REX FANG Correlations

FEPI Etf

50.31 0.76 1.53%

The current 90-days correlation between REX FANG Innovation and Innovator Growth 100 Accelerated is 0.88 (i.e., Very poor diversification). The correlation of REX FANG 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.

REX FANG Correlation With Market

Significant diversification

The correlation between REX FANG Innovation and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REX FANG Innovation 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 REX FANG Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with REX Etf

0.61	JEPI	JPMorgan Equity Premium	Pair Corr
0.79	XYLD	Global X SP	Pair Corr
0.61	DIVO	Amplify CWP Enhanced	Pair Corr
0.93	RYLD	Global X Russell	Pair Corr
0.93	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.91	NUSI	NEOS ETF Trust	Pair Corr
0.92	BUYW	Main Buywrite ETF	Pair Corr
0.85	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.79	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.83	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.73	MSFT	Microsoft	Pair Corr
0.83	WMT	Walmart	Pair Corr

Moving against REX Etf

0.91	VXX	iPath Series B	Pair Corr
0.57	EMC	Global X Funds	Pair Corr
0.54	IDME	International Drawdown	Pair Corr
0.4	INTL	Main International ETF	Pair Corr
0.8	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.69	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.51	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.48	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.41	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.35	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	XDQQ	VEGA	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	144285AL7
XDQQ		0.65	-0.32	-0.52	0.69	0.04	-0.51	-0.21	0.88	-0.29	XDQQ
VEGA	0.65		-0.31	0.04	0.21	0.59	0.2	0.39	0.36	0.08	VEGA
444859BR2	-0.32	-0.31		0.32	-0.13	0.05	0.23	0.0	-0.3	0.08	444859BR2
AQUI	-0.52	0.04	0.32		-0.43	0.56	0.93	0.5	-0.67	0.35	AQUI
BRRAY	0.69	0.21	-0.13	-0.43		-0.18	-0.55	-0.39	0.7	-0.37	BRRAY
LBHIX	0.04	0.59	0.05	0.56	-0.18		0.65	0.83	-0.21	0.43	LBHIX
MSTSX	-0.51	0.2	0.23	0.93	-0.55	0.65		0.63	-0.73	0.39	MSTSX
ABHYX	-0.21	0.39	0.0	0.5	-0.39	0.83	0.63		-0.36	0.62	ABHYX
VIASP	0.88	0.36	-0.3	-0.67	0.7	-0.21	-0.73	-0.36		-0.32	VIASP
144285AL7	-0.29	0.08	0.08	0.35	-0.37	0.43	0.39	0.62	-0.32		144285AL7
	XDQQ	VEGA	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	144285AL7

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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

MSTSX	+ 0.93	AQUI
VIASP	+ 0.88	XDQQ
ABHYX	+ 0.83	LBHIX
VIASP	+ 0.7	BRRAY
BRRAY	+ 0.69	XDQQ
VEGA	+ 0.65	XDQQ

High negative correlations

VIASP	- 0.73	MSTSX
VIASP	- 0.67	AQUI
MSTSX	- 0.55	BRRAY
AQUI	- 0.52	XDQQ
MSTSX	- 0.51	XDQQ
BRRAY	- 0.43	AQUI

REX FANG Constituents Risk-Adjusted Indicators

There is a big difference between REX Etf performing well and REX FANG 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 REX FANG'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
XDQQ	0.51	0.15	0.17	2.16	0.55	(0.58)	1.20	(1.47)	4.29
VEGA	0.42	(0.01)	(0.03)	(0.09)	0.59	(0.44)	0.90	(1.08)	2.41
444859BR2	1.23	(0.01)	0.00	(0.04)	0.00	0.00	4.50	(4.02)	14.38
AQUI	2.79	(1.40)	0.00	0.74	0.00	0.00	0.00	0.00	93.33
BRRAY	2.93	0.98	0.00	(16.63)	0.00	0.00	9.47	0.00	53.93
LBHIX	0.11	(0.02)	0.00	(0.84)	0.00	0.00	0.24	(0.24)	0.71
MSTSX	0.58	(0.20)	0.00	(3.41)	0.00	0.00	0.85	(1.18)	6.73
ABHYX	0.21	(0.04)	0.00	(0.74)	0.00	0.00	0.34	(0.55)	1.91
VIASP	0.63	0.26	0.40	(1.61)	0.00	(0.79)	1.98	(1.06)	4.48
144285AL7	0.25	(0.03)	0.00	(1.64)	0.00	0.00	0.52	(0.53)	2.20

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