Defiance Large Correlations

XMAG Etf

23.20 0.15 0.65%

The current 90-days correlation between Defiance Large Cap and VanEck Morningstar Durable is 0.28 (i.e., Modest diversification). The correlation of Defiance Large 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.

Defiance Large Correlation With Market

Almost no diversification

The correlation between Defiance Large Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Defiance Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Defiance Large Cap. 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 Defiance Etf

0.83	VTI	Vanguard Total Stock	Pair Corr
0.81	SPY	SPDR SP 500	Pair Corr
0.81	IVV	iShares Core SP	Pair Corr
0.89	VIG	Vanguard Dividend Sell-off Trend	Pair Corr
0.75	VV	Vanguard Large Cap	Pair Corr
0.92	RSP	Invesco SP 500	Pair Corr
0.81	IWB	iShares Russell 1000	Pair Corr
0.73	ESGU	iShares ESG Aware	Pair Corr
0.92	DFAC	Dimensional Core Equity	Pair Corr
0.84	SPLG	SSgA Symbol Change	Pair Corr
0.89	VTV	Vanguard Value Index	Pair Corr
0.91	VO	Vanguard Mid Cap Sell-off Trend	Pair Corr
0.9	VEA	Vanguard FTSE Developed	Pair Corr
0.91	VB	Vanguard Small Cap	Pair Corr
0.83	VWO	Vanguard FTSE Emerging	Pair Corr
0.88	FNDC	Schwab Fundamental	Pair Corr
0.88	SPVM	Invesco SP 500	Pair Corr
0.88	XYLD	Global X SP	Pair Corr
0.82	LVHI	Franklin International Low Volatility	Pair Corr
0.91	EURL	Direxion Daily FTSE	Pair Corr
0.89	PFFA	Virtus InfraCap Preferred	Pair Corr
0.88	CHPS	Xtrackers Semiconductor	Pair Corr
0.82	NCPB	Nuveen Core Plus	Pair Corr
0.81	UDI	USCF ETF Trust	Pair Corr
0.91	DMCY	Democracy International	Pair Corr
0.64	GOOX	Etf Opportunities Trust	Pair Corr
0.9	JEPI	JPMorgan Equity Premium	Pair Corr
0.86	TAXT	Northern Trust Tax	Pair Corr
0.89	NBCE	Neuberger Berman ETF	Pair Corr
0.85	BMVP	Invesco Bloomberg MVP	Pair Corr
0.96	XAUG	FT Cboe Vest	Pair Corr
0.88	PSFD	Pacer Swan SOS	Pair Corr
0.84	REGL	ProShares SP MidCap	Pair Corr
0.85	STXE	EA Series Trust	Pair Corr
0.81	IAUM	iShares Gold Trust	Pair Corr

Related Correlations Analysis

	TLCI	BLCN	CVRD	RSMV	ATFV	PSCJ	NXTE	EDGU	ASIA	DURA
TLCI		0.1	0.88	0.84	0.28	0.88	0.91	0.86	0.9	0.66	TLCI
BLCN	0.1		0.1	0.29	0.78	0.13	0.13	0.16	-0.14	-0.48	BLCN
CVRD	0.88	0.1		0.85	0.35	0.96	0.89	0.94	0.8	0.65	CVRD
RSMV	0.84	0.29	0.85		0.48	0.85	0.75	0.8	0.66	0.41	RSMV
ATFV	0.28	0.78	0.35	0.48		0.42	0.28	0.39	0.0	-0.3	ATFV
PSCJ	0.88	0.13	0.96	0.85	0.42		0.88	0.97	0.79	0.64	PSCJ
NXTE	0.91	0.13	0.89	0.75	0.28	0.88		0.91	0.91	0.71	NXTE
EDGU	0.86	0.16	0.94	0.8	0.39	0.97	0.91		0.8	0.66	EDGU
ASIA	0.9	-0.14	0.8	0.66	0.0	0.79	0.91	0.8		0.84	ASIA
DURA	0.66	-0.48	0.65	0.41	-0.3	0.64	0.71	0.66	0.84		DURA
	TLCI	BLCN	CVRD	RSMV	ATFV	PSCJ	NXTE	EDGU	ASIA	DURA

Please upgrade your account to get full access to Macroaxis premium features

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

EDGU	+ 0.97	PSCJ
PSCJ	+ 0.96	CVRD
EDGU	+ 0.94	CVRD
NXTE	+ 0.91	TLCI
EDGU	+ 0.91	NXTE
ASIA	+ 0.91	NXTE

High negative correlations

DURA	- 0.48	BLCN
DURA	- 0.3	ATFV
ASIA	- 0.14	BLCN
ASIA	- 0.0	ATFV

Defiance Large Constituents Risk-Adjusted Indicators

There is a big difference between Defiance Etf performing well and Defiance Large 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 Defiance Large'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
TLCI	0.60	0.04	(0.01)	(0.53)	0.69	(0.66)	1.30	(1.28)	3.18
BLCN	1.68	(0.24)	0.00	(0.12)	0.00	0.00	4.18	(3.60)	13.69
CVRD	0.48	0.02	0.01	0.08	0.52	(0.53)	0.92	(1.01)	2.98
RSMV	0.58	0.02	(0.03)	(0.24)	0.73	(0.61)	1.20	(1.29)	2.93
ATFV	1.05	(0.11)	0.00	(0.07)	0.00	0.00	2.28	(2.93)	7.17
PSCJ	0.20	0.00	(0.09)	0.06	0.24	(0.23)	0.50	(0.56)	1.57
NXTE	1.08	0.03	0.03	0.07	1.28	(1.21)	2.09	(2.41)	6.17
EDGU	0.57	(0.02)	(0.03)	0.02	0.78	(0.58)	1.12	(1.53)	3.74
ASIA	0.77	0.16	0.13	2.06	0.68	(0.86)	1.91	(1.55)	4.61
DURA	0.76	0.24	0.12	(2.68)	1.19	(0.84)	1.66	(0.97)	8.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC