US Treasury Correlations

UTWY Etf

44.50 0.21 0.47%

The current 90-days correlation between US Treasury 20 and US Treasury 30 is 0.98 (i.e., Almost no diversification). The correlation of US Treasury 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. If the correlation is 0, the equities are not correlated; they are entirely random.

US Treasury Correlation With Market

Average diversification

The correlation between US Treasury 20 and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Treasury 20 and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in US Treasury 20. 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 UTWY Etf

0.99	TLT	iShares 20 Year	Pair Corr
0.96	IEF	iShares 7 10 Sell-off Trend	Pair Corr
1.0	SPTL	SPDR Barclays Long Sell-off Trend	Pair Corr
1.0	TLH	iShares 10 20	Pair Corr
0.97	EDV	Vanguard Extended	Pair Corr
0.92	GOVZ	iShares 25 Year	Pair Corr
1.0	SCHQ	Schwab Long Term	Pair Corr
0.72	BNDD	Quadratic Deflation ETF	Pair Corr
0.97	TYA	Simplify Exchange Traded	Pair Corr
0.87	FXY	Invesco CurrencyShares	Pair Corr
0.93	PMBS	PIMCO Mortgage Backed	Pair Corr
0.62	IDOG	ALPS International Sector	Pair Corr
0.72	INTF	iShares Edge MSCI	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.82	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.69	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.84	PG	Procter Gamble Sell-off Trend	Pair Corr

Moving against UTWY Etf

0.31	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.45	BA	Boeing	Pair Corr
0.41	AXP	American Express	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.26	0.7	-0.47	0.53	0.29	0.03	0.89	-0.79	0.19	META
MSFT	-0.26		-0.65	0.47	-0.74	0.6	0.88	-0.12	0.56	-0.08	MSFT
UBER	0.7	-0.65		-0.51	0.81	-0.21	-0.57	0.64	-0.85	0.38	UBER
F	-0.47	0.47	-0.51		-0.29	0.23	0.35	-0.37	0.67	0.29	F
T	0.53	-0.74	0.81	-0.29		-0.49	-0.64	0.35	-0.7	0.34	T
A	0.29	0.6	-0.21	0.23	-0.49		0.69	0.53	0.15	0.08	A
CRM	0.03	0.88	-0.57	0.35	-0.64	0.69		0.1	0.39	-0.08	CRM
JPM	0.89	-0.12	0.64	-0.37	0.35	0.53	0.1		-0.68	0.23	JPM
MRK	-0.79	0.56	-0.85	0.67	-0.7	0.15	0.39	-0.68		-0.18	MRK
XOM	0.19	-0.08	0.38	0.29	0.34	0.08	-0.08	0.23	-0.18		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	+ 0.89	META
CRM	+ 0.88	MSFT
T	+ 0.81	UBER
UBER	+ 0.7	META
CRM	+ 0.69	A
MRK	+ 0.67	F

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.79	META
T	- 0.74	MSFT
MRK	- 0.7	T
MRK	- 0.68	JPM
UBER	- 0.65	MSFT

US Treasury Competition Risk-Adjusted Indicators

There is a big difference between UTWY Etf performing well and US Treasury 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 US Treasury'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	1.58	0.09	0.00	(0.04)	0.00	0.00	2.49	(3.59)	8.65
MSFT	1.07	(0.15)	0.00	(0.39)	0.00	0.00	2.56	(2.14)	10.31
UBER	1.89	0.18	0.10	0.28	2.38	(1.97)	4.72	(3.30)	12.75
F	1.40	0.06	0.00	(0.08)	0.00	0.00	2.71	(2.89)	10.14
T	1.04	0.23	0.17	0.30	1.64	(1.07)	1.90	(2.12)	11.66
A	1.14	(0.12)	0.00	(0.28)	0.00	0.00	2.80	(2.59)	9.03
CRM	1.40	(0.27)	0.00	(0.40)	0.00	0.00	2.21	(3.81)	8.88
JPM	1.07	0.03	0.00	(0.12)	0.00	0.00	1.97	(3.35)	6.85
MRK	1.21	(0.13)	0.00	1.63	0.00	0.00	2.08	(2.24)	11.57
XOM	1.01	(0.02)	0.00	(0.21)	0.00	0.00	2.07	(2.36)	5.89

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