Peerless Option Correlations

WEEL Etf

19.24 -0.80 -3.99%

A high positive correlation means the stock tends to rise and fall in tandem with the paired instrument. The current 90-days correlation between Peerless Option Income and Putnam ETF Trust is 0.65 (i.e., Poor diversification).

Peerless Option Market Linkage

Weak diversification

Peerless Option currently posts a 0.46 correlation with Dow Jones, indicating a Weak diversification relationship for the active sample. A 0.46 reading means Peerless Option and Dow Jones have partial price overlap, offering some diversification benefit.

Build portfolio with Peerless Etf

Portfolio design and allocation context appear in Your Current Watchlist. Portfolio balance depends on how holdings are weighted relative to each other. Tracking Peerless Option Income in a portfolio provides context for performance attribution. All values are based on available data and provided as reference information. Broader economic conditions can influence Peerless Option Income's etf valuation — related indicators include signals in median.

Moving together with Peerless Etf

0.75	JEPI	JPMorgan Equity Premium	Pair Corr
0.82	XYLD	Global X SAMPP	Pair Corr
0.82	RYLD	Global X Russell	Pair Corr
0.67	KNG	FT Cboe Vest	Pair Corr
0.75	BUYW	Main Buywrite ETF	Pair Corr
0.74	VBK	Vanguard Small Cap	Pair Corr
0.61	PSLV	Sprott Physical Silver	Pair Corr
0.74	EEM	iShares MSCI Emerging	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr

Moving against Peerless Etf

0.38	NUSI	NEOS Investment	Pair Corr
0.58	BOED	Direxion Daily BA	Pair Corr
0.51	HPQ	HP Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.29	0.13	0.47	-0.17	0.33	0.19	0.41	-0.2	-0.3	META
MSFT	0.29		0.85	0.32	-0.93	0.84	0.96	0.67	-0.9	-0.96	MSFT
UBER	0.13	0.85		0.24	-0.91	0.8	0.84	0.54	-0.8	-0.82	UBER
F	0.47	0.32	0.24		-0.33	0.66	0.21	0.6	-0.01	-0.43	F
T	-0.17	-0.93	-0.91	-0.33		-0.85	-0.87	-0.57	0.87	0.89	T
A	0.33	0.84	0.8	0.66	-0.85		0.79	0.82	-0.65	-0.89	A
CRM	0.19	0.96	0.84	0.21	-0.87	0.79		0.69	-0.89	-0.95	CRM
JPM	0.41	0.67	0.54	0.6	-0.57	0.82	0.69		-0.45	-0.76	JPM
MRK	-0.2	-0.9	-0.8	-0.01	0.87	-0.65	-0.89	-0.45		0.83	MRK
XOM	-0.3	-0.96	-0.82	-0.43	0.89	-0.89	-0.95	-0.76	0.83		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRM	+ 0.96	MSFT
XOM	+ 0.89	T
MRK	+ 0.87	T
UBER	+ 0.85	MSFT
A	+ 0.84	MSFT
CRM	+ 0.84	UBER

High negative correlations

XOM	- 0.96	MSFT
XOM	- 0.95	CRM
T	- 0.93	MSFT
T	- 0.91	UBER
MRK	- 0.9	MSFT
MRK	- 0.89	CRM

Peerless Option Competition Risk-Adjusted Indicators

Headline performance for Peerless Etf may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. 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
META	1.49	-0.10	0.00	-0.16	0.00	0.00	2.33	-2.82	14.24
MSFT	1.29	-0.36	0.00	-0.76	0.00	0.00	2.19	-2.87	13.28
UBER	1.55	-0.09	0.00	-0.21	0.00	0.00	3.18	-3.60	11.09
F	1.37	-0.12	0.00	-0.16	0.00	0.00	3.61	-3.07	10.01
T	1.11	0.27	0.23	-1.67	1.13	-1.23	3.87	-1.92	8.53
A	1.23	-0.23	0.00	-0.31	0.00	0.00	2.48	-3.01	7.20
CRM	1.87	-0.47	0.00	-0.80	0.00	0.00	3.41	-6.09	10.53
JPM	1.13	-0.01	0.00	-0.06	0.00	0.00	2.02	-2.63	8.17
MRK	1.12	0.30	0.24	0.53	1.15	-1.29	2.58	-1.94	7.29
XOM	1.28	0.53	0.38	33.64	1.06	-1.49	2.90	-2.12	6.83

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC