Innovator ETFs Correlations

IGTR Etf

USD 25.61 0.09 0.35%

The current 90-days correlation between Innovator ETFs Trust and Tidal ETF Trust is 0.39 (i.e., Weak diversification). The correlation of Innovator ETFs 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 ETFs Correlation With Market

Weak diversification

The correlation between Innovator ETFs Trust and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator ETFs Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Innovator Etf

0.93	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Innovator Etf

0.95	RSPY	Tuttle Capital Management	Pair Corr
0.92	DSJA	DSJA	Pair Corr
0.91	MEME	Roundhill Investments	Pair Corr
0.89	MSTY	YieldMax MSTR Option	Pair Corr
0.82	BTC	Grayscale Bitcoin Mini	Pair Corr
0.8	DISO	Tidal Trust II	Pair Corr
0.76	DIVB	iShares Dividend	Pair Corr
0.66	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.6	CRBN	iShares MSCI ACWI	Pair Corr
0.58	URTH	iShares MSCI World	Pair Corr
0.53	ACWI	iShares MSCI ACWI	Pair Corr
0.52	VT	Vanguard Total World	Pair Corr
0.52	IOO	iShares Global 100	Pair Corr
0.49	SPGM	SPDR Portfolio MSCI	Pair Corr
0.42	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.37	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.37	ITDD	iShares Trust	Pair Corr
0.88	BAC	Bank of America Aggressive Push	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr
0.82	WMT	Walmart Aggressive Push	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.77	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.76	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.75	DIVG	Invesco Exchange Traded	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.55	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.54	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	HFND	CGDV	DFCF	ICOW	JUCY
HFND		0.89	-0.6	-0.19	0.04	HFND
CGDV	0.89		-0.4	-0.01	0.07	CGDV
DFCF	-0.6	-0.4		0.66	0.41	DFCF
ICOW	-0.19	-0.01	0.66		0.03	ICOW
JUCY	0.04	0.07	0.41	0.03		JUCY
	HFND	CGDV	DFCF	ICOW	JUCY

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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

CGDV	+ 0.89	HFND
ICOW	+ 0.66	DFCF
JUCY	+ 0.41	DFCF
JUCY	+ 0.07	CGDV
JUCY	+ 0.04	HFND
JUCY	+ 0.03	ICOW

High negative correlations

DFCF	- 0.6	HFND
DFCF	- 0.4	CGDV
ICOW	- 0.19	HFND
ICOW	- 0.01	CGDV

Innovator ETFs Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator ETFs 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 ETFs' 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
HFND	0.51	0.01	(0.07)	0.13	0.56	(0.54)	0.94	(1.01)	2.63
CGDV	0.50	(0.03)	(0.08)	0.06	0.56	(0.56)	1.11	(0.91)	3.27
DFCF	0.22	(0.04)	0.00	1.02	0.00	0.00	0.40	(0.61)	1.53
ICOW	0.61	(0.10)	0.00	(0.16)	0.00	0.00	1.24	(1.86)	3.96
JUCY	0.18	0.00	(0.40)	0.10	0.24	(0.20)	0.35	(0.52)	1.22

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