Innovator Correlations

BFEB Etf

USD 47.19 0.13 0.28%

The current 90-days correlation between Innovator SP 500 and Innovator SP 500 is 0.98 (i.e., Almost no diversification). The correlation of Innovator 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.

Innovator Correlation With Market

Very poor diversification

The correlation between Innovator SP 500 and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator SP 500 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovator Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovator 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 banks.

Moving together with Innovator Etf

0.91	INOV	Innovator ETFs Trust	Pair Corr
1.0	BUFR	First Trust Cboe	Pair Corr
1.0	BUFD	FT Cboe Vest	Pair Corr
0.99	PSEP	Innovator SP 500	Pair Corr
0.99	PJAN	Innovator SP 500	Pair Corr
0.95	PJUL	Innovator SP 500	Pair Corr
0.99	PAUG	Innovator Equity Power	Pair Corr
0.97	DNOV	FT Cboe Vest	Pair Corr
0.98	PMAY	Innovator SP 500	Pair Corr
0.82	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.88	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.88	GOP	Unusual Whales Subversive Symbol Change	Pair Corr
0.96	ISRCF	iShares V Public	Pair Corr
0.92	QQQ	Invesco QQQ Trust	Pair Corr
0.78	SLV	iShares Silver Trust	Pair Corr
0.94	EQTYX	WisdomTree Siegel Global	Pair Corr
0.94	ESGE	iShares ESG Aware	Pair Corr
0.96	RFDA	RiverFront Dynamic	Pair Corr
0.94	FEMR	Fidelity Covington Trust	Pair Corr
0.93	IGM	iShares Expanded Tech	Pair Corr
0.82	JNK	SPDR Bloomberg High	Pair Corr
0.63	VTIP	Vanguard Short Term Sell-off Trend	Pair Corr
0.94	BJUN	Innovator SP 500	Pair Corr
0.93	IYW	iShares Technology ETF	Pair Corr
0.88	PPI	Investment Managers	Pair Corr
0.76	AGMI	Themes Silver Miners	Pair Corr
0.84	ICLN	iShares Global Clean	Pair Corr
0.93	EMOP	AB Active ETFs,	Pair Corr
0.74	WIA	Western AssetClaymore	Pair Corr
1.0	BMAR	Innovator SP 500	Pair Corr
0.98	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.74	VEMY	Virtus ETF Trust	Pair Corr
0.9	CEMB	iShares JP Morgan	Pair Corr
0.82	EEMV	iShares MSCI Emerging	Pair Corr
0.84	BKLN	Invesco Senior Loan	Pair Corr
0.83	CNXT	VanEck ChiNext ETF	Pair Corr
0.89	IXSRF	IXSRF	Pair Corr

Moving against Innovator Etf

0.68

VIXY

ProShares VIX Short Low Volatility

Pair Corr

Related Correlations Analysis

	BDEC	BOCT	XDEC	UJUL	USEP	GOCT	BSEP	IAPR	UJUN	UMAR
BDEC		0.99	0.97	0.99	0.99	0.95	0.98	0.91	0.99	0.94	BDEC
BOCT	0.99		0.95	1.0	0.99	0.93	0.99	0.9	0.99	0.93	BOCT
XDEC	0.97	0.95		0.96	0.95	0.95	0.94	0.87	0.97	0.95	XDEC
UJUL	0.99	1.0	0.96		0.99	0.93	0.99	0.9	0.99	0.93	UJUL
USEP	0.99	0.99	0.95	0.99		0.93	0.99	0.9	0.99	0.93	USEP
GOCT	0.95	0.93	0.95	0.93	0.93		0.91	0.86	0.94	0.98	GOCT
BSEP	0.98	0.99	0.94	0.99	0.99	0.91		0.88	0.99	0.92	BSEP
IAPR	0.91	0.9	0.87	0.9	0.9	0.86	0.88		0.9	0.85	IAPR
UJUN	0.99	0.99	0.97	0.99	0.99	0.94	0.99	0.9		0.94	UJUN
UMAR	0.94	0.93	0.95	0.93	0.93	0.98	0.92	0.85	0.94		UMAR
	BDEC	BOCT	XDEC	UJUL	USEP	GOCT	BSEP	IAPR	UJUN	UMAR

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Innovator Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator 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 Innovator'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
BDEC	0.39	0.02	0.01	0.06	0.55	(0.40)	0.81	(0.87)	3.21
BOCT	0.33	0.02	0.01	0.06	0.48	(0.32)	0.70	(0.72)	2.99
XDEC	0.12	0.01	(0.06)	0.11	0.00	(0.13)	0.32	(0.25)	1.03
UJUL	0.18	0.00	(0.06)	0.05	0.23	(0.19)	0.56	(0.37)	1.56
USEP	0.21	0.01	(0.04)	0.06	0.24	(0.22)	0.50	(0.41)	1.66
GOCT	0.22	0.02	(0.02)	0.90	0.22	(0.25)	0.54	(0.49)	1.70
BSEP	0.32	0.02	0.01	0.06	0.39	(0.32)	0.72	(0.66)	2.88
IAPR	0.22	(0.01)	(0.11)	(0.01)	0.29	(0.22)	0.43	(0.53)	1.34
UJUN	0.14	0.00	(0.08)	0.05	0.17	(0.15)	0.38	(0.24)	1.51
UMAR	0.19	0.01	(0.07)	1.98	0.23	(0.20)	0.39	(0.36)	1.63

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