Innovator Correlations

PSEP Etf

USD 39.03 0.01 0.03%

The current 90-days correlation between Innovator SP 500 and FT Vest Equity is 0.58 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Innovator Correlation With Market

Very poor diversification

The correlation between Innovator SP 500 and DJI is 0.82 (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.

Check out Your Equity Center 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 income.

Moving together with Innovator Etf

0.99	BUFR	First Trust Cboe	Pair Corr
0.99	BUFD	FT Cboe Vest	Pair Corr
0.98	PJAN	Innovator SP 500	Pair Corr
0.99	PJUL	Innovator SP 500	Pair Corr
0.99	PAUG	Innovator Equity Power	Pair Corr
0.94	DNOV	FT Cboe Vest	Pair Corr
0.99	PMAY	Innovator SP 500	Pair Corr
0.99	PJUN	Innovator SP 500	Pair Corr
0.86	NVDL	GraniteShares 15x Long	Pair Corr
0.86	NVDX	T Rex 2X	Pair Corr
0.86	NVDU	Direxion Daily NVDA	Pair Corr
0.69	CONL	GraniteShares ETF Trust Trending	Pair Corr
0.77	BITX	Volatility Shares Trust Low Volatility	Pair Corr
0.88	CRPT	First Trust SkyBridge	Pair Corr
0.87	DAPP	VanEck Digital Trans	Pair Corr
0.85	USD	ProShares Ultra Semi	Pair Corr
0.87	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.68	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.84	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.71	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.69	T	ATT Inc Aggressive Push	Pair Corr
0.91	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.85	HPQ	HP Inc	Pair Corr

Moving against Innovator Etf

0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.71	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.55	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		0.15	0.23	-0.11	-0.06	-0.03	-0.04	-0.02	0.01	DHDG
MBCC	0.15		-0.35	0.91	0.68	0.95	0.95	-0.87	0.94	MBCC
DIHP	0.23	-0.35		-0.58	0.03	-0.48	-0.5	0.45	-0.52	DIHP
DJAN	-0.11	0.91	-0.58		0.55	0.99	0.99	-0.9	0.98	DJAN
MDLV	-0.06	0.68	0.03	0.55		0.62	0.61	-0.52	0.56	MDLV
DJUL	-0.03	0.95	-0.48	0.99	0.62		1.0	-0.92	0.99	DJUL
DJUN	-0.04	0.95	-0.5	0.99	0.61	1.0		-0.93	1.0	DJUN
SH	-0.02	-0.87	0.45	-0.9	-0.52	-0.92	-0.93		-0.93	SH
VV	0.01	0.94	-0.52	0.98	0.56	0.99	1.0	-0.93		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

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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

DJUN	+ 1.0	DJUL
VV	+ 1.0	DJUN
DJUL	+ 0.99	DJAN
DJUN	+ 0.99	DJAN
VV	+ 0.99	DJUL
VV	+ 0.98	DJAN

High negative correlations

VV	- 0.93	SH
SH	- 0.93	DJUN
SH	- 0.92	DJUL
SH	- 0.9	DJAN
SH	- 0.87	MBCC
DJAN	- 0.58	DIHP

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
DHDG	0.29	0.01	(0.11)	0.13	0.34	(0.29)	0.53	(0.68)	2.01
MBCC	0.54	0.00	(0.04)	0.08	0.65	(0.55)	1.12	(1.07)	3.36
DIHP	0.65	(0.14)	0.00	(0.19)	0.00	0.00	1.61	(1.53)	3.83
DJAN	0.18	0.01	(0.17)	0.11	0.19	(0.19)	0.48	(0.34)	1.36
MDLV	0.41	0.01	(0.09)	0.11	0.40	(0.45)	0.79	(0.80)	2.04
DJUL	0.30	0.00	(0.09)	0.09	0.34	(0.34)	0.73	(0.65)	2.11
DJUN	0.30	0.01	(0.09)	0.10	0.34	(0.33)	0.68	(0.67)	2.00
SH	0.57	(0.07)	0.00	(1.24)	0.00	0.00	1.37	(1.13)	4.64
VV	0.58	0.01	0.00	0.10	0.71	(0.60)	1.19	(1.27)	3.79

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