IQ Winslow Correlations

IWLG Etf  USD 47.14  0.80  1.73%   
The current 90-days correlation between IQ Winslow Large and FT Vest Equity is 0.9 (i.e., Almost no diversification). The correlation of IQ Winslow 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.

IQ Winslow Correlation With Market

Very weak diversification

The correlation between IQ Winslow Large and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ Winslow Large 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 IQ Winslow Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IWLG Etf

  0.96VUG Vanguard Growth IndexPairCorr
  0.95IWF iShares Russell 1000PairCorr
  0.95IVW iShares SP 500PairCorr
  0.95SPYG SPDR Portfolio SPPairCorr
  0.97IUSG iShares Core SPPairCorr
  0.95VONG Vanguard Russell 1000PairCorr
  0.93MGK Vanguard Mega CapPairCorr
  0.95VRGWX Vanguard Russell 1000PairCorr
  0.94QQQM Invesco NASDAQ 100PairCorr
  0.9IWY iShares Russell TopPairCorr
  0.78RXI iShares Global ConsumerPairCorr
  0.62AXP American ExpressPairCorr

Related Correlations Analysis

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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   
DJUNDJUL
DJUNDHDG
VVDHDG
DJULDHDG
VVDJUL
VVDJUN
  
High negative correlations   
VVSH
SHDHDG
SHMBCC
SHDJUN
SHDJUL
SHDIHP

IQ Winslow Constituents Risk-Adjusted Indicators

There is a big difference between IWLG Etf performing well and IQ Winslow 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 IQ Winslow'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.