Wahed FTSE Correlations

Etfs . USA . 
Etf . Wahed FTSE USA
HLAL Etf  USD 52.96  0.24  0.45%   
The current 90-days correlation between Wahed FTSE USA and SP Funds SP is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wahed FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wahed FTSE USA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Wahed FTSE Correlation With Market

Poor diversification

The correlation between Wahed FTSE USA and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wahed FTSE USA and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Wahed FTSE USA. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Wahed Etf

  0.93VTI Vanguard Total StockPairCorr
  0.94SPY SPDR SP 500 Aggressive PushPairCorr
  0.94IVV iShares Core SPPairCorr
  0.93VIG Vanguard DividendPairCorr
  0.94VV Vanguard Large CapPairCorr
  0.94RSP Invesco SP 500 Sell-off TrendPairCorr
  0.94IWB iShares Russell 1000PairCorr
  0.95ESGU iShares ESG AwarePairCorr
  0.93DFAC Dimensional Core Equity Sell-off TrendPairCorr
  0.94SPLG SPDR Portfolio SPPairCorr
  0.9SIXD AIM ETF ProductsPairCorr
  0.87CEFD ETRACS Monthly PayPairCorr
  0.73TSJA TSJAPairCorr
  0.73DSJA DSJAPairCorr
  0.63T ATT Inc Aggressive PushPairCorr
  0.84CSCO Cisco Systems Aggressive PushPairCorr
  0.87AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.78HPQ HP IncPairCorr
  0.66GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.89INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.63TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.73WMT Walmart Aggressive PushPairCorr
  0.65XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.61JPM JPMorgan Chase Sell-off TrendPairCorr
  0.85AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.69DIS Walt Disney Aggressive PushPairCorr

Moving against Wahed Etf

  0.7VIIX VIIXPairCorr
  0.69YCL ProShares Ultra YenPairCorr
  0.67FXY Invesco CurrencySharesPairCorr
  0.64ULE ProShares Ultra EuroPairCorr
  0.63MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.61BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.57KO Coca Cola Sell-off TrendPairCorr
  0.49PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY