IQ 50 Correlations

Etfs . USA . 
Etf . IQ 50 Percent
HFXI Etf  USD 26.89  0.25  0.94%   
The current 90-days correlation between IQ 50 Percent and iShares Currency Hedged is 0.83 (i.e., Very poor diversification). The correlation of IQ 50 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.

IQ 50 Correlation With Market

Very weak diversification

The correlation between IQ 50 Percent and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ 50 Percent and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IQ 50 Percent. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with HFXI Etf

  0.96VEA Vanguard FTSE DevelopedPairCorr
  0.95IEFA iShares Core MSCI Low VolatilityPairCorr
  0.95VEU Vanguard FTSE AllPairCorr
  0.95EFA iShares MSCI EAFE Aggressive PushPairCorr
  0.95IXUS iShares Core MSCIPairCorr
  0.96SPDW SPDR SP WorldPairCorr
  0.96IDEV iShares Core MSCIPairCorr
  0.94ESGD iShares ESG AwarePairCorr
  0.93JIRE JP Morgan ExchangePairCorr
  0.94DFAX Dimensional WorldPairCorr
  0.66MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.73PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Moving against HFXI Etf

  0.72IAUF ISharesPairCorr
  0.63WTMF WisdomTree ManagedPairCorr
  0.62ARKW ARK Next GenerationPairCorr
  0.66JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.62DIS Walt Disney Aggressive PushPairCorr
  0.61TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.6WMT Walmart Aggressive PushPairCorr
  0.59T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.52CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.46CSCO Cisco Systems Aggressive PushPairCorr
  0.41AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.32AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Related Correlations Analysis

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IQ 50 Constituents Risk-Adjusted Indicators

There is a big difference between HFXI Etf performing well and IQ 50 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 IQ 50'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.

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