AIM ETF Correlations

JANW Etf

USD 33.51 0.04 0.12%

The current 90-days correlation between AIM ETF Products and Innovator ETFs Trust is 0.24 (i.e., Modest diversification). The correlation of AIM ETF 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.

AIM ETF Correlation With Market

Poor diversification

The correlation between AIM ETF Products and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIM ETF Products and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in AIM ETF Products. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with AIM Etf

0.98	BUFR	First Trust Cboe	Pair Corr
0.98	BUFD	FT Cboe Vest	Pair Corr
0.97	PSEP	Innovator SP 500	Pair Corr
0.99	PJAN	Innovator SP 500	Pair Corr
0.97	PJUL	Innovator SP 500	Pair Corr
0.97	PAUG	Innovator Equity Power	Pair Corr
0.93	DNOV	FT Cboe Vest	Pair Corr
0.99	PMAY	Innovator SP 500	Pair Corr
0.98	PJUN	Innovator SP 500	Pair Corr
0.82	NVDL	GraniteShares 15x Long Buyout Trend	Pair Corr
0.81	NVDX	T Rex 2X Buyout Trend	Pair Corr
0.82	NVDU	Direxion Daily NVDA	Pair Corr
0.68	USD	ProShares Ultra Semi	Pair Corr
0.94	FNGU	MicroSectors FANG Index Buyout Trend	Pair Corr
0.95	WEBL	Direxion Daily Dow	Pair Corr
0.9	BITX	Volatility Shares Trust Buyout Trend	Pair Corr
0.87	DIS	Walt Disney Sell-off Trend	Pair Corr
0.94	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.82	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.94	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.85	T	ATT Inc Sell-off Trend	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.92	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.95	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Moving against AIM Etf

0.59	WTID	UBS ETRACS	Pair Corr
0.88	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.34	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	INOV	BUFR	BUFD	PSEP	PJAN	PJUL	PAUG	DNOV	PMAY	PJUN
INOV		-0.23	-0.24	-0.2	-0.28	-0.19	-0.19	-0.24	-0.23	-0.21	INOV
BUFR	-0.23		1.0	1.0	0.98	1.0	1.0	0.94	0.99	1.0	BUFR
BUFD	-0.24	1.0		0.99	0.98	0.99	0.99	0.94	0.99	0.99	BUFD
PSEP	-0.2	1.0	0.99		0.98	1.0	1.0	0.92	0.99	1.0	PSEP
PJAN	-0.28	0.98	0.98	0.98		0.98	0.98	0.93	0.99	0.99	PJAN
PJUL	-0.19	1.0	0.99	1.0	0.98		1.0	0.93	0.99	1.0	PJUL
PAUG	-0.19	1.0	0.99	1.0	0.98	1.0		0.92	0.99	1.0	PAUG
DNOV	-0.24	0.94	0.94	0.92	0.93	0.93	0.92		0.94	0.93	DNOV
PMAY	-0.23	0.99	0.99	0.99	0.99	0.99	0.99	0.94		1.0	PMAY
PJUN	-0.21	1.0	0.99	1.0	0.99	1.0	1.0	0.93	1.0		PJUN
	INOV	BUFR	BUFD	PSEP	PJAN	PJUL	PAUG	DNOV	PMAY	PJUN

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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

BUFD	+ 1.0	BUFR
PSEP	+ 1.0	BUFR
PJUL	+ 1.0	BUFR
PAUG	+ 1.0	BUFR
PJUN	+ 1.0	BUFR
PJUL	+ 1.0	PSEP

High negative correlations

PJAN	- 0.28	INOV
DNOV	- 0.24	INOV
BUFD	- 0.24	INOV
PMAY	- 0.23	INOV
BUFR	- 0.23	INOV
PJUN	- 0.21	INOV

AIM ETF Constituents Risk-Adjusted Indicators

There is a big difference between AIM Etf performing well and AIM ETF 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 AIM ETF'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
INOV	0.27	(0.01)	(0.27)	0.02	0.39	(0.27)	0.52	(0.68)	2.12
BUFR	0.20	0.03	(0.15)	0.21	0.00	(0.24)	0.48	(0.40)	1.66
BUFD	0.19	0.03	(0.21)	0.22	0.00	(0.22)	0.48	(0.35)	1.44
PSEP	0.21	0.03	(0.16)	0.19	0.00	(0.25)	0.47	(0.44)	1.73
PJAN	0.11	0.03	(0.49)	0.35	0.00	(0.14)	0.29	(0.19)	0.80
PJUL	0.25	0.03	(0.11)	0.21	0.10	(0.27)	0.61	(0.52)	1.84
PAUG	0.23	0.03	(0.14)	0.20	0.00	(0.25)	0.48	(0.49)	1.86
DNOV	0.09	0.04	(0.45)	0.87	0.00	(0.12)	0.28	(0.12)	0.67
PMAY	0.15	0.03	(0.29)	0.27	0.00	(0.19)	0.40	(0.28)	1.08
PJUN	0.17	0.03	(0.19)	0.24	0.00	(0.20)	0.47	(0.37)	1.47

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