IShares ESG Correlations

EAOK Etf

USD 25.82 0.03 0.12%

The current 90-days correlation between iShares ESG Aware and iShares ESG Aware is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares ESG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares ESG Aware moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares ESG Correlation With Market

Significant diversification

The correlation between iShares ESG Aware and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares ESG Aware and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares ESG Aware. 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

0.96	AOM	iShares Core Moderate	Pair Corr
0.73	HNDL	Strategy Shares Nasdaq	Pair Corr
0.91	RPAR	RPAR Risk Parity	Pair Corr
0.99	AOK	iShares Core Conservative	Pair Corr
0.96	EAOM	iShares ESG Aware	Pair Corr
0.71	XTAP	Innovator Equity Acc	Pair Corr
0.65	GDXU	MicroSectors Gold Miners	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.7	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.71	IBM	International Business	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr

Moving against IShares Etf

0.65	MRK	Merck Company	Pair Corr
0.32	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	EAOR	EAOA	EAOM	USXF	IGBH
EAOR		0.97	0.92	0.63	0.8	EAOR
EAOA	0.97		0.8	0.79	0.76	EAOA
EAOM	0.92	0.8		0.29	0.74	EAOM
USXF	0.63	0.79	0.29		0.46	USXF
IGBH	0.8	0.76	0.74	0.46		IGBH
	EAOR	EAOA	EAOM	USXF	IGBH

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IShares ESG Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares ESG 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 ESG'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
EAOR	0.44	(0.01)	0.10	(5.28)	0.59	(0.42)	0.85	(0.96)	2.80
EAOA	0.56	(0.02)	0.00	0.67	0.00	0.00	1.02	(1.14)	3.65
EAOM	0.32	0.01	0.18	0.27	0.38	(0.33)	0.69	(0.68)	1.97
USXF	1.05	(0.11)	0.00	1.30	0.00	0.00	1.64	(2.52)	6.01
IGBH	0.19	0.01	0.25	0.01	0.22	(0.20)	0.41	(0.42)	1.03

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