Tidal Trust Correlations

TIME Etf

USD 25.65 0.04 0.16%

The current 90-days correlation between Tidal Trust II and iShares Technology ETF is -0.03 (i.e., Good diversification). The correlation of Tidal Trust 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.

Tidal Trust Correlation With Market

Good diversification

The correlation between Tidal Trust II and DJI is -0.13 (i.e., Good 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 population.

Moving together with Tidal Etf

0.67	VGT	Vanguard Information	Pair Corr
0.67	XLK	Technology Select Sector	Pair Corr
0.67	IYW	iShares Technology ETF	Pair Corr
0.69	SMH	VanEck Semiconductor ETF	Pair Corr
0.98	SOXX	iShares Semiconductor ETF	Pair Corr
0.69	CIBR	First Trust NASDAQ	Pair Corr
0.67	FTEC	Fidelity MSCI Information	Pair Corr
0.66	IGV	iShares Expanded Tech Sell-off Trend	Pair Corr
0.67	FDN	First Trust Dow	Pair Corr
0.67	IGM	iShares Expanded Tech	Pair Corr
0.99	USD	ProShares Ultra Semi Downward Rally	Pair Corr
0.69	FNGO	MicroSectors FANG Index	Pair Corr
0.64	CRPT	First Trust SkyBridge	Pair Corr
0.61	NRGU	Bank of Montreal	Pair Corr
0.66	BULZ	MicroSectors Solactive	Pair Corr
0.69	FNGG	Direxion Daily Select	Pair Corr
0.98	DFEN	Direxion Daily Aerospace	Pair Corr
0.88	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.97	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.97	JPM	JPMorgan Chase	Pair Corr
0.92	BA	Boeing Earnings Call This Week	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.86	CVX	Chevron Corp	Pair Corr
0.97	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Moving against Tidal Etf

0.71	MCD	McDonalds	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.52	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.34	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	VGT	XLK	IYW	SOXX	CIBR	FTEC	IGV	FDN	IGM
VGT		1.0	1.0	0.64	0.94	1.0	0.98	0.98	1.0	VGT
XLK	1.0		1.0	0.65	0.94	1.0	0.98	0.98	1.0	XLK
IYW	1.0	1.0		0.64	0.94	1.0	0.98	0.98	1.0	IYW
SOXX	0.64	0.65	0.64		0.67	0.64	0.63	0.65	0.65	SOXX
CIBR	0.94	0.94	0.94	0.67		0.94	0.97	0.97	0.95	CIBR
FTEC	1.0	1.0	1.0	0.64	0.94		0.98	0.98	1.0	FTEC
IGV	0.98	0.98	0.98	0.63	0.97	0.98		0.98	0.98	IGV
FDN	0.98	0.98	0.98	0.65	0.97	0.98	0.98		0.99	FDN
IGM	1.0	1.0	1.0	0.65	0.95	1.0	0.98	0.99		IGM
	VGT	XLK	IYW	SOXX	CIBR	FTEC	IGV	FDN	IGM

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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
VGT	0.86	0.31	0.33	0.58	0.00	(1.07)	2.22	(1.03)	6.64
XLK	0.82	0.31	0.36	0.59	0.00	(1.05)	2.16	(0.93)	6.52
IYW	0.83	0.32	0.36	0.62	0.00	(1.04)	2.20	(1.09)	6.28
SOXX	1.33	0.37	0.38	0.47	0.53	(1.74)	3.74	(1.83)	9.78
CIBR	0.81	0.17	0.08	0.46	0.80	(0.86)	1.89	(1.53)	6.63
FTEC	0.86	0.31	0.34	0.57	0.00	(1.11)	2.16	(1.00)	6.75
IGV	0.96	0.23	0.21	0.49	0.49	(1.24)	2.26	(1.42)	7.35
FDN	0.87	0.22	0.22	0.49	0.28	(1.09)	1.74	(1.28)	5.54
IGM	0.82	0.30	0.37	0.59	0.00	(1.10)	2.21	(1.12)	6.00

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