DGA Core Correlations

HF Etf

USD 21.23 0.06 0.28%

The current 90-days correlation between DGA Core Plus and Draco Evolution AI is 0.74 (i.e., Poor diversification). The correlation of DGA Core 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.

DGA Core Correlation With Market

Average diversification

The correlation between DGA Core Plus and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DGA Core Plus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DGA Etf

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

Moving together with DGA Etf

0.94	OCIO	ClearShares OCIO ETF	Pair Corr
0.77	MFUL	Collaborative Investment	Pair Corr
0.81	MPRO	Northern Lights	Pair Corr
0.65	RULE	Collaborative Investment	Pair Corr
0.93	UPAR	Tidal ETF Trust	Pair Corr
0.73	SIXD	AIM ETF Products	Pair Corr
0.85	AFK	VanEck Africa Index	Pair Corr
0.78	ZZZ	Cyber Hornet SP Symbol Change	Pair Corr
0.66	SGVT	Schwab Strategic Trust	Pair Corr
0.88	QQQ	Invesco QQQ Trust	Pair Corr
0.75	IWMI	NEOS Russell 2000 Low Volatility	Pair Corr
0.88	MODRX	WisdomTree Siegel	Pair Corr
0.7	DFP	Flaherty and Crumrine	Pair Corr
0.89	GMF	SPDR SP Emerging	Pair Corr
0.88	PAUG	Innovator Equity Power	Pair Corr
0.89	AJUL	Innovator Equity Defined	Pair Corr
0.89	TCAI	Tortoise Capital Series	Pair Corr
0.86	AAAA	Amplius Aggressive Asset	Pair Corr
0.77	IBCA	iShares Trust	Pair Corr
0.66	GURU	Global X Guru	Pair Corr
0.89	XLK	Technology Select Sector	Pair Corr
0.96	IDHQ	Invesco SP International	Pair Corr
0.91	DRIV	Global X Autonomous	Pair Corr
0.64	GENT	Spinnaker ETF Series	Pair Corr
0.89	DTCR	Global X Data	Pair Corr
0.83	IVV	iShares Core SP	Pair Corr
0.81	DBB	Invesco DB Base	Pair Corr
0.66	IBHE	iShares iBonds 2025	Pair Corr

Moving against DGA Etf

0.41	VIXY	ProShares VIX Short	Pair Corr
0.4	VXX	iPath Series B	Pair Corr
0.7	REKT	Direxion Shares ETF	Pair Corr

Related Correlations Analysis

	DRAI	VIXM	VIXY	NELS	FAAR	FARX	WTMF	FFUT
DRAI		0.16	-0.29	-0.26	0.48	0.93	0.94	0.93	DRAI
VIXM	0.16		0.77	-0.66	0.02	0.09	0.09	0.17	VIXM
VIXY	-0.29	0.77		-0.6	-0.17	-0.26	-0.24	-0.25	VIXY
NELS	-0.26	-0.66	-0.6		-0.2	-0.3	-0.28	-0.3	NELS
FAAR	0.48	0.02	-0.17	-0.2		0.6	0.52	0.59	FAAR
FARX	0.93	0.09	-0.26	-0.3	0.6		0.98	0.94	FARX
WTMF	0.94	0.09	-0.24	-0.28	0.52	0.98		0.92	WTMF
FFUT	0.93	0.17	-0.25	-0.3	0.59	0.94	0.92		FFUT
	DRAI	VIXM	VIXY	NELS	FAAR	FARX	WTMF	FFUT

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

WTMF	+ 0.98	FARX
WTMF	+ 0.94	DRAI
FFUT	+ 0.94	FARX
FARX	+ 0.93	DRAI
FFUT	+ 0.93	DRAI
FFUT	+ 0.92	WTMF

High negative correlations

NELS	- 0.66	VIXM
NELS	- 0.6	VIXY
FFUT	- 0.3	NELS
FARX	- 0.3	NELS
VIXY	- 0.29	DRAI
WTMF	- 0.28	NELS

DGA Core Constituents Risk-Adjusted Indicators

There is a big difference between DGA Etf performing well and DGA Core 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 DGA Core'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
DRAI	0.59	0.14	0.07	1.72	0.85	(0.61)	1.31	(1.26)	4.52
VIXM	0.92	0.02	(0.04)	(0.02)	1.34	(0.84)	1.89	(2.33)	5.72
VIXY	2.59	(0.05)	0.00	0.16	0.00	0.00	6.64	(7.14)	20.66
NELS	0.71	0.03	0.01	0.12	0.94	(0.67)	1.57	(1.89)	3.63
FAAR	0.69	0.02	(0.04)	0.35	0.71	(0.75)	1.35	(1.25)	3.72
FARX	0.31	0.06	0.01	0.62	0.32	(0.31)	0.60	(0.74)	2.48
WTMF	0.37	0.07	0.03	1.17	0.40	(0.40)	0.80	(0.87)	2.49
FFUT	0.38	0.05	(0.02)	0.56	0.49	(0.36)	0.68	(0.72)	4.21

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