Estimation period = 11/22/04  to 11/22/07   ETF Betas for different market indexes and return frequencies
  Dow Jones S&P 500 NASDAQ 100 R3000 R2000 R2000V Europe+Asia EuroZone Japan Emerg. Pac. Emerg. Main UK Australia Brazil Taiwan Hong Kong Korea India Semis Internet Arch. Software Broadband Wireless Telecom Internet Internet Infra. Pharma Finance Basics Energy Retail Regional Banks Biotech Real Estate LT Bond Intermed. Bond Gold
Weekly Returns DIA SPY QQQQ IWV IWM IWN EFA EZU EWJ EPP EEM EWU EWA EWZ EWT EWH EWY IFN SMH IAH SWH BDH WMH TTH HHH IIH PPH XLF XLB XLE RTH RKH BBH RWR TLT IEF ^XAU Weekly Returns
Beta vs SPY 0.98 1.00 1.18 1.01 1.35 1.31 1.08 1.17 1.01 1.17 1.72 1.09 1.20 2.16 1.22 1.17 1.57 2.09 1.26 1.08 1.04 1.26 1.13 0.84 1.25 1.51 0.71 1.12 1.31 1.24 0.99 0.97 0.67 1.17 -0.17 -0.11 1.18 Beta vs SPY
Beta vs QQQQ 0.59 0.61 1.00 0.63 0.85 0.78 0.66 0.71 0.65 0.73 1.10 0.65 0.76 1.34 0.88 0.80 1.04 1.45 1.09 0.94 0.83 1.12 0.86 0.47 1.09 1.13 0.35 0.59 0.80 0.59 0.65 0.46 0.50 0.61 -0.09 -0.06 0.68 Beta vs QQQQ
Beta vs IWV 0.94 0.97 1.16 1.00 1.35 1.31 1.05 1.14 0.98 1.15 1.70 1.05 1.19 2.15 1.22 1.15 1.56 2.00 1.28 1.06 1.01 1.27 1.12 0.81 1.22 1.48 0.67 1.07 1.31 1.23 0.99 0.92 0.67 1.16 -0.16 -0.11 1.22 Beta vs IWV
Beta vs EFA 0.64 0.64 0.77 0.66 0.88 0.84 1.00 1.03 1.04 1.04 1.42 0.97 1.09 1.77 1.04 0.92 1.37 1.64 0.82 0.66 0.71 0.84 0.82 0.54 0.76 0.99 0.50 0.62 1.01 1.00 0.56 0.52 0.39 0.69 -0.13 -0.08 1.30 Beta vs EFA
Beta vs EEM 0.40 0.41 0.51 0.42 0.59 0.56 0.56 0.58 0.57 0.65 1.00 0.55 0.68 1.26 0.73 0.63 0.95 1.12 0.59 0.45 0.44 0.60 0.52 0.33 0.51 0.63 0.27 0.40 0.66 0.68 0.38 0.33 0.24 0.44 -0.09 -0.06 0.81 Beta vs EEM
 
Monthly Returns DIA SPY QQQQ IWV IWM IWN EFA EZU EWJ EPP EEM EWU EWA EWZ EWT EWH EWY IFN SMH IAH SWH BDH WMH TTH HHH IIH PPH XLF XLB XLE RTH RKH BBH RWR TLT IEF ^XAU Monthly Returns
Beta vs SPY 1.01 1.00 1.44 1.05 1.38 1.28 0.86 1.03 0.47 1.26 1.69 0.84 1.24 2.08 1.40 1.29 1.51 2.56 1.56 1.49 1.25 1.55 1.29 1.06 1.86 1.32 0.67 1.19 1.29 0.98 0.81 0.81 0.80 1.42 -0.32 -0.19 1.17 Beta vs SPY
Beta vs QQQQ 0.49 0.49 1.00 0.53 0.75 0.63 0.39 0.48 0.22 0.62 0.88 0.37 0.60 1.12 0.82 0.75 0.87 1.56 0.91 0.99 0.85 1.04 0.79 0.44 1.33 1.05 0.20 0.47 0.70 0.40 0.47 0.31 0.54 0.66 -0.13 -0.06 0.79 Beta vs QQQQ
