Invesco SP Correlations

RWL Etf

USD 99.00 0.32 0.32%

The current 90-days correlation between Invesco SP 500 and Invesco SP MidCap is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Invesco SP Correlation With Market

Modest diversification

The correlation between Invesco SP 500 and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco SP 500 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 Invesco SP 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Invesco Etf

0.8	VTV	Vanguard Value Index	Pair Corr
0.94	VYM	Vanguard High Dividend	Pair Corr
0.89	IWD	iShares Russell 1000	Pair Corr
0.84	DGRO	iShares Core Dividend	Pair Corr
0.83	IVE	iShares SP 500	Pair Corr
0.91	DVY	iShares Select Dividend	Pair Corr
0.83	SPYV	SPDR Portfolio SP	Pair Corr
0.75	FVD	First Trust Value	Pair Corr
0.86	IUSV	iShares Core SP	Pair Corr
0.81	SIXD	AIM ETF Products	Pair Corr
0.77	CEFD	ETRACS Monthly Pay	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.84	BAC	Bank of America Earnings Call This Week	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.76	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.69	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.69	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.65	PG	Procter Gamble	Pair Corr

Moving against Invesco Etf

0.38	ULE	ProShares Ultra Euro	Pair Corr
0.33	VIIX	VIIX	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.38	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	RWK	RWJ	EPS	PRF	RFV
RWK		0.97	0.87	0.98	0.97	RWK
RWJ	0.97		0.92	0.94	0.97	RWJ
EPS	0.87	0.92		0.85	0.92	EPS
PRF	0.98	0.94	0.85		0.95	PRF
RFV	0.97	0.97	0.92	0.95		RFV
	RWK	RWJ	EPS	PRF	RFV

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Invesco SP Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco SP 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 Invesco SP'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
RWK	0.70	0.01	(0.01)	0.04	0.82	(0.88)	1.68	(1.26)	8.13
RWJ	0.88	0.00	(0.01)	0.03	1.13	(0.93)	1.76	(1.63)	10.01
EPS	0.52	0.03	0.02	0.20	0.75	(0.51)	1.08	(1.00)	5.90
PRF	0.50	(0.01)	(0.03)	(0.01)	0.65	(0.60)	1.04	(0.90)	6.03
RFV	0.76	0.05	0.04	0.16	0.89	(0.87)	1.70	(1.53)	8.83

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