Amplify ETF Correlations

SOFR Etf

100.24 0.02 0.02%

The current 90-days correlation between Amplify ETF Trust and VanEck Vectors Moodys is 0.18 (i.e., Average diversification). The correlation of Amplify 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.

Amplify ETF Correlation With Market

Good diversification

The correlation between Amplify ETF Trust and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amplify ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Amplify ETF 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 census.

To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.

Moving together with Amplify Etf

0.78	VTI	Vanguard Total Stock	Pair Corr
0.79	SPY	SPDR SP 500	Pair Corr
0.79	IVV	iShares Core SP	Pair Corr
0.91	VUG	Vanguard Growth Index	Pair Corr
0.96	DSJA	DSJA	Pair Corr
0.94	RSPY	Tuttle Capital Management	Pair Corr
0.89	MEME	Roundhill Investments	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.74	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Amplify Etf

0.84	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.81	VEA	Vanguard FTSE Developed	Pair Corr
0.77	VWO	Vanguard FTSE Emerging	Pair Corr
0.56	BND	Vanguard Total Bond	Pair Corr
0.4	PMBS	PIMCO Mortgage Backed	Pair Corr
0.91	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.76	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.76	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.51	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.43	MMM	3M Company Sell-off Trend	Pair Corr
0.42	CAT	Caterpillar Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.81	-0.51	-0.46	0.42	0.32	0.54	0.22	-0.09	-0.54	META
MSFT	0.81		-0.63	-0.34	0.6	0.04	0.66	0.43	-0.27	-0.69	MSFT
UBER	-0.51	-0.63		0.53	-0.71	0.18	-0.78	-0.54	0.62	0.8	UBER
F	-0.46	-0.34	0.53		-0.04	-0.19	-0.11	0.23	0.0	0.72	F
T	0.42	0.6	-0.71	-0.04		-0.28	0.86	0.82	-0.65	-0.49	T
A	0.32	0.04	0.18	-0.19	-0.28		-0.29	-0.49	0.72	0.14	A
CRM	0.54	0.66	-0.78	-0.11	0.86	-0.29		0.87	-0.75	-0.56	CRM
JPM	0.22	0.43	-0.54	0.23	0.82	-0.49	0.87		-0.82	-0.34	JPM
MRK	-0.09	-0.27	0.62	0.0	-0.65	0.72	-0.75	-0.82		0.39	MRK
XOM	-0.54	-0.69	0.8	0.72	-0.49	0.14	-0.56	-0.34	0.39		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	+ 0.87	CRM
CRM	+ 0.86	T
JPM	+ 0.82	T
MSFT	+ 0.81	META
XOM	+ 0.8	UBER
XOM	+ 0.72	F

High negative correlations

MRK	- 0.82	JPM
CRM	- 0.78	UBER
MRK	- 0.75	CRM
T	- 0.71	UBER
XOM	- 0.69	MSFT
MRK	- 0.65	T

Amplify ETF Competition Risk-Adjusted Indicators

There is a big difference between Amplify Etf performing well and Amplify 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 Amplify 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
META	1.24	0.05	0.03	0.22	1.47	(1.37)	2.62	(3.15)	7.43
MSFT	0.89	(0.02)	0.00	0.13	0.00	0.00	1.78	(2.23)	8.14
UBER	1.64	(0.32)	0.00	(1.64)	0.00	0.00	2.53	(5.35)	20.41
F	1.37	(0.10)	0.00	(0.40)	0.00	0.00	2.37	(2.81)	11.21
T	0.96	0.08	0.06	0.26	1.16	(0.99)	1.93	(1.99)	7.95
A	1.11	(0.14)	0.00	(0.49)	0.00	0.00	2.43	(2.42)	8.06
CRM	1.48	0.30	0.19	7.19	1.33	(1.73)	3.18	(2.88)	14.80
JPM	1.07	0.21	0.16	(5.38)	1.10	(1.25)	1.99	(1.44)	15.87
MRK	0.98	(0.19)	0.00	(0.81)	0.00	0.00	1.72	(2.17)	5.17
XOM	0.81	(0.10)	0.00	(0.57)	0.00	0.00	1.71	(2.14)	6.06

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