RBB Fund Correlations

TMFS Etf

USD 35.34 0.76 2.11%

The current 90-days correlation between RBB Fund and Innovator ETFs Trust is 0.69 (i.e., Poor diversification). The correlation of RBB Fund 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.

RBB Fund Correlation With Market

Poor diversification

The correlation between The RBB Fund and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The RBB Fund and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RBB Etf

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

Moving together with RBB Etf

0.85	VBK	Vanguard Small Cap	Pair Corr
0.79	IWO	iShares Russell 2000	Pair Corr
0.96	IJT	iShares SP Small	Pair Corr
0.96	SLYG	SPDR SP 600	Pair Corr
0.89	JKK	iShares Morningstar	Pair Corr
0.79	VTWG	Vanguard Russell 2000	Pair Corr
0.68	VRTGX	Vanguard Russell 2000	Pair Corr
0.96	VIOG	Vanguard SP Small	Pair Corr
0.91	ISCG	iShares Morningstar	Pair Corr
0.76	ITDD	iShares Trust	Pair Corr
0.8	CPST	Calamos ETF Trust	Pair Corr
0.92	ITWO	Proshares Russell 2000	Pair Corr
0.74	CPSU	Calamos SP 500	Pair Corr
0.83	SCJ	iShares MSCI Japan	Pair Corr
0.71	HEZU	iShares Currency Hedged	Pair Corr
0.71	PBJA	PGIM Rock ETF	Pair Corr
0.96	AVUV	Avantis Small Cap	Pair Corr
0.67	ZJAN	Innovator Equity Defined	Pair Corr
0.82	QULL	ETRACS 2x Leveraged	Pair Corr
0.93	SMLV	SPDR SSGA Small	Pair Corr
0.73	CPER	United States Copper	Pair Corr
0.82	QQJG	Invesco ESG NASDAQ	Pair Corr
0.67	SLX	VanEck Steel ETF	Pair Corr
0.75	FTBI	First Trust Exchange	Pair Corr
0.62	BATT	Amplify Lithium Battery	Pair Corr
0.78	CSD	Invesco SP Spin	Pair Corr
0.72	GBUG	Sprott Active Gold	Pair Corr
0.97	FSMD	Fidelity Small Mid	Pair Corr
0.79	TJUL	Innovator Etfs Trust	Pair Corr

Related Correlations Analysis

	IAUG	SPDV	BRHY	HIMZ	RSPC	FGM	RCGE	FDIV	DIG	QAT
IAUG		0.82	0.79	-0.37	0.3	0.88	0.96	0.84	0.12	0.0	IAUG
SPDV	0.82		0.68	-0.13	0.59	0.77	0.86	0.92	0.36	0.02	SPDV
BRHY	0.79	0.68		-0.72	-0.05	0.65	0.8	0.66	0.33	-0.33	BRHY
HIMZ	-0.37	-0.13	-0.72		0.62	-0.28	-0.36	-0.2	-0.24	0.49	HIMZ
RSPC	0.3	0.59	-0.05	0.62		0.35	0.35	0.5	0.04	0.45	RSPC
FGM	0.88	0.77	0.65	-0.28	0.35		0.8	0.81	0.23	0.09	FGM
RCGE	0.96	0.86	0.8	-0.36	0.35	0.8		0.87	0.05	-0.08	RCGE
FDIV	0.84	0.92	0.66	-0.2	0.5	0.81	0.87		0.22	-0.09	FDIV
DIG	0.12	0.36	0.33	-0.24	0.04	0.23	0.05	0.22		0.03	DIG
QAT	0.0	0.02	-0.33	0.49	0.45	0.09	-0.08	-0.09	0.03		QAT
	IAUG	SPDV	BRHY	HIMZ	RSPC	FGM	RCGE	FDIV	DIG	QAT

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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

RCGE	+ 0.96	IAUG
FDIV	+ 0.92	SPDV
FGM	+ 0.88	IAUG
FDIV	+ 0.87	RCGE
RCGE	+ 0.86	SPDV
FDIV	+ 0.84	IAUG

High negative correlations

HIMZ	- 0.72	BRHY
HIMZ	- 0.37	IAUG
RCGE	- 0.36	HIMZ
QAT	- 0.33	BRHY
FGM	- 0.28	HIMZ
DIG	- 0.24	HIMZ

RBB Fund Constituents Risk-Adjusted Indicators

There is a big difference between RBB Etf performing well and RBB Fund 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 RBB Fund'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
IAUG	0.30	0.00	(0.09)	0.09	0.33	(0.31)	0.58	(0.54)	1.54
SPDV	0.64	(0.05)	(0.06)	0.02	0.82	(0.61)	1.11	(1.07)	3.87
BRHY	0.15	0.00	(0.27)	0.07	0.12	(0.15)	0.34	(0.36)	0.81
HIMZ	6.59	(1.47)	0.00	(0.43)	0.00	0.00	12.38	(14.56)	63.93
RSPC	0.62	(0.07)	0.00	(0.03)	0.00	0.00	1.03	(1.32)	2.92
FGM	0.77	0.03	0.02	0.11	0.90	(0.75)	1.38	(1.72)	3.38
RCGE	0.51	0.01	(0.01)	0.09	0.55	(0.50)	0.86	(1.08)	2.50
FDIV	0.55	(0.01)	(0.05)	0.06	0.62	(0.62)	1.35	(1.06)	3.23
DIG	1.83	(0.12)	0.00	(0.07)	0.00	0.00	2.83	(3.67)	9.84
QAT	0.46	(0.08)	0.00	(0.11)	0.00	0.00	0.75	(1.55)	2.88

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