Factor ETFs (improved)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
Factor ETFs (improved)
Last updated Apr 7, 2025
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Factor ETFs (improved), comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
Factor ETFs (improved)
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is May 8, 2019, corresponding to the inception date of DBMF
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -13.73% | -12.06% | -11.77% | -2.50% | 13.85% | 9.30% |
| Factor ETFs (improved) | -9.66% | -9.59% | -9.19% | -3.73% | 12.83% | N/A |
| Portfolio components: | ||||||
DBMF iM DBi Managed Futures Strategy ETF | -4.91% | -1.95% | -6.87% | -9.80% | 5.05% | N/A |
DYNF BlackRock U.S. Equity Factor Rotation ETF | -13.81% | -11.88% | -10.04% | 0.12% | 15.82% | N/A |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 6.49% | -4.00% | 1.16% | 11.36% | 6.41% | 4.04% |
IDHQ Invesco S&P International Developed High Quality ETF | -0.72% | -10.77% | -9.41% | -5.20% | 7.91% | 5.50% |
IDLV Invesco S&P International Developed Low Volatility ETF | 6.25% | -2.90% | 0.48% | 9.45% | 5.35% | 2.94% |
IDMO Invesco S&P International Developed Momentum ETF | -0.14% | -9.84% | -1.53% | -0.61% | 14.20% | 7.23% |
IVLU iShares MSCI Intl Value Factor ETF | 1.48% | -11.69% | -3.50% | 2.06% | 13.03% | N/A |
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | -9.28% | -9.66% | -6.14% | -8.33% | 13.76% | N/A |
RFG Invesco S&P MidCap 400® Pure Growth ETF | -17.06% | -10.99% | -17.98% | -19.51% | 11.61% | 4.79% |
RFV Invesco S&P MidCap 400® Pure Value ETF | -14.98% | -12.12% | -11.35% | -10.26% | 21.49% | 8.10% |
RPG Invesco S&P 500® Pure Growth ETF | -17.70% | -13.45% | -14.23% | -6.39% | 10.22% | 7.99% |
RPV Invesco S&P 500® Pure Value ETF | -6.15% | -8.26% | -3.30% | -0.76% | 17.00% | 6.78% |
RZG Invesco S&P SmallCap 600® Pure Growth ETF | -13.87% | -8.56% | -15.48% | -10.52% | 10.95% | 4.56% |
RZV Invesco S&P SmallCap 600® Pure Value ETF | -20.17% | -13.09% | -16.66% | -13.01% | 21.08% | 4.36% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | -3.71% | -8.54% | -5.97% | 8.89% | 12.19% | 7.67% |
SPHQ Invesco S&P 500® Quality ETF | -9.83% | -11.61% | -8.33% | 1.72% | 15.19% | 11.70% |
SPLV Invesco S&P 500® Low Volatility ETF | 0.41% | -5.63% | -0.14% | 10.14% | 9.32% | 8.62% |
SPMO Invesco S&P 500® Momentum ETF | -13.19% | -12.76% | -9.22% | 2.89% | 17.95% | N/A |
SPY SPDR S&P 500 ETF | -13.53% | -12.00% | -10.44% | -1.30% | 14.75% | 11.17% |
XMHQ | -13.55% | -9.05% | -15.96% | -18.02% | 16.40% | N/A |
XMLV | -3.85% | -5.67% | -2.74% | 7.18% | 9.03% | N/A |
XMMO | -16.22% | -10.61% | -13.83% | -9.15% | 15.83% | N/A |
XSHQ | -14.69% | -8.39% | -15.45% | -9.84% | 12.08% | N/A |
