ETF Series Correlations

MSTB Etf

USD 34.57 0.24 0.70%

The current 90-days correlation between ETF Series Solutions and Aptus Collared Income is 0.96 (i.e., Almost no diversification). The correlation of ETF Series 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.

ETF Series Correlation With Market

Very poor diversification

The correlation between ETF Series Solutions and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETF Series Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ETF Series Solutions. 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 ETF Etf

0.97	ACIO	Aptus Collared Income	Pair Corr
0.98	ADME	Aptus Drawdown Managed	Pair Corr
0.71	SWAN	Amplify BlackSwan Growth	Pair Corr
0.8	PHDG	Invesco SP 500	Pair Corr
0.91	HEGD	Swan Hedged Equity	Pair Corr
0.83	VAMO	Cambria Value Low Volatility	Pair Corr
0.9	HEQT	Simplify Exchange Traded	Pair Corr
0.97	GTR	WisdomTree Target Range	Pair Corr
0.79	DSJA	DSJA	Pair Corr
0.76	RSPY	Tuttle Capital Management	Pair Corr
0.75	MEME	Roundhill Investments	Pair Corr
0.81	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.66	GMET	VanEck Vectors ETF	Pair Corr
0.96	SPY	SPDR SP 500	Pair Corr
0.92	PPA	Invesco Aerospace Defense	Pair Corr
0.88	HPQ	HP Inc	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.87	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	DIS	Walt Disney Aggressive Push	Pair Corr
0.65	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.74	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.76	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against ETF Etf

0.54	CCOR	Core Alternative ETF	Pair Corr
0.68	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.58	KO	Coca Cola Aggressive Push	Pair Corr
0.54	PG	Procter Gamble	Pair Corr
0.41	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	ACIO	CCOR	ADME	SWAN	PHDG	MSTB	HEGD	HEQT	GTR
ACIO		-0.62	1.0	0.67	0.74	0.97	0.94	0.95	0.96	ACIO
CCOR	-0.62		-0.59	0.01	-0.31	-0.54	-0.59	-0.68	-0.5	CCOR
ADME	1.0	-0.59		0.69	0.74	0.98	0.94	0.94	0.96	ADME
SWAN	0.67	0.01	0.69		0.5	0.71	0.61	0.54	0.77	SWAN
PHDG	0.74	-0.31	0.74	0.5		0.8	0.74	0.73	0.73	PHDG
MSTB	0.97	-0.54	0.98	0.71	0.8		0.91	0.9	0.97	MSTB
HEGD	0.94	-0.59	0.94	0.61	0.74	0.91		0.98	0.89	HEGD
HEQT	0.95	-0.68	0.94	0.54	0.73	0.9	0.98		0.87	HEQT
GTR	0.96	-0.5	0.96	0.77	0.73	0.97	0.89	0.87		GTR
	ACIO	CCOR	ADME	SWAN	PHDG	MSTB	HEGD	HEQT	GTR

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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

ADME	+ 1.0	ACIO
MSTB	+ 0.98	ADME
HEQT	+ 0.98	HEGD
MSTB	+ 0.97	ACIO
GTR	+ 0.97	MSTB
GTR	+ 0.96	ACIO

High negative correlations

HEQT	- 0.68	CCOR
CCOR	- 0.62	ACIO
HEGD	- 0.59	CCOR
ADME	- 0.59	CCOR
MSTB	- 0.54	CCOR
GTR	- 0.5	CCOR

ETF Series Constituents Risk-Adjusted Indicators

There is a big difference between ETF Etf performing well and ETF Series 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 ETF Series' 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
ACIO	0.44	0.00	(0.06)	0.08	0.50	(0.50)	0.85	(1.01)	3.18
CCOR	0.47	(0.07)	0.00	(0.16)	0.00	0.00	0.73	(0.87)	4.63
ADME	0.53	0.00	(0.03)	0.08	0.65	(0.55)	1.03	(1.31)	3.16
SWAN	0.49	(0.04)	(0.11)	0.02	0.61	(0.51)	1.10	(1.06)	2.69
PHDG	0.40	0.00	(0.13)	0.06	0.56	(0.40)	0.95	(0.93)	3.07
MSTB	0.54	(0.03)	(0.07)	0.04	0.71	(0.56)	1.04	(1.30)	3.40
HEGD	0.39	0.06	(0.05)	(1.09)	0.49	(0.41)	0.85	(1.03)	2.86
HEQT	0.36	0.07	(0.03)	(2.77)	0.38	(0.38)	0.89	(0.91)	2.44
GTR	0.53	(0.03)	(0.07)	0.05	0.63	(0.56)	1.23	(1.16)	3.12

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