FundX ETF Correlations

Etfs . USA . 
Etf . FundX ETF
XCOR Etf  USD 66.50  0.85  1.29%   
The current 90-days correlation between FundX ETF and Vanguard Growth Index is 0.99 (i.e., No risk reduction). The correlation of FundX ETF 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.

FundX ETF Correlation With Market

Very weak diversification

The correlation between FundX ETF and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FundX ETF and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in FundX ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in FundX Etf, please use our How to Invest in FundX ETF guide.

Moving together with FundX Etf

  1.0VUG Vanguard Growth IndexPairCorr
  1.0IWF iShares Russell 1000PairCorr
  1.0IVW iShares SP 500PairCorr
  0.99SPYG SPDR Portfolio SPPairCorr
  1.0IUSG iShares Core SPPairCorr
  1.0VONG Vanguard Russell 1000PairCorr
  1.0MGK Vanguard Mega CapPairCorr
  0.65VRGWX Vanguard Russell 1000PairCorr
  0.99QQQM Invesco NASDAQ 100PairCorr
  0.99IWY iShares Russell TopPairCorr
  0.83GBTC Grayscale Bitcoin TrustPairCorr
  0.79USD ProShares Ultra SemiPairCorr
  0.98FNGO MicroSectors FANG IndexPairCorr

Moving against FundX Etf

  0.72SCHO Schwab Short TermPairCorr
  0.65CAAA First Trust ExchangePairCorr
  0.57UBND Victory PortfoliosPairCorr
  0.57MOTI VanEck Morningstar Low VolatilityPairCorr
  0.57BSCP Invesco BulletShares 2025PairCorr
  0.56HCRB Hartford Core BondPairCorr
  0.53VGK Vanguard FTSE Europe Sell-off TrendPairCorr
  0.47AMPS Altus PowerPairCorr
  0.31GHTA Collaborative InvestmentPairCorr
  0.7TWM ProShares UltraShortPairCorr
  0.68EFNL iShares MSCI FinlandPairCorr
  0.64CGUI Capital Group FixedPairCorr
  0.63BOIL ProShares Ultra Bloomberg Buyout TrendPairCorr
  0.62DWSH AdvisorShares DorseyPairCorr
  0.55IUSB iShares Core TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

FundX ETF Constituents Risk-Adjusted Indicators

There is a big difference between FundX Etf performing well and FundX ETF 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 FundX ETF'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VUG  1.08 (0.08) 0.00 (0.18) 0.00 
 0.00 
 1.79 
(2.62)
 6.53 
IWF  1.10 (0.08) 0.00 (0.18) 0.00 
 0.00 
 1.81 
(2.78)
 6.38 
IVW  1.11 (0.06) 0.00 (0.15) 0.00 
 0.00 
 1.84 
(2.88)
 6.10 
SPYG  1.12 (0.05) 0.00 (0.15) 0.00 
 0.00 
 1.81 
(2.87)
 6.14 
IUSG  1.10 (0.06) 0.00 (0.16) 0.00 
 0.00 
 1.69 
(2.76)
 5.82 
VONG  1.08 (0.08) 0.00 (0.19) 0.00 
 0.00 
 1.65 
(2.76)
 6.19 
MGK  1.10 (0.09) 0.00 (0.19) 0.00 
 0.00 
 1.79 
(2.76)
 6.54 
VRGWX  1.09 (0.07) 0.00 (0.16) 0.00 
 0.00 
 2.22 
(2.74)
 6.38 
QQQM  1.08 (0.05) 0.00 (0.15) 0.00 
 0.00 
 1.69 
(2.75)
 6.03 
IWY  1.10 (0.08) 0.00 (0.19) 0.00 
 0.00 
 1.78 
(2.59)
 6.47 

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