Nuveen Growth Correlations
NUGO Etf | USD 31.33 0.05 0.16% |
The current 90-days correlation between Nuveen Growth Opport and Invesco ESG NASDAQ is 0.96 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Growth Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Nuveen Growth Correlation With Market
Poor diversification
The correlation between Nuveen Growth Opportunities and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Growth Opportunities and DJI in the same portfolio, assuming nothing else is changed.
Nuveen |
Moving together with Nuveen Etf
0.99 | VUG | Vanguard Growth Index | PairCorr |
1.0 | IWF | iShares Russell 1000 | PairCorr |
0.98 | IVW | iShares SP 500 | PairCorr |
0.98 | SPYG | SPDR Portfolio SP | PairCorr |
0.98 | IUSG | iShares Core SP | PairCorr |
1.0 | VONG | Vanguard Russell 1000 | PairCorr |
0.99 | MGK | Vanguard Mega Cap | PairCorr |
1.0 | VRGWX | Vanguard Russell 1000 | PairCorr |
0.97 | QQQM | Invesco NASDAQ 100 | PairCorr |
1.0 | IWY | iShares Russell Top | PairCorr |
0.83 | GBTC | Grayscale Bitcoin Trust Sell-off Trend | PairCorr |
0.82 | USD | ProShares Ultra Semi | PairCorr |
0.97 | FNGO | MicroSectors FANG Index | PairCorr |
0.63 | PXE | Invesco Dynamic Energy | PairCorr |
Moving against Nuveen Etf
0.77 | SCHO | Schwab Short Term | PairCorr |
0.69 | CAAA | First Trust Exchange | PairCorr |
0.62 | BSCP | Invesco BulletShares 2025 | PairCorr |
0.6 | SPAQ | Horizon Kinetics SPAC | PairCorr |
0.59 | MOTI | VanEck Morningstar Low Volatility | PairCorr |
0.58 | UBND | Victory Portfolios | PairCorr |
0.58 | HCRB | Hartford Core Bond | PairCorr |
0.57 | VGK | Vanguard FTSE Europe | PairCorr |
0.56 | GHTA | Collaborative Investment | PairCorr |
0.51 | AMPS | Altus Power | PairCorr |
0.33 | TOLZ | ProShares DJ Brookfield | PairCorr |
0.94 | TWM | ProShares UltraShort | PairCorr |
0.75 | DWSH | AdvisorShares Dorsey | PairCorr |
0.71 | EFNL | iShares MSCI Finland | PairCorr |
0.69 | AVSF | American Century ETF | PairCorr |
0.69 | CGUI | Capital Group Fixed | PairCorr |
0.69 | BOIL | ProShares Ultra Bloomberg Downward Rally | PairCorr |
Related Correlations Analysis
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Nuveen Growth Constituents Risk-Adjusted Indicators
There is a big difference between Nuveen Etf performing well and Nuveen Growth 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 Nuveen Growth'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
QQMG | 1.15 | (0.04) | 0.00 | (0.15) | 0.00 | 1.98 | 6.11 | |||
NWLG | 1.08 | (0.07) | 0.00 | (0.18) | 0.00 | 1.79 | 6.83 | |||
LCG | 1.09 | (0.07) | 0.00 | (0.18) | 0.00 | 1.76 | 6.19 | |||
MMLG | 1.25 | (0.07) | 0.00 | (0.17) | 0.00 | 1.98 | 7.74 | |||
QQQA | 1.48 | (0.09) | 0.00 | (0.19) | 0.00 | 2.31 | 9.66 |