Aptus Drawdown Correlations

ADME Etf

USD 51.97 0.05 0.1%

The current 90-days correlation between Aptus Drawdown Managed and Northern Lights is 0.24 (i.e., Modest 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

Very poor diversification

The correlation between Aptus Drawdown Managed and DJI is 0.8 (i.e., Very poor 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

0.71	ACIO	Aptus Collared Income	Pair Corr
0.65	SWAN	Amplify BlackSwan Growth	Pair Corr
0.66	MSTB	ETF Series Solutions	Pair Corr
0.64	HEGD	Swan Hedged Equity	Pair Corr
0.76	HEQT	Simplify Exchange Traded	Pair Corr
0.89	ITDD	iShares Trust	Pair Corr
0.69	CPST	Calamos ETF Trust	Pair Corr
0.7	ITWO	Proshares Russell 2000	Pair Corr
0.95	VONG	Vanguard Russell 1000	Pair Corr
0.88	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.64	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.72	QQH	HCM Defender 100	Pair Corr
0.92	VOO	Vanguard SP 500	Pair Corr
0.85	QULL	ETRACS 2x Leveraged	Pair Corr
0.64	GTR	WisdomTree Target Range	Pair Corr

Related Correlations Analysis

	MRSK	GMAY	DOCT	SEPW	JULW	PBP	TPLC	PSCT	VFMV	BJUL
MRSK		0.76	0.94	0.95	0.94	0.78	0.51	0.8	0.78	0.96	MRSK
GMAY	0.76		0.73	0.75	0.76	0.72	0.29	0.6	0.63	0.74	GMAY
DOCT	0.94	0.73		0.94	0.94	0.85	0.34	0.85	0.71	0.95	DOCT
SEPW	0.95	0.75	0.94		0.99	0.83	0.51	0.74	0.84	0.99	SEPW
JULW	0.94	0.76	0.94	0.99		0.87	0.46	0.73	0.84	0.98	JULW
PBP	0.78	0.72	0.85	0.83	0.87		0.05	0.65	0.67	0.8	PBP
TPLC	0.51	0.29	0.34	0.51	0.46	0.05		0.26	0.71	0.54	TPLC
PSCT	0.8	0.6	0.85	0.74	0.73	0.65	0.26		0.51	0.77	PSCT
VFMV	0.78	0.63	0.71	0.84	0.84	0.67	0.71	0.51		0.82	VFMV
BJUL	0.96	0.74	0.95	0.99	0.98	0.8	0.54	0.77	0.82		BJUL
	MRSK	GMAY	DOCT	SEPW	JULW	PBP	TPLC	PSCT	VFMV	BJUL

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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
MRSK	0.55	0.04	(0.01)	0.19	0.88	(0.50)	1.05	(1.37)	4.41
GMAY	0.20	0.00	(0.15)	0.09	0.21	(0.20)	0.44	(0.42)	1.18
DOCT	0.23	0.04	(0.10)	2.10	0.20	(0.24)	0.57	(0.50)	1.55
SEPW	0.23	0.02	(0.13)	(4.37)	0.28	(0.23)	0.44	(0.54)	1.47
JULW	0.18	0.02	(0.19)	(17.05)	0.17	(0.19)	0.37	(0.34)	1.10
PBP	0.26	0.09	0.02	(1.96)	0.00	(0.29)	0.81	(0.41)	1.76
TPLC	0.56	(0.01)	(0.10)	(0.20)	0.75	(0.56)	1.08	(1.13)	2.61
PSCT	1.60	0.18	0.03	(0.83)	2.33	(1.52)	3.66	(3.44)	10.71
VFMV	0.43	0.01	(0.10)	0.33	0.54	(0.41)	0.85	(0.85)	2.11
BJUL	0.33	0.04	(0.07)	9.66	0.42	(0.34)	0.65	(0.62)	1.95

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Aptus Drawdown Correlations

Aptus Drawdown Correlation With Market

Very poor diversification

Moving together with Aptus Etf

Related Correlations Analysis

Aptus Drawdown Constituents Risk-Adjusted Indicators

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