Tidal Trust Correlations

TFPN Etf

23.15 0.18 0.77%

The current 90-days correlation between Tidal Trust II and MFUT is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tidal Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidal Trust II moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tidal Trust Correlation With Market

Very weak diversification

The correlation between Tidal Trust II and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tidal Trust II and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tidal Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tidal Trust II. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Tidal Etf

0.9	DBMF	iMGP DBi Managed	Pair Corr
0.93	WTMF	WisdomTree Managed	Pair Corr
0.89	XOVR	ERShares Private Public Symbol Change	Pair Corr
0.92	GAICX	GATEWAY INTERNATIONAL	Pair Corr
0.9	HBTA	Horizon Funds	Pair Corr
0.95	AAIAX	AMERICAN BEACON INTE	Pair Corr
0.92	FDV	First Trust Capital	Pair Corr
0.91	TRSY	Xtrackers 0 1	Pair Corr
0.85	BCHP	EGSHARES BLUE CHIP	Pair Corr
0.71	KGRN	KraneShares MSCI China	Pair Corr
0.81	PFUT	Putnam Sustainable Future	Pair Corr
0.9	BUFD	FT Cboe Vest	Pair Corr
0.78	EUSB	iShares Trust	Pair Corr
0.82	HIDE	Alpha Architect High	Pair Corr
0.74	VBF	Invesco Van Kampen	Pair Corr
0.93	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.79	INTC	Intel Earnings Call This Week	Pair Corr
0.89	MSFT	Microsoft	Pair Corr
0.87	PFE	Pfizer Inc	Pair Corr
0.88	BAC	Bank of America	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.94	JPM	JPMorgan Chase	Pair Corr
0.88	AXP	American Express	Pair Corr
0.83	BA	Boeing	Pair Corr
0.84	DIS	Walt Disney	Pair Corr
0.81	AA	Alcoa Corp	Pair Corr
0.68	XOM	Exxon Mobil Corp	Pair Corr

Moving against Tidal Etf

0.73	MCD	McDonalds	Pair Corr
0.6	PG	Procter Gamble	Pair Corr
0.47	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	MFUT	DUKX	EDGH	EDGI	EDGU	WZRD	ARP	FORH	HDG
MFUT		0.65	0.47	0.57	0.62	-0.5	0.77	0.57	0.56	MFUT
DUKX	0.65		0.4	0.99	0.98	-0.53	0.96	0.96	0.98	DUKX
EDGH	0.47	0.4		0.36	0.3	-0.01	0.58	0.33	0.3	EDGH
EDGI	0.57	0.99	0.36		0.97	-0.5	0.92	0.96	0.98	EDGI
EDGU	0.62	0.98	0.3	0.97		-0.51	0.92	0.97	0.99	EDGU
WZRD	-0.5	-0.53	-0.01	-0.5	-0.51		-0.52	-0.41	-0.43	WZRD
ARP	0.77	0.96	0.58	0.92	0.92	-0.52		0.9	0.9	ARP
FORH	0.57	0.96	0.33	0.96	0.97	-0.41	0.9		0.98	FORH
HDG	0.56	0.98	0.3	0.98	0.99	-0.43	0.9	0.98		HDG
	MFUT	DUKX	EDGH	EDGI	EDGU	WZRD	ARP	FORH	HDG

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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

EDGI	+ 0.99	DUKX
HDG	+ 0.99	EDGU
EDGU	+ 0.98	DUKX
HDG	+ 0.98	DUKX
HDG	+ 0.98	EDGI
HDG	+ 0.98	FORH

High negative correlations

WZRD	- 0.53	DUKX
ARP	- 0.52	WZRD
WZRD	- 0.51	EDGU
WZRD	- 0.5	EDGI
WZRD	- 0.5	MFUT
HDG	- 0.43	WZRD

Tidal Trust Constituents Risk-Adjusted Indicators

There is a big difference between Tidal Etf performing well and Tidal Trust 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 Tidal Trust'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
MFUT	0.42	0.03	(0.16)	(0.51)	0.57	(0.47)	0.83	(1.05)	3.23
DUKX	0.44	0.14	0.09	0.52	0.13	(0.51)	1.12	(0.86)	3.34
EDGH	0.56	0.09	(0.14)	(0.10)	0.60	(0.59)	1.20	(1.15)	2.84
EDGI	0.48	0.12	0.06	0.43	0.26	(0.55)	1.22	(1.05)	3.27
EDGU	0.53	0.08	0.07	0.24	0.43	(0.61)	1.60	(0.98)	4.17
WZRD	0.19	0.16	0.00	68.46	0.00	0.00	0.55	(0.19)	0.63
ARP	0.27	0.06	(0.19)	1.91	0.00	(0.30)	0.66	(0.43)	1.51
FORH	0.55	0.14	0.12	0.42	0.00	(0.69)	1.30	(0.80)	4.33
HDG	0.24	0.04	(0.18)	0.27	0.00	(0.27)	0.59	(0.51)	1.70

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