Aptus Defined Correlations

DRSK Etf

USD 28.03 0.06 0.21%

The current 90-days correlation between Aptus Defined Risk and iShares MSCI USA is 0.54 (i.e., Very weak 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

Excellent diversification

The correlation between Aptus Defined Risk and DJI is -0.59 (i.e., Excellent 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 main economic indicators.

Moving together with Aptus Etf

0.64

MPAY

Exchange Traded Concepts

Pair Corr

Moving against Aptus Etf

0.8	BNDS	Series Portfolios Trust	Pair Corr
0.8	PCEM	Litman Gregory Funds	Pair Corr
0.77	EMES	Harbor ETF Trust	Pair Corr
0.73	AMPD	Tidal ETF Services	Pair Corr
0.71	ELON	Battleshares TSLA	Pair Corr
0.66	GTO	Invesco Total Return	Pair Corr
0.64	JCPB	JPMorgan Core Plus Sell-off Trend	Pair Corr
0.61	CPST	Calamos ETF Trust	Pair Corr
0.6	IUSB	iShares Core Total	Pair Corr
0.59	TOTL	SPDR DoubleLine Total	Pair Corr
0.59	HTRB	Hartford Total Return	Pair Corr
0.59	EUSB	iShares Trust	Pair Corr
0.56	ITWO	Proshares Russell 2000	Pair Corr
0.54	FBND	Fidelity Total Bond Sell-off Trend	Pair Corr
0.52	FIXD	First Trust TCW	Pair Corr
0.83	XFIX	Fm Investments Symbol Change	Pair Corr
0.81	LSEQ	Harbor ETF Trust	Pair Corr
0.81	SCDV	ETF Series Solutions	Pair Corr
0.8	VGUS	Vanguard Ultra Short	Pair Corr
0.8	TAXT	Northern Trust Tax	Pair Corr
0.77	SCZ	iShares MSCI EAFE	Pair Corr
0.75	XTWO	Bondbloxx ETF Trust	Pair Corr
0.75	DFSD	Dimensional ETF Trust	Pair Corr
0.74	SPVM	Invesco SP 500	Pair Corr
0.72	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.66	FXC	Invesco CurrencyShares	Pair Corr
0.63	WDNA	WisdomTree BioRevolution	Pair Corr
0.6	XYLD	Global X SP	Pair Corr
0.58	TOCT	Innovator Equity Defined	Pair Corr
0.52	JANW	AIM ETF Products	Pair Corr
0.83	GENW	Spinnaker ETF Series	Pair Corr
0.8	DOGG	First Trust Exchange	Pair Corr
0.8	FIDU	Fidelity MSCI Industrials	Pair Corr
0.8	CCNR	CoreCommodity Natural	Pair Corr
0.8	EDGI	Advisors Inner	Pair Corr
0.8	UDI	USCF ETF Trust	Pair Corr

Related Correlations Analysis

	LCTU	ARKF	BAFE	FDLO	LIT	GLOV	BLOK	GSEW	QVML	EUSA
LCTU		-0.02	0.77	0.8	0.6	0.51	0.34	0.73	0.98	0.73	LCTU
ARKF	-0.02		0.32	-0.51	-0.58	-0.65	0.73	-0.46	-0.21	-0.45	ARKF
BAFE	0.77	0.32		0.47	0.42	0.37	0.6	0.64	0.7	0.65	BAFE
FDLO	0.8	-0.51	0.47		0.74	0.69	-0.02	0.82	0.88	0.82	FDLO
LIT	0.6	-0.58	0.42	0.74		0.84	0.01	0.89	0.71	0.88	LIT
GLOV	0.51	-0.65	0.37	0.69	0.84		-0.23	0.85	0.62	0.85	GLOV
BLOK	0.34	0.73	0.6	-0.02	0.01	-0.23		0.09	0.21	0.08	BLOK
GSEW	0.73	-0.46	0.64	0.82	0.89	0.85	0.09		0.8	1.0	GSEW
QVML	0.98	-0.21	0.7	0.88	0.71	0.62	0.21	0.8		0.79	QVML
EUSA	0.73	-0.45	0.65	0.82	0.88	0.85	0.08	1.0	0.79		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

EUSA	+ 1.0	GSEW
QVML	+ 0.98	LCTU
GSEW	+ 0.89	LIT
QVML	+ 0.88	FDLO
EUSA	+ 0.88	LIT
GSEW	+ 0.85	GLOV

High negative correlations

GLOV	- 0.65	ARKF
LIT	- 0.58	ARKF
FDLO	- 0.51	ARKF
GSEW	- 0.46	ARKF
EUSA	- 0.45	ARKF
BLOK	- 0.23	GLOV

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	0.57	(0.01)	(0.07)	0.21	0.86	(0.54)	1.02	(1.63)	4.10
ARKF	1.59	(0.47)	0.00	(0.24)	0.00	0.00	3.37	(4.16)	9.56
BAFE	0.62	(0.04)	(0.06)	0.00	0.79	(0.65)	1.27	(1.35)	3.58
FDLO	0.42	0.03	(0.05)	(0.24)	0.54	(0.42)	0.93	(0.81)	2.95
LIT	1.36	0.16	0.09	0.19	1.66	(1.40)	2.62	(2.91)	8.60
GLOV	0.39	0.07	0.03	0.94	0.35	(0.41)	0.80	(0.61)	2.51
BLOK	1.98	(0.25)	0.00	(0.08)	0.00	0.00	4.13	(4.33)	12.80
GSEW	0.60	0.04	0.05	0.10	0.63	(0.72)	1.26	(1.41)	4.05
QVML	0.53	0.00	(0.06)	(0.04)	0.78	(0.51)	0.99	(1.32)	3.67
EUSA	0.59	0.04	0.04	0.09	0.59	(0.70)	1.31	(1.33)	3.68

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