Hartford Sustainable Correlations

HSUN Etf

USD 34.61 0.09 0.26%

The current 90-days correlation between Hartford Sustainable and BlackRock High Yield is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hartford Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hartford Sustainable Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hartford Sustainable Correlation With Market

Weak diversification

The correlation between Hartford Sustainable Income and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Sustainable Income 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 Hartford Sustainable Income. 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 Hartford Etf

0.92	AXSAX	Axonic Strategic Income	Pair Corr
0.88	AXSIX	Axonic Strategic Income	Pair Corr
0.99	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.96	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.93	DEED	First Trust TCW	Pair Corr
0.96	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.95	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.95	JPIE	JP Morgan Exchange	Pair Corr
0.93	AFIF	Anfield Universal Fixed	Pair Corr
0.98	MUSI	American Century Mul	Pair Corr
0.8	MLPR	ETRACS Quarterly Pay	Pair Corr
0.71	AMZA	InfraCap MLP ETF	Pair Corr
0.79	GDXU	MicroSectors Gold Miners	Pair Corr
0.86	IBM	International Business	Pair Corr
0.94	JNJ	Johnson Johnson	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.94	T	ATT Inc Aggressive Push	Pair Corr
0.82	MMM	3M Company	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.82	VZ	Verizon Communications	Pair Corr

Moving against Hartford Etf

0.68	USD	ProShares Ultra Semi	Pair Corr
0.57	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.45	FNGO	MicroSectors FANG Index	Pair Corr
0.37	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.72	MSFT	Microsoft	Pair Corr
0.56	CAT	Caterpillar	Pair Corr
0.34	AXP	American Express	Pair Corr

Related Correlations Analysis

	HYMU	HTAB	HSRT	JIB	OBND
HYMU		0.12	0.09	0.0	0.44	HYMU
HTAB	0.12		0.37	0.0	0.59	HTAB
HSRT	0.09	0.37		0.0	0.81	HSRT
JIB	0.0	0.0	0.0		0.0	JIB
OBND	0.44	0.59	0.81	0.0		OBND
	HYMU	HTAB	HSRT	JIB	OBND

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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

OBND	+ 0.81	HSRT
OBND	+ 0.59	HTAB
OBND	+ 0.44	HYMU
HSRT	+ 0.37	HTAB
HTAB	+ 0.12	HYMU
HSRT	+ 0.09	HYMU

High negative correlations

OBND	- 0.0	JIB
JIB	- 0.0	HSRT
JIB	- 0.0	HTAB
JIB	- 0.0	HYMU

Hartford Sustainable Constituents Risk-Adjusted Indicators

There is a big difference between Hartford Etf performing well and Hartford Sustainable 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 Hartford Sustainable'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
HYMU	0.22	0.00	0.00	0.02	0.25	(0.28)	0.66	(0.44)	1.55
HTAB	0.31	(0.03)	0.00	(0.25)	0.00	0.00	0.57	(0.51)	2.45
HSRT	0.10	0.01	0.02	1.88	0.12	(0.10)	0.18	(0.15)	1.29
JIB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OBND	0.17	0.01	0.02	0.09	0.18	(0.18)	0.31	(0.35)	0.86

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