Strategy Shares Correlations

GOLY Etf

38.08 0.08 0.21%

The current 90-days correlation between Strategy Shares and Simplify Exchange Traded is 0.12 (i.e., Average diversification). The correlation of Strategy Shares 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.

Strategy Shares Correlation With Market

Very poor diversification

The correlation between Strategy Shares and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy Shares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Strategy Etf

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

For more information on how to buy Strategy Etf please use our How to Invest in Strategy Shares guide.

Moving together with Strategy Etf

0.76	PDBC	Invesco Optimum Yield	Pair Corr
0.76	DBC	Invesco DB Commodity	Pair Corr
0.79	COMT	iShares GSCI Commodity	Pair Corr
0.77	GSG	iShares SP GSCI	Pair Corr
0.74	DJP	iPath Bloomberg Commodity	Pair Corr
0.84	CMDY	iShares Bloomberg Roll	Pair Corr
0.74	COMB	GraniteShares Bloomberg	Pair Corr
0.89	GCC	WisdomTree Continuous	Pair Corr
0.84	MUU	Direxion Daily MU	Pair Corr
0.84	MULL	GraniteShares 2x Long	Pair Corr
0.84	KORU	Direxion Daily South	Pair Corr
0.9	GDXU	MicroSectors Gold Miners	Pair Corr
0.93	JNUG	Direxion Daily Junior	Pair Corr
0.71	FNGD	MicroSectors FANG Index	Pair Corr
0.94	NUGT	Direxion Daily Gold	Pair Corr
0.7	AGQ	ProShares Ultra Silver	Pair Corr
0.7	BWET	ETF Managers Group	Pair Corr
0.91	SHNY	Microsectors Gold	Pair Corr
0.85	REGL	ProShares SP MidCap	Pair Corr
0.67	DOGG	First Trust Exchange	Pair Corr
0.87	IQSZ	Invesco Actively Managed	Pair Corr
0.86	TAXT	Northern Trust Tax	Pair Corr
0.88	EDGI	Advisors Inner	Pair Corr
0.88	CHPS	Xtrackers Semiconductor	Pair Corr
0.81	PSFD	Pacer Swan SOS	Pair Corr
0.88	PFFA	Virtus InfraCap Preferred	Pair Corr
0.84	GENW	Spinnaker ETF Series	Pair Corr
0.85	XYLD	Global X SP	Pair Corr
0.9	FPXE	First Trust IPOX	Pair Corr
0.86	GAPR	First Trust Exchange	Pair Corr
0.84	SCDV	ETF Series Solutions	Pair Corr
0.88	WLDR	Affinity World Leaders	Pair Corr
0.86	BSMS	Invesco BulletShares 2028	Pair Corr
0.85	TLCI	Touchstone ETF Trust	Pair Corr
0.88	PFF	iShares Preferred	Pair Corr
0.82	LSEQ	Harbor ETF Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.32	-0.37	0.39	0.13	-0.44	-0.06	0.36	0.39	0.36	META
MSFT	-0.32		0.82	-0.58	-0.74	0.74	0.86	0.07	-0.87	-0.92	MSFT
UBER	-0.37	0.82		-0.53	-0.61	0.81	0.63	-0.09	-0.8	-0.79	UBER
F	0.39	-0.58	-0.53		0.19	-0.48	-0.33	0.27	0.74	0.64	F
T	0.13	-0.74	-0.61	0.19		-0.51	-0.8	-0.16	0.54	0.65	T
A	-0.44	0.74	0.81	-0.48	-0.51		0.56	-0.02	-0.67	-0.8	A
CRM	-0.06	0.86	0.63	-0.33	-0.8	0.56		0.43	-0.66	-0.84	CRM
JPM	0.36	0.07	-0.09	0.27	-0.16	-0.02	0.43		0.21	-0.1	JPM
MRK	0.39	-0.87	-0.8	0.74	0.54	-0.67	-0.66	0.21		0.87	MRK
XOM	0.36	-0.92	-0.79	0.64	0.65	-0.8	-0.84	-0.1	0.87		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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

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

XOM	+ 0.87	MRK
CRM	+ 0.86	MSFT
UBER	+ 0.82	MSFT
A	+ 0.81	UBER
A	+ 0.74	MSFT
MRK	+ 0.74	F

High negative correlations

XOM	- 0.92	MSFT
MRK	- 0.87	MSFT
XOM	- 0.84	CRM
XOM	- 0.8	A
CRM	- 0.8	T
MRK	- 0.8	UBER

Strategy Shares Competition Risk-Adjusted Indicators

There is a big difference between Strategy Etf performing well and Strategy Shares 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 Strategy Shares' 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	1.48	0.06	0.03	0.13	1.43	(1.79)	3.43	(2.60)	13.69
MSFT	1.31	(0.36)	0.00	(1.07)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.54	(0.36)	0.00	(0.71)	0.00	0.00	2.46	(3.82)	11.09
F	1.20	0.03	0.02	0.09	1.21	(1.45)	3.34	(2.30)	7.16
T	1.01	0.14	0.08	28.20	0.94	(1.19)	3.87	(1.76)	7.44
A	1.23	(0.29)	0.00	(0.18)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.70	(0.43)	0.00	(0.39)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.21	(0.08)	(0.03)	0.00	1.66	(1.30)	2.34	(2.63)	7.38
MRK	1.28	0.39	0.28	0.63	0.97	(1.54)	2.93	(1.98)	8.74
XOM	1.27	0.37	0.23	1.41	1.06	(1.46)	2.90	(2.12)	6.83

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