Tidal Trust Correlations

YBIT Etf

13.44 0.44 3.38%

The current 90-days correlation between Tidal Trust II and iShares Dividend and is 0.04 (i.e., Significant diversification). The correlation of Tidal Trust 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.

Tidal Trust Correlation With Market

Good diversification

The correlation between Tidal Trust II and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tidal Trust II 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 Tidal Trust II. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Tidal Etf

0.96	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.93	BITO	ProShares Bitcoin	Pair Corr
0.91	BLOK	Amplify Transformational	Pair Corr
0.64	BLCN	Siren Nasdaq NexGen	Pair Corr
0.86	BITQ	Bitwise Crypto Industry	Pair Corr
0.87	SPBC	Simplify Equity PLUS	Pair Corr
0.93	BTC	Grayscale Bitcoin Mini	Pair Corr
0.84	DAPP	VanEck Digital Trans	Pair Corr
0.92	CRPT	First Trust SkyBridge	Pair Corr
0.89	ARKW	ARK Next Generation	Pair Corr
0.79	WTMF	WisdomTree Managed	Pair Corr
0.91	DIS	Walt Disney	Pair Corr
0.86	BAC	Bank of America	Pair Corr
0.74	T	ATT Inc Earnings Call Today	Pair Corr
0.76	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	AXP	American Express Earnings Call This Week	Pair Corr
0.83	WMT	Walmart	Pair Corr

Moving against Tidal Etf

0.87	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.38	IRET	iREIT MarketVector	Pair Corr
0.74	KO	Coca Cola Sell-off Trend	Pair Corr
0.67	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.48	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.41	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.31	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.64	-0.58	-0.52	0.41	0.59	0.53	0.42	-0.11	-0.64	META
MSFT	0.64		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.58	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.52	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.41	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.59	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.42	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.11	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.64	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER
CRM	+ 0.65	MSFT

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.64	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
T	- 0.58	UBER
UBER	- 0.58	META

Tidal Trust Competition Risk-Adjusted Indicators

There is a big difference between Tidal Etf performing well and Tidal Trust 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 Tidal Trust'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	1.36	0.07	0.03	0.26	1.52	(1.53)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	(0.50)	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.34)	0.00	(0.88)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.09)	0.00	(0.14)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.09	0.05	(0.80)	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.02	0.01	0.06	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.09	1.01	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	2.16	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.16)	0.00	(2.55)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.16)	0.00	(0.30)	0.00	0.00	1.71	(1.67)	6.06

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