IndexIQ Correlations
| IQIN Etf | USD 32.60 0.04 0.12% |
The current 90-days correlation between IndexIQ and iShares MSCI EAFE is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IndexIQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IndexIQ moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
IndexIQ Correlation With Market
Modest diversification
The correlation between IndexIQ and DJI is 0.26 (i.e., Modest 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
Moving against IndexIQ Etf
| 0.37 | LUX | Tema ETF Trust | PairCorr |
| 0.82 | RNSC | First Trust Small Symbol Change | PairCorr |
| 0.71 | ICSH | iShares Ultra Short | PairCorr |
| 0.69 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.68 | ARACX | ARACX | PairCorr |
| 0.66 | MINT | PIMCO Enhanced Short | PairCorr |
| 0.64 | SEIX | Virtus ETF Trust | PairCorr |
| 0.53 | PBDC | Putnam ETF Trust | PairCorr |
| 0.39 | YMAG | YieldMax Magnificent | PairCorr |
| 0.38 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.73 | BNO | United States Brent | PairCorr |
| 0.7 | BILS | SPDR Series Trust | PairCorr |
| 0.65 | JAAA | Janus Detroit Street | PairCorr |
| 0.61 | STK | Columbia Seligman Premium | PairCorr |
| 0.55 | XDEC | First Trust Exchange | PairCorr |
| 0.38 | OLO | Olo Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EFV | 0.58 | (0.08) | 0.00 | (0.33) | 0.00 | 1.07 | 3.71 | |||
| FNDF | 0.56 | (0.10) | 0.00 | (0.39) | 0.00 | 1.07 | 3.88 | |||
| VYMI | 0.57 | (0.08) | 0.00 | (0.28) | 0.00 | 0.89 | 4.06 | |||
| IDV | 0.61 | (0.09) | 0.00 | (0.34) | 0.00 | 1.08 | 3.66 | |||
| DFIV | 0.56 | (0.05) | 0.00 | (0.19) | 0.00 | 1.07 | 3.72 | |||
| IVLU | 0.58 | (0.07) | 0.00 | (0.28) | 0.00 | 1.13 | 3.50 | |||
| RODM | 0.47 | (0.07) | 0.00 | (0.23) | 0.00 | 0.96 | 3.94 | |||
| PXF | 0.56 | (0.08) | 0.00 | (0.32) | 0.00 | 1.07 | 3.70 | |||
| HDEF | 0.57 | (0.11) | 0.00 | (0.54) | 0.00 | 0.90 | 4.11 | |||
| PID | 0.51 | (0.10) | 0.00 | (0.35) | 0.00 | 0.88 | 3.96 |
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 |