Pacer Funds Correlations

PSMD Etf

USD 29.50 0.29 0.99%

The current 90-days correlation between Pacer Funds Trust and Pacer Swan SOS is 0.94 (i.e., Almost no diversification). The correlation of Pacer Funds 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.

Pacer Funds Correlation With Market

Very weak diversification

The correlation between Pacer Funds Trust and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Funds 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 Pacer Funds 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 population.

Moving together with Pacer Etf

0.68	INOV	Innovator ETFs Trust	Pair Corr
0.87	BUFR	First Trust Cboe	Pair Corr
0.88	BUFD	FT Cboe Vest	Pair Corr
0.83	PSEP	Innovator SP 500	Pair Corr
0.99	PJAN	Innovator SP 500	Pair Corr
0.83	PJUL	Innovator SP 500	Pair Corr
0.85	PAUG	Innovator Equity Power	Pair Corr
0.72	DNOV	FT Cboe Vest	Pair Corr
0.93	PMAY	Innovator SP 500	Pair Corr
0.91	PJUN	Innovator SP 500	Pair Corr
0.66	VEA	Vanguard FTSE Developed	Pair Corr
0.69	RXI	iShares Global Consumer	Pair Corr
0.72	AXP	American Express	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.86	GE	GE Aerospace	Pair Corr
0.9	MMM	3M Company	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr

Moving against Pacer Etf

0.77	MRK	Merck Company Aggressive Push	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.37	MSFT	Microsoft	Pair Corr
0.32	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	PSFD	PSFF	PSCX	QDEC	NJUL
PSFD		0.88	1.0	0.88	0.81	PSFD
PSFF	0.88		0.88	0.87	0.88	PSFF
PSCX	1.0	0.88		0.87	0.81	PSCX
QDEC	0.88	0.87	0.87		0.92	QDEC
NJUL	0.81	0.88	0.81	0.92		NJUL
	PSFD	PSFF	PSCX	QDEC	NJUL

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Pacer Funds Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Funds 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 Pacer Funds' 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
PSFD	0.24	0.03	0.09	0.07	0.35	(0.24)	0.51	(0.86)	2.26
PSFF	0.40	0.02	0.06	0.03	0.53	(0.40)	0.81	(0.88)	2.41
PSCX	0.22	0.03	0.10	0.07	0.34	(0.22)	0.46	(0.74)	1.87
QDEC	0.40	0.01	0.03	0.00	0.65	(0.38)	0.94	(1.00)	3.31
NJUL	0.44	0.02	0.05	0.04	0.63	(0.40)	0.87	(0.91)	2.83

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