Innovator Capital Correlations

HOCT Etf

23.83 0.00 0.00%

The current 90-days correlation between Innovator Capital and Innovator SP 500 is -0.27 (i.e., Very good diversification). The correlation of Innovator Capital 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.

Innovator Capital Correlation With Market

Good diversification

The correlation between Innovator Capital Management and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Capital Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovator Etf

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

Moving together with Innovator Etf

0.81	INOV	Innovator ETFs Trust	Pair Corr
0.84	BUFR	First Trust Cboe	Pair Corr
0.86	BUFD	FT Cboe Vest	Pair Corr
0.8	PSEP	Innovator SP 500	Pair Corr
0.9	PJAN	Innovator SP 500	Pair Corr
0.82	PJUL	Innovator SP 500	Pair Corr
0.81	PAUG	Innovator Equity Power	Pair Corr
0.94	DNOV	FT Cboe Vest	Pair Corr
0.87	PMAY	Innovator SP 500	Pair Corr
0.85	ACII	Innovator ETFs Trust	Pair Corr
0.72	GDXU	MicroSectors Gold Miners	Pair Corr
0.79	MUU	Direxion Daily MU Upward Rally	Pair Corr
0.78	MULL	GraniteShares 2x Long Upward Rally	Pair Corr
0.62	KORU	Direxion Daily South	Pair Corr
0.77	JNUG	Direxion Daily Junior	Pair Corr
0.84	AGQ	ProShares Ultra Silver Downward Rally	Pair Corr
0.77	NUGT	Direxion Daily Gold	Pair Corr
0.79	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.89	GQI	Natixis ETF Trust	Pair Corr
0.82	VYM	Vanguard High Dividend	Pair Corr
0.63	SMH	VanEck Semiconductor ETF	Pair Corr
0.79	AVUV	Avantis Small Cap	Pair Corr
0.78	PDBC	Invesco Optimum Yield	Pair Corr
0.72	DDX	Defined Duration Symbol Change	Pair Corr
0.62	VV	Vanguard Large Cap	Pair Corr
0.75	EFA	iShares MSCI EAFE	Pair Corr
0.75	CEFZ	RiverNorth Active Income	Pair Corr
0.84	MKTN	Federated Hermes ETF	Pair Corr
0.95	JPIE	JP Morgan Exchange	Pair Corr
0.89	FUSI	American Century ETF	Pair Corr
0.79	PAPI	Morgan Stanley ETF	Pair Corr
0.92	VGSH	Vanguard Short Term Sell-off Trend	Pair Corr
0.83	SPUT	Innovator ETFs Trust	Pair Corr
0.63	HEGD	Swan Hedged Equity	Pair Corr

Moving against Innovator Etf

0.33	PTIR	GraniteShares 2x Long	Pair Corr
0.31	PLTU	Direxion Daily PLTR	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.32	-0.39	0.24	-0.24	0.43	-0.19	-0.35	-0.43	META
MSFT	0.6		0.8	-0.55	0.48	0.06	0.13	-0.45	-0.84	-0.7	MSFT
UBER	0.32	0.8		-0.49	0.44	0.32	-0.14	-0.5	-0.81	-0.54	UBER
F	-0.39	-0.55	-0.49		-0.71	0.09	0.24	0.66	0.71	0.73	F
T	0.24	0.48	0.44	-0.71		0.32	-0.45	-0.6	-0.51	-0.64	T
A	-0.24	0.06	0.32	0.09	0.32		-0.5	-0.26	-0.06	-0.09	A
CRM	0.43	0.13	-0.14	0.24	-0.45	-0.5		0.52	0.11	0.02	CRM
JPM	-0.19	-0.45	-0.5	0.66	-0.6	-0.26	0.52		0.64	0.52	JPM
MRK	-0.35	-0.84	-0.81	0.71	-0.51	-0.06	0.11	0.64		0.79	MRK
XOM	-0.43	-0.7	-0.54	0.73	-0.64	-0.09	0.02	0.52	0.79		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	+ 0.8	MSFT
XOM	+ 0.79	MRK
XOM	+ 0.73	F
MRK	+ 0.71	F
JPM	+ 0.66	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.81	UBER
T	- 0.71	F
XOM	- 0.7	MSFT
XOM	- 0.64	T
JPM	- 0.6	T

Innovator Capital Competition Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Capital 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 Innovator Capital'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	1.32	(0.28)	0.00	(0.20)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.94	(0.21)	0.00	(0.38)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.46	(0.23)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.42	0.13	0.12	0.18	1.27	(1.72)	3.38	(2.35)	16.30
T	0.89	(0.18)	0.00	(0.42)	0.00	0.00	1.53	(1.85)	4.30
A	1.14	(0.09)	(0.05)	0.02	1.39	(1.20)	2.34	(2.22)	6.50
CRM	1.57	(0.16)	0.00	(0.06)	0.00	0.00	3.66	(2.92)	12.37
JPM	1.12	(0.07)	(0.02)	0.04	1.59	(1.13)	2.00	(2.34)	7.38
MRK	1.23	0.32	0.23	0.44	1.01	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.23	0.12	2.92	0.98	(1.24)	2.37	(1.51)	5.82

Innovator Capital Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Innovator Capital etf to make a market-neutral strategy. Peer analysis of Innovator Capital could also be used in its relative valuation, which is a method of valuing Innovator Capital by comparing valuation metrics with similar companies.

Innovator SP 500 Innovator Equity 10 Innovator SP 500 First Trust Exchange Traded First Trust Exchange Traded Innovator SP 500 FT Cboe Vest VictoryShares WestEnd Sector Vident Core Equity Gotham Enhanced 500 American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

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