Touchstone ETF Correlations

DVND Etf

USD 31.87 0.29 0.92%

The current 90-days correlation between Touchstone ETF Trust and Strategy Shares is 0.35 (i.e., Weak diversification). The correlation of Touchstone ETF 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.

Touchstone ETF Correlation With Market

Poor diversification

The correlation between Touchstone ETF Trust and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Touchstone ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Touchstone Etf

0.96	VTV	Vanguard Value Index	Pair Corr
0.96	VYM	Vanguard High Dividend	Pair Corr
0.93	IWD	iShares Russell 1000	Pair Corr
0.97	DGRO	iShares Core Dividend	Pair Corr
0.84	IVE	iShares SP 500	Pair Corr
0.85	DVY	iShares Select Dividend	Pair Corr
0.74	SPYV	SPDR Portfolio SP	Pair Corr
0.85	FVD	First Trust Value	Pair Corr
0.83	IUSV	iShares Core SP	Pair Corr
0.63	NOBL	ProShares SP 500	Pair Corr
0.78	JPM	JPMorgan Chase	Pair Corr
0.83	GE	GE Aerospace	Pair Corr
0.61	T	ATT Inc Sell-off Trend	Pair Corr
0.63	WMT	Walmart	Pair Corr

Moving against Touchstone Etf

0.72

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		-0.13	-0.09	-0.04	0.1	-0.01	-0.11	-0.06	-0.09	DHSB
MBOX	-0.13		0.36	0.16	-0.29	0.4	0.92	0.37	0.84	MBOX
DIEM	-0.09	0.36		0.86	0.13	-0.38	0.52	0.77	0.64	DIEM
MCHI	-0.04	0.16	0.86		0.47	-0.54	0.46	0.92	0.6	MCHI
DIPS	0.1	-0.29	0.13	0.47		-0.54	-0.04	0.52	0.09	DIPS
DISO	-0.01	0.4	-0.38	-0.54	-0.54		0.26	-0.51	0.06	DISO
DIVB	-0.11	0.92	0.52	0.46	-0.04	0.26		0.63	0.95	DIVB
DIVD	-0.06	0.37	0.77	0.92	0.52	-0.51	0.63		0.75	DIVD
DIVG	-0.09	0.84	0.64	0.6	0.09	0.06	0.95	0.75		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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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

DIVG	+ 0.95	DIVB
DIVB	+ 0.92	MBOX
DIVD	+ 0.92	MCHI
MCHI	+ 0.86	DIEM
DIVG	+ 0.84	MBOX
DIVD	+ 0.77	DIEM

High negative correlations

DISO	- 0.54	DIPS
DISO	- 0.54	MCHI
DIVD	- 0.51	DISO
DISO	- 0.38	DIEM
DIPS	- 0.29	MBOX
MBOX	- 0.13	DHSB

Touchstone ETF Constituents Risk-Adjusted Indicators

There is a big difference between Touchstone Etf performing well and Touchstone ETF 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 Touchstone ETF'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
DHSB	0.38	(0.05)	0.00	(0.25)	0.00	0.00	0.82	(0.74)	1.68
MBOX	0.70	0.00	0.00	(0.03)	0.00	0.00	1.27	(1.40)	3.06
DIEM	0.69	0.04	0.07	0.06	0.86	(0.75)	1.43	(1.89)	4.39
MCHI	1.36	0.28	0.20	0.87	1.39	(1.60)	2.63	(2.72)	7.91
DIPS	2.25	0.06	0.05	(0.09)	2.72	(2.43)	5.35	(4.43)	23.78
DISO	0.90	(0.11)	0.00	(0.21)	0.00	0.00	1.47	(2.12)	6.61
DIVB	0.66	0.04	0.05	0.02	0.87	(0.66)	1.16	(1.40)	3.13
DIVD	0.59	0.14	0.22	0.26	0.62	(0.67)	1.39	(0.95)	3.39
DIVG	0.60	0.03	0.06	0.03	0.75	(0.62)	1.23	(1.18)	3.05

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