Global X Correlations

EMC Etf

31.52 0.04 0.13%

The current 90-days correlation between Global X Funds and iShares Dividend and is 0.06 (i.e., Significant 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

Good diversification

The correlation between Global X Funds and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Funds and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Global Etf

0.96	VWO	Vanguard FTSE Emerging	Pair Corr
0.96	IEMG	iShares Core MSCI	Pair Corr
0.96	EEM	iShares MSCI Emerging	Pair Corr
0.96	SPEM	SPDR Portfolio Emerging	Pair Corr
0.95	FNDE	Schwab Fundamental	Pair Corr
0.96	ESGE	iShares ESG Aware	Pair Corr
0.94	SFGRX	Seafarer Overseas	Pair Corr
0.94	DGS	WisdomTree Emerging	Pair Corr
0.98	XSOE	WisdomTree Emerging	Pair Corr
0.93	VTI	Vanguard Total Stock	Pair Corr
0.93	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.93	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.81	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.9	VUG	Vanguard Growth Index	Pair Corr
0.85	VO	Vanguard Mid Cap	Pair Corr
0.88	VEA	Vanguard FTSE Developed	Pair Corr
0.87	VB	Vanguard Small Cap	Pair Corr
0.89	EBND	SPDR Bloomberg Emerging	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.7	JNJ	Johnson Johnson	Pair Corr
0.73	AXP	American Express Sell-off Trend	Pair Corr
0.85	GE	GE Aerospace	Pair Corr
0.83	INTC	Intel	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.86	BAC	Bank of America	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr

Moving against Global Etf

0.81

Coca Cola

Pair Corr

Related Correlations Analysis

	DIVB	MCSE	GK	MJ	XT	METV	DMAT	DMCY	DMXF
DIVB		0.37	0.62	0.73	0.84	0.75	0.79	0.86	0.8	DIVB
MCSE	0.37		0.0	-0.14	0.35	0.09	0.13	0.26	0.54	MCSE
GK	0.62	0.0		0.74	0.85	0.95	0.9	0.84	0.59	GK
MJ	0.73	-0.14	0.74		0.68	0.8	0.82	0.82	0.63	MJ
XT	0.84	0.35	0.85	0.68		0.91	0.93	0.91	0.75	XT
METV	0.75	0.09	0.95	0.8	0.91		0.95	0.91	0.68	METV
DMAT	0.79	0.13	0.9	0.82	0.93	0.95		0.92	0.7	DMAT
DMCY	0.86	0.26	0.84	0.82	0.91	0.91	0.92		0.89	DMCY
DMXF	0.8	0.54	0.59	0.63	0.75	0.68	0.7	0.89		DMXF
	DIVB	MCSE	GK	MJ	XT	METV	DMAT	DMCY	DMXF

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

METV	+ 0.95	GK
DMAT	+ 0.95	METV
DMAT	+ 0.93	XT
DMCY	+ 0.92	DMAT
METV	+ 0.91	XT
DMCY	+ 0.91	XT

High negative correlations

MJ	- 0.14	MCSE
GK	- 0.0	MCSE

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
DIVB	0.44	(0.02)	(0.05)	0.04	0.50	(0.46)	0.99	(0.90)	2.38
MCSE	0.72	(0.03)	(0.03)	0.04	0.89	(0.78)	1.76	(1.46)	4.59
GK	0.60	0.17	0.13	(1.34)	0.53	(0.67)	1.50	(1.17)	3.73
MJ	4.16	1.15	0.28	1.99	3.49	(5.15)	8.02	(6.83)	35.78
XT	0.64	0.11	0.16	0.18	0.38	(0.75)	1.52	(0.91)	3.23
METV	0.91	0.24	0.19	0.30	0.94	(1.04)	2.61	(1.35)	6.88
DMAT	1.19	0.58	0.37	2.60	0.91	(1.48)	2.76	(1.81)	6.21
DMCY	0.52	0.04	0.04	0.12	0.46	(0.58)	1.19	(0.85)	3.21
DMXF	0.62	(0.01)	(0.03)	0.06	0.61	(0.73)	1.26	(1.03)	3.53

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