XSLV | -7.68% | -7.15% | -6.22% | 3.48% | 7.79% | N/A |
XSMO | -13.86% | -8.31% | -13.09% | -3.39% | 14.62% | N/A |
*Annualized
Monthly Returns
The table below presents the monthly returns of Factor ETFs (improved), with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.50% | -1.46% | -3.39% | -8.31% | -9.66% | ||||||||
| 2024 | 0.21% | 5.34% | 4.63% | -4.51% | 4.38% | -0.30% | 4.09% | 1.05% | 1.23% | -1.85% | 6.97% | -5.31% | 16.19% |
| 2023 | 6.20% | -2.36% | -1.25% | 0.60% | -2.83% | 7.10% | 3.75% | -1.86% | -3.49% | -3.47% | 7.54% | 6.54% | 16.51% |
| 2022 | -5.68% | -0.97% | 2.04% | -6.05% | 1.63% | -8.38% | 7.52% | -3.56% | -8.14% | 9.67% | 5.41% | -4.67% | -12.47% |
| 2021 | 1.51% | 3.48% | 3.79% | 2.75% | 1.39% | 0.93% | 0.70% | 2.41% | -3.43% | 5.30% | -2.25% | 4.13% | 22.36% |
| 2020 | -1.85% | -8.77% | -15.62% | 10.54% | 4.69% | 1.48% | 4.28% | 4.67% | -2.52% | -0.99% | 12.07% | 5.12% | 10.13% |
| 2019 | -4.10% | 5.97% | 0.53% | -2.02% | 2.56% | 1.55% | 2.36% | 2.34% | 9.20% |
Expense Ratio
Factor ETFs (improved) has an expense ratio of 0.30%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
DBMF: 0.85%
RFG: 0.35%
RFV: 0.35%
RPG: 0.35%
RPV: 0.35%
RZG: 0.35%
RZV: 0.35%
DYNF: 0.30%
IVLU: 0.30%
SPHD: 0.30%
IDHQ: 0.29%
OMFL: 0.29%
IDLV: 0.25%
IDMO: 0.25%
SPLV: 0.25%
EFAV: 0.20%
SPHQ: 0.15%
SPMO: 0.13%
SPY: 0.09%
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Factor ETFs (improved) is 19, meaning it’s performing worse than 81% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Overall Rank
Sharpe Ratio Rank
Sortino Ratio Rank
Omega Ratio Rank
Calmar Ratio Rank
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Portfolio: -0.26
^GSPC: -0.17
Portfolio: -0.25
^GSPC: -0.11
Portfolio: 0.97
^GSPC: 0.98
Portfolio: -0.27
^GSPC: -0.15
Portfolio: -1.21
^GSPC: -0.79
Portfolio components
Factor ETFs (improved)
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
Factor ETFs (improved) provided a 2.15% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.15% | 1.99% | 2.02% | 2.40% | 1.88% | 1.51% | 2.22% | 1.80% | 1.38% | 1.47% | 1.44% | 1.32% |
| Portfolio components: | ||||||||||||
DBMF iM DBi Managed Futures Strategy ETF | 6.17% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DYNF BlackRock U.S. Equity Factor Rotation ETF | 1.06% | 0.66% | 1.11% | 1.65% | 5.24% | 1.52% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 3.04% | 3.24% | 3.07% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% | 3.57% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.59% | 2.41% | 2.52% | 3.32% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% | 1.75% |
IDLV Invesco S&P International Developed Low Volatility ETF | 3.31% | 3.41% | 3.59% | 4.69% | 2.99% | 2.31% | 5.48% | 3.94% | 3.05% | 3.92% | 3.93% | 3.25% |
