Correlation Analysis Between DOW and Hartford Total

This module allows you to analyze existing cross correlation between DOW and Hartford Total Return Bond ETF. You can compare the effects of market volatilities on DOW and Hartford Total and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of Hartford Total. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Hartford Total.
 Time Horizon     30 Days    Login   to change

DOW  vs.  Hartford Total Return Bond ETF

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 6.3 times less return on investment than Hartford Total. In addition to that, DOW is 5.95 times more volatile than Hartford Total Return Bond ETF. It trades about 0.02 of its total potential returns per unit of risk. Hartford Total Return Bond ETF is currently generating about 0.86 per unit of volatility. If you would invest  3,876  in Hartford Total Return Bond ETF on July 15, 2018 and sell it today you would earn a total of  32.77  from holding Hartford Total Return Bond ETF or generate 0.85% return on investment over 30 days.

Pair Corralation between DOW and Hartford Total

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding DOW and Hartford Total Return Bond ETF in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Hartford Total Return and DOW is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on DOW are associated (or correlated) with Hartford Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hartford Total Return has no effect on the direction of DOW i.e. DOW and Hartford Total go up and down completely randomly.

Comparative Volatility

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