ARKK is a good diversification
|
ETF Pair |
Correlation Coefficient |
Relationship Strength |
|---|---|---|
|
SPY & QQQ |
0.87 |
Very strong positive |
|
SPY & SPMO |
0.81 |
Strong positive |
|
SPY & ARKK |
~0.65 |
Moderate |
|
QQQ & SPMO |
0.77 |
Strong positive |
|
QQQ & ARKK |
~0.68 |
Moderate to strong |
|
SPMO & ARKK |
~0.63 |
Moderate |
