Tidal Trust Correlations

FDAT Etf

23.69 0.07 0.30%

The current 90-days correlation between Tidal Trust II and Trust For Professional is -0.18 (i.e., Good 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

Poor diversification

The correlation between Tidal Trust II and DJI is 0.61 (i.e., Poor 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 Investing Opportunities 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 nation.

Moving together with Tidal Etf

0.72	AOR	iShares Core Growth	Pair Corr
0.87	GDMA	Alpha Architect Gdsdn	Pair Corr
0.95	TUG	STF Tactical Growth	Pair Corr
0.89	RAAX	VanEck Inflation All	Pair Corr
0.93	OCIO	ClearShares OCIO ETF	Pair Corr
0.88	MFUL	Collaborative Investment	Pair Corr
0.9	RULE	Collaborative Investment	Pair Corr
0.67	RRH	Advocate Capital Man	Pair Corr
0.95	SIXD	AIM ETF Products	Pair Corr
0.83	CEFD	ETRACS Monthly Pay	Pair Corr
0.86	TSJA	TSJA	Pair Corr
0.86	DSJA	DSJA	Pair Corr
0.93	EOS	Eaton Vance Enhanced	Pair Corr
0.81	ETH	Grayscale Ethereum Mini	Pair Corr
0.88	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.71	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.69	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.78	DIS	Walt Disney Sell-off Trend	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.86	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Tidal Etf

0.84	VIIX	VIIX	Pair Corr
0.81	YCL	ProShares Ultra Yen	Pair Corr
0.8	ULE	ProShares Ultra Euro	Pair Corr
0.79	FXY	Invesco CurrencyShares	Pair Corr
0.31	MPRO	Northern Lights	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	APMU	HIYS	BSMW	TPMN	ICLO
APMU		0.18	0.93	0.03	-0.49	APMU
HIYS	0.18		0.31	0.58	0.63	HIYS
BSMW	0.93	0.31		0.06	-0.32	BSMW
TPMN	0.03	0.58	0.06		0.47	TPMN
ICLO	-0.49	0.63	-0.32	0.47		ICLO
	APMU	HIYS	BSMW	TPMN	ICLO

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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

BSMW	+ 0.93	APMU
ICLO	+ 0.63	HIYS
TPMN	+ 0.58	HIYS
ICLO	+ 0.47	TPMN
BSMW	+ 0.31	HIYS
HIYS	+ 0.18	APMU

High negative correlations

ICLO	- 0.49	APMU
ICLO	- 0.32	BSMW

Tidal Trust Constituents 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
APMU	0.12	0.01	(0.55)	0.05	0.18	(0.13)	0.20	(0.24)	0.97
HIYS	0.13	0.00	(0.66)	0.13	0.00	(0.15)	0.28	(0.24)	0.86
BSMW	0.22	0.03	(0.29)	(0.08)	0.32	(0.24)	0.52	(0.59)	2.06
TPMN	0.21	0.00	(0.44)	0.03	0.27	(0.21)	0.38	(0.38)	1.42
ICLO	0.04	0.02	(1.65)	(3.44)	0.00	(0.06)	0.12	(0.04)	0.28

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