Aptus Drawdown Correlations

Etfs . USA . 
Etf . Aptus Drawdown Managed
ADME Etf  USD 47.45  0.23  0.49%   
The current 90-days correlation between Aptus Drawdown Managed and Aptus Collared Income is 0.98 (i.e., Almost no diversification). The correlation of Aptus Drawdown 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.

Aptus Drawdown Correlation With Market

Very poor diversification

The correlation between Aptus Drawdown Managed and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptus Drawdown Managed and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aptus Drawdown Managed. 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 Aptus Etf

  1.0ACIO Aptus Collared IncomePairCorr
  0.69SWAN Amplify BlackSwan GrowthPairCorr
  0.74PHDG Invesco SP 500PairCorr
  0.98MSTB ETF Series SolutionsPairCorr
  0.94HEGD Swan Hedged EquityPairCorr
  0.89VAMO Cambria Value Low VolatilityPairCorr
  0.94HEQT Simplify Exchange TradedPairCorr
  0.96GTR WisdomTree Target RangePairCorr
  0.87DSJA DSJAPairCorr
  0.84RSPY Tuttle Capital ManagementPairCorr
  0.83MEME Roundhill InvestmentsPairCorr
  0.85WGMI Valkyrie Bitcoin MinersPairCorr
  0.63GMET VanEck Vectors ETFPairCorr
  1.0SPY SPDR SP 500PairCorr
  0.96PPA Invesco Aerospace DefensePairCorr
  0.87HPQ HP IncPairCorr
  0.74TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.9INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.93AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.91AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.73DIS Walt Disney Aggressive PushPairCorr
  0.63GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.81WMT Walmart Aggressive PushPairCorr
  0.81BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.82CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr

Moving against Aptus Etf

  0.59CCOR Core Alternative ETFPairCorr
  0.77MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.68JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.66KO Coca Cola Aggressive PushPairCorr
  0.54PG Procter GamblePairCorr
  0.51PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Related Correlations Analysis

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Aptus Drawdown Constituents Risk-Adjusted Indicators

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

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