Aptus Large Correlations

DUBS Etf

31.27 0.02 0.06%

The current 90-days correlation between Aptus Large Cap and FT Vest Equity is 0.94 (i.e., Almost no diversification). The correlation of Aptus Large 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.

Aptus Large Correlation With Market

Poor diversification

The correlation between Aptus Large Cap and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptus Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Aptus Large Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Aptus Etf

0.93	VTI	Vanguard Total Stock	Pair Corr
1.0	SPY	SPDR SP 500	Pair Corr
1.0	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.73	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
0.81	RSP	Invesco SP 500	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.99	DFAC	Dimensional Core Equity	Pair Corr
0.92	SPLG	SPDR Portfolio SP	Pair Corr
0.65	USD	ProShares Ultra Semi	Pair Corr
0.75	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.9	FNGO	MicroSectors FANG Index	Pair Corr
0.61	NAIL	Direxion Daily Homeb Downward Rally	Pair Corr
0.89	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.65	GUSH	Direxion Daily SP	Pair Corr
0.82	DUSL	Direxion Daily Indus	Pair Corr
0.81	BA	Boeing	Pair Corr
0.91	AXP	American Express Sell-off Trend	Pair Corr
0.81	DIS	Walt Disney	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.86	BAC	Bank of America Sell-off Trend	Pair Corr
0.77	WMT	Walmart Aggressive Push	Pair Corr
0.66	MSFT	Microsoft	Pair Corr

Moving against Aptus Etf

0.38	KO	Coca Cola	Pair Corr
0.31	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	MCHS	DISV	DJAN	MDLV	DJUL
DHDG		0.94	-0.01	0.85	-0.3	-0.23	0.81	0.01	0.88	DHDG
MBCC	0.94		0.18	0.75	-0.13	-0.06	0.78	0.22	0.86	MBCC
DIHP	-0.01	0.18		-0.38	0.89	0.96	-0.28	0.93	-0.17	DIHP
MCDS	0.85	0.75	-0.38		-0.61	-0.57	0.9	-0.29	0.93	MCDS
MCHS	-0.3	-0.13	0.89	-0.61		0.94	-0.54	0.86	-0.43	MCHS
DISV	-0.23	-0.06	0.96	-0.57	0.94		-0.5	0.86	-0.41	DISV
DJAN	0.81	0.78	-0.28	0.9	-0.54	-0.5		-0.2	0.95	DJAN
MDLV	0.01	0.22	0.93	-0.29	0.86	0.86	-0.2		-0.08	MDLV
DJUL	0.88	0.86	-0.17	0.93	-0.43	-0.41	0.95	-0.08		DJUL
	DHDG	MBCC	DIHP	MCDS	MCHS	DISV	DJAN	MDLV	DJUL

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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

DISV	+ 0.96	DIHP
DJUL	+ 0.95	DJAN
MBCC	+ 0.94	DHDG
DISV	+ 0.94	MCHS
MDLV	+ 0.93	DIHP
DJUL	+ 0.93	MCDS

High negative correlations

MCHS	- 0.61	MCDS
DISV	- 0.57	MCDS
DJAN	- 0.54	MCHS
DJAN	- 0.5	DISV
DJUL	- 0.43	MCHS
DJUL	- 0.41	DISV

Aptus Large Constituents Risk-Adjusted Indicators

There is a big difference between Aptus Etf performing well and Aptus Large 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 Aptus Large'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
DHDG	0.43	(0.02)	0.00	(0.12)	0.00	0.00	0.87	(0.94)	2.86
MBCC	0.76	(0.03)	0.00	(0.10)	0.00	0.00	1.34	(2.25)	4.26
DIHP	0.59	0.12	0.18	0.16	0.67	(0.63)	1.30	(1.21)	3.71
MCDS	0.79	(0.14)	0.00	1.11	0.00	0.00	1.28	(2.08)	4.01
MCHS	1.14	0.17	0.19	1.25	1.07	(1.27)	2.90	(1.70)	5.93
DISV	0.65	0.18	0.22	0.24	0.68	(0.66)	1.54	(1.20)	5.30
DJAN	0.29	(0.04)	0.00	0.53	0.00	0.00	0.61	(0.77)	2.02
MDLV	0.56	0.04	0.13	(0.70)	0.82	(0.52)	1.08	(1.52)	3.33
DJUL	0.45	(0.07)	0.00	0.57	0.00	0.00	0.80	(1.08)	2.99

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