Global X Correlations

RATE Etf

18.92 0.29 1.51%

The current 90-days correlation between Global X Interest and Sonida Senior Living is 0.04 (i.e., Significant 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

Modest diversification

The correlation between Global X Interest and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Interest 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 Interest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Global Etf

0.97	RISR	FolioBeyond Rising Rates	Pair Corr
0.9	RINF	ProShares Inflation	Pair Corr
0.75	VTI	Vanguard Total Stock	Pair Corr
0.75	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.75	IVV	iShares Core SP	Pair Corr
0.62	VTV	Vanguard Value Index	Pair Corr
0.79	VUG	Vanguard Growth Index	Pair Corr
0.73	VO	Vanguard Mid Cap	Pair Corr
0.69	VB	Vanguard Small Cap	Pair Corr
0.72	BTC	Grayscale Bitcoin Mini	Pair Corr
0.84	EOS	Eaton Vance Enhanced	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.65	WMT	Walmart Aggressive Push	Pair Corr
0.66	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	DIS	Walt Disney Sell-off Trend	Pair Corr
0.79	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.78	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Global Etf

0.99	SSFI	Strategy Shares	Pair Corr
0.99	BND	Vanguard Total Bond	Pair Corr
0.87	UCON	First Trust TCW	Pair Corr
0.78	OBND	SSGA Active Trust	Pair Corr
0.75	VEA	Vanguard FTSE Developed	Pair Corr
0.51	DFHY	TrimTabs Donoghue	Pair Corr
0.49	HYIN	WisdomTree Alternative	Pair Corr
0.9	KO	Coca Cola Aggressive Push	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.51	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.49	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.49	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.55	0.07	0.53	0.05	0.64	0.28	-0.53	0.73	META
MSFT	0.26		0.21	0.17	0.16	-0.01	0.03	-0.11	0.13	-0.2	MSFT
UBER	0.55	0.21		-0.06	-0.09	0.27	-0.03	-0.16	0.09	0.35	UBER
F	0.07	0.17	-0.06		0.28	-0.41	0.5	0.7	-0.37	0.32	F
T	0.53	0.16	-0.09	0.28		-0.5	0.81	0.64	-0.79	0.39	T
A	0.05	-0.01	0.27	-0.41	-0.5		-0.46	-0.6	0.63	0.0	A
CRM	0.64	0.03	-0.03	0.5	0.81	-0.46		0.86	-0.91	0.65	CRM
JPM	0.28	-0.11	-0.16	0.7	0.64	-0.6	0.86		-0.83	0.47	JPM
MRK	-0.53	0.13	0.09	-0.37	-0.79	0.63	-0.91	-0.83		-0.56	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.65	0.47	-0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.86	CRM
CRM	+ 0.81	T
XOM	+ 0.73	META
JPM	+ 0.7	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.79	T
JPM	- 0.6	A
XOM	- 0.56	MRK
MRK	- 0.53	META

Global X Competition 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
META	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
UBER	1.61	(0.11)	(0.04)	0.02	2.32	(1.70)	2.69	(2.53)	20.10
F	1.42	(0.15)	(0.04)	0.03	2.23	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.31	0.23	0.18	0.34	1.08	(1.53)	3.18	(1.91)	9.98
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

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