Aptus Defined Correlations

DRSK Etf

USD 28.67 0.06 0.21%

The current 90-days correlation between Aptus Defined Risk and BlackRock Carbon Transition is 0.77 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aptus Defined moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aptus Defined Risk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aptus Defined Correlation With Market

Poor diversification

The correlation between Aptus Defined Risk and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptus Defined Risk and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aptus Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Aptus Defined Risk. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against Aptus Etf

0.6	CALI	iShares Short Term	Pair Corr
0.58	AGQ	ProShares Ultra Silver	Pair Corr
0.5	CPSL	Calamos Laddered	Pair Corr
0.46	AMPD	Tidal ETF Services	Pair Corr
0.43	BNDS	Series Portfolios Trust	Pair Corr
0.35	CPST	Calamos ETF Trust	Pair Corr
0.34	PJFM	PGIM ETF Trust	Pair Corr

Related Correlations Analysis

	LCTU	ARKF	BAFE	FDLO	LIT	GLOV	BLOK	GSEW	QVML	EUSA
LCTU		-0.07	0.82	0.79	0.7	0.81	-0.13	0.79	0.99	0.74	LCTU
ARKF	-0.07		0.04	-0.46	-0.62	-0.44	0.97	0.14	-0.16	0.0	ARKF
BAFE	0.82	0.04		0.73	0.54	0.83	0.0	0.98	0.81	0.88	BAFE
FDLO	0.79	-0.46	0.73		0.76	0.95	-0.49	0.66	0.84	0.63	FDLO
LIT	0.7	-0.62	0.54	0.76		0.79	-0.66	0.46	0.76	0.53	LIT
GLOV	0.81	-0.44	0.83	0.95	0.79		-0.48	0.77	0.85	0.76	GLOV
BLOK	-0.13	0.97	0.0	-0.49	-0.66	-0.48		0.11	-0.22	-0.06	BLOK
GSEW	0.79	0.14	0.98	0.66	0.46	0.77	0.11		0.77	0.86	GSEW
QVML	0.99	-0.16	0.81	0.84	0.76	0.85	-0.22	0.77		0.74	QVML
EUSA	0.74	0.0	0.88	0.63	0.53	0.76	-0.06	0.86	0.74		EUSA
	LCTU	ARKF	BAFE	FDLO	LIT	GLOV	BLOK	GSEW	QVML	EUSA

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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

QVML	+ 0.99	LCTU
GSEW	+ 0.98	BAFE
BLOK	+ 0.97	ARKF
GLOV	+ 0.95	FDLO
EUSA	+ 0.88	BAFE
EUSA	+ 0.86	GSEW

High negative correlations

BLOK	- 0.66	LIT
LIT	- 0.62	ARKF
BLOK	- 0.49	FDLO
BLOK	- 0.48	GLOV
FDLO	- 0.46	ARKF
GLOV	- 0.44	ARKF

Aptus Defined Constituents Risk-Adjusted Indicators

There is a big difference between Aptus Etf performing well and Aptus Defined 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 Aptus Defined'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
LCTU	0.61	(0.02)	(0.02)	0.05	0.88	(0.57)	1.29	(1.24)	3.28
ARKF	1.68	(0.34)	0.00	(0.11)	0.00	0.00	2.72	(4.77)	8.04
BAFE	0.66	(0.03)	(0.03)	0.03	0.91	(0.62)	1.27	(1.34)	3.15
FDLO	0.44	(0.02)	(0.07)	0.03	0.54	(0.46)	0.94	(0.73)	2.13
LIT	1.60	0.16	0.08	0.17	2.07	(1.68)	3.20	(2.91)	11.60
GLOV	0.39	(0.01)	(0.08)	0.04	0.44	(0.43)	0.81	(0.68)	1.96
BLOK	2.15	(0.32)	0.00	(0.08)	0.00	0.00	4.13	(5.00)	10.10
GSEW	0.67	(0.04)	(0.04)	0.02	0.84	(0.68)	1.16	(1.41)	2.91
QVML	0.55	(0.01)	(0.03)	0.05	0.76	(0.54)	1.20	(1.05)	3.04
EUSA	0.63	0.04	(0.02)	0.31	0.76	(0.65)	1.22	(1.33)	2.77

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