Innovator Small Correlations

KMAR Etf

24.86 0.30 1.22%

The current 90-days correlation between Innovator Small Cap and FT Vest Equity is 0.76 (i.e., Poor diversification). The correlation of Innovator Small 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.

Innovator Small Correlation With Market

Very poor diversification

The correlation between Innovator Small Cap and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovator Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Innovator Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Innovator Etf

0.77	VTI	Vanguard Total Stock	Pair Corr
0.78	SPY	SPDR SP 500	Pair Corr
0.79	IVV	iShares Core SP	Pair Corr
0.89	VTV	Vanguard Value Index	Pair Corr
0.71	VUG	Vanguard Growth Index	Pair Corr
0.81	VO	Vanguard Mid Cap	Pair Corr
0.66	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.75	VB	Vanguard Small Cap	Pair Corr
0.87	VWO	Vanguard FTSE Emerging	Pair Corr
0.9	ITDD	iShares Trust	Pair Corr
0.72	IBM	International Business	Pair Corr
0.86	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.65	XOM	Exxon Mobil Corp	Pair Corr
0.73	MRK	Merck Company Sell-off Trend	Pair Corr
0.92	MMM	3M Company	Pair Corr
0.78	BAC	Bank of America Aggressive Push	Pair Corr
0.82	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.63	BA	Boeing	Pair Corr
0.75	CVX	Chevron Corp	Pair Corr

Moving against Innovator Etf

0.58	ULE	ProShares Ultra Euro	Pair Corr
0.56	IBND	SPDR Bloomberg Inter	Pair Corr
0.4	MYCF	SPDR SSGA My2026	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.77	0.19	-0.33	-0.66	0.94	0.95	0.88	0.49	0.17	META
MSFT	0.77		0.36	0.0	-0.5	0.72	0.82	0.82	0.34	0.02	MSFT
UBER	0.19	0.36		0.08	0.34	-0.04	0.05	0.38	-0.24	0.16	UBER
F	-0.33	0.0	0.08		0.43	-0.25	-0.24	-0.25	0.27	0.48	F
T	-0.66	-0.5	0.34	0.43		-0.76	-0.77	-0.52	-0.35	0.29	T
A	0.94	0.72	-0.04	-0.25	-0.76		0.97	0.82	0.62	0.2	A
CRM	0.95	0.82	0.05	-0.24	-0.77	0.97		0.88	0.51	0.11	CRM
JPM	0.88	0.82	0.38	-0.25	-0.52	0.82	0.88		0.22	0.13	JPM
MRK	0.49	0.34	-0.24	0.27	-0.35	0.62	0.51	0.22		0.44	MRK
XOM	0.17	0.02	0.16	0.48	0.29	0.2	0.11	0.13	0.44		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.97	A
CRM	+ 0.95	META
A	+ 0.94	META
JPM	+ 0.88	META
JPM	+ 0.88	CRM
CRM	+ 0.82	MSFT

High negative correlations

CRM	- 0.77	T
A	- 0.76	T
T	- 0.66	META
JPM	- 0.52	T
T	- 0.5	MSFT
MRK	- 0.35	T

Innovator Small Competition Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Small 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 Innovator Small'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
META	2.27	0.04	0.00	(0.09)	0.00	0.00	4.00	(4.67)	21.50
MSFT	1.50	0.11	0.05	(0.01)	2.01	(1.50)	3.19	(3.34)	13.79
UBER	2.36	0.55	0.16	0.31	2.83	(2.44)	5.87	(4.21)	16.03
F	1.89	0.20	0.07	0.08	2.64	(1.92)	3.19	(3.88)	13.11
T	1.17	0.26	0.14	0.56	2.24	(1.15)	1.97	(3.02)	9.07
A	1.65	(0.31)	0.00	(0.38)	0.00	0.00	2.80	(5.45)	14.45
CRM	1.79	(0.22)	0.00	(0.30)	0.00	0.00	2.91	(4.51)	13.13
JPM	1.58	0.08	0.00	(0.05)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.50	(0.18)	0.00	(0.52)	0.00	0.00	2.43	(4.81)	10.07
XOM	1.39	0.08	0.00	(0.01)	0.00	0.00	2.80	(3.21)	10.54

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