IndexIQ Correlations
| IQIN Etf | USD 32.60 0.04 0.12% |
The current 90-days correlation between IndexIQ and IQ 50 Percent is 0.14 (i.e., Average 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
Good diversification
The correlation between IndexIQ and DJI is -0.16 (i.e., Good 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
| 0.7 | HPQ | HP Inc | PairCorr |
| 0.63 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against IndexIQ Etf
| 0.69 | ARKQ | ARK Autonomous Technology Low Volatility | PairCorr |
| 0.59 | VUG | Vanguard Growth Index | PairCorr |
| 0.39 | SPY | SPDR SP 500 | PairCorr |
| 0.39 | IVV | iShares Core SP | PairCorr |
| 0.35 | VTI | Vanguard Total Stock | PairCorr |
| 0.82 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.63 | WMT | Walmart | PairCorr |
| 0.56 | QTOC | Innovator ETFs Trust | PairCorr |
| 0.53 | MSFT | Microsoft | PairCorr |
| 0.45 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.4 | BLOK | Amplify Transformational | PairCorr |
Related Correlations Analysis
| 0.96 | 0.96 | 0.98 | 0.96 | HFXI | ||
| 0.96 | 0.96 | 0.94 | 0.94 | IQDY | ||
| 0.96 | 0.96 | 0.95 | 0.96 | IDHQ | ||
| 0.98 | 0.94 | 0.95 | 0.98 | QINT | ||
| 0.96 | 0.94 | 0.96 | 0.98 | MFDX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HFXI | 0.52 | (0.07) | 0.00 | (0.61) | 0.00 | 0.96 | 3.18 | |||
| IQDY | 0.68 | (0.12) | 0.00 | (4.30) | 0.00 | 1.06 | 4.61 | |||
| IDHQ | 0.63 | (0.15) | 0.00 | (6.93) | 0.00 | 0.86 | 4.38 | |||
| QINT | 0.51 | (0.09) | 0.00 | (0.67) | 0.00 | 0.95 | 3.92 | |||
| MFDX | 0.51 | (0.12) | 0.00 | (0.96) | 0.00 | 0.85 | 4.03 |
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 |