Innovator MSCI Correlations

EAPR Etf

USD 29.70 0.02 0.07%

The current 90-days correlation between Innovator MSCI Emerging and Innovator SP 500 is 0.65 (i.e., Poor diversification). The correlation of Innovator MSCI 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.

Innovator MSCI Correlation With Market

Poor diversification

The correlation between Innovator MSCI Emerging and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Innovator MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Innovator Etf

0.91	INOV	Innovator ETFs Trust	Pair Corr
0.96	BUFR	First Trust Cboe	Pair Corr
0.96	BUFD	FT Cboe Vest	Pair Corr
0.94	PSEP	Innovator SP 500	Pair Corr
0.95	PJAN	Innovator SP 500	Pair Corr
0.95	PJUL	Innovator SP 500	Pair Corr
0.94	PAUG	Innovator Equity Power	Pair Corr
0.9	DNOV	FT Cboe Vest	Pair Corr
0.94	PMAY	Innovator SP 500	Pair Corr
0.77	ACII	Innovator ETFs Trust	Pair Corr
0.88	VTI	Vanguard Total Stock	Pair Corr
0.89	SPY	SPDR SP 500	Pair Corr
0.89	IVV	iShares Core SP	Pair Corr
0.86	VTV	Vanguard Value Index	Pair Corr
0.67	VUG	Vanguard Growth Index	Pair Corr
0.93	VEA	Vanguard FTSE Developed	Pair Corr
0.68	VB	Vanguard Small Cap	Pair Corr
0.76	MYCI	SPDR SSGA My2029	Pair Corr
0.67	SGOL	abrdn Physical Gold	Pair Corr
0.67	SCZ	iShares MSCI EAFE	Pair Corr
0.74	PHT	PHT	Pair Corr
0.94	HLAL	Wahed FTSE USA	Pair Corr
0.94	ZJAN	Innovator Equity Defined	Pair Corr
0.89	VOO	Vanguard SP 500	Pair Corr
0.76	EASG	Xtrackers MSCI EAFE	Pair Corr
0.89	HYSD	Columbia ETF Trust	Pair Corr
0.9	TJUL	Innovator Etfs Trust	Pair Corr
0.9	ITDJ	iShares Trust	Pair Corr
0.94	CPSU	Calamos SP 500	Pair Corr
0.87	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.64	FFLG	Fidelity Covington Trust Low Volatility	Pair Corr
0.76	FROG	Jfrog	Pair Corr
0.82	QULL	ETRACS 2x Leveraged	Pair Corr
0.89	HEZU	iShares Currency Hedged	Pair Corr
0.83	JADE	JP Morgan Exchange	Pair Corr
0.94	SLX	VanEck Steel ETF	Pair Corr

Related Correlations Analysis

	UNOV	EOCT	XDSQ	PSMD	IAUG	PSCW	RAYE	XDQQ	YDEC	PSMR
UNOV		0.71	0.95	0.88	0.86	0.92	0.17	0.95	0.8	0.89	UNOV
EOCT	0.71		0.68	0.58	0.65	0.63	0.36	0.76	0.57	0.59	EOCT
XDSQ	0.95	0.68		0.94	0.85	0.97	0.21	0.97	0.87	0.95	XDSQ
PSMD	0.88	0.58	0.94		0.8	0.98	0.21	0.89	0.97	0.99	PSMD
IAUG	0.86	0.65	0.85	0.8		0.86	0.02	0.78	0.76	0.82	IAUG
PSCW	0.92	0.63	0.97	0.98	0.86		0.16	0.92	0.93	0.99	PSCW
RAYE	0.17	0.36	0.21	0.21	0.02	0.16		0.3	0.27	0.18	RAYE
XDQQ	0.95	0.76	0.97	0.89	0.78	0.92	0.3		0.82	0.89	XDQQ
YDEC	0.8	0.57	0.87	0.97	0.76	0.93	0.27	0.82		0.95	YDEC
PSMR	0.89	0.59	0.95	0.99	0.82	0.99	0.18	0.89	0.95		PSMR
	UNOV	EOCT	XDSQ	PSMD	IAUG	PSCW	RAYE	XDQQ	YDEC	PSMR

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Innovator MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator MSCI 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 Innovator MSCI'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
UNOV	0.21	0.00	(0.12)	0.07	0.26	(0.21)	0.45	(0.55)	1.62
EOCT	0.36	0.00	(0.08)	0.08	0.36	(0.42)	0.78	(0.64)	2.49
XDSQ	0.53	0.02	0.01	0.10	0.69	(0.56)	1.22	(1.47)	3.37
PSMD	0.19	0.02	(0.11)	0.13	0.12	(0.20)	0.48	(0.41)	1.26
IAUG	0.30	0.00	(0.09)	0.07	0.33	(0.32)	0.58	(0.54)	1.54
PSCW	0.18	0.01	(0.19)	0.13	0.00	(0.20)	0.40	(0.33)	1.20
RAYE	1.48	0.04	(0.01)	0.39	1.98	(1.63)	3.73	(3.00)	13.90
XDQQ	0.72	0.03	0.02	0.10	1.03	(0.75)	1.69	(1.73)	5.41
YDEC	0.12	0.01	(0.26)	0.14	0.00	(0.15)	0.31	(0.31)	0.86
PSMR	0.15	0.02	(0.22)	0.16	0.00	(0.18)	0.34	(0.24)	0.92

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Innovator MSCI Correlations

Innovator MSCI Correlation With Market

Poor diversification

Moving together with Innovator Etf

Related Correlations Analysis

Innovator MSCI Constituents Risk-Adjusted Indicators

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