Dividend Performers Correlations
| IPDP Etf | USD 19.19 0.11 0.57% |
The current 90-days correlation between Dividend Performers ETF and Listed Funds Trust is 0.61 (i.e., Poor diversification). The correlation of Dividend Performers 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.
Dividend Performers Correlation With Market
Good diversification
The correlation between Dividend Performers ETF and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dividend Performers ETF and DJI in the same portfolio, assuming nothing else is changed.
Dividend |
Moving together with Dividend Etf
| 0.84 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.74 | XYLD | Global X SP | PairCorr |
| 0.86 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.71 | RYLD | Global X Russell | PairCorr |
| 0.67 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.74 | BUYW | Main Buywrite ETF | PairCorr |
| 0.77 | DUSL | Direxion Daily Indus | PairCorr |
| 0.7 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.7 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.75 | HD | Home Depot | PairCorr |
| 0.78 | AXP | American Express | PairCorr |
| 0.82 | WMT | Walmart | PairCorr |
| 0.66 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Dividend Performers Constituents Risk-Adjusted Indicators
There is a big difference between Dividend Etf performing well and Dividend Performers 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 Dividend Performers' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IPPP | 0.50 | (0.01) | 0.00 | 0.30 | 0.00 | 1.31 | 3.10 | |||
| NDJI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NSPI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTQ | 0.96 | (0.12) | 0.00 | (0.19) | 0.00 | 1.59 | 5.17 | |||
| LETB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |