Aptus Drawdown Correlations

ADME Etf

USD 49.65 0.18 0.36%

The current 90-days correlation between Aptus Drawdown Managed and Aptus Collared Income is 0.97 (i.e., Almost no diversification). The correlation of Aptus Drawdown 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.

Aptus Drawdown Correlation With Market

Good diversification

The correlation between Aptus Drawdown Managed and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptus Drawdown Managed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aptus Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aptus Drawdown Managed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Aptus Etf

0.99	ACIO	Aptus Collared Income	Pair Corr
0.97	SWAN	Amplify BlackSwan Growth	Pair Corr
0.99	PHDG	Invesco SP 500	Pair Corr
0.98	MSTB	ETF Series Solutions	Pair Corr
1.0	HEGD	Swan Hedged Equity	Pair Corr
0.88	VAMO	Cambria Value	Pair Corr
0.98	HEQT	Simplify Exchange Traded	Pair Corr
0.97	GTR	WisdomTree Target Range	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.77	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.65	MMM	3M Company Sell-off Trend	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.76	BA	Boeing	Pair Corr

Moving against Aptus Etf

0.47

CCOR

Core Alternative ETF

Pair Corr

Related Correlations Analysis

	ACIO	DRSK	AESR	OSCV	AFIF
ACIO		0.88	0.98	0.92	0.93	ACIO
DRSK	0.88		0.85	0.78	0.83	DRSK
AESR	0.98	0.85		0.88	0.93	AESR
OSCV	0.92	0.78	0.88		0.85	OSCV
AFIF	0.93	0.83	0.93	0.85		AFIF
	ACIO	DRSK	AESR	OSCV	AFIF

Aptus Drawdown Constituents Risk-Adjusted Indicators

There is a big difference between Aptus Etf performing well and Aptus Drawdown 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 Aptus Drawdown'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
ACIO	0.34	0.08	(0.06)	(0.59)	0.23	(0.41)	0.79	(0.59)	1.89
DRSK	0.42	0.05	(0.10)	(0.28)	0.47	(0.46)	0.95	(0.66)	3.43
AESR	0.58	0.16	0.06	(0.43)	0.45	(0.70)	1.60	(0.92)	3.81
OSCV	0.66	0.13	0.02	(0.52)	0.63	(0.77)	1.37	(1.16)	3.48
AFIF	0.11	0.02	(0.43)	(0.41)	0.00	(0.17)	0.22	(0.22)	0.64

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