YieldMax ARKK Correlations

OARK Etf

37.66 0.17 0.45%

The current 90-days correlation between YieldMax ARKK Option and Vanguard Institutional Total is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as YieldMax ARKK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YieldMax ARKK Option moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

YieldMax ARKK Correlation With Market

Very weak diversification

The correlation between YieldMax ARKK Option and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax ARKK Option and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in YieldMax ARKK Option. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with YieldMax Etf

0.75

PTIR

GraniteShares 2x Long Downward Rally

Pair Corr

Moving against YieldMax Etf

0.52	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.48	XYLD	Global X SP	Pair Corr
0.4	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.35	KNG	FT Cboe Vest	Pair Corr
0.34	BUYW	Main Buywrite ETF	Pair Corr
0.32	DIVO	Amplify CWP Enhanced	Pair Corr
0.56	IBTG	iShares iBonds Dec	Pair Corr
0.36	MYCI	SPDR SSGA My2029	Pair Corr
0.35	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.34	CPSU	Calamos SP 500	Pair Corr
0.33	HYSD	Columbia ETF Trust	Pair Corr
0.31	GBUG	Sprott Active Gold	Pair Corr
0.73	PHT	PHT	Pair Corr
0.69	FROG	Jfrog	Pair Corr
0.62	CLOX	Series Portfolios Trust	Pair Corr
0.51	FSST	Fidelity Sustainability	Pair Corr
0.41	ZJAN	Innovator Equity Defined	Pair Corr
0.37	PBJA	PGIM Rock ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.54	-0.62	0.54	-0.57	0.22	-0.15	-0.56	-0.61	META
MSFT	0.66		0.83	-0.51	0.36	-0.2	0.07	-0.32	-0.77	-0.61	MSFT
UBER	0.54	0.83		-0.61	0.57	-0.27	-0.14	-0.27	-0.85	-0.59	UBER
F	-0.62	-0.51	-0.61		-0.7	0.53	0.3	0.41	0.69	0.75	F
T	0.54	0.36	0.57	-0.7		-0.52	-0.5	-0.21	-0.53	-0.47	T
A	-0.57	-0.2	-0.27	0.53	-0.52		-0.18	-0.26	0.46	0.23	A
CRM	0.22	0.07	-0.14	0.3	-0.5	-0.18		0.37	0.07	0.17	CRM
JPM	-0.15	-0.32	-0.27	0.41	-0.21	-0.26	0.37		0.32	0.41	JPM
MRK	-0.56	-0.77	-0.85	0.69	-0.53	0.46	0.07	0.32		0.65	MRK
XOM	-0.61	-0.61	-0.59	0.75	-0.47	0.23	0.17	0.41	0.65		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.83	MSFT
XOM	+ 0.75	F
MRK	+ 0.69	F
MSFT	+ 0.66	META
XOM	+ 0.65	MRK
T	+ 0.57	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.77	MSFT
T	- 0.7	F
F	- 0.62	META
F	- 0.61	UBER
XOM	- 0.61	MSFT

YieldMax ARKK Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax ARKK 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 YieldMax ARKK'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	1.39	(0.24)	0.00	(0.19)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.90	(0.11)	0.00	(0.11)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.35)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.69	(1.65)	3.38	(2.63)	16.30
T	0.97	(0.24)	0.00	(0.75)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.07	0.06	0.13	1.31	(1.37)	2.34	(2.21)	11.03
CRM	1.54	0.06	0.03	0.13	1.97	(1.52)	3.66	(2.92)	9.91
JPM	1.05	0.00	0.01	0.07	1.40	(1.05)	2.00	(1.91)	7.02
MRK	1.45	0.40	0.28	0.53	1.08	(1.84)	4.85	(2.06)	11.45
XOM	0.94	0.06	0.01	0.33	0.99	(1.00)	1.96	(1.51)	4.99

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