

CGDG Etf

29.68 0.18 0.61%

The current 90-days correlation between Capital Group Dividend and Vanguard Total World is 0.8 (i.e., Very poor 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.

Capital Group Correlation With Market

Average diversification

The correlation between Capital Group Dividend and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Dividend 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 Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Capital Etf

0.74	ACWV	iShares MSCI Global	Pair Corr
0.77	SDG	iShares MSCI Global	Pair Corr
0.64	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.77	VEA	Vanguard FTSE Developed	Pair Corr
0.64	VWO	Vanguard FTSE Emerging	Pair Corr
0.68	MRK	Merck Company Sell-off Trend	Pair Corr
0.78	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.66	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Moving against Capital Etf

0.54	EVLN	Morgan Stanley ETF	Pair Corr
0.38	VUG	Vanguard Growth Index	Pair Corr
0.31	ROKT	SPDR SP Kensho	Pair Corr
0.54	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.5	WMT	Walmart	Pair Corr
0.43	CETH	21shares Core Ethereum Low Volatility	Pair Corr
0.43	CSCO	Cisco Systems	Pair Corr
0.41	VOX	Vanguard Communication	Pair Corr
0.41	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.38	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	VT	ACWI	ACWV	IOO	URTH	CRBN	GLOV	KOKU	SPGM	SDG
VT		1.0	0.64	0.62	0.97	0.97	0.91	0.92	0.99	-0.16	VT
ACWI	1.0		0.6	0.66	0.98	0.98	0.88	0.92	0.99	-0.17	ACWI
ACWV	0.64	0.6		0.08	0.47	0.44	0.85	0.51	0.63	0.27	ACWV
IOO	0.62	0.66	0.08		0.68	0.69	0.37	0.74	0.67	-0.57	IOO
URTH	0.97	0.98	0.47	0.68		1.0	0.83	0.93	0.96	-0.3	URTH
CRBN	0.97	0.98	0.44	0.69	1.0		0.81	0.93	0.96	-0.3	CRBN
GLOV	0.91	0.88	0.85	0.37	0.83	0.81		0.83	0.89	-0.06	GLOV
KOKU	0.92	0.92	0.51	0.74	0.93	0.93	0.83		0.93	-0.49	KOKU
SPGM	0.99	0.99	0.63	0.67	0.96	0.96	0.89	0.93		-0.17	SPGM
SDG	-0.16	-0.17	0.27	-0.57	-0.3	-0.3	-0.06	-0.49	-0.17		SDG
	VT	ACWI	ACWV	IOO	URTH	CRBN	GLOV	KOKU	SPGM	SDG

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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

ACWI	+ 1.0	VT
CRBN	+ 1.0	URTH
SPGM	+ 0.99	VT
SPGM	+ 0.99	ACWI
URTH	+ 0.98	ACWI
CRBN	+ 0.98	ACWI

High negative correlations

SDG	- 0.57	IOO
SDG	- 0.49	KOKU
SDG	- 0.3	CRBN
SDG	- 0.3	URTH
SDG	- 0.17	SPGM
SDG	- 0.17	ACWI

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
VT	0.50	0.00	(0.02)	0.00	0.78	(0.49)	1.03	(0.99)	4.26
ACWI	0.49	0.00	(0.01)	0.02	0.78	(0.47)	1.04	(1.02)	4.17
ACWV	0.38	(0.05)	0.00	(0.23)	0.00	0.00	0.65	(0.81)	2.89
IOO	0.59	0.06	0.05	0.78	0.87	(0.56)	1.11	(1.32)	4.35
URTH	0.52	0.02	0.01	0.16	0.77	(0.52)	0.98	(1.00)	4.42
CRBN	0.50	0.02	0.01	0.12	0.72	(0.50)	0.98	(1.01)	4.15
GLOV	0.48	(0.01)	0.00	(0.07)	0.00	0.00	0.92	(0.92)	3.62
KOKU	0.50	0.03	0.02	0.19	0.72	(0.48)	0.95	(1.05)	4.46
SPGM	0.51	0.00	(0.02)	0.00	0.75	(0.50)	1.06	(0.94)	4.15
SDG	0.88	(0.23)	0.00	13.55	0.00	0.00	1.43	(2.44)	5.42

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