Amplify ETF Correlations

NDIV Etf

USD 28.54 0.21 0.73%

The current 90-days correlation between Amplify ETF Trust and Invesco SP 500 is 0.03 (i.e., Significant diversification). The correlation of Amplify ETF 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.

Amplify ETF Correlation With Market

Weak diversification

The correlation between Amplify ETF Trust and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify ETF Trust 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 Amplify ETF 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 gross domestic product.

For more information on how to buy Amplify Etf please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

0.7	XME	SPDR SP Metals	Pair Corr
0.69	PHO	Invesco Water Resources	Pair Corr
0.69	FIW	First Trust Water	Pair Corr
0.75	JAVA	JPMorgan Active Value	Pair Corr
0.69	KONG	Formidable Fortress ETF	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.73	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.62	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against Amplify Etf

0.45	MKC	McCormick Company Fiscal Year End 23rd of January 2025	Pair Corr
0.58	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.47	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.44	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.37	BA	Boeing Buyout Trend	Pair Corr

Related Correlations Analysis

	RGI	RCD	RHS	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX
RGI		0.95	-0.58	0.0	0.61	0.72	0.07	-0.65	0.68	0.68	RGI
RCD	0.95		-0.41	0.0	0.71	0.79	0.27	-0.7	0.64	0.81	RCD
RHS	-0.58	-0.41		0.0	-0.07	-0.19	0.44	0.36	-0.54	0.05	RHS
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.61	0.71	-0.07	0.0		0.67	0.34	-0.22	0.08	0.78	MSTSX
LBHIX	0.72	0.79	-0.19	0.0	0.67		0.59	-0.54	0.48	0.83	LBHIX
ABHYX	0.07	0.27	0.44	0.0	0.34	0.59		-0.35	0.11	0.54	ABHYX
SCAXF	-0.65	-0.7	0.36	0.0	-0.22	-0.54	-0.35		-0.87	-0.44	SCAXF
VIASP	0.68	0.64	-0.54	0.0	0.08	0.48	0.11	-0.87		0.34	VIASP
RRTLX	0.68	0.81	0.05	0.0	0.78	0.83	0.54	-0.44	0.34		RRTLX
	RGI	RCD	RHS	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX

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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

RCD	+ 0.95	RGI
RRTLX	+ 0.83	LBHIX
RRTLX	+ 0.81	RCD
LBHIX	+ 0.79	RCD
RRTLX	+ 0.78	MSTSX
LBHIX	+ 0.72	RGI

High negative correlations

VIASP	- 0.87	SCAXF
SCAXF	- 0.7	RCD
SCAXF	- 0.65	RGI
RHS	- 0.58	RGI
SCAXF	- 0.54	LBHIX
VIASP	- 0.54	RHS

Amplify ETF Constituents Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify ETF 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 Amplify ETF'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
RGI	0.66	0.16	0.12	0.77	0.31	(0.82)	1.57	(0.85)	5.20
RCD	0.69	0.22	0.16	2.87	0.40	(0.82)	1.52	(1.02)	3.36
RHS	0.49	(0.05)	0.00	(0.27)	0.00	0.00	0.85	(1.06)	2.47
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.45	(0.01)	(0.11)	0.10	0.39	(0.59)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
ABHYX	0.17	0.00	(0.23)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.43)	0.00	(0.64)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.10	(0.02)	(1.58)	1.11	(0.81)	2.28	(1.20)	7.18
RRTLX	0.22	0.03	(0.25)	0.71	0.12	(0.26)	0.48	(0.47)	1.36

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