SHPP, NYSE

Pacer Industrials and Logistics ETF (SHPP)

Price (as of October 14)

20.9343USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

ADFI

Anfield Dynamic Fixed Income ETF

-0.2

AIEQ

AI Powered Equity ETF

-0.18

AEMB

American Century Emerging Markets Bond ETF

-0.18

ADRE

Invesco BLDRS Emerging Markets 50 ADR Index Fund

-0.17

AHYB

American Century Select High Yield ETF

-0.16

AIQ

Global X Artificial Intelligence & Technology ETF

-0.16

AFK

VANECK AFRICA INDEX ETF

-0.16

AHHX

Adaptive High Income ETF

-0.15

AGQ

ProShares Ultra Silver

-0.15

ADME

Aptus Drawdown Managed Equity ETF

-0.15

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Highest within Industry

Symbol Correlation

ANEW

PROSHARES MSCI TRANSFORMATIONAL CHANGES ETF

0.19

AOA

iShares Core Aggressive Allocation ETF

0.18

AAXJ

iShares MSCI All Country Asia ex Japan ETF

0.17

AOR

iShares Core Growth Allocation ETF

0.17

AOK

iShares Core Conservative Allocation ETF

0.16

AOM

iShares Core Moderate Allocation ETF

0.14

AAAU

Goldman Sachs Physical Gold ETF

0.12

ANGL

VanEck Fallen Angel High Yield Bond ETF

0.1

AGZD

WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund

0.08

AIIQ

AI Powered International Equity ETF

0.07

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Profile

Sector:
Industrials
Industry:
Exchange Traded Funds

The fund employs a “passive management” (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the index. The index consists of globally-listed stocks and depositary receipts of industrials and logistics companies. The fund is non-diversified.