Spinnaker ETF Correlations

OGSP ETF

10.01 0.02 0.20%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. The current 90-days correlation between Spinnaker ETF Series and ProShares Ultra MSCI is 0.19 (i.e., Good diversification).

Market Correlation - Spinnaker ETF

Moderate diversification

Spinnaker ETF currently posts a 0.38 correlation with Dow Jones, indicating a Moderate diversification relationship for the active sample. The overlap area shows the portion of risk diversified away by holding both instruments together.

Diversification effectiveness depends on the interaction between holdings, not just their individual profiles. Allocation context can improve visibility into portfolio balance. Historical return correlation between positions is a key input for construction decisions. Broader economic conditions can influence Spinnaker ETF Series's ETF valuation - related indicators include signals in american community survey.

Moving Together With Spinnaker ETF ETF

0.78	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.74	JANZ	Listed Funds Trust	Pair Corr
0.69	EMC	Global X Emerging	Pair Corr
0.74	PFRL	PGIM Floating Rate	Pair Corr
0.82	SPBW	AllianzIM Buffer20 Allocation	Pair Corr
0.76	HUTG	Leverage Shares 2X Trending	Pair Corr
0.8	TDAX	Etf Opportunities Trust Low Volatility	Pair Corr
0.79	ITWO	ProShares Russell 2000	Pair Corr
0.87	OVT	Listed Funds Trust	Pair Corr
0.8	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.77	ARMW	Roundhill ARM WeeklyPay	Pair Corr
0.72	BITC	Bitwise Trendwise Bitcoin	Pair Corr
0.77	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.66	BITO	ProShares Bitcoin Strategy	Pair Corr
0.78	EMM	Global X Emerging	Pair Corr
0.75	TTXU	Direxion Daily Technology	Pair Corr
0.83	EBUF	Innovator Emerging Markets	Pair Corr
0.77	SIXD	AllianzIM Equity 6	Pair Corr
0.86	TCAI	Tortoise AI Infrastructure	Pair Corr
0.71	NOVZ	Listed Funds Trust	Pair Corr
0.83	JUNW	AllianzIM Equity Buffer20	Pair Corr

Moving Differently From Spinnaker ETF ETF

0.54

MDBX

Tradr 2X Long

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.78	0.5	0.64	-0.34	0.59	0.13	0.56	-0.1	-0.87	META
MSFT	0.78		0.65	0.31	-0.53	0.31	0.2	0.52	-0.53	-0.74	MSFT
UBER	0.5	0.65		0.02	-0.37	0.06	0.31	0.25	-0.41	-0.45	UBER
F	0.64	0.31	0.02		0.09	0.85	0.13	0.46	0.36	-0.68	F
T	-0.34	-0.53	-0.37	0.09		0.0	0.44	-0.6	0.36	0.46	T
A	0.59	0.31	0.06	0.85	0.0		0.12	0.6	0.27	-0.65	A
CRM	0.13	0.2	0.31	0.13	0.44	0.12		-0.4	-0.13	-0.1	CRM
JPM	0.56	0.52	0.25	0.46	-0.6	0.6	-0.4		-0.07	-0.6	JPM
MRK	-0.1	-0.53	-0.41	0.36	0.36	0.27	-0.13	-0.07		0.08	MRK
XOM	-0.87	-0.74	-0.45	-0.68	0.46	-0.65	-0.1	-0.6	0.08		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

A	+ 0.85	F
MSFT	+ 0.78	META
UBER	+ 0.65	MSFT
F	+ 0.64	META
JPM	+ 0.6	A
A	+ 0.59	META

High negative correlations

XOM	- 0.87	META
XOM	- 0.74	MSFT
XOM	- 0.68	F
XOM	- 0.65	A
XOM	- 0.6	JPM
JPM	- 0.6	T

Spinnaker ETF Competition Risk-Adjusted Indicators

Strong recent returns in Spinnaker ETF ETF do not always mean Spinnaker ETF ETF is outperforming peers on business quality. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.73	-0.15	0.00	-0.47	0.00	0.00	2.61	-3.83	15.22
MSFT	1.35	0.04	0.03	-0.38	1.74	-1.49	3.11	-3.21	8.57
UBER	1.72	-0.01	0.00	0.09	2.20	-1.67	3.61	-3.46	8.83
F	1.53	-0.15	0.00	0.70	0.00	0.00	4.11	-3.20	9.26
T	1.16	-0.10	0.00	0.33	0.00	0.00	2.34	-2.60	7.75
A	1.41	-0.15	0.00	-1.40	0.00	0.00	2.67	-3.11	8.08
CRM	2.07	-0.05	0.00	0.30	0.00	0.00	4.07	-4.37	13.46
JPM	1.12	-0.03	0.00	3.09	0.00	0.00	2.16	-2.63	8.16
MRK	1.18	0.02	0.01	-0.21	1.57	-1.21	2.73	-2.58	7.67
XOM	1.42	0.05	0.02	0.87	2.04	-1.36	2.68	-3.65	8.59