Bitwise Funds Correlations

IMST Etf

11.69 0.27 2.36%

The current 90-days correlation between Bitwise Funds Trust and JP Morgan Exchange Traded is -0.1 (i.e., Good diversification). The correlation of Bitwise Funds 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.

Bitwise Funds Correlation With Market

Excellent diversification

The correlation between Bitwise Funds Trust and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bitwise Funds Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bitwise Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Bitwise Funds 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 main economic indicators.

Moving together with Bitwise Etf

0.77

BULZ

MicroSectors Solactive

Pair Corr

Moving against Bitwise Etf

0.72	KNG	FT Cboe Vest	Pair Corr
0.7	JEPI	JPMorgan Equity Premium	Pair Corr
0.7	DIVO	Amplify CWP Enhanced	Pair Corr
0.67	IDME	International Drawdown	Pair Corr
0.63	XYLD	Global X SP	Pair Corr
0.63	KORU	Direxion Daily South	Pair Corr
0.61	BUYW	Main Buywrite ETF	Pair Corr
0.55	RYLD	Global X Russell	Pair Corr
0.5	GDMN	WisdomTree Efficient Gold	Pair Corr
0.44	NUGT	Direxion Daily Gold	Pair Corr
0.39	JNUG	Direxion Daily Junior	Pair Corr
0.73	DFIV	Dimensional International	Pair Corr
0.73	STXV	EA Series Trust	Pair Corr
0.7	RHRX	Starboard Investment	Pair Corr
0.7	FTCS	First Trust Capital	Pair Corr
0.68	PID	Invesco International	Pair Corr
0.67	AVDS	Avantis International	Pair Corr
0.67	FIDU	Fidelity MSCI Industrials	Pair Corr
0.66	DFE	WisdomTree Europe	Pair Corr
0.64	IJS	iShares SP Small	Pair Corr
0.6	DGP	DB Gold Double	Pair Corr
0.6	UEVM	VictoryShares Emerging	Pair Corr
0.59	HCMAX	THE HILLMAN FUND Potential Growth	Pair Corr
0.57	QTAP	Innovator Growth 100	Pair Corr
0.56	EAFG	Pacer Funds Trust	Pair Corr
0.48	RSST	Return Stacked Stocks	Pair Corr
0.48	PAUG	Innovator Equity Power	Pair Corr
0.76	ISTB	iShares Core 1	Pair Corr
0.73	VYMI	Vanguard International	Pair Corr
0.72	DISV	Dimensional ETF Trust	Pair Corr
0.71	ILOW	AB Active ETFs	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.08	-0.11	0.0	0.13	-0.21	-0.03	0.14	-0.01	0.15	META
MSFT	-0.08		0.84	-0.57	-0.87	0.83	0.92	0.41	-0.92	-0.95	MSFT
UBER	-0.11	0.84		-0.53	-0.77	0.85	0.76	0.25	-0.82	-0.83	UBER
F	0.0	-0.57	-0.53		0.35	-0.43	-0.45	-0.1	0.64	0.58	F
T	0.13	-0.87	-0.77	0.35		-0.71	-0.87	-0.34	0.79	0.79	T
A	-0.21	0.83	0.85	-0.43	-0.71		0.71	0.36	-0.75	-0.85	A
CRM	-0.03	0.92	0.76	-0.45	-0.87	0.71		0.57	-0.84	-0.9	CRM
JPM	0.14	0.41	0.25	-0.1	-0.34	0.36	0.57		-0.25	-0.43	JPM
MRK	-0.01	-0.92	-0.82	0.64	0.79	-0.75	-0.84	-0.25		0.92	MRK
XOM	0.15	-0.95	-0.83	0.58	0.79	-0.85	-0.9	-0.43	0.92		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

CRM	+ 0.92	MSFT
XOM	+ 0.92	MRK
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.83	MSFT
MRK	+ 0.79	T

High negative correlations

XOM	- 0.95	MSFT
MRK	- 0.92	MSFT
XOM	- 0.9	CRM
CRM	- 0.87	T
T	- 0.87	MSFT
XOM	- 0.85	A

Bitwise Funds Competition Risk-Adjusted Indicators

There is a big difference between Bitwise Etf performing well and Bitwise Funds 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 Bitwise Funds' 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	1.45	0.03	0.01	0.08	1.59	(1.56)	2.38	(2.81)	13.69
MSFT	1.35	(0.25)	0.00	(0.52)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.58	(0.15)	0.00	(0.26)	0.00	0.00	2.70	(3.82)	11.09
F	1.31	(0.07)	0.00	(0.03)	0.00	0.00	3.61	(2.59)	9.82
T	1.06	0.19	0.12	(0.62)	0.93	(1.27)	3.87	(1.76)	7.44
A	1.22	(0.45)	0.00	(0.45)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.82	(0.20)	0.00	0.47	0.00	0.00	3.66	(4.75)	12.37
JPM	1.27	(0.06)	(0.02)	0.00	1.84	(1.28)	2.34	(3.11)	8.17
MRK	1.21	0.19	0.11	0.54	1.27	(1.29)	2.54	(2.06)	7.10
XOM	1.32	0.44	0.27	2.84	1.08	(1.56)	2.90	(2.44)	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