| QTAP Etf | | | USD 43.75 0.07 0.16% |
The current 90-days correlation between Innovator Growth 100 and Innovator Equity Accelerated is 0.58 (i.e., Very weak diversification). The correlation of Innovator Growth 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 Growth Correlation With Market
Very weak diversification
The correlation between Innovator Growth 100 Accelerat and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Growth 100 Accelerat and DJI in the same portfolio, assuming nothing else is changed.
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