YOKE Core Correlations

YOKE Etf

26.90 0.05 0.19%

The current 90-days correlation between YOKE Core ETF and First Trust Multi Asset is 0.46 (i.e., Very weak diversification). The correlation of YOKE Core 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.

YOKE Core Correlation With Market

Poor diversification

The correlation between YOKE Core ETF and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YOKE Core ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YOKE Etf

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

Moving together with YOKE Etf

0.65	VT	Vanguard Total World	Pair Corr
0.65	ACWI	iShares MSCI ACWI	Pair Corr
0.67	IOO	iShares Global 100	Pair Corr
0.66	URTH	iShares MSCI World	Pair Corr
0.64	CRBN	iShares MSCI ACWI	Pair Corr
0.73	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.64	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.66	SPGM	SPDR Portfolio MSCI	Pair Corr
0.62	VTI	Vanguard Total Stock	Pair Corr
0.63	SPY	SPDR SP 500	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.63	BND	Vanguard Total Bond	Pair Corr
0.64	VUG	Vanguard Growth Index	Pair Corr
0.62	VO	Vanguard Mid Cap	Pair Corr
0.63	VEA	Vanguard FTSE Developed	Pair Corr
0.67	BKUI	BNY Mellon ETF	Pair Corr
0.65	ESGV	Vanguard ESG Stock	Pair Corr
0.72	GSJY	Goldman Sachs ActiveBeta	Pair Corr
0.73	RXI	iShares Global Consumer	Pair Corr
0.64	LRGF	iShares Equity Factor	Pair Corr
0.63	WTV	WisdomTree Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.83	0.56	0.55	0.52	0.23	-0.72	0.66	0.45	0.07	META
MSFT	0.83		0.54	0.64	0.22	0.16	-0.56	0.85	0.49	0.22	MSFT
UBER	0.56	0.54		0.85	0.47	0.59	-0.2	0.72	0.71	0.44	UBER
F	0.55	0.64	0.85		0.44	0.56	-0.4	0.8	0.81	0.58	F
T	0.52	0.22	0.47	0.44		0.51	-0.43	0.39	0.55	0.11	T
A	0.23	0.16	0.59	0.56	0.51		0.09	0.45	0.69	0.62	A
CRM	-0.72	-0.56	-0.2	-0.4	-0.43	0.09		-0.34	-0.31	0.1	CRM
JPM	0.66	0.85	0.72	0.8	0.39	0.45	-0.34		0.69	0.45	JPM
MRK	0.45	0.49	0.71	0.81	0.55	0.69	-0.31	0.69		0.58	MRK
XOM	0.07	0.22	0.44	0.58	0.11	0.62	0.1	0.45	0.58		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

JPM	+ 0.85	MSFT
F	+ 0.85	UBER
MSFT	+ 0.83	META
MRK	+ 0.81	F
JPM	+ 0.8	F
JPM	+ 0.72	UBER

High negative correlations

CRM	- 0.72	META
CRM	- 0.56	MSFT
CRM	- 0.43	T
CRM	- 0.4	F
JPM	- 0.34	CRM
MRK	- 0.31	CRM

YOKE Core Competition Risk-Adjusted Indicators

There is a big difference between YOKE Etf performing well and YOKE Core 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 YOKE Core'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
META	1.38	0.12	0.08	0.24	1.18	(1.73)	3.16	(2.27)	14.28
MSFT	0.68	0.10	0.06	0.39	0.57	(0.78)	1.58	(1.42)	5.71
UBER	1.34	0.09	0.04	0.24	1.42	(1.43)	2.72	(2.02)	11.37
F	1.27	0.27	0.08	(0.65)	1.47	(1.28)	2.55	(2.36)	7.46
T	0.76	0.06	(0.02)	0.63	0.94	(0.78)	1.75	(1.96)	5.41
A	1.37	0.02	0.05	0.11	1.58	(1.43)	3.24	(2.46)	9.19
CRM	1.22	(0.17)	0.00	(0.04)	0.00	0.00	2.63	(2.94)	6.27
JPM	0.80	0.10	0.09	0.19	0.83	(0.89)	1.78	(1.36)	5.19
MRK	1.20	0.07	0.04	0.17	1.42	(1.20)	2.90	(2.36)	7.79
XOM	1.01	0.14	0.04	2.86	1.32	(1.01)	2.14	(2.42)	6.25

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