Pacer Cash Correlations

COWZ Etf

USD 60.59 0.34 0.56%

The current 90-days correlation between Pacer Cash Cows and Pacer Small Cap is 0.9 (i.e., Almost no diversification). The correlation of Pacer Cash 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.

Pacer Cash Correlation With Market

Very poor diversification

The correlation between Pacer Cash Cows and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Cash Cows 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 Pacer Cash Cows. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Pacer Etf

0.94	VOE	Vanguard Mid Cap	Pair Corr
0.68	SDY	SPDR SP Dividend	Pair Corr
0.96	IWS	iShares Russell Mid	Pair Corr
0.96	IJJ	iShares SP Mid	Pair Corr
0.96	DON	WisdomTree MidCap	Pair Corr
0.96	MDYV	SPDR SP 400	Pair Corr
0.89	PEY	Invesco High Yield	Pair Corr
0.98	ONEY	SPDR Russell 1000	Pair Corr
0.96	IVOV	Vanguard SP Mid	Pair Corr
0.93	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.94	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.88	VUG	Vanguard Growth Index	Pair Corr
0.94	VO	Vanguard Mid Cap	Pair Corr
0.96	VB	Vanguard Small Cap	Pair Corr
0.86	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.78	HD	Home Depot Sell-off Trend	Pair Corr
0.83	BAC	Bank of America Aggressive Push	Pair Corr
0.87	HPQ	HP Inc	Pair Corr
0.75	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.91	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.78	WMT	Walmart Aggressive Push	Pair Corr
0.86	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Pacer Etf

0.65	BND	Vanguard Total Bond	Pair Corr
0.4	VEA	Vanguard FTSE Developed	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.67	KO	Coca Cola Sell-off Trend	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	CALF	GCOW	DIVO	JEPQ	JEPI
CALF		-0.15	0.83	0.71	0.76	CALF
GCOW	-0.15		-0.37	-0.57	-0.44	GCOW
DIVO	0.83	-0.37		0.92	0.98	DIVO
JEPQ	0.71	-0.57	0.92		0.95	JEPQ
JEPI	0.76	-0.44	0.98	0.95		JEPI
	CALF	GCOW	DIVO	JEPQ	JEPI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JEPI	+ 0.98	DIVO
JEPI	+ 0.95	JEPQ
JEPQ	+ 0.92	DIVO
DIVO	+ 0.83	CALF
JEPI	+ 0.76	CALF
JEPQ	+ 0.71	CALF

High negative correlations

JEPQ	- 0.57	GCOW
JEPI	- 0.44	GCOW
DIVO	- 0.37	GCOW
GCOW	- 0.15	CALF

Pacer Cash Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Cash 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 Pacer Cash'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
CALF	0.99	(0.12)	(0.06)	0.04	1.00	(1.20)	2.04	(1.50)	7.52
GCOW	0.46	(0.08)	0.00	(0.16)	0.00	0.00	0.91	(1.07)	2.66
DIVO	0.47	0.01	(0.03)	0.14	0.25	(0.56)	1.17	(0.67)	3.12
JEPQ	0.48	0.05	0.01	0.19	0.65	(0.46)	1.09	(1.63)	3.50
JEPI	0.31	0.03	(0.10)	0.18	0.17	(0.36)	0.72	(0.57)	2.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC