Global X Correlations

PFFD Etf

USD 19.49 0.03 0.15%

The current 90-days correlation between Global X Preferred and VanEck Preferred Securities is 0.88 (i.e., Very poor diversification). The correlation of Global X 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.

Global X Correlation With Market

Very weak diversification

The correlation between Global X Preferred and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Preferred 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 Global X Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Global Etf

0.98	PFF	iShares Preferred	Pair Corr
0.65	FPE	First Trust Preferred	Pair Corr
0.92	PGX	Invesco Preferred ETF	Pair Corr
0.92	PGF	Invesco Financial	Pair Corr
0.97	PSK	SPDR ICE Preferred	Pair Corr
0.82	PFXF	VanEck Preferred Sec	Pair Corr
0.92	PFFA	Virtus InfraCap Preferred	Pair Corr
0.63	LUX	Tema ETF Trust	Pair Corr
0.65	SWP	SWP Growth Income	Pair Corr
0.8	DUKH	Ocean Park High	Pair Corr
0.67	SMI	VanEck Vectors ETF	Pair Corr

Moving against Global Etf

0.43

FNGD

MicroSectors FANG Index

Pair Corr

Related Correlations Analysis

	PFXF	SPFF	PFFA	PSK	USHY
PFXF		0.93	0.68	0.7	0.24	PFXF
SPFF	0.93		0.63	0.7	0.13	SPFF
PFFA	0.68	0.63		0.91	0.75	PFFA
PSK	0.7	0.7	0.91		0.65	PSK
USHY	0.24	0.13	0.75	0.65		USHY
	PFXF	SPFF	PFFA	PSK	USHY

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Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
PFXF	0.45	0.00	0.00	(0.06)	0.00	0.00	0.76	(0.92)	2.27
SPFF	0.46	(0.03)	0.00	(0.16)	0.00	0.00	1.11	(1.18)	3.38
PFFA	0.39	(0.01)	0.00	(0.09)	0.00	0.00	0.94	(0.93)	2.23
PSK	0.50	0.00	0.00	(0.05)	0.00	0.00	1.09	(1.02)	3.25
USHY	0.21	0.02	0.25	0.04	0.27	(0.21)	0.49	(0.40)	1.29

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