Themes Correlations

AIRL Etf

34.54 0.00 0.00%

The current 90-days correlation between Themes and YieldMax Nasdaq 100 is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Themes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Themes moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Themes Correlation With Market

Poor diversification

The correlation between Themes and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Themes Etf

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Themes Etf

0.77	ICLN	iShares Global Clean	Pair Corr
0.82	XT	iShares Exponential	Pair Corr
0.67	TAN	Invesco Solar ETF	Pair Corr
0.84	QCLN	First Trust NASDAQ	Pair Corr
0.76	BOTZ	Global X Robotics	Pair Corr
0.88	DRIV	Global X Autonomous	Pair Corr
0.78	ACES	ALPS Clean Energy Downward Rally	Pair Corr
0.85	ITWO	Proshares Russell 2000	Pair Corr
0.85	ELON	Battleshares TSLA	Pair Corr
0.77	CPST	Calamos ETF Trust	Pair Corr
0.75	GBUG	Sprott Active Gold	Pair Corr
0.83	EPU	iShares MSCI Peru	Pair Corr
0.7	GOCT	FT Cboe Vest	Pair Corr
0.78	FEM	First Trust Emerging	Pair Corr
0.76	DFE	WisdomTree Europe	Pair Corr
0.74	DFIC	Dimensional International	Pair Corr
0.72	AUMI	Themes Gold Miners	Pair Corr
0.74	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.62	JETS	US Global Jets	Pair Corr
0.78	IEMG	iShares Core MSCI Sell-off Trend	Pair Corr
0.77	AVDS	Avantis International	Pair Corr
0.77	NAPR	Innovator Nasdaq 100	Pair Corr
0.76	FTCS	First Trust Capital	Pair Corr
0.83	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.68	LQDW	iShares Trust	Pair Corr
0.69	VYMI	Vanguard International	Pair Corr
0.78	CCNR	CoreCommodity Natural	Pair Corr
0.77	QTAP	Innovator Growth 100	Pair Corr
0.82	EAFG	Pacer Funds Trust	Pair Corr
0.61	BDEC	Innovator SP 500	Pair Corr
0.76	IXUS	iShares Core MSCI Sell-off Trend	Pair Corr
0.63	EMIF	iShares Emerging Markets	Pair Corr

Moving against Themes Etf

0.73	MPAY	Exchange Traded Concepts	Pair Corr
0.43	IPAY	Amplify Digital Payments	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.12	-0.14	0.13	0.12	-0.31	-0.04	0.23	0.08	0.21	META
MSFT	-0.12		0.84	-0.65	-0.86	0.8	0.93	0.33	-0.91	-0.94	MSFT
UBER	-0.14	0.84		-0.57	-0.77	0.85	0.75	0.19	-0.81	-0.83	UBER
F	0.13	-0.65	-0.57		0.41	-0.59	-0.51	-0.05	0.75	0.7	F
T	0.12	-0.86	-0.77	0.41		-0.65	-0.84	-0.29	0.75	0.76	T
A	-0.31	0.8	0.85	-0.59	-0.65		0.67	0.2	-0.75	-0.84	A
CRM	-0.04	0.93	0.75	-0.51	-0.84	0.67		0.53	-0.82	-0.9	CRM
JPM	0.23	0.33	0.19	-0.05	-0.29	0.2	0.53		-0.13	-0.32	JPM
MRK	0.08	-0.91	-0.81	0.75	0.75	-0.75	-0.82	-0.13		0.92	MRK
XOM	0.21	-0.94	-0.83	0.7	0.76	-0.84	-0.9	-0.32	0.92		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

CRM	+ 0.93	MSFT
XOM	+ 0.92	MRK
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.8	MSFT
XOM	+ 0.76	T

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.91	MSFT
XOM	- 0.9	CRM
T	- 0.86	MSFT
XOM	- 0.84	A
CRM	- 0.84	T

Themes Competition Risk-Adjusted Indicators

There is a big difference between Themes Etf performing well and Themes 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 Themes' 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
META	1.54	0.08	0.04	0.17	1.53	(1.74)	3.43	(2.81)	13.69
MSFT	1.33	(0.31)	0.00	(0.50)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.56	(0.19)	0.00	(0.30)	0.00	0.00	2.70	(3.82)	11.09
F	1.22	0.09	0.07	0.17	1.05	(1.50)	3.61	(2.22)	7.50
T	1.05	0.15	0.05	(0.64)	0.99	(1.22)	3.87	(1.76)	7.44
A	1.24	(0.41)	0.00	(0.32)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.80	(0.30)	0.00	(0.18)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.27	(0.11)	(0.03)	0.01	1.83	(1.30)	2.34	(3.11)	8.17
MRK	1.27	0.33	0.20	0.72	1.10	(1.42)	2.81	(2.06)	8.74
XOM	1.32	0.41	0.23	12.19	1.09	(1.57)	2.90	(2.44)	6.83

Themes Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Themes etf to make a market-neutral strategy. Peer analysis of Themes could also be used in its relative valuation, which is a method of valuing Themes by comparing valuation metrics with similar companies.

First Trust Exchange Traded Nuveen Dividend Growth Listed Funds Trust PEO AlphaQuest Thematic ALPS REIT Dividend KraneShares Trust T Rowe Price YieldMax Nasdaq 100 American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC