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Asset Comparison and Correlation

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Investment horizon:

30 Days Login to change

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S&P 500 vs iPath Asian & Gulf Currency Re

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Daily Returns (%)

GSPC

PGD

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Assuming 30 trading days horizon, S&P 500 is expected to generate 9.0 times more return on investment than iPath. However, SP 500 is 9.0 times more volatile than iPath Asian Gulf Currency Reval ETN. It trades about 0.56 of its potential returns per unit of risk. iPath Asian Gulf Currency Reval ETN is currently generating about -0.17 per unit of risk. If you would invest 157,878 in S&P 500 on April 22, 2013 and sell it today you would earn a total of 9,038 from holding S&P 500 or generate 5.72% return on investment over 30 days.

Diversification

Good diversification

Overlapping area represents amount of risk that can be diversified away by holding S&P 500 and iPath Asian & Gulf Currency Re in the same portfolio assuming nothing else is changed

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Correlation Coefficient

-0.05

Parameters

Time Period	1 Month [change]
Direction	Negative
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

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Predicted Return Density

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Returns

GSPC

PGD

S&P 500

Profile

SP 500

Performance

30	Out Of 100

Over 30

Days

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iPath Asian Gulf Currency Reval ETN

Alpha

Profile

iPath

Performance

0	Out Of 100

Over 30

Days

Over the last 30 days iPath Asian Gulf Currency Reval ETN has generated negative risk-adjusted returns adding no value to investors with long positions.

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Match ups for iPath

CurrencyShares Australian Dollar Trust vs. iPath Asian Gulf Currency Reval ETN

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WisdomTree Chinese Yuan vs. iPath Asian Gulf Currency Reval ETN

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