Tradr 2X Correlations

GSX Etf

USD 34.18 0.33 0.97%

The current 90-days correlation between Tradr 2X Long and YieldMax Short NVDA is -0.26 (i.e., Very good diversification). The correlation of Tradr 2X 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.

Tradr 2X Correlation With Market

Poor diversification

The correlation between Tradr 2X Long and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tradr 2X Long and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tradr Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Tradr 2X Long. 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 together with Tradr Etf

0.9	FB	ProShares Trust ProShares	Pair Corr
0.76	TOT	Advisor Managed Port	Pair Corr
0.81	KONG	Formidable Fortress ETF	Pair Corr
0.75	CAM	AB Active ETFs	Pair Corr
0.91	CEF	Sprott Physical Gold	Pair Corr
0.86	PCS	PGIM Corporate Bond	Pair Corr
0.7	XLC	Communication Services	Pair Corr
0.94	GAPR	First Trust Exchange	Pair Corr
0.91	XISE	FT Cboe Vest	Pair Corr
0.9	ECML	EA Series Trust	Pair Corr
0.87	DAUG	FT Cboe Vest	Pair Corr
0.9	SHYL	Xtrackers Short Duration	Pair Corr
0.74	VHT	Vanguard Health Care	Pair Corr
0.85	PLTM	GraniteShares Platinum	Pair Corr
0.83	VB	Vanguard Small Cap	Pair Corr
0.76	WTMU	WisdomTree Core Laddered	Pair Corr
0.86	PALC	Pacer Lunt Large	Pair Corr
0.91	PMSE	PGIM SP 500	Pair Corr
0.86	METL	Sprott Active Metals	Pair Corr
0.93	PBAP	PGIM Large Cap	Pair Corr
0.64	SQEW	Redwood Investment	Pair Corr
0.91	AVUV	Avantis Small Cap	Pair Corr
0.74	PDBC	Invesco Optimum Yield	Pair Corr
0.89	TUSI	Touchstone ETF Trust	Pair Corr
0.9	EWM	iShares MSCI Malaysia	Pair Corr
0.76	VOO	Vanguard SP 500	Pair Corr
0.89	PSQA	Palmer Square Funds	Pair Corr
0.71	SOXQ	Invesco PHLX Semicon	Pair Corr
0.82	XBI	SPDR SP Biotech	Pair Corr
0.63	MUNY	Vanguard New York	Pair Corr
0.95	VLUE	iShares MSCI USA	Pair Corr
0.94	ICPY	RBB Fund	Pair Corr
0.91	VYM	Vanguard High Dividend	Pair Corr
0.72	JPY	Lazard Japanese Equity	Pair Corr
0.67	EOCT	Innovator ETFs Trust	Pair Corr

Moving against Tradr Etf

0.89	NFLX	Netflix	Pair Corr
0.64	FRHC	Freedom Holding Corp	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.63	0.38	-0.48	0.26	-0.32	0.31	-0.23	-0.37	-0.47	META
MSFT	0.63		0.84	-0.56	0.43	-0.03	-0.04	-0.51	-0.82	-0.65	MSFT
UBER	0.38	0.84		-0.55	0.47	0.2	-0.24	-0.52	-0.83	-0.63	UBER
F	-0.48	-0.56	-0.55		-0.68	0.24	0.36	0.65	0.68	0.77	F
T	0.26	0.43	0.47	-0.68		0.25	-0.67	-0.67	-0.45	-0.57	T
A	-0.32	-0.03	0.2	0.24	0.25		-0.48	-0.2	0.01	0.0	A
CRM	0.31	-0.04	-0.24	0.36	-0.67	-0.48		0.55	0.27	0.32	CRM
JPM	-0.23	-0.51	-0.52	0.65	-0.67	-0.2	0.55		0.69	0.7	JPM
MRK	-0.37	-0.82	-0.83	0.68	-0.45	0.01	0.27	0.69		0.8	MRK
XOM	-0.47	-0.65	-0.63	0.77	-0.57	0.0	0.32	0.7	0.8		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

UBER	+ 0.84	MSFT
XOM	+ 0.8	MRK
XOM	+ 0.77	F
XOM	+ 0.7	JPM
MRK	+ 0.69	JPM
MRK	+ 0.68	F

High negative correlations

MRK	- 0.83	UBER
MRK	- 0.82	MSFT
T	- 0.68	F
JPM	- 0.67	T
CRM	- 0.67	T
XOM	- 0.65	MSFT

Tradr 2X Competition Risk-Adjusted Indicators

There is a big difference between Tradr Etf performing well and Tradr 2X 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 Tradr 2X'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	1.36	(0.20)	0.00	(0.12)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.91	(0.18)	0.00	(0.27)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.54	(0.28)	0.00	(0.19)	0.00	0.00	2.60	(3.82)	10.23
F	1.44	0.18	0.14	0.22	1.32	(1.68)	3.38	(2.35)	16.30
T	0.88	(0.14)	0.00	(0.52)	0.00	0.00	1.61	(1.83)	5.75
A	1.13	0.01	0.02	0.09	1.26	(1.22)	2.34	(2.22)	6.50
CRM	1.51	0.06	0.02	0.16	1.92	(1.53)	3.66	(2.92)	9.91
JPM	1.11	0.00	0.02	0.08	1.43	(1.17)	2.34	(2.28)	7.02
MRK	1.22	0.30	0.22	0.45	1.05	(1.52)	3.59	(1.98)	8.09
XOM	1.04	0.12	0.05	0.44	1.06	(1.15)	2.21	(1.93)	5.82

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