YieldMax Correlations

SDTY Etf

44.04 0.67 1.54%

The current 90-days correlation between YieldMax SP 500 and iShares Trust is 0.01 (i.e., Significant diversification). The correlation of YieldMax 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.

YieldMax Correlation With Market

Almost no diversification

The correlation between YieldMax SP 500 and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax SP 500 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in YieldMax SP 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in poverty.

Moving together with YieldMax Etf

0.9	JEPI	JPMorgan Equity Premium	Pair Corr
0.9	XYLD	Global X SP	Pair Corr
0.72	DIVO	Amplify CWP Enhanced	Pair Corr
0.93	RYLD	Global X Russell	Pair Corr
0.98	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.77	KNG	FT Cboe Vest Low Volatility	Pair Corr
0.9	BUYW	Main Buywrite ETF	Pair Corr
0.82	IDME	International Drawdown	Pair Corr
0.94	UPRO	ProShares UltraPro SP500	Pair Corr
0.91	QTJA	Innovator ETFs Trust	Pair Corr
0.96	QTOC	Innovator ETFs Trust	Pair Corr
0.99	XTOC	Innovator ETFs Trust	Pair Corr
0.94	QTAP	Innovator Growth 100	Pair Corr
0.93	XTJA	Innovator ETFs Trust	Pair Corr
0.93	XTAP	Innovator Equity Acc	Pair Corr
0.87	VBK	Vanguard Small Cap	Pair Corr
0.89	AHYB	American Century ETF	Pair Corr
0.73	RDIV	Invesco SP Ultra	Pair Corr
0.86	BINC	BlackRock ETF Trust	Pair Corr
0.91	OASC	OneAscent Small Cap	Pair Corr
0.79	BA	Boeing	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.62	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.71	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr

Moving against YieldMax Etf

0.58	HPQ	HP Inc	Pair Corr
0.5	MSFT	Microsoft	Pair Corr
0.42	MMM	3M Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.42	0.44	0.17	-0.59	0.03	0.31	0.43	0.45	META
MSFT	-0.41		0.75	-0.56	-0.27	0.52	0.62	0.04	-0.8	-0.83	MSFT
UBER	-0.42	0.75		-0.51	-0.08	0.63	0.26	-0.1	-0.77	-0.61	UBER
F	0.44	-0.56	-0.51		-0.18	-0.43	-0.1	0.38	0.71	0.65	F
T	0.17	-0.27	-0.08	-0.18		0.04	-0.58	-0.22	-0.01	0.2	T
A	-0.59	0.52	0.63	-0.43	0.04		0.14	-0.07	-0.47	-0.65	A
CRM	0.03	0.62	0.26	-0.1	-0.58	0.14		0.59	-0.29	-0.64	CRM
JPM	0.31	0.04	-0.1	0.38	-0.22	-0.07	0.59		0.25	-0.11	JPM
MRK	0.43	-0.8	-0.77	0.71	-0.01	-0.47	-0.29	0.25		0.72	MRK
XOM	0.45	-0.83	-0.61	0.65	0.2	-0.65	-0.64	-0.11	0.72		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	+ 0.75	MSFT
XOM	+ 0.72	MRK
MRK	+ 0.71	F
XOM	+ 0.65	F
A	+ 0.63	UBER
CRM	+ 0.62	MSFT

High negative correlations

XOM	- 0.83	MSFT
MRK	- 0.8	MSFT
MRK	- 0.77	UBER
XOM	- 0.65	A
XOM	- 0.64	CRM
XOM	- 0.61	UBER

YieldMax Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax 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'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	1.55	0.02	(0.01)	(0.47)	1.62	(1.79)	3.43	(2.72)	13.36
MSFT	1.23	(0.34)	0.00	1.81	0.00	0.00	1.78	(2.70)	13.28
UBER	1.60	(0.39)	0.00	(0.56)	0.00	0.00	2.46	(5.06)	11.09
F	1.22	0.10	0.05	0.85	1.20	(1.45)	3.38	(2.35)	7.16
T	0.94	0.16	0.13	0.84	0.84	(1.06)	2.02	(1.54)	4.31
A	1.22	(0.23)	0.00	(0.13)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.64	(0.36)	0.00	3.41	0.00	0.00	2.94	(5.31)	12.37
JPM	1.12	0.05	0.01	(0.31)	1.63	(1.14)	2.18	(3.11)	7.38
MRK	1.32	0.48	0.32	0.86	1.07	(1.63)	3.59	(1.98)	8.09
XOM	1.15	0.38	0.28	0.71	0.92	(1.37)	2.69	(2.11)	5.85

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