Pacer Small Correlations

CALF Etf

USD 44.37 0.34 0.76%

The current 90-days correlation between Pacer Small Cap and WisdomTree Japan Hedged is 0.12 (i.e., Average diversification). The correlation of Pacer Small 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.

Pacer Small Correlation With Market

Poor diversification

The correlation between Pacer Small Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pacer Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pacer Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Pacer Etf

0.84	VBR	Vanguard Small Cap	Pair Corr
0.87	IWN	iShares Russell 2000	Pair Corr
0.92	IJJ	iShares SP Mid	Pair Corr
0.88	DFAT	Dimensional Targeted	Pair Corr
0.87	IJS	iShares SP Small	Pair Corr
0.87	SLYV	SPDR SP 600	Pair Corr
0.88	AVUV	Avantis Small Cap	Pair Corr
0.79	DES	WisdomTree SmallCap	Pair Corr
0.92	MDYV	SPDR SP 400	Pair Corr
0.75	TOT	Advisor Managed Port	Pair Corr
0.71	FB	ProShares Trust ProShares	Pair Corr
0.88	SWP	SWP Growth Income	Pair Corr
0.87	DUKH	Ocean Park High	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.73	BAC	Bank of America	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.73	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against Pacer Etf

0.47	MSFT	Microsoft	Pair Corr
0.35	T	ATT Inc	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DXJ	DON	SLYV	IYF	DFIS	BBEU	JMUB	GSIE	DFLV	JAVA
DXJ		0.69	0.8	0.84	0.72	0.81	0.7	0.67	0.92	0.87	DXJ
DON	0.69		0.93	0.88	0.87	0.81	0.25	0.58	0.88	0.8	DON
SLYV	0.8	0.93		0.88	0.87	0.87	0.47	0.63	0.93	0.85	SLYV
IYF	0.84	0.88	0.88		0.9	0.9	0.38	0.72	0.96	0.89	IYF
DFIS	0.72	0.87	0.87	0.9		0.96	0.38	0.7	0.9	0.84	DFIS
BBEU	0.81	0.81	0.87	0.9	0.96		0.52	0.72	0.94	0.87	BBEU
JMUB	0.7	0.25	0.47	0.38	0.38	0.52		0.31	0.55	0.47	JMUB
GSIE	0.67	0.58	0.63	0.72	0.7	0.72	0.31		0.71	0.78	GSIE
DFLV	0.92	0.88	0.93	0.96	0.9	0.94	0.55	0.71		0.92	DFLV
JAVA	0.87	0.8	0.85	0.89	0.84	0.87	0.47	0.78	0.92		JAVA
	DXJ	DON	SLYV	IYF	DFIS	BBEU	JMUB	GSIE	DFLV	JAVA

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Pacer Small Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Small 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 Pacer Small'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
DXJ	0.67	0.13	0.06	1.63	0.99	(0.69)	1.41	(1.21)	4.72
DON	0.61	(0.01)	(0.07)	(0.23)	0.81	(0.62)	1.47	(1.22)	3.19
SLYV	0.91	0.05	(0.01)	(0.72)	1.12	(1.04)	2.22	(2.00)	4.53
IYF	0.65	0.04	(0.01)	0.34	0.90	(0.70)	1.26	(1.46)	4.04
DFIS	0.60	0.05	0.00	0.47	0.67	(0.62)	1.20	(1.20)	2.54
BBEU	0.58	0.07	0.03	1.06	0.55	(0.62)	1.05	(1.04)	2.44
JMUB	0.08	0.01	(0.39)	(1.02)	0.00	(0.09)	0.20	(0.18)	0.46
GSIE	0.53	0.06	0.02	0.42	0.68	(0.49)	1.02	(1.25)	2.38
DFLV	0.59	0.06	0.02	0.84	0.67	(0.62)	1.23	(1.10)	2.84
JAVA	0.59	0.00	(0.01)	0.06	0.67	(0.61)	1.13	(1.07)	2.41

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