Volatility Shares Correlations

WHTX Etf

9.29 0.26 2.88%

The current 90-days correlation between Volatility Shares Trust and Teucrium Wheat is 0.97 (i.e., Almost no diversification). The correlation of Volatility Shares 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.

Volatility Shares Correlation With Market

Average diversification

The correlation between Volatility Shares Trust and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volatility Shares Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Volatility Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Volatility Shares Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Volatility Etf

0.75

STSB

Stance Sustainable Beta Symbol Change

Pair Corr

Moving against Volatility Etf

0.7	CETH	21shares Core Ethereum Symbol Change	Pair Corr
0.69	INCM	Franklin Templeton ETF	Pair Corr
0.68	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.66	ISCB	iShares Morningstar	Pair Corr
0.65	VB	Vanguard Small Cap	Pair Corr
0.63	VEA	Vanguard FTSE Developed	Pair Corr
0.61	VO	Vanguard Mid Cap	Pair Corr
0.56	BND	Vanguard Total Bond	Pair Corr
0.43	RAYS	Global X	Pair Corr
0.39	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.33	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.33	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.77	SKOR	FlexShares Credit	Pair Corr
0.69	PAPI	Morgan Stanley ETF	Pair Corr
0.69	FIVA	Fidelity International	Pair Corr
0.68	SCYB	Schwab Strategic Trust	Pair Corr
0.67	USHY	iShares Broad USD	Pair Corr
0.67	HYLB	Xtrackers USD High	Pair Corr
0.63	KFEB	Innovator Small Cap	Pair Corr
0.62	FALN	iShares Fallen Angels	Pair Corr
0.62	DXUV	Dimensional ETF Trust	Pair Corr
0.61	GAPR	First Trust Exchange	Pair Corr
0.56	SGVT	Schwab Strategic Trust	Pair Corr
0.49	VT	Vanguard Total World	Pair Corr
0.4	NETL	Fundamental Income Net	Pair Corr
0.35	SMH	VanEck Semiconductor ETF	Pair Corr
0.67	DDX	Defined Duration Symbol Change	Pair Corr
0.67	JPIE	JP Morgan Exchange	Pair Corr
0.67	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.64	FENI	Fidelity Covington Trust	Pair Corr
0.63	EFA	iShares MSCI EAFE	Pair Corr
0.62	STOT	SPDR DoubleLine Short	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.32	-0.39	0.24	-0.24	0.43	-0.19	-0.35	-0.43	META
MSFT	0.6		0.8	-0.55	0.48	0.06	0.13	-0.45	-0.84	-0.7	MSFT
UBER	0.32	0.8		-0.49	0.44	0.32	-0.14	-0.5	-0.81	-0.54	UBER
F	-0.39	-0.55	-0.49		-0.71	0.09	0.24	0.66	0.71	0.73	F
T	0.24	0.48	0.44	-0.71		0.32	-0.45	-0.6	-0.51	-0.64	T
A	-0.24	0.06	0.32	0.09	0.32		-0.5	-0.26	-0.06	-0.09	A
CRM	0.43	0.13	-0.14	0.24	-0.45	-0.5		0.52	0.11	0.02	CRM
JPM	-0.19	-0.45	-0.5	0.66	-0.6	-0.26	0.52		0.64	0.52	JPM
MRK	-0.35	-0.84	-0.81	0.71	-0.51	-0.06	0.11	0.64		0.79	MRK
XOM	-0.43	-0.7	-0.54	0.73	-0.64	-0.09	0.02	0.52	0.79		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.8	MSFT
XOM	+ 0.79	MRK
XOM	+ 0.73	F
MRK	+ 0.71	F
JPM	+ 0.66	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.81	UBER
T	- 0.71	F
XOM	- 0.7	MSFT
XOM	- 0.64	T
JPM	- 0.6	T

Volatility Shares Competition Risk-Adjusted Indicators

There is a big difference between Volatility Etf performing well and Volatility Shares 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 Volatility Shares' 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
META	1.32	(0.28)	0.00	(0.20)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.94	(0.21)	0.00	(0.38)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.46	(0.23)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.42	0.13	0.12	0.18	1.27	(1.72)	3.38	(2.35)	16.30
T	0.89	(0.18)	0.00	(0.42)	0.00	0.00	1.53	(1.85)	4.30
A	1.14	(0.09)	(0.05)	0.02	1.39	(1.20)	2.34	(2.22)	6.50
CRM	1.57	(0.16)	0.00	(0.06)	0.00	0.00	3.66	(2.92)	12.37
JPM	1.12	(0.07)	(0.02)	0.04	1.59	(1.13)	2.00	(2.34)	7.38
MRK	1.23	0.32	0.23	0.44	1.01	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.23	0.12	2.92	0.98	(1.24)	2.37	(1.51)	5.82

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