Invesco BulletShares Correlations

BSMP Etf

USD 24.53 0.02 0.08%

The current 90-days correlation between Invesco BulletShares 2025 and Invesco BulletShares 2026 is 0.14 (i.e., Average diversification). The correlation of Invesco BulletShares 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.

Invesco BulletShares Correlation With Market

Significant diversification

The correlation between Invesco BulletShares 2025 and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco BulletShares 2025 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Invesco Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Invesco BulletShares 2025. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Invesco Etf

0.92	IBMN	iShares iBonds Dec	Pair Corr
0.93	IBMO	iShares iBonds Dec	Pair Corr
0.93	IBMP	iShares iBonds Dec	Pair Corr
0.94	IBMQ	iShares Trust	Pair Corr
0.9	BSMQ	Invesco BulletShares 2026	Pair Corr
0.67	SWP	SWP Growth Income	Pair Corr
0.66	DUKH	Ocean Park High	Pair Corr
0.67	WINN	Harbor Long Term	Pair Corr
0.89	EEMX	SPDR MSCI Emerging	Pair Corr
0.88	ITDI	iShares Trust	Pair Corr
0.88	RFDA	RiverFront Dynamic	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.66	MSFT	Microsoft	Pair Corr

Moving against Invesco Etf

0.63	FNGD	MicroSectors FANG Index	Pair Corr
0.72	PG	Procter Gamble	Pair Corr
0.43	KO	Coca Cola	Pair Corr
0.34	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.91	0.36	0.63	0.6	0.51	-0.79	0.77	0.63	0.3	META
MSFT	0.91		0.41	0.71	0.41	0.46	-0.72	0.92	0.72	0.41	MSFT
UBER	0.36	0.41		0.79	0.24	0.46	0.01	0.55	0.46	0.35	UBER
F	0.63	0.71	0.79		0.34	0.61	-0.37	0.79	0.76	0.57	F
T	0.6	0.41	0.24	0.34		0.5	-0.46	0.37	0.47	0.04	T
A	0.51	0.46	0.46	0.61	0.5		-0.18	0.56	0.78	0.66	A
CRM	-0.79	-0.72	0.01	-0.37	-0.46	-0.18		-0.49	-0.47	-0.07	CRM
JPM	0.77	0.92	0.55	0.79	0.37	0.56	-0.49		0.75	0.51	JPM
MRK	0.63	0.72	0.46	0.76	0.47	0.78	-0.47	0.75		0.61	MRK
XOM	0.3	0.41	0.35	0.57	0.04	0.66	-0.07	0.51	0.61		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.92	MSFT
MSFT	+ 0.91	META
F	+ 0.79	UBER
JPM	+ 0.79	F
MRK	+ 0.78	A
JPM	+ 0.77	META

High negative correlations

CRM	- 0.79	META
CRM	- 0.72	MSFT
JPM	- 0.49	CRM
MRK	- 0.47	CRM
CRM	- 0.46	T
CRM	- 0.37	F

Invesco BulletShares Competition Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco BulletShares 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 Invesco BulletShares' 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	1.36	0.17	0.11	0.33	1.14	(1.63)	3.16	(2.35)	14.28
MSFT	0.69	0.15	0.13	0.40	0.54	(0.79)	1.80	(1.22)	5.71
UBER	1.35	0.00	(0.02)	0.09	1.65	(1.47)	2.44	(3.36)	11.37
F	1.24	0.03	0.02	0.12	1.51	(1.25)	2.13	(2.36)	7.46
T	0.80	0.11	0.05	0.40	0.80	(0.86)	2.03	(1.43)	5.71
A	1.32	(0.05)	0.00	0.06	1.73	(1.31)	2.80	(2.60)	9.19
CRM	1.24	(0.38)	0.00	(0.20)	0.00	0.00	2.32	(3.26)	6.27
JPM	0.82	0.05	0.05	0.15	0.95	(0.85)	1.78	(1.51)	5.19
MRK	1.16	0.14	0.08	0.24	1.36	(1.14)	2.90	(1.91)	7.79
XOM	1.01	(0.01)	(0.07)	0.01	1.34	(1.00)	2.14	(2.07)	6.25

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC