Global X Correlations

EMC Etf

26.30 0.07 0.27%

The current 90-days correlation between Global X Funds and Freedom Day Dividend is 0.43 (i.e., Very weak diversification). The correlation of Global X 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.

Global X Correlation With Market

Weak diversification

The correlation between Global X Funds and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Funds 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 Global X Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Global Etf

0.93	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.97	EEM	iShares MSCI Emerging	Pair Corr
0.93	SPEM	SPDR Portfolio Emerging	Pair Corr
0.91	FNDE	Schwab Fundamental	Pair Corr
0.97	ESGE	iShares ESG Aware	Pair Corr
0.73	DGS	WisdomTree Emerging	Pair Corr
0.96	XSOE	WisdomTree Emerging	Pair Corr
0.67	EMXC	iShares MSCI Emerging	Pair Corr
0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Global Etf

0.42	PG	Procter Gamble Sell-off Trend	Pair Corr
0.32	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	MBOX	MCHI	DIVB	DIVS	DIVZ	MCSE	MDCP	EV	FM
MBOX		0.27	0.85	0.29	0.83	-0.41	0.9	0.35	0.41	MBOX
MCHI	0.27		0.49	0.54	0.4	-0.03	0.45	0.97	0.35	MCHI
DIVB	0.85	0.49		0.27	0.97	-0.65	0.96	0.5	0.57	DIVB
DIVS	0.29	0.54	0.27		0.21	0.48	0.32	0.53	-0.04	DIVS
DIVZ	0.83	0.4	0.97	0.21		-0.69	0.93	0.43	0.53	DIVZ
MCSE	-0.41	-0.03	-0.65	0.48	-0.69		-0.58	-0.03	-0.52	MCSE
MDCP	0.9	0.45	0.96	0.32	0.93	-0.58		0.5	0.54	MDCP
EV	0.35	0.97	0.5	0.53	0.43	-0.03	0.5		0.32	EV
FM	0.41	0.35	0.57	-0.04	0.53	-0.52	0.54	0.32		FM
	MBOX	MCHI	DIVB	DIVS	DIVZ	MCSE	MDCP	EV	FM

Click cells to compare fundamentals

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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

EV	+ 0.97	MCHI
DIVZ	+ 0.97	DIVB
MDCP	+ 0.96	DIVB
MDCP	+ 0.93	DIVZ
MDCP	+ 0.9	MBOX
DIVB	+ 0.85	MBOX

High negative correlations

MCSE	- 0.69	DIVZ
MCSE	- 0.65	DIVB
MDCP	- 0.58	MCSE
FM	- 0.52	MCSE
MCSE	- 0.41	MBOX
FM	- 0.04	DIVS

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
MBOX	0.61	(0.05)	(0.08)	0.07	0.63	(0.70)	1.25	(1.29)	3.49
MCHI	1.92	0.23	0.04	1.99	2.50	(2.15)	5.40	(3.25)	19.77
DIVB	0.53	0.01	(0.03)	0.13	0.32	(0.66)	1.04	(0.81)	3.81
DIVS	0.48	(0.05)	(0.17)	0.03	0.58	(0.48)	1.00	(1.10)	2.41
DIVZ	0.45	0.02	(0.08)	0.16	0.24	(0.56)	1.05	(0.68)	2.35
MCSE	0.88	(0.25)	0.00	(0.26)	0.00	0.00	1.44	(2.08)	6.65
MDCP	0.70	(0.01)	(0.02)	0.12	0.71	(0.74)	1.43	(1.13)	3.86
EV	1.38	0.13	0.02	0.69	1.59	(1.43)	3.34	(2.78)	7.99
FM	0.15	(0.01)	0.00	0.22	0.00	0.00	0.26	(0.33)	1.16

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