Simplify Exchange Correlations

CDX Etf

USD 21.57 -0.03 -0.14%

Current 90-days correlation between Simplify Exchange Traded and Invesco SAMPP Emerging is 0.52 (i.e., Weak diversification).Investors use its correlation structure to evaluate hedging opportunities and diversification potential.

Correlation With Market: Simplify Exchange

Poor diversification

The correlation between Simplify Exchange and Dow Jones is 0.73, which Macroaxis classifies as Poor diversification for the selected horizon. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding Simplify Exchange alone.

Build portfolio with Simplify Etf

Use Trending Equities to explore diversified allocation structure. All values are presented as reference data. Simplify Exchange Traded can be evaluated within a portfolio framework for weight and risk impact. Drawdown analysis shows how each position affects portfolio volatility. Broader economic conditions can influence Simplify Exchange Traded's etf valuation — related indicators include signals in unemployment.

Moving together with Simplify Etf

0.72	HYG	iShares iBoxx High	Pair Corr
0.71	USHY	iShares Broad USD	Pair Corr
0.72	JNK	SPDR Bloomberg High	Pair Corr
0.76	SHYG	iShares 0 5	Pair Corr
0.76	SJNK	SPDR Bloomberg Short	Pair Corr
0.67	ANGL	VanEck Fallen Angel	Pair Corr
0.7	FALN	iShares Fallen Angels	Pair Corr
0.83	HYLS	First Trust Tactical	Pair Corr
0.66	HYDW	Xtrackers Low Beta	Pair Corr
0.67	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.64	MDBX	Tradr 2X Long Downward Rally	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.71	BA	Boeing	Pair Corr

Moving against Simplify Etf

0.56	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.53	T	ATT Inc Sell-off Trend	Pair Corr
0.39	PFE	Pfizer Inc	Pair Corr
0.36	JNJ	Johnson Johnson	Pair Corr
0.32	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	QVAL	VIDI	CCNR	IPKW	GVAL	AMZA	IDOG	EWJV	SFLO	EELV
QVAL		0.92	0.83	0.86	0.88	0.62	0.89	0.95	0.53	0.89	QVAL
VIDI	0.92		0.89	0.9	0.95	0.64	0.93	0.92	0.42	0.96	VIDI
CCNR	0.83	0.89		0.65	0.74	0.9	0.92	0.77	0.34	0.75	CCNR
IPKW	0.86	0.9	0.65		0.96	0.33	0.79	0.9	0.42	0.96	IPKW
GVAL	0.88	0.95	0.74	0.96		0.4	0.8	0.88	0.41	0.99	GVAL
AMZA	0.62	0.64	0.9	0.33	0.4		0.8	0.55	0.19	0.44	AMZA
IDOG	0.89	0.93	0.92	0.79	0.8	0.8		0.88	0.32	0.84	IDOG
EWJV	0.95	0.92	0.77	0.9	0.88	0.55	0.88		0.38	0.92	EWJV
SFLO	0.53	0.42	0.34	0.42	0.41	0.19	0.32	0.38		0.4	SFLO
EELV	0.89	0.96	0.75	0.96	0.99	0.44	0.84	0.92	0.4		EELV
	QVAL	VIDI	CCNR	IPKW	GVAL	AMZA	IDOG	EWJV	SFLO	EELV

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Simplify Exchange Constituents Risk-Adjusted Indicators

Simplify Exchange ETF can look attractive on recent price action while risk efficiency lags the peer group. Reviewing Simplify Exchange's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QVAL	0.67	0.13	0.18	0.11	0.69	-0.71	1.56	-1.22	3.88
VIDI	0.78	0.16	0.12	0.13	1.21	-0.73	1.78	-1.84	5.40
CCNR	0.97	0.37	0.22	0.40	1.22	-0.99	2.04	-2.37	6.23
IPKW	0.79	0.09	0.08	0.05	1.18	-0.74	1.55	-1.78	5.96
GVAL	0.88	0.14	0.10	0.11	1.35	-0.81	1.67	-2.45	5.26
AMZA	0.88	0.31	0.30	1.14	0.73	-0.97	2.23	-1.86	5.30
IDOG	0.74	0.15	0.16	0.17	0.97	-0.75	1.49	-1.36	4.81
EWJV	0.98	0.16	0.11	0.11	1.31	-1.07	1.99	-2.48	7.43
SFLO	0.74	0.07	0.08	0.02	0.90	-0.81	1.63	-1.49	5.84
EELV	0.63	0.09	0.11	0.08	0.87	-0.64	1.45	-1.72	3.73

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Simplify Exchange Correlations

Correlation With Market: Simplify Exchange

Moving together with Simplify Etf

Moving against Simplify Etf

Related Correlations Analysis

Simplify Exchange Constituents Risk-Adjusted Indicators

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