IShares Core Correlations

AOA Etf

USD 77.99 0.66 0.85%

The current 90-days correlation between iShares Core Aggressive and iShares Core Growth is -0.14 (i.e., Good diversification). The correlation of IShares Core 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.

IShares Core Correlation With Market

Poor diversification

The correlation between iShares Core Aggressive and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core Aggressive and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares Core Aggressive. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with IShares Etf

0.62	RLY	SPDR SSgA Multi	Pair Corr
0.67	GAL	SPDR SSgA Global	Pair Corr
0.68	PPI	Investment Managers	Pair Corr
0.64	GAA	Cambria Global Asset	Pair Corr
0.82	FCEF	First Trust Income	Pair Corr
0.87	NFLX	Netflix	Pair Corr
0.83	JAVA	JPMorgan Active Value	Pair Corr
0.67	KONG	Formidable Fortress ETF	Pair Corr
0.86	LUX	Tema ETF Trust	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.77	WMT	Walmart	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr

Moving against IShares Etf

0.69

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	AOR	AOM	AOK	IUSB	ESGU
AOR		0.85	0.9	0.44	0.39	AOR
AOM	0.85		0.86	0.62	0.3	AOM
AOK	0.9	0.86		0.77	0.0	AOK
IUSB	0.44	0.62	0.77		-0.53	IUSB
ESGU	0.39	0.3	0.0	-0.53		ESGU
	AOR	AOM	AOK	IUSB	ESGU

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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

AOK	+ 0.9	AOR
AOK	+ 0.86	AOM
AOM	+ 0.85	AOR
IUSB	+ 0.77	AOK
IUSB	+ 0.62	AOM
IUSB	+ 0.44	AOR

High negative correlations

ESGU	- 0.53	IUSB
ESGU	- 0.0	AOK

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 IShares Core'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
AOR	0.47	(0.03)	0.00	0.12	0.00	0.00	0.95	(1.01)	2.65
AOM	0.37	0.01	0.06	(0.02)	0.48	(0.40)	0.62	(0.79)	2.22
AOK	0.30	0.00	0.09	0.02	0.39	(0.32)	0.56	(0.54)	1.61
IUSB	0.23	0.01	0.17	0.28	0.22	(0.25)	0.49	(0.37)	1.25
ESGU	0.84	(0.06)	0.00	(0.10)	0.00	0.00	1.54	(1.82)	4.53

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