Harbor ETF Correlations

SMLL Etf

USD 20.13 0.49 2.49%

The current 90-days correlation between Harbor ETF Trust and FT Vest Equity is 0.67 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harbor ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harbor ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Harbor ETF Correlation With Market

Poor diversification

The correlation between Harbor ETF Trust and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harbor ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Harbor Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Harbor ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Harbor Etf

0.79	FNDA	Schwab Fundamental Small	Pair Corr
0.65	DFAS	Dimensional Small Cap	Pair Corr
0.89	BA	Boeing	Pair Corr
0.86	DIS	Walt Disney	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.93	HD	Home Depot	Pair Corr

Moving against Harbor Etf

0.59	TCAI	Tortoise Capital Series	Pair Corr
0.54	VWO	Vanguard FTSE Emerging	Pair Corr
0.53	VEA	Vanguard FTSE Developed	Pair Corr
0.52	BND	Vanguard Total Bond	Pair Corr
0.5	VTV	Vanguard Value Index	Pair Corr
0.48	IVV	iShares Core SP	Pair Corr
0.47	SPY	SPDR SP 500	Pair Corr
0.41	VTI	Vanguard Total Stock	Pair Corr
0.4	VUG	Vanguard Growth Index	Pair Corr
0.83	CAT	Caterpillar	Pair Corr
0.75	IBM	International Business	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.69	XOM	Exxon Mobil Corp	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.58	MMM	3M Company	Pair Corr
0.56	AXP	American Express	Pair Corr
0.54	GE	GE Aerospace Sell-off Trend	Pair Corr
0.52	TRV	The Travelers Companies	Pair Corr
0.45	BAC	Bank of America	Pair Corr
0.36	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE
DHDG		0.19	-0.13	0.79	0.07	-0.01	0.72	0.71	-0.38	DHDG
MBCC	0.19		0.68	0.35	0.79	0.72	0.55	0.56	0.64	MBCC
DHLX	-0.13	0.68		0.06	0.75	0.57	0.26	0.38	0.83	DHLX
DIHP	0.79	0.35	0.06		0.08	0.19	0.72	0.76	-0.18	DIHP
MCDS	0.07	0.79	0.75	0.08		0.59	0.4	0.47	0.72	MCDS
MCHS	-0.01	0.72	0.57	0.19	0.59		0.62	0.46	0.51	MCHS
DINT	0.72	0.55	0.26	0.72	0.4	0.62		0.86	0.03	DINT
DISV	0.71	0.56	0.38	0.76	0.47	0.46	0.86		0.21	DISV
DIVE	-0.38	0.64	0.83	-0.18	0.72	0.51	0.03	0.21		DIVE
	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE

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

DISV	+ 0.86	DINT
DIVE	+ 0.83	DHLX
DIHP	+ 0.79	DHDG
MCDS	+ 0.79	MBCC
DISV	+ 0.76	DIHP
MCDS	+ 0.75	DHLX

High negative correlations

DIVE	- 0.38	DHDG
DIVE	- 0.18	DIHP
DHLX	- 0.13	DHDG
MCHS	- 0.01	DHDG

Harbor ETF Constituents Risk-Adjusted Indicators

There is a big difference between Harbor Etf performing well and Harbor ETF 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 Harbor ETF'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
DHDG	0.22	0.02	(0.02)	0.12	0.19	(0.25)	0.73	(0.57)	1.64
MBCC	0.53	(0.06)	0.00	(0.02)	0.00	0.00	0.90	(1.25)	2.75
DHLX	0.61	(0.08)	0.00	(0.09)	0.00	0.00	1.03	(1.38)	2.41
DIHP	0.56	0.00	(0.06)	0.08	0.71	(0.56)	0.92	(1.11)	2.70
MCDS	0.60	(0.04)	(0.05)	0.01	0.80	(0.62)	1.35	(1.28)	4.09
MCHS	0.93	(0.10)	0.00	(0.07)	0.00	0.00	2.01	(2.15)	7.05
DINT	0.76	(0.01)	(0.01)	0.04	1.12	(0.70)	1.36	(1.95)	4.48
DISV	0.61	0.01	(0.01)	0.06	0.66	(0.69)	1.16	(1.28)	3.05
DIVE	0.58	(0.05)	0.00	(0.02)	0.00	0.00	1.33	(1.24)	4.47

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