Aptus Drawdown Correlations

ADME Etf

USD 51.71 0.07 0.14%

The current 90-days correlation between Aptus Drawdown Managed and Invesco KBW Premium is 0.17 (i.e., Average 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.

Build AI portfolio with Aptus Etf

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 state.

Moving together with Aptus Etf

0.87	ACIO	Aptus Collared Income	Pair Corr
0.89	SWAN	Amplify BlackSwan Growth	Pair Corr
0.74	PHDG	Invesco SP 500	Pair Corr
0.9	MSTB	ETF Series Solutions	Pair Corr
0.98	HEGD	Swan Hedged Equity	Pair Corr
0.69	VAMO	Cambria Value	Pair Corr
0.88	HEQT	Simplify Exchange Traded	Pair Corr
0.81	USD	ProShares Ultra Semi	Pair Corr
0.63	DFEN	Direxion Daily Aerospace	Pair Corr
0.64	NUGT	Direxion Daily Gold	Pair Corr
0.63	DUSL	Direxion Daily Indus	Pair Corr
0.67	GOOX	Etf Opportunities Trust	Pair Corr
0.65	FNDC	Schwab Fundamental	Pair Corr
0.71	CHPS	Xtrackers Semiconductor	Pair Corr
0.8	JANW	AIM ETF Products	Pair Corr
0.63	EMES	Harbor ETF Trust	Pair Corr
0.82	PSFD	Pacer Swan SOS	Pair Corr
0.65	PCEM	Litman Gregory Funds	Pair Corr
0.68	PFFA	Virtus InfraCap Preferred	Pair Corr
0.79	CTEX	ProShares SP Kensho	Pair Corr
0.65	SPVM	Invesco SP 500	Pair Corr
0.68	SCZ	iShares MSCI EAFE	Pair Corr
0.8	IRTR	iShares Trust	Pair Corr
0.73	JEPI	JPMorgan Equity Premium	Pair Corr
0.67	EWT	iShares MSCI Taiwan	Pair Corr
0.76	GAPR	First Trust Exchange	Pair Corr

Moving against Aptus Etf

0.69

FNGU

MicroSectors FANG Index Symbol Change

Pair Corr

Related Correlations Analysis

	PAPI	JAJL	BUSA	GNOV	DUBS	UAUG	HOLA	GAPR	BSEP	KBWY
PAPI		0.84	0.93	0.69	0.6	0.75	0.89	0.83	0.71	0.91	PAPI
JAJL	0.84		0.97	0.94	0.86	0.96	0.96	0.99	0.94	0.85	JAJL
BUSA	0.93	0.97		0.87	0.78	0.91	0.98	0.96	0.88	0.91	BUSA
GNOV	0.69	0.94	0.87		0.89	0.94	0.84	0.94	0.94	0.7	GNOV
DUBS	0.6	0.86	0.78	0.89		0.95	0.8	0.87	0.98	0.6	DUBS
UAUG	0.75	0.96	0.91	0.94	0.95		0.93	0.97	0.99	0.76	UAUG
HOLA	0.89	0.96	0.98	0.84	0.8	0.93		0.97	0.89	0.87	HOLA
GAPR	0.83	0.99	0.96	0.94	0.87	0.97	0.97		0.95	0.82	GAPR
BSEP	0.71	0.94	0.88	0.94	0.98	0.99	0.89	0.95		0.72	BSEP
KBWY	0.91	0.85	0.91	0.7	0.6	0.76	0.87	0.82	0.72		KBWY
	PAPI	JAJL	BUSA	GNOV	DUBS	UAUG	HOLA	GAPR	BSEP	KBWY

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PAPI	0.54	0.14	0.19	0.30	0.25	(0.63)	1.43	(0.78)	2.85
JAJL	0.09	0.00	(0.35)	0.08	0.00	(0.11)	0.21	(0.21)	0.72
BUSA	0.60	0.11	0.14	0.19	0.47	(0.69)	1.46	(1.15)	3.95
GNOV	0.25	0.01	(0.08)	0.09	0.23	(0.27)	0.48	(0.45)	2.02
DUBS	0.56	(0.04)	(0.06)	0.00	0.86	(0.54)	0.92	(1.52)	4.34
UAUG	0.23	(0.01)	(0.15)	0.01	0.33	(0.22)	0.41	(0.55)	1.61
HOLA	0.44	0.07	0.06	0.22	0.40	(0.48)	0.93	(0.92)	2.58
GAPR	0.10	0.01	(0.31)	0.12	0.00	(0.12)	0.25	(0.20)	0.73
BSEP	0.34	(0.02)	(0.09)	0.02	0.51	(0.33)	0.67	(0.90)	2.33
KBWY	0.77	0.09	0.06	0.26	0.77	(0.89)	1.47	(1.34)	4.98

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