ETF Correlation Tool

[ph1l]

@ph1l, thx for the correlation list.
Just a few questions: when was this list generated?
And I just wonder why KOLD and BOIL are not included, as both are ETFs, and exist since 2011.
Are their volumes maybe too small for such a correlation analysis?
Thx

The input data was as of the close last Friday (2021/11/05), and prices were adjusted for dividends and splits.

BOIL is leveraged and KOLD is an inverse fund. These aren't included in the list.

That's correct. I avoid leveraged and inverse ETFs because I don't think they are suitable for my style of swing trading. I don't think my broker (Vanguard) allows trading in them anymore either.

 

[HobbyTrading]

Actually, yeah, IB will send me e-mails occasionally that there's a better ETF that matches exposure to a given ETF. There probably is a tool, I'll look it up next time I am in TWS.

I found it in the user manual: https://guides.interactivebrokers.c...or.htm?TocPath=Technical%20Analytics%7C_____2
This is what I was referring to.