IndexIQ Correlations
| CPI Etf | USD 25.76 0.00 0.00% |
The current 90-days correlation between IndexIQ and IndexIQ is 0.19 (i.e., Average diversification). The correlation of IndexIQ 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.
IndexIQ Correlation With Market
Good diversification
The correlation between IndexIQ and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IndexIQ and DJI in the same portfolio, assuming nothing else is changed.
IndexIQ |
Moving together with IndexIQ Etf
| 0.85 | FNGU | MicroSectors FANG Index | PairCorr |
| 0.84 | BITX | Volatility Shares Trust Low Volatility | PairCorr |
| 0.73 | VOO | Vanguard SP 500 | PairCorr |
| 0.73 | SPLG | SPDR Portfolio SP | PairCorr |
| 0.74 | ARTY | iShares Future AI Symbol Change | PairCorr |
| 0.8 | QQQ | Invesco QQQ Trust Aggressive Push | PairCorr |
| 0.8 | QQQM | Invesco NASDAQ 100 | PairCorr |
| 0.75 | BAUG | Innovator Equity Buffer | PairCorr |
| 0.73 | SPY | SPDR SP 500 | PairCorr |
| 0.78 | STCE | Schwab Strategic Trust | PairCorr |
Moving against IndexIQ Etf
Related Correlations Analysis
| -0.14 | 0.44 | 0.39 | -0.23 | GRES | ||
| -0.14 | -0.24 | -0.67 | 0.94 | QAI | ||
| 0.44 | -0.24 | 0.55 | -0.3 | MNA | ||
| 0.39 | -0.67 | 0.55 | -0.8 | CEW | ||
| -0.23 | 0.94 | -0.3 | -0.8 | CSM | ||
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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
| High negative correlations
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IndexIQ Constituents Risk-Adjusted Indicators
There is a big difference between IndexIQ Etf performing well and IndexIQ 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 IndexIQ'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRES | 0.82 | (0.03) | 0.00 | 0.30 | 0.00 | 1.50 | 4.39 | |||
| QAI | 0.21 | 0.01 | (0.13) | 0.10 | 0.09 | 0.47 | 1.29 | |||
| MNA | 0.13 | (0.02) | 0.00 | (0.15) | 0.00 | 0.21 | 0.82 | |||
| CEW | 0.28 | (0.05) | 0.00 | 11.79 | 0.00 | 0.59 | 1.65 | |||
| CSM | 0.49 | 0.04 | 0.05 | 0.11 | 0.49 | 1.13 | 4.11 |
IndexIQ Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IndexIQ etf to make a market-neutral strategy. Peer analysis of IndexIQ could also be used in its relative valuation, which is a method of valuing IndexIQ by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |