IREIT MarketVector Correlations

IRET Etf

USD 19.95 0.15 0.75%

The current 90-days correlation between iREIT MarketVector and Fundamental Income Net is 0.91 (i.e., Almost no diversification). The correlation of IREIT MarketVector 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.

IREIT MarketVector Correlation With Market

Modest diversification

The correlation between iREIT MarketVector and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iREIT MarketVector 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 iREIT MarketVector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with IREIT Etf

0.9	VNQ	Vanguard Real Estate	Pair Corr
0.91	XLRE	Real Estate	Pair Corr
0.96	IYR	iShares Real Estate	Pair Corr
0.96	ICF	iShares Cohen Steers	Pair Corr
0.91	USRT	iShares Core REIT	Pair Corr
0.72	BND	Vanguard Total Bond	Pair Corr
0.64	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.8	VEA	Vanguard FTSE Developed	Pair Corr
0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.83	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.9	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.84	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.81	VZ	Verizon Communications Aggressive Push	Pair Corr
0.66	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.78	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against IREIT Etf

0.67	RTL	Pacer Financial	Pair Corr
0.61	VUG	Vanguard Growth Index	Pair Corr
0.6	MORE	MORE	Pair Corr
0.32	SPY	SPDR SP 500	Pair Corr
0.31	IVV	iShares Core SP	Pair Corr
0.73	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.47	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.37	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.36	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	VGSR	DTRE	MORT	VNQI	MVRL	NBGR	NETL	ERET	NRSH
VGSR		0.94	0.77	0.71	0.78	0.97	0.95	0.92	0.66	VGSR
DTRE	0.94		0.79	0.88	0.84	0.99	0.99	0.96	0.48	DTRE
MORT	0.77	0.79		0.71	0.97	0.79	0.81	0.86	0.46	MORT
VNQI	0.71	0.88	0.71		0.79	0.85	0.84	0.87	0.2	VNQI
MVRL	0.78	0.84	0.97	0.79		0.83	0.85	0.89	0.46	MVRL
NBGR	0.97	0.99	0.79	0.85	0.83		0.98	0.96	0.54	NBGR
NETL	0.95	0.99	0.81	0.84	0.85	0.98		0.95	0.55	NETL
ERET	0.92	0.96	0.86	0.87	0.89	0.96	0.95		0.54	ERET
NRSH	0.66	0.48	0.46	0.2	0.46	0.54	0.55	0.54		NRSH
	VGSR	DTRE	MORT	VNQI	MVRL	NBGR	NETL	ERET	NRSH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

IREIT MarketVector Constituents Risk-Adjusted Indicators

There is a big difference between IREIT Etf performing well and IREIT MarketVector 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 IREIT MarketVector'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VGSR	0.70	(0.15)	(0.66)	1.14	(1.66)	5.26
DTRE	0.71	(0.23)	(1.03)	1.19	(1.76)	4.88
MORT	0.72	(0.10)	(0.66)	1.30	(2.12)	4.66
VNQI	0.61	(0.20)	(1.65)	1.13	(1.62)	3.99
MVRL	1.06	(0.16)	(0.94)	1.92	(2.75)	7.11
NBGR	0.66	(0.20)	(1.20)	1.15	(1.42)	5.01
NETL	0.71	(0.22)	(1.28)	1.07	(1.56)	5.39
ERET	0.63	(0.16)	(1.60)	1.02	(1.56)	4.62
NRSH	0.75	(0.14)	(0.48)	1.42	(1.54)	8.42

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC