Capital Group Correlations

CGUS Etf

USD 41.07 0.31 0.76%

The current 90-days correlation between Capital Group Core and Capital Group Global is 0.13 (i.e., Average diversification). The correlation of Capital Group 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.

Capital Group Correlation With Market

Very poor diversification

The correlation between Capital Group Core and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Core and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Capital Etf

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

Moving together with Capital Etf

0.97	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500	Pair Corr
0.98	IVV	iShares Core SP	Pair Corr
0.85	VIG	Vanguard Dividend	Pair Corr
0.98	VV	Vanguard Large Cap	Pair Corr
0.8	RSP	Invesco SP 500	Pair Corr
0.97	IWB	iShares Russell 1000	Pair Corr
0.97	ESGU	iShares ESG Aware	Pair Corr
0.91	DFAC	Dimensional Core Equity	Pair Corr
0.75	MUU	Direxion Daily MU Buyout Trend	Pair Corr
0.75	MULL	GraniteShares 2x Long	Pair Corr
0.75	KORU	Direxion Daily South	Pair Corr
0.61	AGQ	ProShares Ultra Silver	Pair Corr
0.76	JEPI	JPMorgan Equity Premium	Pair Corr
0.61	IBM	International Business	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.7	AXP	American Express	Pair Corr
0.75	BAC	Bank of America Earnings Call This Week	Pair Corr

Moving against Capital Etf

0.55	T	ATT Inc	Pair Corr
0.49	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CGGO	BUFR	VCR	XLRE	VIS	VCDAX	SPLV	GDXJ	FDN	JQUA
CGGO		0.57	0.66	0.13	0.78	0.72	0.06	0.58	0.36	0.87	CGGO
BUFR	0.57		0.8	-0.27	0.83	0.52	-0.18	0.61	-0.16	0.7	BUFR
VCR	0.66	0.8		0.01	0.88	0.79	-0.1	0.5	0.29	0.74	VCR
XLRE	0.13	-0.27	0.01		-0.01	0.01	0.61	-0.32	0.56	0.01	XLRE
VIS	0.78	0.83	0.88	-0.01		0.71	-0.11	0.58	0.2	0.77	VIS
VCDAX	0.72	0.52	0.79	0.01	0.71		0.05	0.54	0.41	0.75	VCDAX
SPLV	0.06	-0.18	-0.1	0.61	-0.11	0.05		0.19	0.01	0.1	SPLV
GDXJ	0.58	0.61	0.5	-0.32	0.58	0.54	0.19		-0.23	0.75	GDXJ
FDN	0.36	-0.16	0.29	0.56	0.2	0.41	0.01	-0.23		0.17	FDN
JQUA	0.87	0.7	0.74	0.01	0.77	0.75	0.1	0.75	0.17		JQUA
	CGGO	BUFR	VCR	XLRE	VIS	VCDAX	SPLV	GDXJ	FDN	JQUA

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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

VIS	+ 0.88	VCR
JQUA	+ 0.87	CGGO
VIS	+ 0.83	BUFR
VCR	+ 0.8	BUFR
VCDAX	+ 0.79	VCR
VIS	+ 0.78	CGGO

High negative correlations

GDXJ	- 0.32	XLRE
XLRE	- 0.27	BUFR
FDN	- 0.23	GDXJ
SPLV	- 0.18	BUFR
FDN	- 0.16	BUFR
SPLV	- 0.11	VIS

Capital Group Constituents Risk-Adjusted Indicators

There is a big difference between Capital Etf performing well and Capital Group 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 Capital Group'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
CGGO	0.64	0.08	0.01	0.54	0.80	(0.64)	1.31	(1.49)	3.43
BUFR	0.29	0.00	(0.09)	0.09	0.36	(0.28)	0.63	(0.65)	1.66
VCR	0.94	(0.01)	0.00	0.07	1.21	(0.94)	2.30	(2.33)	5.20
XLRE	0.58	(0.07)	0.00	(0.06)	0.00	0.00	1.13	(1.38)	4.20
VIS	0.86	(0.01)	0.00	0.07	0.98	(0.89)	1.52	(1.77)	3.82
VCDAX	0.91	0.03	0.02	0.12	1.08	(0.91)	1.82	(1.74)	5.23
SPLV	0.50	(0.05)	0.00	(0.08)	0.00	0.00	1.06	(1.08)	3.03
GDXJ	2.24	0.23	0.07	0.30	3.10	(2.43)	4.69	(4.91)	15.07
FDN	0.86	(0.14)	0.00	(0.06)	0.00	0.00	1.72	(2.46)	4.67
JQUA	0.53	0.05	(0.05)	0.86	0.54	(0.58)	1.04	(1.04)	2.60

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