Putnam ETF Correlations

PBDC Etf

USD 34.70 0.02 0.06%

The current 90-days correlation between Putnam ETF Trust and Putnam Sustainable Future is 0.48 (i.e., Very weak diversification). The correlation of Putnam ETF 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.

Putnam ETF Correlation With Market

Very weak diversification

The correlation between Putnam ETF Trust and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Putnam Etf

0.9	XLF	Financial Select Sector Aggressive Push	Pair Corr
0.85	VFH	Vanguard Financials Index	Pair Corr
0.84	IYF	iShares Financials ETF	Pair Corr
0.85	FNCL	Fidelity MSCI Financials	Pair Corr
0.86	IYG	iShares Financial	Pair Corr
0.82	VTV	Vanguard Value Index	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.77	GE	GE Aerospace	Pair Corr

Moving against Putnam Etf

0.7

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	PFUT	PLDR	PGRO	SYNB	DDEC
PFUT		0.97	0.9	0.92	0.82	PFUT
PLDR	0.97		0.93	0.9	0.86	PLDR
PGRO	0.9	0.93		0.81	0.88	PGRO
SYNB	0.92	0.9	0.81		0.71	SYNB
DDEC	0.82	0.86	0.88	0.71		DDEC
	PFUT	PLDR	PGRO	SYNB	DDEC

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Putnam ETF Constituents Risk-Adjusted Indicators

There is a big difference between Putnam Etf performing well and Putnam ETF 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 Putnam ETF'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
PFUT	1.09	(0.14)	(0.21)	1.69	(3.20)	5.88
PLDR	0.86	(0.11)	(0.19)	1.39	(1.92)	5.20
PGRO	1.13	(0.20)	0.53	1.80	(3.01)	6.80
SYNB	0.73	(0.05)	(0.15)	1.52	(1.68)	3.89
DDEC	0.39	(0.04)	0.34	0.65	(0.89)	2.61

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