Tidal Trust Correlations

DIPS Etf

6.76 0.05 0.75%

The current 90-days correlation between Tidal Trust II and Franklin Templeton ETF is -0.42 (i.e., Very good diversification). The correlation of Tidal Trust 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.

Tidal Trust Correlation With Market

Very good diversification

The correlation between Tidal Trust II and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tidal Trust II and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tidal Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Tidal Trust II. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Tidal Etf

0.65

MCD

McDonalds

Pair Corr

Moving against Tidal Etf

0.99	VUG	Vanguard Growth Index	Pair Corr
0.99	HBTA	Horizon Funds	Pair Corr
0.99	BUFD	FT Cboe Vest	Pair Corr
0.98	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.98	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.98	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.98	XOVR	ERShares Private Public Symbol Change	Pair Corr
0.97	VO	Vanguard Mid Cap	Pair Corr
0.96	VB	Vanguard Small Cap	Pair Corr
0.96	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.96	BCHP	EGSHARES BLUE CHIP	Pair Corr
0.95	VTV	Vanguard Value Index	Pair Corr
0.94	VEA	Vanguard FTSE Developed	Pair Corr
0.89	FDV	First Trust Capital	Pair Corr
0.88	GAICX	GATEWAY INTERNATIONAL	Pair Corr
0.88	AAIAX	AMERICAN BEACON INTE	Pair Corr
0.86	TRSY	Xtrackers 0 1	Pair Corr
0.63	EUSB	iShares Trust	Pair Corr
0.53	BND	Vanguard Total Bond	Pair Corr
0.97	MSFT	Microsoft	Pair Corr
0.97	CSCO	Cisco Systems	Pair Corr
0.96	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.96	CAT	Caterpillar	Pair Corr
0.96	BAC	Bank of America	Pair Corr
0.94	AXP	American Express	Pair Corr
0.93	BA	Boeing	Pair Corr
0.91	MMM	3M Company	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.88	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.85	DD	Dupont De Nemours	Pair Corr
0.82	KGRN	KraneShares MSCI China	Pair Corr
0.79	CVX	Chevron Corp	Pair Corr
0.71	INTC	Intel Earnings Call This Week	Pair Corr
0.51	HD	Home Depot	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.56	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.72	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.72	0.22	0.67	-0.11	0.64	0.55		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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.11	CRM

Tidal Trust Competition Risk-Adjusted Indicators

There is a big difference between Tidal Etf performing well and Tidal Trust 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 Tidal Trust'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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

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