Barclays ETN Correlations

FLEU Etf

USD 24.24 0.10 0.41%

The current 90-days correlation between Barclays ETN FI and Davis Select International is 0.69 (i.e., Poor diversification). The correlation of Barclays ETN 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Barclays ETN Correlation With Market

Good diversification

The correlation between Barclays ETN FI and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays ETN FI 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 Barclays ETN FI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Barclays Etf

0.82	VEA	Vanguard FTSE Developed	Pair Corr
0.84	IEFA	iShares Core MSCI	Pair Corr
0.77	VEU	Vanguard FTSE All	Pair Corr
0.83	EFA	iShares MSCI EAFE	Pair Corr
0.77	IXUS	iShares Core MSCI	Pair Corr
0.82	SPDW	SPDR SP World	Pair Corr
0.82	IDEV	iShares Core MSCI	Pair Corr
0.82	ESGD	iShares ESG Aware	Pair Corr
0.81	JIRE	JP Morgan Exchange	Pair Corr
0.76	DFAX	Dimensional World	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.84	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against Barclays Etf

0.56	MAGS	Roundhill Magnificent	Pair Corr
0.55	IGA	Voya Global Advantage	Pair Corr
0.54	PXMV	Invesco SP MidCap	Pair Corr
0.84	BAC	Bank of America Aggressive Push	Pair Corr
0.82	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.79	DIS	Walt Disney Aggressive Push	Pair Corr
0.77	WMT	Walmart Aggressive Push	Pair Corr
0.72	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.71	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.66	T	ATT Inc Aggressive Push	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.63	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.4	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DINT	DIVY	PY	XC	MGMT	VFMV	VFVA	DSMC	DSTX
DINT		0.25	0.63	0.13	0.39	0.39	0.45	0.49	0.28	DINT
DIVY	0.25		0.54	0.4	0.4	0.52	0.51	0.61	0.24	DIVY
PY	0.63	0.54		-0.24	0.92	0.94	0.95	0.93	-0.33	PY
XC	0.13	0.4	-0.24		-0.43	-0.35	-0.32	-0.17	0.87	XC
MGMT	0.39	0.4	0.92	-0.43		0.95	0.97	0.94	-0.56	MGMT
VFMV	0.39	0.52	0.94	-0.35	0.95		0.96	0.92	-0.49	VFMV
VFVA	0.45	0.51	0.95	-0.32	0.97	0.96		0.97	-0.45	VFVA
DSMC	0.49	0.61	0.93	-0.17	0.94	0.92	0.97		-0.28	DSMC
DSTX	0.28	0.24	-0.33	0.87	-0.56	-0.49	-0.45	-0.28		DSTX
	DINT	DIVY	PY	XC	MGMT	VFMV	VFVA	DSMC	DSTX

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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

VFVA	+ 0.97	MGMT
DSMC	+ 0.97	VFVA
VFVA	+ 0.96	VFMV
VFVA	+ 0.95	PY
VFMV	+ 0.95	MGMT
VFMV	+ 0.94	PY

High negative correlations

DSTX	- 0.56	MGMT
DSTX	- 0.49	VFMV
DSTX	- 0.45	VFVA
MGMT	- 0.43	XC
VFMV	- 0.35	XC
DSTX	- 0.33	PY

Barclays ETN Constituents Risk-Adjusted Indicators

There is a big difference between Barclays Etf performing well and Barclays ETN 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 Barclays ETN'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
DINT	1.22	0.20	0.02	(0.44)	1.73	(1.22)	3.13	(2.15)	10.90
DIVY	0.60	0.02	(0.15)	0.92	0.57	(0.74)	1.18	(0.90)	3.79
PY	0.55	0.12	0.01	4.59	0.41	(0.62)	1.18	(0.96)	3.91
XC	0.67	(0.07)	0.00	(0.59)	0.00	0.00	1.66	(1.25)	4.05
MGMT	0.90	0.20	0.13	1.13	0.61	(1.14)	2.30	(1.19)	7.55
VFMV	0.48	0.08	(0.04)	1.06	0.42	(0.52)	0.96	(0.93)	3.23
VFVA	0.79	0.10	(0.01)	1.89	0.68	(0.93)	1.50	(1.35)	6.66
DSMC	0.86	0.07	(0.02)	0.47	0.89	(0.96)	1.82	(1.40)	5.91
DSTX	0.75	(0.07)	0.00	0.86	0.00	0.00	1.80	(1.71)	5.02

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