YieldMax Correlations

SDTY Etf

45.17 0.06 0.13%

The current 90-days correlation between YieldMax SP 500 and FT Vest Equity is -0.38 (i.e., Very good diversification). The correlation of YieldMax 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.

YieldMax Correlation With Market

Very good diversification

The correlation between YieldMax SP 500 and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax SP 500 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in YieldMax 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 housing.

Moving together with YieldMax Etf

0.95	XYLD	Global X SP	Pair Corr
0.97	DIVO	Amplify CWP Enhanced	Pair Corr
0.88	RYLD	Global X Russell	Pair Corr
0.97	JEPQ	JPMorgan Nasdaq Equity Sell-off Trend	Pair Corr
0.71	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.7	SIXH	ETC 6 Meridian	Pair Corr
0.67	BUYW	Main Buywrite ETF	Pair Corr
0.96	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.61	AMPD	Tidal ETF Services	Pair Corr
0.88	PMBS	PIMCO Mortgage Backed	Pair Corr
0.94	ITWO	Proshares Russell 2000	Pair Corr
0.92	CVX	Chevron Corp	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.95	CAT	Caterpillar	Pair Corr
0.93	JPM	JPMorgan Chase	Pair Corr
0.78	MRK	Merck Company	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.93	MSFT	Microsoft	Pair Corr
0.79	PFE	Pfizer Inc	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr

Moving against YieldMax Etf

0.53	KO	Coca Cola	Pair Corr
0.77	PG	Procter Gamble	Pair Corr
0.35	IBM	International Business	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.89	0.52	0.67	0.56	0.48	-0.75	0.76	0.59	0.31	META
MSFT	0.89		0.53	0.72	0.32	0.41	-0.65	0.91	0.63	0.42	MSFT
UBER	0.52	0.53		0.85	0.47	0.55	-0.19	0.66	0.68	0.4	UBER
F	0.67	0.72	0.85		0.51	0.63	-0.44	0.81	0.84	0.57	F
T	0.56	0.32	0.47	0.51		0.57	-0.44	0.38	0.63	0.21	T
A	0.48	0.41	0.55	0.63	0.57		-0.11	0.54	0.75	0.67	A
CRM	-0.75	-0.65	-0.19	-0.44	-0.44	-0.11		-0.44	-0.4	-0.06	CRM
JPM	0.76	0.91	0.66	0.81	0.38	0.54	-0.44		0.73	0.52	JPM
MRK	0.59	0.63	0.68	0.84	0.63	0.75	-0.4	0.73		0.64	MRK
XOM	0.31	0.42	0.4	0.57	0.21	0.67	-0.06	0.52	0.64		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

JPM	+ 0.91	MSFT
MSFT	+ 0.89	META
F	+ 0.85	UBER
MRK	+ 0.84	F
JPM	+ 0.81	F
JPM	+ 0.76	META

High negative correlations

CRM	- 0.75	META
CRM	- 0.65	MSFT
JPM	- 0.44	CRM
CRM	- 0.44	T
CRM	- 0.44	F
MRK	- 0.4	CRM

YieldMax Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax 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 YieldMax'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	1.39	0.17	0.12	0.30	1.12	(1.70)	3.16	(2.27)	14.28
MSFT	0.71	0.11	0.06	0.35	0.60	(0.81)	1.80	(1.42)	5.71
UBER	1.37	0.04	0.00	0.18	1.57	(1.49)	2.72	(2.02)	11.37
F	1.28	0.08	0.06	0.18	1.45	(1.32)	2.55	(2.36)	7.46
T	0.76	0.02	(0.05)	0.15	0.98	(0.75)	1.63	(1.96)	5.41
A	1.38	(0.04)	0.02	0.09	1.64	(1.45)	2.82	(2.46)	9.19
CRM	1.23	(0.34)	0.00	(0.15)	0.00	0.00	2.32	(3.26)	6.27
JPM	0.81	0.08	0.07	0.19	0.82	(0.91)	1.78	(1.36)	5.19
MRK	1.16	0.07	0.04	0.19	1.42	(1.12)	2.90	(2.36)	7.79
XOM	0.99	0.12	0.01	1.31	1.23	(0.99)	2.14	(2.07)	6.25

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