Volatility Shares Correlations

ETHU Etf

10.05 1.59 18.79%

The current 90-days correlation between Volatility Shares Trust and ProShares Trust is 1.0 (i.e., No risk reduction). 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

Very weak diversification

The correlation between Volatility Shares Trust and DJI is 0.55 (i.e., Very weak 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.

Check out Investing Opportunities 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 rate.

Moving together with Volatility Etf

0.91	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.92	BITO	ProShares Bitcoin Aggressive Push	Pair Corr
0.88	BLOK	Amplify Transformational	Pair Corr
0.9	BLCN	Siren Nasdaq NexGen	Pair Corr
0.88	BITQ	Bitwise Crypto Industry	Pair Corr
0.86	SPBC	Simplify Equity PLUS	Pair Corr
0.91	BTC	Grayscale Bitcoin Mini	Pair Corr
0.88	DAPP	VanEck Digital Trans	Pair Corr
0.88	CRPT	First Trust SkyBridge	Pair Corr
0.75	UPRO	ProShares UltraPro SP500	Pair Corr
0.68	QTJA	Innovator ETFs Trust	Pair Corr
0.83	QTOC	Innovator ETFs Trust	Pair Corr
0.86	XTOC	Innovator ETFs Trust	Pair Corr
0.72	QTAP	Innovator Growth 100	Pair Corr
0.67	TSJA	TSJA	Pair Corr
0.71	XTJA	Innovator ETFs Trust	Pair Corr
0.65	DSJA	DSJA	Pair Corr
0.72	XDJA	Innovator ETFs Trust	Pair Corr
0.76	XTAP	Innovator Equity Acc	Pair Corr
0.71	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.84	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.67	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.63	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	WMT	Walmart Aggressive Push	Pair Corr

Moving against Volatility Etf

0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.27	0.55	0.02	0.55	0.04	0.64	0.28	-0.53	0.72	META
MSFT	0.27		0.22	0.17	0.18	-0.01	0.03	-0.12	0.12	-0.19	MSFT
UBER	0.55	0.22		-0.08	-0.06	0.27	-0.01	-0.14	0.08	0.35	UBER
F	0.02	0.17	-0.08		0.16	-0.49	0.42	0.61	-0.31	0.2	F
T	0.55	0.18	-0.06	0.16		-0.5	0.79	0.6	-0.78	0.38	T
A	0.04	-0.01	0.27	-0.49	-0.5		-0.47	-0.62	0.64	-0.01	A
CRM	0.64	0.03	-0.01	0.42	0.79	-0.47		0.85	-0.91	0.65	CRM
JPM	0.28	-0.12	-0.14	0.61	0.6	-0.62	0.85		-0.83	0.48	JPM
MRK	-0.53	0.12	0.08	-0.31	-0.78	0.64	-0.91	-0.83		-0.56	MRK
XOM	0.72	-0.19	0.35	0.2	0.38	-0.01	0.65	0.48	-0.56		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	CRM
CRM	+ 0.79	T
XOM	+ 0.72	META
XOM	+ 0.65	CRM
CRM	+ 0.64	META
MRK	+ 0.64	A

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.78	T
JPM	- 0.62	A
XOM	- 0.56	MRK
MRK	- 0.53	META

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	1.06	0.06	0.02	0.20	1.40	(1.15)	2.62	(3.15)	8.02
MSFT	0.92	(0.05)	(0.05)	0.05	1.49	(0.89)	2.09	(1.85)	8.19
UBER	1.62	(0.12)	(0.05)	0.00	2.30	(1.74)	2.69	(2.53)	20.10
F	1.43	0.02	(0.04)	0.48	2.24	(1.39)	2.53	(2.90)	11.21
T	0.92	0.28	0.15	(7.88)	0.85	(1.05)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.05)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.34	0.21	0.16	0.30	1.16	(1.53)	3.18	(1.93)	9.09
JPM	1.12	(0.01)	0.06	0.11	1.40	(1.21)	2.05	(2.00)	15.87
MRK	0.91	(0.21)	0.00	(0.74)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.01	(0.05)	(0.08)	0.02	1.33	(1.07)	2.10	(2.09)	5.74

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