YieldMax Correlations

AIYY Etf

18.49 0.14 0.76%

The current 90-days correlation between YieldMax AI Option and Invesco Exchange Traded is 0.61 (i.e., Poor diversification). The correlation of YieldMax 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. If the correlation is 0, the equities are not correlated; they are entirely random.

YieldMax Correlation With Market

Very weak diversification

The correlation between YieldMax AI Option and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax AI Option and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

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

Moving together with YieldMax Etf

0.71	SWIN	Alps Earnings Call This Week	Pair Corr
0.86	JEM	707 Cayman Holdings	Pair Corr
0.79	MPAY	Exchange Traded Concepts	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.87	HPQ	HP Inc	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.88	HD	Home Depot	Pair Corr
0.62	DIS	Walt Disney	Pair Corr

Moving against YieldMax Etf

0.95	BITI	ProShares Trust	Pair Corr
0.89	PULS	PGIM Ultra Short	Pair Corr
0.84	XYLD	Global X SP	Pair Corr
0.74	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.71	BUYW	Main Buywrite ETF	Pair Corr
0.68	DIVO	Amplify CWP Enhanced	Pair Corr
0.68	CPSR	Calamos SP 500	Pair Corr
0.65	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.58	JEPI	JPMorgan Equity Premium	Pair Corr
0.58	MDBX	Tradr 2X Long	Pair Corr
0.54	RYLD	Global X Russell	Pair Corr
0.54	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.47	KNG	FT Cboe Vest	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.87	KO	Coca Cola	Pair Corr
0.82	MRK	Merck Company Aggressive Push	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.53	WMT	Walmart Common Stock	Pair Corr
0.42	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.59	-0.66	0.6	-0.63	0.24	-0.12	-0.61	-0.65	META
MSFT	0.66		0.84	-0.51	0.36	-0.25	0.12	-0.27	-0.77	-0.6	MSFT
UBER	0.59	0.84		-0.62	0.58	-0.37	-0.05	-0.13	-0.84	-0.57	UBER
F	-0.66	-0.51	-0.62		-0.72	0.59	0.25	0.35	0.71	0.76	F
T	0.6	0.36	0.58	-0.72		-0.61	-0.41	-0.09	-0.55	-0.49	T
A	-0.63	-0.25	-0.37	0.59	-0.61		-0.16	-0.26	0.56	0.32	A
CRM	0.24	0.12	-0.05	0.25	-0.41	-0.16		0.29	-0.03	0.09	CRM
JPM	-0.12	-0.27	-0.13	0.35	-0.09	-0.26	0.29		0.18	0.3	JPM
MRK	-0.61	-0.77	-0.84	0.71	-0.55	0.56	-0.03	0.18		0.64	MRK
XOM	-0.65	-0.6	-0.57	0.76	-0.49	0.32	0.09	0.3	0.64		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.84	MSFT
XOM	+ 0.76	F
MRK	+ 0.71	F
MSFT	+ 0.66	META
XOM	+ 0.64	MRK
T	+ 0.6	META

High negative correlations

MRK	- 0.84	UBER
MRK	- 0.77	MSFT
T	- 0.72	F
F	- 0.66	META
XOM	- 0.65	META
A	- 0.63	META

YieldMax Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax 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 YieldMax'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
META	1.41	(0.29)	0.00	(0.25)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.92	(0.14)	0.00	(0.16)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.49	(0.34)	0.00	(0.26)	0.00	0.00	2.60	(3.82)	10.51
F	1.49	0.17	0.10	0.17	1.70	(1.62)	3.38	(2.63)	16.30
T	0.95	(0.27)	0.00	(0.91)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.08	0.06	0.13	1.31	(1.33)	2.34	(2.21)	11.03
CRM	1.58	0.06	0.03	0.11	2.05	(1.53)	3.66	(2.92)	9.91
JPM	1.03	(0.02)	(0.01)	0.04	1.40	(1.03)	2.00	(1.91)	7.02
MRK	1.47	0.35	0.25	0.47	1.11	(1.91)	4.85	(2.06)	11.45
XOM	0.96	0.07	0.02	0.36	0.99	(1.01)	1.96	(1.51)	4.99

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