RiverFront Dynamic Correlations

RFDA Etf

USD 53.80 0.74 1.39%

The current 90-days correlation between RiverFront Dynamic and RiverFront Dynamic Flex Cap is 0.94 (i.e., Almost no diversification). The correlation of RiverFront Dynamic 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.

RiverFront Dynamic Correlation With Market

Poor diversification

The correlation between RiverFront Dynamic Dividend and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RiverFront Dynamic Dividend 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 RiverFront Dynamic Dividend. 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 RiverFront Etf

0.73	IVE	iShares SP 500	Pair Corr
0.72	SPYV	SPDR Portfolio SP	Pair Corr
0.75	IUSV	iShares Core SP	Pair Corr
0.97	UPRO	ProShares UltraPro SP500	Pair Corr
0.8	QTJA	Innovator ETFs Trust	Pair Corr
0.9	QTOC	Innovator ETFs Trust	Pair Corr
0.87	XTOC	Innovator ETFs Trust	Pair Corr
0.64	QTAP	Innovator Growth 100	Pair Corr
0.75	XTJA	Innovator ETFs Trust	Pair Corr

Moving against RiverFront Etf

0.68	UNL	United States 12	Pair Corr
0.67	CGUI	Capital Group Fixed	Pair Corr
0.62	USTB	VictoryShares USAA Core	Pair Corr
0.61	AIVI	WisdomTree International	Pair Corr
0.59	FLDB	Fidelity Low Duration	Pair Corr
0.59	AVSF	American Century ETF	Pair Corr
0.58	CAAA	First Trust Exchange	Pair Corr
0.53	FIVA	Fidelity International	Pair Corr
0.52	GSEU	Goldman Sachs ActiveBeta	Pair Corr
0.5	AMPS	Altus Power	Pair Corr
0.48	HCRB	Hartford Core Bond	Pair Corr
0.47	BKAG	BNY Mellon Core	Pair Corr
0.46	JCPB	JPMorgan Core Plus	Pair Corr
0.45	APCB	Trust For Professional	Pair Corr
0.33	INTL	Main International ETF Low Volatility	Pair Corr
0.32	IXJ	iShares Global Healthcare	Pair Corr
0.96	TWM	ProShares UltraShort	Pair Corr
0.82	DWSH	AdvisorShares Dorsey	Pair Corr
0.7	SCHO	Schwab Short Term	Pair Corr
0.63	BSCP	Invesco BulletShares 2025	Pair Corr
0.6	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.57	YINN	Direxion Daily FTSE	Pair Corr

Related Correlations Analysis

	RFFC	RFCI	RIGS	QDYN	RFEM
RFFC		-0.24	-0.04	0.0	-0.16	RFFC
RFCI	-0.24		0.89	0.0	0.75	RFCI
RIGS	-0.04	0.89		0.0	0.6	RIGS
QDYN	0.0	0.0	0.0		0.0	QDYN
RFEM	-0.16	0.75	0.6	0.0		RFEM
	RFFC	RFCI	RIGS	QDYN	RFEM

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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

RIGS	+ 0.89	RFCI
RFEM	+ 0.75	RFCI
RFEM	+ 0.6	RIGS
QDYN	+ 0.0	RFFC
QDYN	+ 0.0	RFCI
QDYN	+ 0.0	RIGS

High negative correlations

RFCI	- 0.24	RFFC
RFEM	- 0.16	RFFC
RIGS	- 0.04	RFFC
RFEM	- 0.0	QDYN
QDYN	- 0.0	RIGS
QDYN	- 0.0	RFCI

RiverFront Dynamic Constituents Risk-Adjusted Indicators

There is a big difference between RiverFront Etf performing well and RiverFront Dynamic 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 RiverFront Dynamic'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
RFFC	0.74	(0.03)	0.00	(0.13)	0.00	0.00	1.38	(1.76)	3.91
RFCI	0.23	0.00	0.32	0.00	0.26	(0.25)	0.45	(0.44)	1.14
RIGS	0.43	0.01	0.17	(0.03)	0.49	(0.49)	1.07	(0.82)	2.72
QDYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RFEM	0.72	0.09	0.16	0.13	0.88	(0.74)	1.45	(1.73)	5.18

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