Innovator MSCI Correlations

IAPR Etf

USD 29.70 0.22 0.74%

The current 90-days correlation between Innovator MSCI EAFE and Innovator MSCI EAFE is 0.94 (i.e., Almost no diversification). The correlation of Innovator MSCI 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.

Innovator MSCI Correlation With Market

Poor diversification

The correlation between Innovator MSCI EAFE and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovator Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovator MSCI EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Innovator Etf

0.94	INOV	Innovator ETFs Trust	Pair Corr
0.9	BUFR	First Trust Cboe	Pair Corr
0.89	BUFD	FT Cboe Vest	Pair Corr
0.89	PSEP	Innovator SP 500	Pair Corr
0.87	PJAN	Innovator SP 500	Pair Corr
0.89	PJUL	Innovator SP 500	Pair Corr
0.89	PAUG	Innovator Equity Power	Pair Corr
0.82	DNOV	FT Cboe Vest	Pair Corr
0.89	PMAY	Innovator SP 500	Pair Corr
0.72	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.73	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.86	GOP	Unusual Whales Subversive Symbol Change	Pair Corr
0.78	ISRCF	iShares V Public	Pair Corr
0.87	QQQ	Invesco QQQ Trust	Pair Corr
0.68	SLV	iShares Silver Trust	Pair Corr
0.94	EQTYX	WisdomTree Siegel Global	Pair Corr
0.89	ESGE	iShares ESG Aware	Pair Corr
0.76	RFDA	RiverFront Dynamic	Pair Corr
0.85	FEMR	Fidelity Covington Trust	Pair Corr
0.85	IGM	iShares Expanded Tech	Pair Corr
0.71	JNK	SPDR Bloomberg High Sell-off Trend	Pair Corr
0.89	BJUN	Innovator SP 500	Pair Corr
0.86	IYW	iShares Technology ETF	Pair Corr
0.82	PPI	Investment Managers	Pair Corr
0.66	AGMI	Themes Silver Miners Downward Rally	Pair Corr
0.79	ICLN	iShares Global Clean	Pair Corr
0.9	EMOP	AB Active ETFs,	Pair Corr
0.66	WIA	Western AssetClaymore	Pair Corr
0.82	BMAR	Innovator SP 500	Pair Corr
0.81	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.76	CEMB	iShares JP Morgan	Pair Corr
0.86	EEMV	iShares MSCI Emerging	Pair Corr
0.65	BKLN	Invesco Senior Loan Sell-off Trend	Pair Corr
0.62	CNXT	VanEck ChiNext ETF	Pair Corr
0.71	IXSRF	IXSRF	Pair Corr

Moving against Innovator Etf

0.52

VIXY

ProShares VIX Short Buyout Trend

Pair Corr

Related Correlations Analysis

	IJUL	BOCT	USEP	UJUL	BSEP	BDEC	GNOV	BFEB	XDEC	GAPR
IJUL		0.82	0.82	0.82	0.81	0.82	0.67	0.81	0.7	0.76	IJUL
BOCT	0.82		0.99	0.99	0.99	0.99	0.91	0.99	0.93	0.97	BOCT
USEP	0.82	0.99		0.99	0.99	0.98	0.91	0.99	0.93	0.97	USEP
UJUL	0.82	0.99	0.99		0.99	0.99	0.92	1.0	0.94	0.97	UJUL
BSEP	0.81	0.99	0.99	0.99		0.98	0.9	0.99	0.92	0.96	BSEP
BDEC	0.82	0.99	0.98	0.99	0.98		0.94	1.0	0.96	0.98	BDEC
GNOV	0.67	0.91	0.91	0.92	0.9	0.94		0.94	0.99	0.98	GNOV
BFEB	0.81	0.99	0.99	1.0	0.99	1.0	0.94		0.96	0.98	BFEB
XDEC	0.7	0.93	0.93	0.94	0.92	0.96	0.99	0.96		0.99	XDEC
GAPR	0.76	0.97	0.97	0.97	0.96	0.98	0.98	0.98	0.99		GAPR
	IJUL	BOCT	USEP	UJUL	BSEP	BDEC	GNOV	BFEB	XDEC	GAPR

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Innovator MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator MSCI 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 MSCI'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
IJUL	0.32	(0.03)	0.00	(0.05)	0.00	0.00	0.50	(0.67)	1.96
BOCT	0.35	0.01	0.00	0.03	0.58	(0.32)	0.70	(0.76)	2.99
USEP	0.22	0.00	(0.02)	0.03	0.30	(0.22)	0.50	(0.49)	1.66
UJUL	0.19	0.00	(0.04)	0.02	0.26	(0.19)	0.56	(0.39)	1.56
BSEP	0.33	0.01	0.00	0.04	0.45	(0.32)	0.72	(0.68)	2.88
BDEC	0.42	0.01	0.00	0.03	0.63	(0.40)	0.81	(1.01)	3.21
GNOV	0.19	0.03	0.06	0.12	0.15	(0.22)	0.49	(0.42)	1.67
BFEB	0.34	0.01	0.00	0.04	0.49	(0.33)	0.70	(0.71)	2.66
XDEC	0.13	0.01	(0.02)	0.08	0.08	(0.13)	0.32	(0.27)	1.03
GAPR	0.11	0.00	(0.08)	0.03	0.08	(0.12)	0.30	(0.30)	0.79

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