| BGSRX Fund | | | USD 66.49 4.07 5.77% |
The current 90-days correlation between Blackrock Science and Vanguard Information Technology is 0.91 (i.e., Almost no diversification). The correlation of Blackrock Science 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.
Blackrock Science Correlation With Market
Very weak diversification
The correlation between Blackrock Science Technology and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Science Technology and DJI in the same portfolio, assuming nothing else is changed.
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