Innovator Correlations

PJAN Etf

USD 47.29 0.05 0.11%

The current 90-days correlation between Innovator SP 500 and Innovator SP 500 is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovator moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovator SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Innovator Correlation With Market

Poor diversification

The correlation between Innovator SP 500 and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator SP 500 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innovator Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Innovator SP 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Innovator Etf

0.93	INOV	Innovator ETFs Trust	Pair Corr
0.97	BUFR	First Trust Cboe	Pair Corr
0.98	BUFD	FT Cboe Vest	Pair Corr
0.95	PSEP	Innovator SP 500	Pair Corr
0.92	PJUL	Innovator SP 500	Pair Corr
0.96	PAUG	Innovator Equity Power	Pair Corr
0.95	DNOV	FT Cboe Vest	Pair Corr
0.98	PMAY	Innovator SP 500	Pair Corr
0.96	ACII	Innovator ETFs Trust	Pair Corr
0.88	PSLV	Sprott Physical Silver Aggressive Push	Pair Corr
0.84	WNTR	YieldMax MSTR Short	Pair Corr
0.74	SPPP	Sprott Physical Platinum Normal Trading	Pair Corr
0.85	GMET	VanEck Vectors ETF	Pair Corr
0.9	SPIN	SPDR SSGA Equity	Pair Corr
0.75	CMCI	VanEck CMCI Commodity	Pair Corr
0.92	AA	Alcoa Corp	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.78	WMT	Walmart Common Stock	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.83	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.86	AXP	American Express	Pair Corr
0.86	MRK	Merck Company	Pair Corr
0.93	BAC	Bank of America Earnings Call This Week	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr

Moving against Innovator Etf

0.74	IMRA	Bitwise Funds Trust	Pair Corr
0.74	MRAL	GraniteShares 2x Long	Pair Corr
0.7	T	ATT Inc	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.58	HD	Home Depot	Pair Corr

Related Correlations Analysis

	PDEC	PAUG	PFEB	PJUL	PMAR	PNOV	QDPL	QQQE	USXF	EQTY
PDEC		0.91	0.94	0.97	0.98	0.86	0.86	0.52	0.45	0.83	PDEC
PAUG	0.91		0.98	0.93	0.93	0.97	0.96	0.73	0.67	0.94	PAUG
PFEB	0.94	0.98		0.93	0.95	0.93	0.91	0.63	0.55	0.92	PFEB
PJUL	0.97	0.93	0.93		0.99	0.89	0.87	0.63	0.58	0.87	PJUL
PMAR	0.98	0.93	0.95	0.99		0.88	0.85	0.57	0.51	0.88	PMAR
PNOV	0.86	0.97	0.93	0.89	0.88		0.93	0.77	0.73	0.93	PNOV
QDPL	0.86	0.96	0.91	0.87	0.85	0.93		0.79	0.78	0.86	QDPL
QQQE	0.52	0.73	0.63	0.63	0.57	0.77	0.79		0.9	0.77	QQQE
USXF	0.45	0.67	0.55	0.58	0.51	0.73	0.78	0.9		0.61	USXF
EQTY	0.83	0.94	0.92	0.87	0.88	0.93	0.86	0.77	0.61		EQTY
	PDEC	PAUG	PFEB	PJUL	PMAR	PNOV	QDPL	QQQE	USXF	EQTY

Please upgrade your account to get full access to Macroaxis premium features

Innovator Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator 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'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
PDEC	0.31	0.04	(0.06)	0.48	0.36	(0.32)	0.80	(0.60)	1.96
PAUG	0.23	0.00	(0.13)	0.06	0.28	(0.24)	0.52	(0.51)	1.40
PFEB	0.23	0.01	(0.11)	0.09	0.27	(0.23)	0.61	(0.52)	1.44
PJUL	0.22	0.02	(0.14)	0.48	0.24	(0.21)	0.44	(0.43)	1.34
PMAR	0.19	0.03	(0.13)	0.75	0.25	(0.19)	0.48	(0.46)	1.19
PNOV	0.27	0.00	(0.12)	0.07	0.32	(0.26)	0.52	(0.67)	1.97
QDPL	0.58	(0.02)	(0.05)	0.04	0.80	(0.59)	1.47	(1.35)	3.55
QQQE	0.73	(0.06)	(0.06)	0.01	0.98	(0.75)	1.36	(1.59)	4.14
USXF	0.81	(0.06)	(0.04)	0.01	1.25	(0.71)	1.56	(2.09)	4.44
EQTY	0.68	0.00	0.00	0.08	0.80	(0.70)	1.43	(1.62)	3.51

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC