Capital Group Correlations

CGUS Etf

USD 35.47 0.33 0.92%

The current 90-days correlation between Capital Group Core and FT Vest Equity is 0.61 (i.e., 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Capital Group Correlation With Market

Significant diversification

The correlation between Capital Group Core and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Core 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 Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Capital Etf

0.97	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.98	IVV	iShares Core SP	Pair Corr
0.78	VIG	Vanguard Dividend	Pair Corr
0.98	VV	Vanguard Large Cap	Pair Corr
0.62	RSP	Invesco SP 500	Pair Corr
0.97	IWB	iShares Russell 1000	Pair Corr
0.98	ESGU	iShares ESG Aware	Pair Corr
0.89	DFAC	Dimensional Core Equity	Pair Corr
0.98	SPLG	SPDR Portfolio SP	Pair Corr
0.95	VUG	Vanguard Growth Index	Pair Corr
0.79	VO	Vanguard Mid Cap	Pair Corr
0.84	VB	Vanguard Small Cap	Pair Corr
0.99	VSLU	ETF Opportunities Trust	Pair Corr
0.83	JBBB	Janus Detroit Street	Pair Corr
0.78	TSLP	Kurv Yield Premium	Pair Corr
0.63	TBX	ProShares Short 7	Pair Corr
0.83	BSCO	Invesco BulletShares 2024	Pair Corr
0.96	AIPI	REX AI Equity	Pair Corr
0.95	QJUN	First Trust Exchange	Pair Corr
0.83	SOFR	SOFR Symbol Change	Pair Corr
0.97	IYW	iShares Technology ETF	Pair Corr
0.88	IDAT	Ishares Trust	Pair Corr
0.89	IPAY	Amplify ETF Trust	Pair Corr
0.96	XLK	Technology Select Sector	Pair Corr
0.66	AAPB	GraniteShares ETF Trust	Pair Corr
0.96	CIBR	First Trust NASDAQ	Pair Corr
0.89	DAT	ProShares Big Data	Pair Corr
0.84	RXI	iShares Global Consumer	Pair Corr
0.88	ARKQ	ARK Autonomous Technology Low Volatility	Pair Corr
0.94	RPG	Invesco SP 500	Pair Corr
0.86	IBLC	iShares Blockchain and	Pair Corr
0.9	JANW	AIM ETF Products	Pair Corr
0.95	TRFK	Pacer Funds Trust	Pair Corr
0.92	NUMG	Nuveen ESG Mid	Pair Corr

Moving against Capital Etf

0.55	VEA	Vanguard FTSE Developed	Pair Corr
0.36	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.56	VWO	Vanguard FTSE Emerging	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	MCHS	DINT	DISV	DJAN	MDLV
DHDG		0.67	0.12	0.39	-0.03	-0.13	0.06	0.43	-0.06	DHDG
MBCC	0.67		-0.24	0.84	-0.37	-0.32	-0.27	0.72	0.07	MBCC
DIHP	0.12	-0.24		-0.58	0.48	0.74	0.98	-0.76	0.6	DIHP
MCDS	0.39	0.84	-0.58		-0.45	-0.44	-0.57	0.8	-0.06	MCDS
MCHS	-0.03	-0.37	0.48	-0.45		0.82	0.49	-0.48	0.17	MCHS
DINT	-0.13	-0.32	0.74	-0.44	0.82		0.74	-0.69	0.56	DINT
DISV	0.06	-0.27	0.98	-0.57	0.49	0.74		-0.77	0.62	DISV
DJAN	0.43	0.72	-0.76	0.8	-0.48	-0.69	-0.77		-0.53	DJAN
MDLV	-0.06	0.07	0.6	-0.06	0.17	0.56	0.62	-0.53		MDLV
	DHDG	MBCC	DIHP	MCDS	MCHS	DINT	DISV	DJAN	MDLV

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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

DISV	+ 0.98	DIHP
MCDS	+ 0.84	MBCC
DINT	+ 0.82	MCHS
DJAN	+ 0.8	MCDS
DINT	+ 0.74	DIHP
DISV	+ 0.74	DINT

High negative correlations

DJAN	- 0.77	DISV
DJAN	- 0.76	DIHP
DJAN	- 0.69	DINT
MCDS	- 0.58	DIHP
DISV	- 0.57	MCDS
MDLV	- 0.53	DJAN

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
DHDG	0.30	0.02	0.01	0.49	0.46	(0.30)	0.62	(0.80)	3.06
MBCC	0.57	0.00	(0.02)	0.03	0.82	(0.56)	1.05	(1.16)	4.33
DIHP	0.56	(0.11)	0.00	(1.66)	0.00	0.00	0.84	(1.22)	4.42
MCDS	0.43	0.03	0.01	0.23	0.58	(0.71)	1.20	(1.04)	6.57
MCHS	1.95	0.18	0.05	(0.39)	2.74	(2.19)	5.60	(4.02)	19.76
DINT	1.18	(0.03)	0.00	0.76	0.00	0.00	3.13	(3.16)	10.90
DISV	0.66	(0.11)	0.00	(0.77)	0.00	0.00	1.30	(1.47)	4.57
DJAN	0.12	0.03	0.03	1.80	0.00	(0.15)	0.36	(0.29)	1.11
MDLV	0.46	(0.07)	0.00	(0.49)	0.00	0.00	0.67	(0.93)	2.91

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