Aptus Defined Correlations

Etfs USA . 
Etf . Aptus Defined Risk
The current 90-days correlation between Aptus Defined Risk and Amplify BlackSwan Growth is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aptus Defined moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aptus Defined Risk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aptus Defined Correlation With Market

Very weak diversification

The correlation between Aptus Defined Risk and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptus Defined Risk and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with Aptus Etf

  0.75IUSB iShares Core TotalPairCorr
  0.63FBND Fidelity Total BondPairCorr
  0.63GTO Invesco Total ReturnPairCorr
  0.74EUSB iShares TrustPairCorr
  0.63JCPB JPMorgan Core PlusPairCorr
  0.74VBND Vident Core BondPairCorr
  0.8GBTC Grayscale Bitcoin TrustPairCorr
  0.94USD ProShares Ultra SemiPairCorr
  0.85DFEN Direxion Daily AerospacePairCorr
  0.93DUSL Direxion Daily IndusPairCorr
  0.65DIG ProShares Ultra OilPairCorr
  0.84FNGO MicroSectors FANG IndexPairCorr
  0.69MLPR ETRACS Quarterly PayPairCorr
  0.64AMZA InfraCap MLP ETFPairCorr
  0.66DIS Walt DisneyPairCorr
  0.74IBM International Business Earnings Call This WeekPairCorr
  0.68BAC Bank of AmericaPairCorr
  0.76CSCO Cisco SystemsPairCorr
  0.64PFE Pfizer IncPairCorr
  0.65CVX Chevron CorpPairCorr
  0.69AA Alcoa CorpPairCorr
  0.69AXP American ExpressPairCorr
  0.61MMM 3M CompanyPairCorr

Moving against Aptus Etf

  0.65MCD McDonaldsPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ACIO
+ 0.97
SWAN
ADME
+ 0.79
ACIO
PHDG
+ 0.78
ADME
ADME
+ 0.75
SWAN
PHDG
+ 0.71
SWAN
PHDG
+ 0.65
ACIO
  
High negative correlations   
TAIL
- 0.82
ACIO
TAIL
- 0.75
SWAN
TAIL
- 0.71
ADME
PHDG
- 0.53
TAIL

Aptus Defined Constituents Risk-Adjusted Indicators

There is a big difference between Aptus Etf performing well and Aptus Defined ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aptus Defined's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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