IShares 1 Correlations
| CLG Etf | CAD 17.52 0.04 0.23% |
The current 90-days correlation between iShares 1 10Yr and iShares 1 10Yr Laddered is 0.84 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares 1 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares 1 10Yr Laddered moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
IShares 1 Correlation With Market
Modest diversification
The correlation between iShares 1 10Yr Laddered and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 1 10Yr Laddered and DJI in the same portfolio, assuming nothing else is changed.
IShares |
The ability to find closely correlated positions to IShares 1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares 1 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares 1 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares 1 10Yr Laddered to buy it.
Moving together with IShares Etf
| 0.91 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.92 | XBB | iShares Canadian Universe | PairCorr |
| 0.89 | ZCPB | BMO Core Plus | PairCorr |
| 0.93 | ZDB | BMO Discount Bond | PairCorr |
| 0.91 | XGB | iShares Canadian Gov | PairCorr |
| 0.99 | ZMP | BMO Mid Provincial | PairCorr |
| 0.98 | ZFM | BMO Mid Federal | PairCorr |
| 0.93 | XQB | iShares High Quality | PairCorr |
| 0.89 | HBB | Global X Canadian | PairCorr |
| 0.95 | CCRE | CIBC Core Fixed | PairCorr |
| 0.94 | XLB | iShares Core Canadian | PairCorr |
| 0.7 | XFR | iShares Floating Rate | PairCorr |
| 0.64 | VLB | Vanguard Canadian Long | PairCorr |
| 0.89 | VGV | Vanguard Canadian | PairCorr |
| 0.97 | CLF | iShares 1 5 | PairCorr |
| 0.95 | DCG | Desjardins 1 5 | PairCorr |
| 0.77 | ZFS-L | BMO Short Federal | PairCorr |
| 0.92 | XRB | iShares Canadian Real | PairCorr |
| 0.98 | CBH | iShares 1 10Yr | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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IShares 1 Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares 1 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 1'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBH | 0.19 | 0.04 | 0.24 | 0.47 | 0.00 | 0.45 | 1.42 | |||
| XFR | 0.05 | 0.01 | 0.56 | 1.50 | 0.00 | 0.10 | 0.20 | |||
| CVD | 0.29 | 0.02 | 0.09 | 0.17 | 0.33 | 0.64 | 2.37 | |||
| XEB | 0.27 | 0.02 | 0.08 | 0.05 | 0.34 | 0.58 | 2.41 | |||
| XIG | 0.37 | 0.01 | 0.05 | 0.00 | 0.43 | 0.76 | 1.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IShares 1 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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