YieldMax Short Correlations

YQQQ Etf

13.57 0.03 0.22%

The current 90-days correlation between YieldMax Short N100 and First Trust Dorsey is -0.67 (i.e., Excellent diversification). The correlation of YieldMax Short 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 Short Correlation With Market

Average diversification

The correlation between YieldMax Short N100 and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax Short N100 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YieldMax Short N100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with YieldMax Etf

0.72

Procter Gamble

Pair Corr

Moving against YieldMax Etf

0.97	DIVO	Amplify CWP Enhanced	Pair Corr
0.97	JEPQ	JPMorgan Nasdaq Equity Sell-off Trend	Pair Corr
0.94	XYLD	Global X SP	Pair Corr
0.92	TARK	AXS 2X Innovation	Pair Corr
0.91	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.9	BUYW	Main Buywrite ETF	Pair Corr
0.88	RYLD	Global X Russell	Pair Corr
0.87	IDME	International Drawdown Low Volatility	Pair Corr
0.83	KNG	FT Cboe Vest	Pair Corr
0.77	BITU	ProShares Trust	Pair Corr
0.77	BTCL	T Rex 2X Low Volatility	Pair Corr
0.76	BITX	Volatility Shares Trust Low Volatility	Pair Corr
0.73	BTFX	Valkyrie Bitcoin Futures	Pair Corr
0.61	SIXH	ETC 6 Meridian	Pair Corr
0.33	GDXU	MicroSectors Gold Miners	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.62	MRK	Merck Company	Pair Corr
0.61	MSFT	Microsoft Sell-off Trend	Pair Corr
0.58	BA	Boeing	Pair Corr
0.53	CSCO	Cisco Systems Earnings Call Today	Pair Corr
0.49	GE	GE Aerospace	Pair Corr
0.46	BAC	Bank of America	Pair Corr
0.39	AA	Alcoa Corp	Pair Corr
0.35	XOM	Exxon Mobil Corp	Pair Corr
0.33	MMM	3M Company	Pair Corr
0.31	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.92	0.36	0.65	0.43	0.62	-0.71	0.82	0.61	0.44	META
MSFT	0.92		0.43	0.73	0.33	0.58	-0.71	0.94	0.7	0.5	MSFT
UBER	0.36	0.43		0.78	0.07	0.53	0.02	0.55	0.45	0.42	UBER
F	0.65	0.73	0.78		0.23	0.64	-0.34	0.8	0.74	0.64	F
T	0.43	0.33	0.07	0.23		0.32	-0.32	0.32	0.39	0.11	T
A	0.62	0.58	0.53	0.64	0.32		-0.25	0.65	0.65	0.73	A
CRM	-0.71	-0.71	0.02	-0.34	-0.32	-0.25		-0.51	-0.44	-0.19	CRM
JPM	0.82	0.94	0.55	0.8	0.32	0.65	-0.51		0.74	0.57	JPM
MRK	0.61	0.7	0.45	0.74	0.39	0.65	-0.44	0.74		0.68	MRK
XOM	0.44	0.5	0.42	0.64	0.11	0.73	-0.19	0.57	0.68		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	+ 0.94	MSFT
MSFT	+ 0.92	META
JPM	+ 0.82	META
JPM	+ 0.8	F
F	+ 0.78	UBER
MRK	+ 0.74	F

High negative correlations

CRM	- 0.71	MSFT
CRM	- 0.71	META
JPM	- 0.51	CRM
MRK	- 0.44	CRM
CRM	- 0.34	F
CRM	- 0.32	T

YieldMax Short Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax Short 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 Short'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	1.45	0.29	0.23	0.37	0.96	(1.81)	3.51	(2.35)	14.28
MSFT	0.69	0.22	0.25	0.48	0.28	(0.82)	2.20	(1.08)	5.71
UBER	1.51	0.07	(0.01)	2.63	1.69	(1.75)	3.87	(3.36)	11.37
F	1.31	0.07	0.04	0.16	1.55	(1.31)	2.55	(2.36)	7.46
T	0.89	0.01	(0.07)	0.18	1.19	(0.89)	2.03	(2.13)	5.71
A	1.45	0.17	0.02	(0.44)	1.82	(1.47)	2.82	(2.74)	14.01
CRM	1.23	(0.40)	0.00	(0.19)	0.00	0.00	2.12	(3.26)	8.50
JPM	0.84	0.14	0.12	0.23	0.84	(0.93)	1.83	(1.51)	5.90
MRK	1.38	(0.08)	(0.03)	0.03	1.95	(1.28)	2.90	(3.31)	10.58
XOM	1.06	0.01	(0.05)	0.17	1.32	(1.07)	2.14	(2.07)	6.26

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