Franklin Large Correlations

FLUS Etf

CAD 49.05 0.24 0.49%

The current 90-days correlation between Franklin Large Cap and Franklin Bissett Corporate is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Large Correlation With Market

Weak diversification

The correlation between Franklin Large Cap and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Large Cap and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Franklin Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Large when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Large - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Large Cap to buy it.

Moving together with Franklin Etf

0.97	XSP	iShares Core SP	Pair Corr
0.99	ZSP	BMO SP 500	Pair Corr
0.99	VFV	Vanguard SP 500	Pair Corr
0.99	HXS	Global X SP	Pair Corr
0.99	XUS	iShares Core SP	Pair Corr
0.98	ZUE	BMO SP 500	Pair Corr
0.98	VSP	Vanguard SP 500	Pair Corr
0.96	ZQQ	BMO NASDAQ 100	Pair Corr
0.96	XQQ	iShares NASDAQ 100	Pair Corr
0.99	XUU	iShares Core SP	Pair Corr
0.91	CBCX	CI Galaxy Blockchain	Pair Corr
0.87	FBTC	Fidelity Advantage	Pair Corr
0.87	EBIT	Bitcoin ETF CAD	Pair Corr
0.87	BTCQ	3iQ Bitcoin ETF	Pair Corr
0.87	BTCC	Purpose Bitcoin CAD	Pair Corr
0.87	ETC	Evolve Cryptocurrencies	Pair Corr
0.88	BTCY	Purpose Bitcoin Yield	Pair Corr
0.87	BITC	Ninepoint Bitcoin ETF	Pair Corr
0.91	HBKU	BetaPro Equal Weight	Pair Corr

Related Correlations Analysis

	FLCI	FHG	DXU	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO
FLCI		0.43	0.4	0.04	0.86	0.27	-0.3	0.39	-0.02	0.08	FLCI
FHG	0.43		0.97	-0.76	0.71	0.23	-0.69	0.97	-0.06	-0.24	FHG
DXU	0.4	0.97		-0.8	0.67	0.31	-0.66	0.98	-0.18	-0.14	DXU
ZUAG-U	0.04	-0.76	-0.8		-0.3	-0.16	0.53	-0.83	0.31	0.34	ZUAG-U
XHB	0.86	0.71	0.67	-0.3		0.28	-0.51	0.69	-0.12	-0.08	XHB
EDGF	0.27	0.23	0.31	-0.16	0.28		0.06	0.3	-0.3	0.29	EDGF
SOLR	-0.3	-0.69	-0.66	0.53	-0.51	0.06		-0.65	-0.12	0.18	SOLR
0P0000OXA6	0.39	0.97	0.98	-0.83	0.69	0.3	-0.65		-0.18	-0.21	0P0000OXA6
ALA-PA	-0.02	-0.06	-0.18	0.31	-0.12	-0.3	-0.12	-0.18		-0.25	ALA-PA
ECO	0.08	-0.24	-0.14	0.34	-0.08	0.29	0.18	-0.21	-0.25		ECO
	FLCI	FHG	DXU	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO

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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

0P0000OXA6	+ 0.98	DXU
DXU	+ 0.97	FHG
0P0000OXA6	+ 0.97	FHG
XHB	+ 0.86	FLCI
XHB	+ 0.71	FHG
0P0000OXA6	+ 0.69	XHB

High negative correlations

0P0000OXA6	- 0.83	ZUAG-U
ZUAG-U	- 0.8	DXU
ZUAG-U	- 0.76	FHG
SOLR	- 0.69	FHG
SOLR	- 0.66	DXU
0P0000OXA6	- 0.65	SOLR

Franklin Large Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Large 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 Franklin Large'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
FLCI	0.23	0.02	(0.37)	0.56	0.17	(0.27)	0.51	(0.45)	1.29
FHG	0.80	0.17	0.15	0.36	0.48	(0.94)	2.31	(1.24)	5.87
DXU	0.76	0.10	0.05	0.32	0.77	(0.81)	1.53	(1.41)	5.49
ZUAG-U	0.15	(0.03)	0.00	(0.44)	0.00	0.00	0.46	(0.46)	2.35
XHB	0.21	0.03	(0.38)	0.34	0.00	(0.29)	0.52	(0.31)	1.07
EDGF	0.83	0.01	(0.07)	0.27	1.12	(1.22)	2.26	(1.87)	6.36
SOLR	6.76	0.09	0.00	0.21	8.90	(25.00)	25.00	(20.00)	58.33
0P0000OXA6	0.51	0.08	0.01	0.31	0.46	(0.56)	1.15	(1.18)	4.34
ALA-PA	0.53	0.02	(0.13)	0.30	0.64	(0.62)	1.15	(1.45)	3.73
ECO	1.52	0.06	(0.06)	0.01	1.91	(1.74)	3.84	(3.00)	11.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Franklin Large without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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