Invesco Next Correlations

GGME Etf

53.71 0.76 1.44%

The current 90-days correlation between Invesco Next Gen and Wahed Dow Jones is 0.74 (i.e., Poor diversification). The correlation of Invesco Next 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.

Invesco Next Correlation With Market

Excellent diversification

The correlation between Invesco Next Gen and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Next Gen and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Invesco Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Next Gen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Invesco Etf

0.91	CIBR	First Trust NASDAQ	Pair Corr
0.93	IGV	iShares Expanded Tech	Pair Corr
0.9	FDN	First Trust Dow	Pair Corr
0.91	FNGO	MicroSectors FANG Index	Pair Corr
0.83	GBTC	Grayscale Bitcoin Trust	Pair Corr

Moving against Invesco Etf

0.82	RDIV	Invesco SP Ultra	Pair Corr
0.67	NUGT	Direxion Daily Gold	Pair Corr
0.66	JNUG	Direxion Daily Junior	Pair Corr
0.66	GGLL	Direxion Daily GOOGL	Pair Corr
0.65	SOXX	iShares Semiconductor ETF	Pair Corr
0.62	SMH	VanEck Semiconductor ETF	Pair Corr
0.46	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.92	JNJ	Johnson Johnson	Pair Corr
0.87	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.79	BINC	BlackRock ETF Trust	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.78	KO	Coca Cola Earnings Call This Week	Pair Corr
0.73	AHYB	American Century ETF	Pair Corr
0.7	INTC	Intel	Pair Corr
0.7	PFE	Pfizer Inc	Pair Corr
0.69	BA	Boeing	Pair Corr
0.69	VZ	Verizon Communications Aggressive Push	Pair Corr
0.66	MCD	McDonalds Earnings Call Tomorrow	Pair Corr
0.58	CSCO	Cisco Systems Earnings Call Today	Pair Corr
0.47	HD	Home Depot	Pair Corr
0.34	T	ATT Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	FPXI	IBUY	AVUQ	FBOT	MSTB	QBUF	GRIN	AUGW	XTL	UMMA
FPXI		0.05	0.67	0.93	0.51	0.69	0.96	0.83	0.91	0.96	FPXI
IBUY	0.05		0.59	0.26	0.36	0.58	0.27	0.42	0.18	0.12	IBUY
AVUQ	0.67	0.59		0.76	0.65	0.93	0.73	0.82	0.74	0.66	AVUQ
FBOT	0.93	0.26	0.76		0.61	0.77	0.96	0.91	0.95	0.95	FBOT
MSTB	0.51	0.36	0.65	0.61		0.53	0.57	0.51	0.51	0.5	MSTB
QBUF	0.69	0.58	0.93	0.77	0.53		0.76	0.91	0.8	0.72	QBUF
GRIN	0.96	0.27	0.73	0.96	0.57	0.76		0.89	0.9	0.96	GRIN
AUGW	0.83	0.42	0.82	0.91	0.51	0.91	0.89		0.93	0.9	AUGW
XTL	0.91	0.18	0.74	0.95	0.51	0.8	0.9	0.93		0.94	XTL
UMMA	0.96	0.12	0.66	0.95	0.5	0.72	0.96	0.9	0.94		UMMA
	FPXI	IBUY	AVUQ	FBOT	MSTB	QBUF	GRIN	AUGW	XTL	UMMA

Please upgrade your account to get full access to Macroaxis premium features

Invesco Next Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Next 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 Invesco Next'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
FPXI	1.02	0.09	0.07	0.18	1.06	(1.08)	1.99	(1.59)	5.98
IBUY	1.00	(0.17)	0.00	(0.06)	0.00	0.00	2.21	(2.47)	6.57
AVUQ	0.73	(0.07)	(0.07)	0.01	1.05	(0.66)	1.33	(1.78)	4.75
FBOT	0.96	0.03	0.03	0.12	1.17	(1.01)	1.82	(2.34)	4.83
MSTB	0.53	(0.02)	0.00	(1.46)	0.00	0.00	0.92	(1.27)	3.61
QBUF	0.32	(0.02)	(0.15)	0.03	0.47	(0.28)	0.72	(0.79)	2.03
GRIN	0.90	0.06	0.04	0.15	1.06	(1.03)	2.23	(1.50)	5.67
AUGW	0.20	0.00	(0.21)	0.10	0.17	(0.21)	0.52	(0.53)	1.43
XTL	1.58	0.15	0.09	0.19	1.86	(1.68)	3.04	(3.24)	8.95
UMMA	0.83	0.15	0.13	0.25	0.77	(0.92)	1.69	(1.51)	4.69

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC