Correlation Analysis Between DOW and iPath US

This module allows you to analyze existing cross correlation between DOW and iPath US Treasury Steepener ETN. You can compare the effects of market volatilities on DOW and iPath US 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 US. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and iPath US.
Horizon     30 Days    Login   to change

DOW  vs.  iPath US Treasury Steepener ET

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to under-perform the iPath US. In addition to that, DOW is 2.01 times more volatile than iPath US Treasury Steepener ETN. It trades about -0.21 of its total potential returns per unit of risk. iPath US Treasury Steepener ETN is currently generating about 0.16 per unit of volatility. If you would invest  3,031  in iPath US Treasury Steepener ETN on September 22, 2018 and sell it today you would earn a total of  57.54  from holding iPath US Treasury Steepener ETN or generate 1.9% return on investment over 30 days.

Pair Corralation between DOW and iPath US

Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding DOW and iPath US Treasury Steepener ET in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on iPath US Treasury 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 iPath US. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of iPath US Treasury has no effect on the direction of DOW i.e. DOW and iPath US go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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