YieldMax Correlations

GPTY Etf

43.28 0.23 0.53%

The current 90-days correlation between YieldMax AI Tech and 6 Meridian Quality is 0.03 (i.e., Significant diversification). The correlation of YieldMax is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

YieldMax Correlation With Market

Significant diversification

The correlation between YieldMax AI Tech and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax AI Tech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in YieldMax AI Tech. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with YieldMax Etf

0.66	IRE	Tidal Trust II Trending	Pair Corr
0.7	HD	Home Depot	Pair Corr

Moving against YieldMax Etf

0.39	KNG	FT Cboe Vest	Pair Corr
0.32	XYLD	Global X SP	Pair Corr
0.57	KO	Coca Cola Aggressive Push	Pair Corr
0.53	VZ	Verizon Communications	Pair Corr
0.5	CSCO	Cisco Systems	Pair Corr
0.43	DD	Dupont De Nemours	Pair Corr
0.35	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.34	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Related Correlations Analysis

	SXQG	SETM	ICAP	DECZ	TTEQ	JUNW	KEMX	EFAD	RXL	DYTA
SXQG		0.04	0.04	0.54	0.61	0.16	0.1	0.58	-0.24	0.17	SXQG
SETM	0.04		0.77	0.6	0.06	0.75	0.74	0.63	0.51	0.85	SETM
ICAP	0.04	0.77		0.75	0.05	0.95	0.83	0.57	0.77	0.92	ICAP
DECZ	0.54	0.6	0.75		0.44	0.83	0.74	0.68	0.48	0.81	DECZ
TTEQ	0.61	0.06	0.05	0.44		0.2	0.3	0.28	-0.38	0.01	TTEQ
JUNW	0.16	0.75	0.95	0.83	0.2		0.88	0.57	0.7	0.92	JUNW
KEMX	0.1	0.74	0.83	0.74	0.3	0.88		0.59	0.61	0.84	KEMX
EFAD	0.58	0.63	0.57	0.68	0.28	0.57	0.59		0.26	0.71	EFAD
RXL	-0.24	0.51	0.77	0.48	-0.38	0.7	0.61	0.26		0.76	RXL
DYTA	0.17	0.85	0.92	0.81	0.01	0.92	0.84	0.71	0.76		DYTA
	SXQG	SETM	ICAP	DECZ	TTEQ	JUNW	KEMX	EFAD	RXL	DYTA

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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

JUNW	+ 0.95	ICAP
DYTA	+ 0.92	ICAP
DYTA	+ 0.92	JUNW
KEMX	+ 0.88	JUNW
DYTA	+ 0.85	SETM
DYTA	+ 0.84	KEMX

High negative correlations

RXL	- 0.38	TTEQ
RXL	- 0.24	SXQG

YieldMax Constituents Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax 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 YieldMax'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SXQG	0.50	(0.09)	0.00	(0.06)	0.00	0.00	1.00	(1.03)	2.36
SETM	2.20	0.23	0.10	0.20	2.84	(2.31)	4.35	(5.26)	17.04
ICAP	0.71	0.09	0.02	0.69	0.92	(0.73)	1.38	(1.53)	3.23
DECZ	0.47	(0.02)	(0.07)	0.05	0.64	(0.46)	1.15	(1.17)	2.83
TTEQ	1.11	(0.02)	(0.05)	0.01	1.72	(1.00)	2.08	(2.79)	6.80
JUNW	0.13	0.02	(0.27)	0.61	0.06	(0.14)	0.31	(0.24)	0.82
KEMX	0.80	0.18	0.11	0.91	0.79	(0.89)	1.71	(1.51)	4.97
EFAD	0.49	(0.03)	(0.09)	0.03	0.67	(0.48)	0.80	(1.06)	2.91
RXL	1.24	0.14	0.11	0.21	1.16	(1.36)	3.93	(2.41)	7.64
DYTA	0.22	0.01	(0.19)	0.11	0.12	(0.25)	0.52	(0.38)	1.11

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