ETRACS Bloomberg Correlations

DJCB Etf

USD 20.60 1.34 6.11%

The current 90-days correlation between ETRACS Bloomberg Com and abrdn Bloomberg All is 0.39 (i.e., Weak diversification). The correlation of ETRACS Bloomberg 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.

ETRACS Bloomberg Correlation With Market

Good diversification

The correlation between ETRACS Bloomberg Commodity and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETRACS Bloomberg Commodity and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ETRACS Bloomberg Commodity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with ETRACS Etf

0.73	PDBC	Invesco Optimum Yield	Pair Corr
0.68	FTGC	First Trust Global	Pair Corr
0.73	DBC	Invesco DB Commodity	Pair Corr
0.68	COMT	iShares GSCI Commodity	Pair Corr
0.68	GSG	iShares SP GSCI	Pair Corr
0.74	DJP	iPath Bloomberg Commodity	Pair Corr
0.74	BCI	abrdn Bloomberg All	Pair Corr
0.76	CMDY	iShares Bloomberg Roll	Pair Corr
0.74	COMB	GraniteShares Bloomberg	Pair Corr

Moving against ETRACS Etf

0.35

FBGX

UBS

Pair Corr

Related Correlations Analysis

	BCD	COMB	COMT	BCI	CCRV
BCD		1.0	0.89	1.0	0.92	BCD
COMB	1.0		0.88	1.0	0.91	COMB
COMT	0.89	0.88		0.88	0.98	COMT
BCI	1.0	1.0	0.88		0.91	BCI
CCRV	0.92	0.91	0.98	0.91		CCRV
	BCD	COMB	COMT	BCI	CCRV

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ETRACS Bloomberg Constituents Risk-Adjusted Indicators

There is a big difference between ETRACS Etf performing well and ETRACS Bloomberg 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 ETRACS Bloomberg'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
BCD	0.56	0.09	(0.05)	(0.53)	0.65	(0.58)	1.37	(1.02)	3.17
COMB	0.61	0.10	(0.04)	(0.66)	0.70	(0.62)	1.38	(1.23)	3.58
COMT	0.88	0.09	(0.05)	(0.22)	1.10	(0.93)	1.77	(1.68)	4.74
BCI	0.60	0.10	(0.04)	(0.60)	0.71	(0.63)	1.34	(1.23)	3.32
CCRV	0.79	0.10	(0.05)	(0.30)	0.84	(0.95)	1.68	(1.60)	4.17

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