IDMO Invesco S&P International Developed Momentum ETF | 2.06% | 2.24% | 2.89% | 3.66% | 1.81% | 1.64% | 2.10% | 3.27% | 3.08% | 2.18% | 2.52% | 2.18% |
IVLU iShares MSCI Intl Value Factor ETF | 4.39% | 4.46% | 4.69% | 3.59% | 3.25% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% | 0.00% |
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.09% | 1.22% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% | 0.00% | 0.00% | 0.00% |
RFG Invesco S&P MidCap 400® Pure Growth ETF | 0.37% | 0.38% | 0.99% | 0.78% | 0.26% | 0.27% | 0.64% | 0.76% | 0.66% | 0.35% | 0.61% | 0.60% |
RFV Invesco S&P MidCap 400® Pure Value ETF | 1.85% | 1.31% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% | 1.19% |
RPG Invesco S&P 500® Pure Growth ETF | 0.34% | 0.25% | 1.44% | 0.74% | 0.00% | 0.46% | 0.83% | 0.47% | 0.56% | 0.43% | 0.73% | 0.67% |
RPV Invesco S&P 500® Pure Value ETF | 2.49% | 2.16% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% | 1.57% |
RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.88% | 0.95% | 1.43% | 1.59% | 0.22% | 0.48% | 0.70% | 0.46% | 0.44% | 0.65% | 0.70% | 0.36% |
RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.65% | 1.14% | 1.13% | 1.43% | 0.86% | 0.63% | 1.03% | 2.03% | 1.02% | 0.46% | 1.24% | 0.68% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.53% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
SPHQ Invesco S&P 500® Quality ETF | 1.27% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
SPLV Invesco S&P 500® Low Volatility ETF | 1.80% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% |
SPMO Invesco S&P 500® Momentum ETF | 0.62% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
XMHQ | 6.01% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% |
XMLV | 2.66% | 2.23% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.12% | 1.74% | 1.72% | 1.85% | 2.00% |
XMMO | 0.59% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
XSHQ | 1.48% | 1.18% | 1.15% | 2.02% | 1.25% | 1.24% | 1.11% | 1.16% | 0.79% | 0.00% | 0.00% | 0.00% |
XSLV | 2.19% | 2.55% | 2.35% | 2.79% | 1.05% | 2.48% | 2.43% | 2.75% | 1.87% | 1.96% | 2.20% | 2.38% |
XSMO | 0.97% | 0.63% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.65% | 0.28% | 0.30% | 0.35% | 1.31% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Factor ETFs (improved)
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the Factor ETFs (improved). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Factor ETFs (improved) was 35.65%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.
The current Factor ETFs (improved) drawdown is 13.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.65% | Jan 21, 2020 | 44 | Mar 23, 2020 | 163 | Nov 11, 2020 | 207 |
