Correlation Between BondBloxx ETF and Gold Futures
Can any of the company-specific risk be diversified away by investing in both BondBloxx ETF and Gold Futures 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 BondBloxx ETF and Gold Futures into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between BondBloxx ETF Trust and Gold Futures, you can compare the effects of market volatilities on BondBloxx ETF and Gold Futures 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 BondBloxx ETF with a short position of Gold Futures. Check out your portfolio center. Please also check ongoing floating volatility patterns of BondBloxx ETF and Gold Futures.
Diversification Opportunities for BondBloxx ETF and Gold Futures
0.42 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between BondBloxx and Gold is 0.42. Overlapping area represents the amount of risk that can be diversified away by holding BondBloxx ETF Trust and Gold Futures in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gold Futures and BondBloxx ETF 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 BondBloxx ETF Trust are associated (or correlated) with Gold Futures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gold Futures has no effect on the direction of BondBloxx ETF i.e., BondBloxx ETF and Gold Futures go up and down completely randomly.
Pair Corralation between BondBloxx ETF and Gold Futures
Given the investment horizon of 90 days BondBloxx ETF is expected to generate 9.21 times less return on investment than Gold Futures. But when comparing it to its historical volatility, BondBloxx ETF Trust is 29.03 times less risky than Gold Futures. It trades about 0.6 of its potential returns per unit of risk. Gold Futures is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest 421,770 in Gold Futures on October 9, 2025 and sell it today you would earn a total of 24,710 from holding Gold Futures or generate 5.86% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 95.45% |
| Values | Daily Returns |
BondBloxx ETF Trust vs. Gold Futures
Performance |
| Timeline |
| BondBloxx ETF Trust |
| Gold Futures |
BondBloxx ETF and Gold Futures Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BondBloxx ETF and Gold Futures
The main advantage of trading using opposite BondBloxx ETF and Gold Futures positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BondBloxx ETF position performs unexpectedly, Gold Futures 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 Gold Futures will offset losses from the drop in Gold Futures' long position.| BondBloxx ETF vs. 3EDGE Dynamic Fixed | BondBloxx ETF vs. STF Tactical Growth | BondBloxx ETF vs. CornerCap Fundametrics Large Cap | BondBloxx ETF vs. Invesco Actively Managed |
| Gold Futures vs. Class III Milk | Gold Futures vs. Natural Gas | Gold Futures vs. Lumber Futures | Gold Futures vs. Lean Hogs Futures |
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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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