This module allows you to analyze existing cross correlation between DOW and iPath SP GSCI Crude Oil TR ETN. You can compare the effects of market volatilities on DOW and iPath SP 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 iPath SP. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and iPath SP.
|Time Horizon||30 Days Login to change|
DOW vs. iPath SP GSCI Crude Oil TR ETN
Given the investment horizon of 30 days, DOW is expected to under-perform the iPath SP. But the index apears to be less risky and, when comparing its historical volatility, DOW is 641.82 times less risky than iPath SP. The index trades about -0.09 of its potential returns per unit of risk. The iPath SP GSCI Crude Oil TR ETN is currently generating about 0.34 of returns per unit of risk over similar time horizon. If you would invest 172,986 in iPath SP GSCI Crude Oil TR ETN on May 23, 2018 and sell it today you would lose (172,225) from holding iPath SP GSCI Crude Oil TR ETN or give up 99.56% of portfolio value over 30 days.