YieldMax N Correlations

CONY Etf

40.36 0.48 1.20%

The current 90-days correlation between YieldMax N Option and YieldMax NVDA Option is -0.11 (i.e., Good diversification). The correlation of YieldMax N 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 N Correlation With Market

Very weak diversification

The correlation between YieldMax N Option and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax N 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 N 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 employment.

Moving together with YieldMax Etf

0.73	IRE	Tidal Trust II	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.87	HPQ	HP Inc	Pair Corr

Moving against YieldMax Etf

0.81	XYLD	Global X SP	Pair Corr
0.71	BUYW	Main Buywrite ETF	Pair Corr
0.67	KNG	FT Cboe Vest	Pair Corr
0.66	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.65	JEPI	JPMorgan Equity Premium	Pair Corr
0.62	VTV	Vanguard Value Index	Pair Corr
0.49	DIVO	Amplify CWP Enhanced	Pair Corr
0.49	IDME	International Drawdown	Pair Corr
0.48	RYLD	Global X Russell	Pair Corr
0.45	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.38	VTI	Vanguard Total Stock	Pair Corr
0.35	SPY	SPDR SP 500	Pair Corr
0.35	IVV	iShares Core SP	Pair Corr
0.31	TOT	Advisor Managed Port	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.68	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.64	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.52	JPM	JPMorgan Chase	Pair Corr
0.52	AXP	American Express	Pair Corr
0.48	VZ	Verizon Communications	Pair Corr
0.32	MMM	3M Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.33	-0.42	0.24	-0.28	0.41	-0.19	-0.36	-0.43	META
MSFT	0.6		0.81	-0.55	0.46	0.01	0.09	-0.46	-0.83	-0.69	MSFT
UBER	0.33	0.81		-0.5	0.44	0.29	-0.16	-0.5	-0.81	-0.56	UBER
F	-0.42	-0.55	-0.5		-0.7	0.16	0.26	0.64	0.71	0.75	F
T	0.24	0.46	0.44	-0.7		0.28	-0.52	-0.61	-0.5	-0.62	T
A	-0.28	0.01	0.29	0.16	0.28		-0.54	-0.24	-0.02	-0.02	A
CRM	0.41	0.09	-0.16	0.26	-0.52	-0.54		0.54	0.16	0.11	CRM
JPM	-0.19	-0.46	-0.5	0.64	-0.61	-0.24	0.54		0.64	0.54	JPM
MRK	-0.36	-0.83	-0.81	0.71	-0.5	-0.02	0.16	0.64		0.8	MRK
XOM	-0.43	-0.69	-0.56	0.75	-0.62	-0.02	0.11	0.54	0.8		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	+ 0.81	MSFT
XOM	+ 0.8	MRK
XOM	+ 0.75	F
MRK	+ 0.71	F
JPM	+ 0.64	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.83	MSFT
MRK	- 0.81	UBER
T	- 0.7	F
XOM	- 0.69	MSFT
XOM	- 0.62	T
JPM	- 0.61	T

YieldMax N Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax N 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 N'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	1.33	(0.30)	0.00	(0.22)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.93	(0.22)	0.00	(0.40)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.45	(0.24)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.41	0.16	0.14	0.21	1.25	(1.70)	3.38	(2.35)	16.30
T	0.90	(0.14)	0.00	(0.27)	0.00	0.00	1.63	(1.85)	5.78
A	1.09	(0.04)	(0.02)	0.06	1.21	(1.20)	2.34	(2.09)	6.50
CRM	1.58	(0.18)	0.00	(0.08)	0.00	0.00	3.66	(3.61)	12.37
JPM	1.14	(0.13)	(0.05)	0.01	1.66	(1.13)	2.00	(2.34)	7.38
MRK	1.22	0.32	0.24	0.48	0.97	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.22	0.10	2.79	0.97	(1.22)	2.37	(1.51)	5.82

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