Innovator Equity Correlations

XBAP Etf

USD 34.17 0.06 0.18%

The current 90-days correlation between Innovator Equity Acc and Innovator Equity Accelerated is 0.94 (i.e., Almost no diversification). The correlation of Innovator Equity 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.

Innovator Equity Correlation With Market

Average diversification

The correlation between Innovator Equity Accelerated and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovator Equity Accelerated and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Innovator Equity Accelerated. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Innovator Etf

0.69	BUFR	First Trust Cboe	Pair Corr
0.7	BUFD	FT Cboe Vest	Pair Corr
0.72	PSEP	Innovator SP 500	Pair Corr
0.68	PJUL	Innovator SP 500	Pair Corr
0.72	PAUG	Innovator Equity Power	Pair Corr
0.7	DNOV	FT Cboe Vest	Pair Corr
0.68	PMAY	Innovator SP 500	Pair Corr
0.71	PJUN	Innovator SP 500	Pair Corr
0.7	SIXD	AIM ETF Products	Pair Corr
0.9	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.89	DIS	Walt Disney	Pair Corr
0.91	WMT	Walmart Aggressive Push	Pair Corr
0.8	T	ATT Inc Sell-off Trend	Pair Corr
0.85	BAC	Bank of America Earnings Call This Week	Pair Corr
0.67	MSFT	Microsoft	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr

Moving against Innovator Etf

0.5	ULE	ProShares Ultra Euro	Pair Corr
0.39	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.36	INOV	Innovator ETFs Trust	Pair Corr
0.78	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.64	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.42	HPQ	HP Inc	Pair Corr
0.39	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.37	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	XDAP	XTAP	XDQQ	XDSQ	QTAP
XDAP		0.65	0.57	0.68	0.66	XDAP
XTAP	0.65		0.94	0.99	0.89	XTAP
XDQQ	0.57	0.94		0.9	0.9	XDQQ
XDSQ	0.68	0.99	0.9		0.88	XDSQ
QTAP	0.66	0.89	0.9	0.88		QTAP
	XDAP	XTAP	XDQQ	XDSQ	QTAP

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Innovator Equity Constituents Risk-Adjusted Indicators

There is a big difference between Innovator Etf performing well and Innovator Equity 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 Equity'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
XDAP	0.28	0.04	0.06	0.48	0.34	(0.28)	0.68	(0.65)	2.61
XTAP	0.22	0.03	0.03	0.30	0.26	(0.22)	0.55	(0.46)	2.24
XDQQ	0.51	0.12	0.12	0.82	0.62	(0.55)	1.15	(1.47)	4.29
XDSQ	0.41	0.04	0.03	0.29	0.67	(0.42)	1.10	(0.87)	4.63
QTAP	0.36	0.04	0.06	0.13	0.45	(0.37)	0.69	(0.96)	2.84

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