2x Long Correlations

UVIX Etf

USD 3.23 0.10 3.00%

The current 90-days correlation between 2x Long VIX and 1x Short VIX is -1.0 (i.e., Pay attention - limited upside). The correlation of 2x Long 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.

2x Long Correlation With Market

Excellent diversification

The correlation between 2x Long VIX and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 2x Long VIX and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 2x Long VIX. 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.

Moving together with UVIX Etf

0.64

PFE

Pfizer Inc Aggressive Push

Pair Corr

Moving against UVIX Etf

0.81	ETH	Grayscale Ethereum Mini	Pair Corr
0.79	DPST	Direxion Daily Regional	Pair Corr
0.77	CONL	GraniteShares ETF Trust	Pair Corr
0.74	BITX	Volatility Shares Trust	Pair Corr
0.72	UYG	ProShares Ultra Fina	Pair Corr
0.72	DAPP	VanEck Digital Trans	Pair Corr
0.71	CRPT	First Trust SkyBridge	Pair Corr
0.7	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.65	SSO	ProShares Ultra SP500	Pair Corr
0.65	SPXL	Direxion Daily SP500	Pair Corr
0.65	UPRO	ProShares UltraPro SP500	Pair Corr
0.65	FNGU	MicroSectors FANG Index	Pair Corr
0.64	EOS	Eaton Vance Enhanced	Pair Corr
0.61	QLD	ProShares Ultra QQQ	Pair Corr
0.56	GUSH	Direxion Daily SP Potential Growth	Pair Corr
0.5	TECL	Direxion Daily Technology	Pair Corr
0.42	NVDL	GraniteShares 15x Long	Pair Corr
0.42	NVDU	Direxion Daily NVDA	Pair Corr
0.41	NVDX	T Rex 2X	Pair Corr
0.71	BAC	Bank of America Aggressive Push	Pair Corr
0.7	DIS	Walt Disney Sell-off Trend	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.61	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.57	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.55	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.53	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.43	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.38	MSFT	Microsoft Aggressive Push	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.55	0.07	0.53	0.05	0.64	0.28	-0.53	0.73	META
MSFT	0.26		0.21	0.17	0.16	-0.01	0.03	-0.11	0.13	-0.2	MSFT
UBER	0.55	0.21		-0.06	-0.09	0.27	-0.03	-0.16	0.09	0.35	UBER
F	0.07	0.17	-0.06		0.28	-0.41	0.5	0.7	-0.37	0.32	F
T	0.53	0.16	-0.09	0.28		-0.5	0.81	0.64	-0.79	0.39	T
A	0.05	-0.01	0.27	-0.41	-0.5		-0.46	-0.6	0.63	0.0	A
CRM	0.64	0.03	-0.03	0.5	0.81	-0.46		0.86	-0.91	0.65	CRM
JPM	0.28	-0.11	-0.16	0.7	0.64	-0.6	0.86		-0.83	0.47	JPM
MRK	-0.53	0.13	0.09	-0.37	-0.79	0.63	-0.91	-0.83		-0.56	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.65	0.47	-0.56		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

JPM	+ 0.86	CRM
CRM	+ 0.81	T
XOM	+ 0.73	META
JPM	+ 0.7	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.79	T
JPM	- 0.6	A
XOM	- 0.56	MRK
MRK	- 0.53	META

2x Long Constituents Risk-Adjusted Indicators

There is a big difference between UVIX Etf performing well and 2x Long 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 2x Long'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	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
UBER	1.61	(0.11)	(0.04)	0.02	2.32	(1.70)	2.69	(2.53)	20.10
F	1.42	(0.15)	(0.04)	0.03	2.23	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.31	0.23	0.18	0.34	1.08	(1.53)	3.18	(1.91)	9.98
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

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