| -21.89% | Nov 17, 2021 | 219 | Sep 30, 2022 | 306 | Dec 19, 2023 | 525 |
| -14.67% | Dec 5, 2024 | 82 | Apr 4, 2025 | — | — | — |
| -7.55% | Jul 17, 2024 | 14 | Aug 5, 2024 | 14 | Aug 23, 2024 | 28 |
| -5.51% | Apr 1, 2024 | 15 | Apr 19, 2024 | 18 | May 15, 2024 | 33 |
Volatility
Volatility Chart
The current Factor ETFs (improved) volatility is 8.24%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Factor ETFs (improved)
Benchmark (^GSPC)
Portfolio components
Diversification
Asset Correlations Table
The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
| DBMF | SPLV | SPHD | EFAV | IDLV | SPMO | IDMO | IDHQ | IVLU | RZV | RPV | XSLV | RPG | XMLV | RFV | XSHQ | XSMO | SPHQ | XMMO | RZG | DYNF | OMFL | RFG | SPY | XMHQ | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DBMF | 1.00 | 0.06 | 0.06 | 0.06 | 0.07 | 0.19 | 0.16 | 0.12 | 0.13 | 0.11 | 0.11 | 0.09 | 0.15 | 0.10 | 0.12 | 0.14 | 0.16 | 0.16 | 0.17 | 0.12 | 0.16 | 0.14 | 0.14 | 0.16 | 0.14 |
| SPLV | 0.06 | 1.00 | 0.77 | 0.64 | 0.65 | 0.62 | 0.55 | 0.57 | 0.54 | 0.49 | 0.61 | 0.66 | 0.57 | 0.82 | 0.54 | 0.55 | 0.55 | 0.68 | 0.61 | 0.53 | 0.64 | 0.63 | 0.56 | 0.68 | 0.59 |
| SPHD | 0.06 | 0.77 | 1.00 | 0.60 | 0.63 | 0.46 | 0.49 | 0.55 | 0.66 | 0.75 | 0.86 | 0.79 | 0.50 | 0.83 | 0.77 | 0.70 | 0.62 | 0.62 | 0.58 | 0.64 | 0.61 | 0.72 | 0.60 | 0.65 | 0.69 |
| EFAV | 0.06 | 0.64 | 0.60 | 1.00 | 0.94 | 0.61 | 0.83 | 0.85 | 0.83 | 0.54 | 0.59 | 0.58 | 0.63 | 0.64 | 0.58 | 0.57 | 0.58 | 0.69 | 0.61 | 0.61 | 0.67 | 0.65 | 0.63 | 0.70 | 0.63 |
| IDLV | 0.07 | 0.65 | 0.63 | 0.94 | 1.00 | 0.61 | 0.82 | 0.83 | 0.84 | 0.58 | 0.63 | 0.61 | 0.63 | 0.67 | 0.61 | 0.60 | 0.60 | 0.69 | 0.63 | 0.62 | 0.68 | 0.66 | 0.64 | 0.70 | 0.65 |
| SPMO | 0.19 | 0.62 | 0.46 | 0.61 | 0.61 | 1.00 | 0.76 | 0.68 | 0.58 | 0.49 | 0.52 | 0.54 | 0.87 | 0.61 | 0.55 | 0.60 | 0.71 | 0.86 | 0.81 | 0.67 | 0.84 | 0.71 | 0.76 | 0.85 | 0.70 |
| IDMO | 0.16 | 0.55 | 0.49 | 0.83 | 0.82 | 0.76 | 1.00 | 0.85 | 0.79 | 0.54 | 0.56 | 0.55 | 0.74 | 0.59 | 0.58 | 0.60 | 0.67 | 0.73 | 0.72 | 0.65 | 0.73 | 0.66 | 0.71 | 0.74 | 0.67 |
| IDHQ | 0.12 | 0.57 | 0.55 | 0.85 | 0.83 | 0.68 | 0.85 | 1.00 | 0.80 | 0.57 | 0.60 | 0.58 | 0.72 | 0.62 | 0.62 | 0.62 | 0.64 | 0.75 | 0.68 | 0.66 | 0.75 | 0.69 | 0.70 | 0.76 | 0.69 |
| IVLU | 0.13 | 0.54 | 0.66 | 0.83 | 0.84 | 0.58 | 0.79 | 0.80 | 1.00 | 0.69 | 0.74 | 0.65 | 0.62 | 0.65 | 0.73 | 0.69 | 0.66 | 0.69 | 0.64 | 0.67 | 0.69 | 0.71 | 0.67 | 0.71 | 0.71 |
| RZV | 0.11 | 0.49 | 0.75 | 0.54 | 0.58 | 0.49 | 0.54 | 0.57 | 0.69 | 1.00 | 0.89 | 0.86 | 0.60 | 0.77 | 0.93 | 0.90 | 0.82 | 0.65 | 0.72 | 0.84 | 0.67 | 0.79 | 0.76 | 0.68 | 0.83 |
| RPV | 0.11 | 0.61 | 0.86 | 0.59 | 0.63 | 0.52 | 0.56 | 0.60 | 0.74 | 0.89 | 1.00 | 0.83 | 0.59 | 0.81 | 0.92 | 0.83 | 0.75 | 0.69 | 0.69 | 0.77 | 0.70 | 0.82 | 0.72 | 0.72 | 0.81 |
