VanEck Preferred Correlations

PFXF Etf

USD 18.53 0.10 0.54%

The current 90-days correlation between VanEck Preferred Sec and iShares Core MSCI is 0.58 (i.e., Very weak diversification). The correlation of VanEck Preferred 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.

VanEck Preferred Correlation With Market

Poor diversification

The correlation between VanEck Preferred Securities and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Preferred Securities and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VanEck Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in VanEck Preferred Securities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in median.

Moving together with VanEck Etf

0.98	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.98	FPE	First Trust Preferred	Pair Corr
0.73	PGX	Invesco Preferred ETF	Pair Corr
0.97	PFFD	Global X Preferred	Pair Corr
0.97	VRP	Invesco Variable Rate	Pair Corr
0.68	PGF	Invesco Financial	Pair Corr
0.71	PSK	SPDR ICE Preferred	Pair Corr
0.95	FPEI	First Trust Institutional	Pair Corr
0.7	PFFA	Virtus InfraCap Preferred	Pair Corr
0.66	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.75	DFEN	Direxion Daily Aerospace	Pair Corr
0.91	DGP	DB Gold Double	Pair Corr
0.67	UGL	ProShares Ultra Gold	Pair Corr
0.62	NUGT	Direxion Daily Gold	Pair Corr
0.76	DIG	ProShares Ultra Oil	Pair Corr
0.66	URNM	Sprott Uranium Miners	Pair Corr
0.84	JANH	Innovator Equity Premium	Pair Corr
0.95	HYUP	Xtrackers High Beta	Pair Corr
0.7	IWD	iShares Russell 1000	Pair Corr
0.64	LITL	Simplify Exchange Traded	Pair Corr
0.93	GDX	VanEck Gold Miners Aggressive Push	Pair Corr
0.68	IBMQ	iShares Trust	Pair Corr
0.75	EEMX	SPDR MSCI Emerging	Pair Corr
0.64	SGOL	abrdn Physical Gold	Pair Corr
0.96	MOOD	Relative Sentiment	Pair Corr
0.94	MMSD	New York Life	Pair Corr
0.95	SIVR	abrdn Physical Silver	Pair Corr

Moving against VanEck Etf

0.73

FNGU

MicroSectors FANG Index Symbol Change

Pair Corr

Related Correlations Analysis

	QQEW	FTLS	ITM	GTO	FDIS	IYG	PFFA	ICF	FIW	IPAC
QQEW		0.34	0.39	0.32	0.63	0.5	0.27	-0.05	0.24	0.34	QQEW
FTLS	0.34		0.2	0.22	0.57	0.57	0.47	-0.1	0.21	0.56	FTLS
ITM	0.39	0.2		0.91	0.72	0.62	0.75	0.5	0.67	0.76	ITM
GTO	0.32	0.22	0.91		0.64	0.47	0.65	0.58	0.72	0.67	GTO
FDIS	0.63	0.57	0.72	0.64		0.78	0.78	0.21	0.62	0.81	FDIS
IYG	0.5	0.57	0.62	0.47	0.78		0.77	-0.11	0.18	0.63	IYG
PFFA	0.27	0.47	0.75	0.65	0.78	0.77		0.17	0.47	0.88	PFFA
ICF	-0.05	-0.1	0.5	0.58	0.21	-0.11	0.17		0.78	0.37	ICF
FIW	0.24	0.21	0.67	0.72	0.62	0.18	0.47	0.78		0.69	FIW
IPAC	0.34	0.56	0.76	0.67	0.81	0.63	0.88	0.37	0.69		IPAC
	QQEW	FTLS	ITM	GTO	FDIS	IYG	PFFA	ICF	FIW	IPAC

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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

GTO	+ 0.91	ITM
IPAC	+ 0.88	PFFA
IPAC	+ 0.81	FDIS
IYG	+ 0.78	FDIS
PFFA	+ 0.78	FDIS
FIW	+ 0.78	ICF

High negative correlations

ICF	- 0.11	IYG
ICF	- 0.1	FTLS
ICF	- 0.05	QQEW

VanEck Preferred Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Preferred 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 VanEck Preferred'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
QQEW	0.73	(0.01)	(0.08)	(0.24)	0.91	(0.81)	1.20	(1.60)	3.65
FTLS	0.41	0.01	(0.03)	0.10	0.49	(0.44)	0.83	(0.75)	2.76
ITM	0.10	0.01	(0.40)	0.23	0.00	(0.12)	0.24	(0.19)	0.70
GTO	0.13	(0.01)	(0.41)	0.01	0.11	(0.16)	0.26	(0.30)	0.68
FDIS	0.92	(0.03)	(0.01)	0.05	1.15	(0.92)	1.89	(2.23)	5.22
IYG	0.72	(0.03)	(0.03)	0.04	0.97	(0.73)	1.38	(1.66)	4.81
PFFA	0.24	0.03	(0.07)	0.21	0.04	(0.29)	0.51	(0.43)	1.39
ICF	0.57	(0.06)	0.00	(0.08)	0.00	0.00	1.09	(1.38)	3.33
FIW	0.70	(0.07)	(0.09)	(0.01)	0.85	(0.73)	1.74	(1.24)	4.64
IPAC	0.57	0.07	0.06	0.17	0.69	(0.55)	1.32	(1.38)	3.53

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