| IJUL Etf | | | USD 31.68 0.01 0.03% |
The current 90-days correlation between Innovator MSCI EAFE and Trueshares Structured Outcome is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovator MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator MSCI EAFE moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Innovator MSCI Correlation With Market
Very weak diversification
The correlation between Innovator MSCI EAFE and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.
Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovator MSCI EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in employment.