| XSLV | 0.09 | 0.66 | 0.79 | 0.58 | 0.61 | 0.54 | 0.55 | 0.58 | 0.65 | 0.86 | 0.83 | 1.00 | 0.62 | 0.90 | 0.85 | 0.89 | 0.82 | 0.67 | 0.74 | 0.83 | 0.69 | 0.77 | 0.75 | 0.70 | 0.82 |
| RPG | 0.15 | 0.57 | 0.50 | 0.63 | 0.63 | 0.87 | 0.74 | 0.72 | 0.62 | 0.60 | 0.59 | 0.62 | 1.00 | 0.67 | 0.66 | 0.71 | 0.78 | 0.88 | 0.85 | 0.80 | 0.89 | 0.79 | 0.89 | 0.90 | 0.82 |
| XMLV | 0.10 | 0.82 | 0.83 | 0.64 | 0.67 | 0.61 | 0.59 | 0.62 | 0.65 | 0.77 | 0.81 | 0.90 | 0.67 | 1.00 | 0.81 | 0.81 | 0.78 | 0.72 | 0.79 | 0.77 | 0.72 | 0.78 | 0.76 | 0.74 | 0.82 |
| RFV | 0.12 | 0.54 | 0.77 | 0.58 | 0.61 | 0.55 | 0.58 | 0.62 | 0.73 | 0.93 | 0.92 | 0.85 | 0.66 | 0.81 | 1.00 | 0.89 | 0.82 | 0.71 | 0.76 | 0.84 | 0.74 | 0.84 | 0.80 | 0.74 | 0.88 |
| XSHQ | 0.14 | 0.55 | 0.70 | 0.57 | 0.60 | 0.60 | 0.60 | 0.62 | 0.69 | 0.90 | 0.83 | 0.89 | 0.71 | 0.81 | 0.89 | 1.00 | 0.89 | 0.73 | 0.81 | 0.91 | 0.75 | 0.82 | 0.84 | 0.75 | 0.90 |
| XSMO | 0.16 | 0.55 | 0.62 | 0.58 | 0.60 | 0.71 | 0.67 | 0.64 | 0.66 | 0.82 | 0.75 | 0.82 | 0.78 | 0.78 | 0.82 | 0.89 | 1.00 | 0.76 | 0.90 | 0.92 | 0.78 | 0.79 | 0.88 | 0.77 | 0.87 |
| SPHQ | 0.16 | 0.68 | 0.62 | 0.69 | 0.69 | 0.86 | 0.73 | 0.75 | 0.69 | 0.65 | 0.69 | 0.67 | 0.88 | 0.72 | 0.71 | 0.73 | 0.76 | 1.00 | 0.81 | 0.76 | 0.94 | 0.83 | 0.81 | 0.96 | 0.82 |
| XMMO | 0.17 | 0.61 | 0.58 | 0.61 | 0.63 | 0.81 | 0.72 | 0.68 | 0.64 | 0.72 | 0.69 | 0.74 | 0.85 | 0.79 | 0.76 | 0.81 | 0.90 | 0.81 | 1.00 | 0.85 | 0.82 | 0.80 | 0.93 | 0.81 | 0.89 |
| RZG | 0.12 | 0.53 | 0.64 | 0.61 | 0.62 | 0.67 | 0.65 | 0.66 | 0.67 | 0.84 | 0.77 | 0.83 | 0.80 | 0.77 | 0.84 | 0.91 | 0.92 | 0.76 | 0.85 | 1.00 | 0.80 | 0.82 | 0.91 | 0.80 | 0.89 |
| DYNF | 0.16 | 0.64 | 0.61 | 0.67 | 0.68 | 0.84 | 0.73 | 0.75 | 0.69 | 0.67 | 0.70 | 0.69 | 0.89 | 0.72 | 0.74 | 0.75 | 0.78 | 0.94 | 0.82 | 0.80 | 1.00 | 0.86 | 0.84 | 0.97 | 0.84 |
| OMFL | 0.14 | 0.63 | 0.72 | 0.65 | 0.66 | 0.71 | 0.66 | 0.69 | 0.71 | 0.79 | 0.82 | 0.77 | 0.79 | 0.78 | 0.84 | 0.82 | 0.79 | 0.83 | 0.80 | 0.82 | 0.86 | 1.00 | 0.83 | 0.86 | 0.87 |
| RFG | 0.14 | 0.56 | 0.60 | 0.63 | 0.64 | 0.76 | 0.71 | 0.70 | 0.67 | 0.76 | 0.72 | 0.75 | 0.89 | 0.76 | 0.80 | 0.84 | 0.88 | 0.81 | 0.93 | 0.91 | 0.84 | 0.83 | 1.00 | 0.84 | 0.92 |
| SPY | 0.16 | 0.68 | 0.65 | 0.70 | 0.70 | 0.85 | 0.74 | 0.76 | 0.71 | 0.68 | 0.72 | 0.70 | 0.90 | 0.74 | 0.74 | 0.75 | 0.77 | 0.96 | 0.81 | 0.80 | 0.97 | 0.86 | 0.84 | 1.00 | 0.84 |
| XMHQ | 0.14 | 0.59 | 0.69 | 0.63 | 0.65 | 0.70 | 0.67 | 0.69 | 0.71 | 0.83 | 0.81 | 0.82 | 0.82 | 0.82 | 0.88 | 0.90 | 0.87 | 0.82 | 0.89 | 0.89 | 0.84 | 0.87 | 0.92 | 0.84 | 1.00 |
The correlation results are calculated based on daily price changes starting from May 9, 2019