Beta vs IWV 0.93 0.94 1.38 1.00 1.35 1.25 0.83 0.98 0.51 1.19 1.61 0.80 1.18 2.02 1.33 1.23 1.43 2.50 1.46 1.43 1.20 1.52 1.23 0.99 1.80 1.34 0.62 1.10 1.24 0.95 0.78 0.75 0.76 1.40 -0.30 -0.18 1.24 Beta vs IWV
Beta vs EFA 0.59 0.63 0.82 0.68 0.93 0.83 1.00 1.01 0.89 1.37 1.76 0.96 1.40 2.26 1.32 1.24 1.46 2.41 0.84 0.77 0.79 1.10 0.83 0.56 0.93 0.63 0.52 0.70 1.04 1.16 0.16 0.45 0.10 0.79 -0.28 -0.16 1.96 Beta vs EFA
Beta vs EEM 0.28 0.30 0.46 0.32 0.47 0.40 0.43 0.43 0.33 0.70 1.00 0.42 0.71 1.30 0.75 0.72 0.89 1.29 0.45 0.43 0.41 0.54 0.44 0.27 0.42 0.27 0.18 0.29 0.50 0.68 0.09 0.17 0.04 0.36 -0.12 -0.07 1.08 Beta vs EEM
 
Daily Returns DIA SPY QQQQ IWV IWM IWN EFA EZU EWJ EPP EEM EWU EWA EWZ EWT EWH EWY IFN SMH IAH SWH BDH WMH TTH HHH IIH PPH XLF XLB XLE RTH RKH BBH RWR TLT IEF ^XAU Daily Returns
Beta vs SPY - 1.00 1.10 0.99 1.35 1.32 1.03 1.12 0.91 1.16 1.81 1.04 1.11 2.15 1.34 1.33 1.57 2.02 1.16 0.95 0.96 1.20 1.03 0.81 1.13 1.28 0.69 1.15 1.24 1.29 0.99 1.05 0.75 1.03 -0.08 -0.07 1.27 Beta vs SPY
Beta vs QQQQ - 0.65 1.00 0.68 0.94 0.90 0.67 0.73 0.66 0.78 1.26 0.66 0.74 1.46 1.00 0.91 1.10 1.46 1.07 0.86 0.80 1.11 0.86 0.56 1.04 1.13 0.43 0.71 0.83 0.71 0.70 0.63 0.61 0.66 -0.05 -0.05 0.80 Beta vs QQQQ
Beta vs IWV - 0.94 1.10 1.00 1.33 1.32 0.99 1.09 0.89 1.14 1.78 1.00 1.12 2.13 1.34 1.28 1.54 2.00 1.18 0.94 0.94 1.22 1.02 0.78 1.12 1.34 0.65 1.09 1.22 1.26 0.97 1.00 0.76 1.03 -0.07 -0.07 1.30 Beta vs IWV
Beta vs EFA - 0.66 0.73 0.67 0.91 0.88 1.00 1.03 0.96 1.07 1.49 0.98 1.10 1.77 1.11 1.07 1.36 1.58 0.79 0.62 0.69 0.84 0.78 0.56 0.76 0.88 0.48 0.73 0.94 0.96 0.61 0.66 0.47 0.66 -0.04 -0.04 1.31 Beta vs EFA
Beta vs EEM - 0.37 0.44 0.39 0.54 0.52 0.48 0.50 0.46 0.59 1.00 0.48 0.57 1.17 0.70 0.66 0.85 1.05 0.48 0.37 0.38 0.51 0.44 0.31 0.45 0.55 0.24 0.41 0.56 0.59 0.35 0.36 0.27 0.37 -0.04 -0.03 0.74 Beta vs EEM
Dow Jones S&P 500 NASDAQ 100 R3000 R2000 R2000V Europe+Asia EuroZone Japan Emerg. Pac. Emerg. Main UK Australia Brazil Taiwan Hong Kong Korea India Semis Internet Arch. Software Broadband Wireless Telecom Internet Internet Infra. Pharma Finance Basics Energy Retail Regional Banks Biotech Real Estate LT Bond Intermed. Bond Gold