Innovator Correlations

EPRF Etf

USD 18.19 0.01 0.05%

The current 90-days correlation between Innovator SP Investment and ETFis Series Trust is 0.67 (i.e., Poor diversification). The correlation of Innovator 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.

Innovator Correlation With Market

Significant diversification

The correlation between Innovator SP Investment and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator SP Investment 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 Innovator SP Investment. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Innovator Etf

0.98	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.85	PGX	Invesco Preferred ETF	Pair Corr
0.77	PFFD	Global X Preferred	Pair Corr
0.85	PGF	Invesco Financial	Pair Corr
0.92	PSK	SPDR ICE Preferred	Pair Corr
0.86	PFXF	VanEck Preferred Sec	Pair Corr
0.78	PFFA	Virtus InfraCap Preferred	Pair Corr
0.62	LUX	Tema ETF Trust	Pair Corr
0.67	SWP	SWP Growth Income	Pair Corr
0.68	DUKH	Ocean Park High	Pair Corr
0.62	SMI	VanEck Vectors ETF	Pair Corr

Moving against Innovator Etf

0.52

FNGD

MicroSectors FANG Index

Pair Corr

Related Correlations Analysis

	PFFR	PFFD	PFXF	SPFF	VRP
PFFR		0.43	0.28	0.38	0.47	PFFR
PFFD	0.43		0.7	0.66	0.54	PFFD
PFXF	0.28	0.7		0.93	0.09	PFXF
SPFF	0.38	0.66	0.93		-0.02	SPFF
VRP	0.47	0.54	0.09	-0.02		VRP
	PFFR	PFFD	PFXF	SPFF	VRP

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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

SPFF	+ 0.93	PFXF
PFXF	+ 0.7	PFFD
SPFF	+ 0.66	PFFD
VRP	+ 0.54	PFFD
VRP	+ 0.47	PFFR
PFFD	+ 0.43	PFFR

High negative correlations

VRP

- 0.02

SPFF

Innovator Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator 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 Innovator'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
PFFR	0.44	(0.01)	0.00	(0.32)	0.00	0.00	0.98	(0.92)	4.14
PFFD	0.47	(0.01)	0.00	(0.08)	0.00	0.00	0.92	(0.91)	3.11
PFXF	0.45	(0.02)	0.00	1.01	0.00	0.00	0.76	(0.92)	2.27
SPFF	0.46	(0.05)	0.00	(1.20)	0.00	0.00	1.11	(1.18)	3.38
VRP	0.20	0.01	0.12	0.02	0.27	(0.20)	0.37	(0.45)	1.62

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