Global X Correlations

Etfs . USA . 
Etf . Global X Blockchain
BKCH Etf  USD 60.75  0.13  0.21%   
The current 90-days correlation between Global X Blockchain and VanEck Digital Transformation is 0.86 (i.e., Very poor 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.

Global X Correlation With Market

Very weak diversification

The correlation between Global X Blockchain 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 Blockchain and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Global Etf
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Blockchain. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Global Etf

  0.71VFH Vanguard Financials IndexPairCorr
  0.9KBE SPDR SP BankPairCorr
  0.92IYF iShares Financials ETFPairCorr
  0.72FNCL Fidelity MSCI FinancialsPairCorr
  0.93IYG iShares FinancialPairCorr
  0.71EUFN iShares MSCI Europe Sell-off TrendPairCorr
  0.93FXO First Trust FinancialsPairCorr
  0.91IAT iShares Regional BanksPairCorr
  0.81ARP Advisors Inner CirclePairCorr
  0.83PXMV Invesco SP MidCapPairCorr
  0.81ENTR ERShares EntrepreneursPairCorr
  0.85SEMI Columbia SeligmanPairCorr
  0.83SEMG EA Series TrustPairCorr
  0.62LRGF iShares Equity FactorPairCorr
  0.61ESGV Vanguard ESG StockPairCorr
  0.67WDTE Defiance SP 500 Symbol ChangePairCorr
  0.89XNOV FT Cboe VestPairCorr

Related Correlations Analysis


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.

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