ClearBridge Dividend Correlations

YLDE Etf

USD 51.81 0.01 0.02%

The current 90-days correlation between ClearBridge Dividend and ClearBridge Large Cap is 0.71 (i.e., Poor diversification). The correlation of ClearBridge Dividend 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.

ClearBridge Dividend Correlation With Market

Very poor diversification

The correlation between ClearBridge Dividend Strategy and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ClearBridge Dividend Strategy 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 ClearBridge Dividend Strategy. 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 ClearBridge Etf

0.85	VTV	Vanguard Value Index	Pair Corr
0.84	VYM	Vanguard High Dividend	Pair Corr
0.85	IWD	iShares Russell 1000	Pair Corr
0.92	DGRO	iShares Core Dividend Sell-off Trend	Pair Corr
0.85	IVE	iShares SP 500	Pair Corr
0.92	DVY	iShares Select Dividend	Pair Corr
0.88	SPYV	SPDR Portfolio SP	Pair Corr
0.71	FVD	First Trust Value	Pair Corr
0.87	IUSV	iShares Core SP	Pair Corr
0.68	NOBL	ProShares SP 500	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr
0.63	GE	GE Aerospace	Pair Corr

Moving against ClearBridge Etf

0.58

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	LRGE	VSDA	RNLC	CACG	VSMV
LRGE		0.24	0.0	0.0	0.69	LRGE
VSDA	0.24		0.0	0.0	0.8	VSDA
RNLC	0.0	0.0		0.0	0.0	RNLC
CACG	0.0	0.0	0.0		0.0	CACG
VSMV	0.69	0.8	0.0	0.0		VSMV
	LRGE	VSDA	RNLC	CACG	VSMV

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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

VSMV	+ 0.8	VSDA
VSMV	+ 0.69	LRGE
VSDA	+ 0.24	LRGE
RNLC	+ 0.0	LRGE
CACG	+ 0.0	LRGE
RNLC	+ 0.0	VSDA

High negative correlations

VSMV	- 0.0	CACG
VSMV	- 0.0	RNLC
CACG	- 0.0	RNLC
CACG	- 0.0	VSDA
RNLC	- 0.0	VSDA
CACG	- 0.0	LRGE

ClearBridge Dividend Constituents Risk-Adjusted Indicators

There is a big difference between ClearBridge Etf performing well and ClearBridge Dividend 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 ClearBridge Dividend'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
LRGE	0.93	(0.09)	0.00	(0.11)	0.00	0.00	1.50	(2.19)	5.23
VSDA	0.65	0.03	0.04	0.02	0.84	(0.62)	1.27	(1.44)	3.89
RNLC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CACG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSMV	0.51	0.01	0.03	(0.01)	0.65	(0.50)	0.94	(1.11)	2.14

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