Global X Correlations

XTR Etf

USD 27.64 0.38 1.39%

The current 90-days correlation between Global X SP and Strategy Shares is 0.29 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Global X Correlation With Market

Very weak diversification

The correlation between Global X SP and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X SP 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 Global X SP. 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

0.98	ACIO	Aptus Collared Income	Pair Corr
0.99	ADME	Aptus Drawdown Managed	Pair Corr
0.82	SWAN	Amplify BlackSwan Growth	Pair Corr
0.88	PHDG	Invesco SP 500	Pair Corr
0.98	MSTB	ETF Series Solutions	Pair Corr
0.97	HEGD	Swan Hedged Equity	Pair Corr
0.9	HEQT	Simplify Exchange Traded	Pair Corr
0.83	GTR	WisdomTree Target Range	Pair Corr
0.61	RXI	iShares Global Consumer	Pair Corr
0.67	HD	Home Depot	Pair Corr

Moving against Global Etf

0.42

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		-0.03	-0.14	-0.14	0.02	0.09	-0.06	-0.1	-0.04	DHSB
MBOX	-0.03		0.49	0.35	-0.04	0.52	0.96	0.81	0.91	MBOX
DIEM	-0.14	0.49		0.81	-0.3	0.21	0.6	0.65	0.44	DIEM
MCHI	-0.14	0.35	0.81		-0.19	0.03	0.56	0.76	0.33	MCHI
DIPS	0.02	-0.04	-0.3	-0.19		0.16	0.0	-0.03	-0.01	DIPS
DISO	0.09	0.52	0.21	0.03	0.16		0.49	0.26	0.53	DISO
DIVB	-0.06	0.96	0.6	0.56	0.0	0.49		0.92	0.9	DIVB
DIVD	-0.1	0.81	0.65	0.76	-0.03	0.26	0.92		0.75	DIVD
DIVG	-0.04	0.91	0.44	0.33	-0.01	0.53	0.9	0.75		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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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

DIVB	+ 0.96	MBOX
DIVD	+ 0.92	DIVB
DIVG	+ 0.91	MBOX
DIVG	+ 0.9	DIVB
DIVD	+ 0.81	MBOX
MCHI	+ 0.81	DIEM

High negative correlations

DIPS	- 0.3	DIEM
DIPS	- 0.19	MCHI
MCHI	- 0.14	DHSB
DIEM	- 0.14	DHSB
DIVD	- 0.1	DHSB
DIVB	- 0.06	DHSB

Global X Constituents 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
DHSB	0.31	(0.08)	0.00	(0.94)	0.00	0.00	0.49	(0.64)	0.96
MBOX	0.59	(0.01)	0.02	(0.31)	0.83	(0.59)	1.06	(1.06)	4.74
DIEM	0.59	0.00	0.02	(0.01)	0.86	(0.60)	1.34	(1.81)	4.44
MCHI	1.36	0.22	0.14	(43.05)	1.50	(1.50)	2.57	(2.42)	12.27
DIPS	1.96	0.16	0.06	0.31	2.70	(1.91)	3.34	(3.60)	23.78
DISO	0.70	(0.01)	0.01	(0.88)	0.91	(0.68)	1.41	(1.37)	3.42
DIVB	0.53	0.02	0.06	0.31	0.66	(0.57)	1.01	(0.89)	3.96
DIVD	0.51	0.07	0.13	2.21	0.57	(0.56)	0.88	(0.78)	3.20
DIVG	0.50	(0.02)	0.00	(0.06)	0.00	0.00	0.97	(1.13)	2.77

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