CI Enhanced Correlations
| FSB Etf | CAD 9.58 -0.02 -0.21% |
The current 90-days correlation between CI Enhanced Short and Desjardins RI USA is -0.09 (i.e., Good diversification).A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI Enhanced moves, either up or down, the other security will move in the same direction.
CI Enhanced Market Correlation Overview
Modest diversification
Across the chosen horizon, FSB and DJI show a correlation of 0.23 and fall into the Modest diversification bucket. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
FSB |
Return correlation data for CI Enhanced reflects its behavior alongside similar assets. The dataset reflects observed co-movement patterns from historical price data. In some jurisdictions, wash sale rules restrict substantially identical replacements.
Moving together with FSB Etf
| 0.65 | PCOR | PIMCO Managed Core | PairCorr |
| 0.83 | CPLS | CIBC Core Plus | PairCorr |
| 0.77 | XSE | iShares Conservative | PairCorr |
| 0.68 | MGB | Mackenzie Core Plus | PairCorr |
| 0.75 | XSC | iShares Conservative | PairCorr |
| 0.88 | CGRA | CI Global Real | PairCorr |
| 0.67 | NXF | First Asset Energy | PairCorr |
| 0.93 | EIT-UN | Canoe EIT Income | PairCorr |
Moving against FSB Etf
| 0.52 | PAYF | Purpose Enhanced Premium | PairCorr |
| 0.45 | ZPH | BMO Put Write | PairCorr |
| 0.42 | TXF | First Asset Tech | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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CI Enhanced Constituents Risk-Adjusted Indicators
Strong stock returns do not always mean CI Enhanced ETF is outperforming its peers on a fundamental level. Risk-adjusted metrics allow investors to compare CI Enhanced's efficiency and downside exposure against peers in a more meaningful way. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HBND | 0.40 | -0.01 | 0.00 | -0.14 | 0.00 | 0.81 | 2.22 | |||
| HPYT | 0.38 | -0.01 | 0.00 | -0.17 | 0.00 | 0.84 | 2.04 | |||
| XHB | 0.14 | 0.00 | 0.00 | -0.13 | 0.00 | 0.25 | 0.90 | |||
| XSAB | 0.18 | -0.01 | 0.00 | -0.15 | 0.00 | 0.33 | 0.94 | |||
| PFAE | 0.75 | 0.01 | 0.00 | -0.08 | 0.00 | 1.51 | 4.84 | |||
| ZFH | 0.19 | -0.05 | 0.00 | -1.31 | 0.00 | 0.33 | 1.45 | |||
| XCS | 1.33 | 0.20 | 0.08 | 0.09 | 2.25 | 2.68 | 8.15 | |||
| HEWB | 0.77 | 0.04 | 0.00 | -0.04 | 0.00 | 1.52 | 5.09 | |||
| XQLT | 0.63 | 0.00 | 0.00 | -0.09 | 0.00 | 1.24 | 4.02 | |||
| DRFU | 0.47 | -0.06 | 0.00 | 0.29 | 0.00 | 1.01 | 3.83 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to CI Enhanced Short is being used efficiently relative to other opportunities in the same equity universe. Used correctly, optimization turns position sizing and rebalancing into measurable decisions rather than guesswork.
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