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The current 90-days correlation between Invesco BulletShares 2029 and Invesco BulletShares 2028 is 0.85 (i.e., Very poor diversification). The correlation of Invesco BulletShares 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.
Invesco BulletShares Correlation With Market
Average diversification
The correlation between Invesco BulletShares 2029 and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco BulletShares 2029 and DJI in the same portfolio, assuming nothing else is changed.
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