IShares ESG Correlations

EAOM Etf

USD 27.76 0.04 0.14%

The current 90-days correlation between iShares ESG Aware and iShares ESG Aware is 0.97 (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 0.05 (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

0.88	AOM	iShares Core Moderate	Pair Corr
0.87	HNDL	Strategy Shares Nasdaq	Pair Corr
0.72	RPAR	RPAR Risk Parity	Pair Corr
0.84	AOK	iShares Core Conservative	Pair Corr
0.85	EAOK	iShares ESG Aware	Pair Corr
0.61	CPST	Calamos ETF Trust	Pair Corr
0.77	AGQI	First Trust Exchange	Pair Corr
0.66	MYMH	SPDR SSGA My2028	Pair Corr
0.67	CGSM	Capital Group Fixed	Pair Corr
0.77	BKCI	BNY Mellon ETF	Pair Corr
0.62	IROC	IROC Symbol Change	Pair Corr

Related Correlations Analysis

	EAOR	EAOK	EAOA	EAGG	USXF
EAOR		0.66	0.88	0.1	0.6	EAOR
EAOK	0.66		0.63	0.75	0.06	EAOK
EAOA	0.88	0.63		-0.04	0.79	EAOA
EAGG	0.1	0.75	-0.04		-0.59	EAGG
USXF	0.6	0.06	0.79	-0.59		USXF
	EAOR	EAOK	EAOA	EAGG	USXF

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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

EAOA	+ 0.88	EAOR
USXF	+ 0.79	EAOA
EAGG	+ 0.75	EAOK
EAOK	+ 0.66	EAOR
EAOA	+ 0.63	EAOK
USXF	+ 0.6	EAOR

High negative correlations

USXF	- 0.59	EAGG
EAGG	- 0.04	EAOA

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	(3.30)	0.59	(0.42)	0.85	(0.96)	2.80
EAOK	0.26	0.03	0.23	0.05	0.28	(0.28)	0.55	(0.47)	1.65
EAOA	0.57	0.02	0.00	(0.03)	0.00	0.00	1.02	(1.14)	3.65
EAGG	0.24	0.04	0.38	0.64	0.12	(0.28)	0.56	(0.36)	1.46
USXF	1.07	(0.04)	0.00	(0.11)	0.00	0.00	1.64	(2.52)	6.01

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