Correlation Between Pacer Swan and Listed Funds
Can any of the company-specific risk be diversified away by investing in both Pacer Swan and Listed Funds at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Pacer Swan and Listed Funds into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Pacer Swan SOS and Listed Funds Trust, you can compare the effects of market volatilities on Pacer Swan and Listed Funds and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Pacer Swan with a short position of Listed Funds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Pacer Swan and Listed Funds.
Diversification Opportunities for Pacer Swan and Listed Funds
0.85 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Pacer and Listed is 0.85. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Swan SOS and Listed Funds Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Listed Funds Trust and Pacer Swan is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Pacer Swan SOS are associated (or correlated) with Listed Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Listed Funds Trust has no effect on the direction of Pacer Swan i.e., Pacer Swan and Listed Funds go up and down completely randomly.
Pair Corralation between Pacer Swan and Listed Funds
Given the investment horizon of 90 days Pacer Swan SOS is expected to generate 3.08 times more return on investment than Listed Funds. However, Pacer Swan is 3.08 times more volatile than Listed Funds Trust. It trades about 0.18 of its potential returns per unit of risk. Listed Funds Trust is currently generating about 0.28 per unit of risk. If you would invest 3,059 in Pacer Swan SOS on July 26, 2025 and sell it today you would earn a total of 79.00 from holding Pacer Swan SOS or generate 2.58% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Pacer Swan SOS vs. Listed Funds Trust
Performance |
| Timeline |
| Pacer Swan SOS |
| Listed Funds Trust |
Pacer Swan and Listed Funds Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Pacer Swan and Listed Funds
The main advantage of trading using opposite Pacer Swan and Listed Funds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Pacer Swan position performs unexpectedly, Listed Funds can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Listed Funds will offset losses from the drop in Listed Funds' long position.| Pacer Swan vs. AIM ETF Products | Pacer Swan vs. Innovator ETFs Trust | Pacer Swan vs. AIM ETF Products | Pacer Swan vs. Calamos SP 500 |
| Listed Funds vs. Innovator Equity Accelerated | Listed Funds vs. Kurv Technology Titans | Listed Funds vs. FT Cboe Vest | Listed Funds vs. Collaborative Investment Series |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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