Alpha Architect Correlations

HIDE Etf

23.55 0.02 0.09%

The current 90-days correlation between Alpha Architect High and Aptus Defined Risk is 0.22 (i.e., Modest diversification). The correlation of Alpha Architect 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.

Alpha Architect Correlation With Market

Good diversification

The correlation between Alpha Architect High and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Architect High 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 Alpha Architect High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Alpha Etf

0.78	CCOR	Core Alternative ETF	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr
0.66	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	PG	Procter Gamble Sell-off Trend	Pair Corr

Moving against Alpha Etf

0.64	USD	ProShares Ultra Semi	Pair Corr
0.6	FNGU	MicroSectors FANG Index	Pair Corr
0.59	FNGO	MicroSectors FANG Index	Pair Corr
0.59	FNGS	MicroSectors FANG ETN	Pair Corr
0.59	EOS	Eaton Vance Enhanced	Pair Corr
0.52	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.52	QLD	ProShares Ultra QQQ	Pair Corr
0.51	HEQT	Simplify Exchange Traded	Pair Corr
0.5	ACIO	Aptus Collared Income	Pair Corr
0.49	VAMO	Cambria Value	Pair Corr
0.48	ADME	Aptus Drawdown Managed	Pair Corr
0.48	ROM	ProShares Ultra Tech	Pair Corr
0.47	TECL	Direxion Daily Technology	Pair Corr
0.45	HEGD	Swan Hedged Equity	Pair Corr
0.44	SMH	VanEck Semiconductor ETF	Pair Corr
0.42	MSTB	ETF Series Solutions	Pair Corr
0.36	GTR	WisdomTree Target Range	Pair Corr
0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.6	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.52	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.5	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.39	DIS	Walt Disney Sell-off Trend	Pair Corr
0.38	ETH	Grayscale Ethereum Mini	Pair Corr
0.37	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.34	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	DRSK	DSCF	DXJS	FLJH	AOA	AOK	AOM	AOR	DXJ
DRSK		0.75	0.01	-0.05	0.38	0.83	0.8	0.55	-0.11	DRSK
DSCF	0.75		-0.39	-0.52	-0.09	0.79	0.57	0.14	-0.56	DSCF
DXJS	0.01	-0.39		0.95	0.78	0.1	0.37	0.68	0.95	DXJS
FLJH	-0.05	-0.52	0.95		0.75	-0.06	0.25	0.61	1.0	FLJH
AOA	0.38	-0.09	0.78	0.75		0.5	0.75	0.97	0.74	AOA
AOK	0.83	0.79	0.1	-0.06	0.5		0.94	0.69	-0.1	AOK
AOM	0.8	0.57	0.37	0.25	0.75	0.94		0.88	0.21	AOM
AOR	0.55	0.14	0.68	0.61	0.97	0.69	0.88		0.59	AOR
DXJ	-0.11	-0.56	0.95	1.0	0.74	-0.1	0.21	0.59		DXJ
	DRSK	DSCF	DXJS	FLJH	AOA	AOK	AOM	AOR	DXJ

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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

DXJ	+ 1.0	FLJH
AOR	+ 0.97	AOA
FLJH	+ 0.95	DXJS
DXJ	+ 0.95	DXJS
AOM	+ 0.94	AOK
AOR	+ 0.88	AOM

High negative correlations

DXJ	- 0.56	DSCF
FLJH	- 0.52	DSCF
DXJS	- 0.39	DSCF
DXJ	- 0.11	DRSK
DXJ	- 0.1	AOK
AOA	- 0.09	DSCF

Alpha Architect Constituents Risk-Adjusted Indicators

There is a big difference between Alpha Etf performing well and Alpha Architect 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 Alpha Architect'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
DRSK	0.28	(0.04)	(0.31)	(0.03)	0.39	(0.28)	0.58	(0.68)	1.93
DSCF	0.27	(0.03)	0.00	(0.08)	0.00	0.00	0.56	(0.51)	1.48
DXJS	0.91	(0.04)	(0.06)	0.07	1.21	(0.92)	1.94	(1.91)	6.02
FLJH	1.01	(0.09)	(0.06)	0.04	1.40	(1.06)	2.51	(2.05)	7.13
AOA	0.43	(0.03)	(0.14)	0.08	0.50	(0.46)	0.98	(0.78)	2.69
AOK	0.25	(0.01)	(0.38)	0.06	0.25	(0.27)	0.58	(0.53)	1.32
AOM	0.27	(0.02)	(0.29)	0.06	0.30	(0.28)	0.50	(0.70)	1.62
AOR	0.34	(0.02)	(0.21)	0.07	0.39	(0.36)	0.72	(0.65)	2.07
DXJ	1.05	(0.07)	(0.05)	0.05	1.46	(1.08)	2.34	(2.19)	7.24

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