Invesco Total Correlations

GTO Etf

USD 47.58 0.09 0.19%

The current 90-days correlation between Invesco Total Return and VanEck Preferred Securities is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Total moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Total Return moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Invesco Total Correlation With Market

Significant diversification

The correlation between Invesco Total Return and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Total Return and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Invesco Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Total Return. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Invesco Etf

0.98	IUSB	iShares Core Total	Pair Corr
0.64	FIXD	First Trust TCW	Pair Corr
0.71	FBND	Fidelity Total Bond	Pair Corr
0.78	TOTL	SPDR DoubleLine Total	Pair Corr
0.69	HTRB	Hartford Total Return	Pair Corr
0.97	EUSB	iShares Trust	Pair Corr
0.78	JCPB	JPMorgan Core Plus	Pair Corr

Related Correlations Analysis

	PFXF	ITM	FDIS	FIW	QQEW	ILF	AVSC	XHB	VCMDX	FMB
PFXF		0.73	0.85	0.32	0.69	0.42	0.88	0.39	0.59	0.4	PFXF
ITM	0.73		0.66	-0.11	0.43	0.78	0.77	0.11	0.81	0.88	ITM
FDIS	0.85	0.66		0.36	0.71	0.44	0.86	0.46	0.51	0.38	FDIS
FIW	0.32	-0.11	0.36		0.44	-0.41	0.15	0.68	-0.22	-0.35	FIW
QQEW	0.69	0.43	0.71	0.44		0.19	0.68	0.6	0.32	0.1	QQEW
ILF	0.42	0.78	0.44	-0.41	0.19		0.61	0.01	0.86	0.86	ILF
AVSC	0.88	0.77	0.86	0.15	0.68	0.61		0.46	0.67	0.51	AVSC
XHB	0.39	0.11	0.46	0.68	0.6	0.01	0.46		0.05	-0.08	XHB
VCMDX	0.59	0.81	0.51	-0.22	0.32	0.86	0.67	0.05		0.78	VCMDX
FMB	0.4	0.88	0.38	-0.35	0.1	0.86	0.51	-0.08	0.78		FMB
	PFXF	ITM	FDIS	FIW	QQEW	ILF	AVSC	XHB	VCMDX	FMB

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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

AVSC	+ 0.88	PFXF
FMB	+ 0.88	ITM
AVSC	+ 0.86	FDIS
VCMDX	+ 0.86	ILF
FMB	+ 0.86	ILF
FDIS	+ 0.85	PFXF

High negative correlations

ILF	- 0.41	FIW
FMB	- 0.35	FIW
VCMDX	- 0.22	FIW
FIW	- 0.11	ITM
FMB	- 0.08	XHB

Invesco Total Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Total 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 Invesco Total'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
PFXF	0.44	0.02	(0.05)	0.14	0.46	(0.48)	0.87	(0.91)	2.26
ITM	0.10	0.02	(0.53)	0.71	0.00	(0.12)	0.24	(0.19)	0.51
FDIS	0.91	0.03	0.02	0.12	1.11	(0.92)	1.81	(1.80)	5.22
FIW	0.69	(0.04)	(0.08)	0.03	0.76	(0.72)	1.57	(1.18)	3.69
QQEW	0.72	(0.03)	(0.05)	0.05	0.85	(0.78)	1.20	(1.50)	3.56
ILF	0.86	0.21	0.13	0.41	1.06	(0.92)	1.96	(1.40)	6.58
AVSC	0.85	0.07	0.07	0.15	0.78	(1.04)	1.92	(1.58)	4.35
XHB	1.14	(0.02)	0.00	0.07	1.17	(1.40)	3.73	(2.20)	6.68
VCMDX	0.68	0.06	0.00	0.26	0.72	(0.75)	1.51	(1.41)	3.64
FMB	0.09	0.02	(0.57)	(1.95)	0.00	(0.10)	0.24	(0.20)	0.57

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