Defiance Correlations

AIPO Etf

25.98 0.17 0.65%

The current 90-days correlation between Defiance AI Power and iShares Core SP is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Defiance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defiance AI Power moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Defiance Correlation With Market

Poor diversification

The correlation between Defiance AI Power and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defiance AI Power and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Defiance Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Defiance AI Power. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Defiance Etf

0.92	SMH	VanEck Semiconductor ETF	Pair Corr
0.93	SOXX	iShares Semiconductor ETF	Pair Corr
0.79	ITWO	Proshares Russell 2000	Pair Corr
0.63	AMPD	Tidal ETF Services	Pair Corr
0.76	ELON	Battleshares TSLA	Pair Corr
0.74	CPST	Calamos ETF Trust	Pair Corr
0.86	BSMS	Invesco BulletShares 2028	Pair Corr
0.69	UAUG	Innovator Equity Ultra	Pair Corr
0.91	UEVM	VictoryShares Emerging	Pair Corr
0.9	PID	Invesco International	Pair Corr
0.86	DXJ	WisdomTree Japan Hedged	Pair Corr
0.85	TAXT	Northern Trust Tax	Pair Corr
0.81	AUMI	Themes Gold Miners	Pair Corr
0.88	DFIC	Dimensional International	Pair Corr
0.83	KNGZ	First Trust Exchange	Pair Corr
0.91	NDIV	Amplify ETF Trust	Pair Corr
0.88	LALT	Invesco Multi Strategy	Pair Corr
0.85	FNDA	Schwab Fundamental Small	Pair Corr
0.75	PSMR	Pacer Swan SOS	Pair Corr
0.75	NAPR	Innovator Nasdaq 100	Pair Corr
0.88	SPDV	AAM SP 500	Pair Corr
0.69	IDRV	iShares Self Driving	Pair Corr
0.84	ETHO	Amplify Etho Climate	Pair Corr
0.82	FNK	First Trust Mid	Pair Corr
0.88	DVYE	iShares Emerging Markets	Pair Corr
0.65	GOCT	FT Cboe Vest	Pair Corr
0.9	FEM	First Trust Emerging	Pair Corr
0.73	QTAP	Innovator Growth 100	Pair Corr
0.85	ERET	iShares Environmentally	Pair Corr
0.89	EMIF	iShares Emerging Markets	Pair Corr

Moving against Defiance Etf

0.77	IGV	iShares Expanded Tech	Pair Corr
0.67	FDN	First Trust Dow	Pair Corr
0.65	CIBR	First Trust NASDAQ	Pair Corr
0.58	MPAY	Exchange Traded Concepts	Pair Corr
0.66	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	IWY	IWS	IWV	IWP	DGRW	ESGU	IWN	ITA	IUSV
IWY		-0.49	0.18	0.75	-0.41	0.38	-0.47	-0.45	-0.42	IWY
IWS	-0.49		0.77	0.04	0.96	0.61	0.96	0.88	0.98	IWS
IWV	0.18	0.77		0.57	0.79	0.97	0.75	0.69	0.81	IWV
IWP	0.75	0.04	0.57		0.01	0.68	0.03	0.09	0.06	IWP
DGRW	-0.41	0.96	0.79	0.01		0.66	0.91	0.8	0.97	DGRW
ESGU	0.38	0.61	0.97	0.68	0.66		0.59	0.54	0.67	ESGU
IWN	-0.47	0.96	0.75	0.03	0.91	0.59		0.88	0.95	IWN
ITA	-0.45	0.88	0.69	0.09	0.8	0.54	0.88		0.86	ITA
IUSV	-0.42	0.98	0.81	0.06	0.97	0.67	0.95	0.86		IUSV
	IWY	IWS	IWV	IWP	DGRW	ESGU	IWN	ITA	IUSV

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

IUSV	+ 0.98	IWS
ESGU	+ 0.97	IWV
IUSV	+ 0.97	DGRW
DGRW	+ 0.96	IWS
IWN	+ 0.96	IWS
IUSV	+ 0.95	IWN

High negative correlations

IWS	- 0.49	IWY
IWN	- 0.47	IWY
ITA	- 0.45	IWY
IUSV	- 0.42	IWY
DGRW	- 0.41	IWY

Defiance Constituents Risk-Adjusted Indicators

There is a big difference between Defiance Etf performing well and Defiance 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 Defiance'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
IWY	0.73	(0.12)	0.00	(0.10)	0.00	0.00	1.28	(1.86)	4.74
IWS	0.63	0.11	0.15	0.19	0.43	(0.72)	1.63	(1.18)	3.81
IWV	0.56	(0.01)	(0.03)	0.05	0.71	(0.58)	1.22	(1.25)	3.70
IWP	0.80	(0.09)	0.00	(0.01)	0.00	0.00	1.41	(2.24)	5.81
DGRW	0.44	0.03	0.02	0.11	0.45	(0.48)	1.12	(0.89)	3.12
ESGU	0.57	(0.03)	(0.05)	0.03	0.79	(0.56)	1.00	(1.24)	3.75
IWN	0.80	0.21	0.17	3.42	0.66	(0.93)	2.39	(1.52)	4.66
ITA	1.09	0.24	0.14	1.53	1.08	(1.17)	2.55	(2.15)	6.18
IUSV	0.49	0.04	0.04	0.12	0.46	(0.56)	1.08	(0.99)	3.07

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