Franklin Exponential Correlations

XDAT Etf

USD 22.30 0.51 2.34%

The current 90-days correlation between Franklin Exponential Data and Vanguard Wellington Fund is -0.06 (i.e., Good diversification). The correlation of Franklin Exponential 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Franklin Exponential Correlation With Market

Excellent diversification

The correlation between Franklin Exponential Data and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Exponential Data and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Franklin Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Franklin Exponential Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Franklin Etf

0.75	VGT	Vanguard Information	Pair Corr
0.73	XLK	Technology Select Sector	Pair Corr
0.83	IYW	iShares Technology ETF	Pair Corr
0.95	CIBR	First Trust NASDAQ	Pair Corr
0.74	FTEC	Fidelity MSCI Information	Pair Corr
0.98	IGV	iShares Expanded Tech Low Volatility	Pair Corr
0.96	FDN	First Trust Dow	Pair Corr
0.83	IGM	iShares Expanded Tech	Pair Corr
0.88	MAGS	Roundhill Magnificent Sell-off Trend	Pair Corr
0.66	ENTR	EntrepreneurShares	Pair Corr

Moving against Franklin Etf

0.92	IGA	Voya Global Advantage	Pair Corr
0.87	ARP	Advisors Inner Circle	Pair Corr
0.85	PXMV	Invesco SP MidCap	Pair Corr
0.81	SOXX	iShares Semiconductor ETF	Pair Corr
0.78	SMH	VanEck Semiconductor ETF	Pair Corr
0.47	DHF	BNY Mellon High	Pair Corr
0.98	FDV	First Trust Capital	Pair Corr
0.93	PSDM	PGIM Short Duration	Pair Corr
0.92	TXXI	BondBloxx ETF Trust	Pair Corr
0.92	CTEF	Castellan Targeted Equity	Pair Corr
0.92	GMOC	GMO ETF Trust	Pair Corr
0.91	SETH	ProShares Trust	Pair Corr
0.9	FPE	First Trust Preferred	Pair Corr
0.9	DDXX	EA Series Trust	Pair Corr
0.89	AFIF	Anfield Universal Fixed	Pair Corr
0.89	PIO	Invesco Global Water	Pair Corr
0.88	RTRE	Rareview Total Return	Pair Corr
0.87	WIP	SPDR FTSE International	Pair Corr
0.79	UGA	United States Gasoline	Pair Corr
0.74	ISMF	iShares Managed Futures	Pair Corr
0.62	HYGH	iShares Interest Rate	Pair Corr
0.95	SCDV	ETF Series Solutions	Pair Corr
0.95	FTAG	First Trust Indxx	Pair Corr
0.93	RSPN	Invesco SP 500	Pair Corr
0.91	FAN	First Trust Global	Pair Corr
0.9	JIII	Janus Detroit Street	Pair Corr
0.89	XFLX	FundX Investment Trust	Pair Corr

Related Correlations Analysis

	VITAX	IWF	VDADX	VIG	VB	VEMAX	VWO	VSCIX	AGG	VWENX
VITAX		0.91	-0.41	-0.41	-0.4	-0.4	-0.38	-0.4	-0.61	0.18	VITAX
IWF	0.91		-0.65	-0.65	-0.66	-0.67	-0.65	-0.66	-0.79	-0.08	IWF
VDADX	-0.41	-0.65		1.0	0.91	0.9	0.9	0.91	0.74	0.7	VDADX
VIG	-0.41	-0.65	1.0		0.92	0.9	0.9	0.92	0.74	0.71	VIG
VB	-0.4	-0.66	0.91	0.92		0.93	0.93	1.0	0.72	0.66	VB
VEMAX	-0.4	-0.67	0.9	0.9	0.93		1.0	0.93	0.75	0.73	VEMAX
VWO	-0.38	-0.65	0.9	0.9	0.93	1.0		0.93	0.74	0.74	VWO
VSCIX	-0.4	-0.66	0.91	0.92	1.0	0.93	0.93		0.72	0.66	VSCIX
AGG	-0.61	-0.79	0.74	0.74	0.72	0.75	0.74	0.72		0.47	AGG
VWENX	0.18	-0.08	0.7	0.71	0.66	0.73	0.74	0.66	0.47		VWENX
	VITAX	IWF	VDADX	VIG	VB	VEMAX	VWO	VSCIX	AGG	VWENX

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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

VIG	+ 1.0	VDADX
VSCIX	+ 1.0	VB
VWO	+ 1.0	VEMAX
VEMAX	+ 0.93	VB
VWO	+ 0.93	VB
VSCIX	+ 0.93	VEMAX

High negative correlations

AGG	- 0.79	IWF
VEMAX	- 0.67	IWF
VSCIX	- 0.66	IWF
VB	- 0.66	IWF
VWO	- 0.65	IWF
VIG	- 0.65	IWF

Franklin Exponential Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Exponential 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 Franklin Exponential'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
VITAX	0.99	(0.04)	0.00	(0.04)	0.00	0.00	1.58	(2.27)	6.97
IWF	0.68	(0.08)	0.00	(0.11)	0.00	0.00	1.28	(1.78)	4.36
VDADX	0.48	0.00	0.00	0.00	0.63	(0.48)	0.95	(1.02)	3.42
VIG	0.47	0.00	0.00	0.00	0.62	(0.47)	0.96	(0.96)	3.42
VB	0.72	0.07	0.08	0.07	0.80	(0.78)	1.61	(1.55)	4.99
VEMAX	0.65	0.05	0.05	0.08	0.89	(0.67)	1.28	(1.22)	5.28
VWO	0.70	0.04	0.04	0.05	0.96	(0.73)	1.55	(1.31)	5.69
VSCIX	0.73	0.07	0.08	0.07	0.79	(0.74)	1.59	(1.55)	4.91
AGG	0.14	0.00	0.00	0.03	0.13	(0.16)	0.31	(0.30)	0.85
VWENX	0.36	(0.01)	0.00	(0.03)	0.00	0.00	0.58	(0.72)	2.11

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