Correlation Between Amplify BlackSwan and Innovator ETFs
Can any of the company-specific risk be diversified away by investing in both Amplify BlackSwan and Innovator ETFs at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Amplify BlackSwan and Innovator ETFs into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amplify BlackSwan Growth and Innovator ETFs Trust, you can compare the effects of market volatilities on Amplify BlackSwan and Innovator ETFs and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Amplify BlackSwan with a short position of Innovator ETFs. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amplify BlackSwan and Innovator ETFs.
Diversification Opportunities for Amplify BlackSwan and Innovator ETFs
0.98 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Amplify and Innovator is 0.98. Overlapping area represents the amount of risk that can be diversified away by holding Amplify BlackSwan Growth and Innovator ETFs Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Innovator ETFs Trust and Amplify BlackSwan is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Amplify BlackSwan Growth are associated (or correlated) with Innovator ETFs. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Innovator ETFs Trust has no effect on the direction of Amplify BlackSwan i.e., Amplify BlackSwan and Innovator ETFs go up and down completely randomly.
Pair Corralation between Amplify BlackSwan and Innovator ETFs
Given the investment horizon of 90 days Amplify BlackSwan Growth is expected to generate 1.17 times more return on investment than Innovator ETFs. However, Amplify BlackSwan is 1.17 times more volatile than Innovator ETFs Trust. It trades about 0.18 of its potential returns per unit of risk. Innovator ETFs Trust is currently generating about 0.12 per unit of risk. If you would invest 3,024 in Amplify BlackSwan Growth on July 13, 2025 and sell it today you would earn a total of 171.00 from holding Amplify BlackSwan Growth or generate 5.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 98.46% |
| Values | Daily Returns |
Amplify BlackSwan Growth vs. Innovator ETFs Trust
Performance |
| Timeline |
| Amplify BlackSwan Growth |
| Innovator ETFs Trust |
Amplify BlackSwan and Innovator ETFs Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amplify BlackSwan and Innovator ETFs
The main advantage of trading using opposite Amplify BlackSwan and Innovator ETFs positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amplify BlackSwan position performs unexpectedly, Innovator ETFs can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Innovator ETFs will offset losses from the drop in Innovator ETFs' long position.| Amplify BlackSwan vs. WisdomTree 9060 Balanced | Amplify BlackSwan vs. RPAR Risk Parity | Amplify BlackSwan vs. Cambria Tail Risk | Amplify BlackSwan vs. Aptus Defined Risk |
| Innovator ETFs vs. YieldMax Short NVDA | Innovator ETFs vs. YieldMax DIS Option | Innovator ETFs vs. MDBX | Innovator ETFs vs. First Trust Dorsey |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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