IShares Fixed Correlations

FIBR Etf

USD 87.09 0.08 0.09%

The current 90-days correlation between iShares Fixed Income and New Pacific Metals is 0.05 (i.e., Significant diversification). The correlation of IShares Fixed 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.

IShares Fixed Correlation With Market

Average diversification

The correlation between iShares Fixed Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Fixed Income 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 Fixed Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with IShares Etf

0.69	IVV	iShares Core SP	Pair Corr
0.63	QTOC	Innovator ETFs Trust	Pair Corr
0.62	ARKQ	ARK Autonomous Technology Low Volatility	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr

Moving against IShares Etf

0.47	ULE	ProShares Ultra Euro	Pair Corr
0.52	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.44	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.42	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.57	-0.57	-0.48	0.3	0.49	0.39	0.11	0.07	-0.45	META
MSFT	0.57		-0.54	-0.29	0.6	0.06	0.69	0.43	-0.26	-0.6	MSFT
UBER	-0.57	-0.54		0.61	-0.52	-0.12	-0.67	-0.36	0.47	0.68	UBER
F	-0.48	-0.29	0.61		-0.05	-0.25	-0.19	0.09	0.11	0.79	F
T	0.3	0.6	-0.52	-0.05		0.12	0.85	0.8	-0.62	-0.44	T
A	0.49	0.06	-0.12	-0.25	0.12		0.05	-0.07	0.36	-0.07	A
CRM	0.39	0.69	-0.67	-0.19	0.85	0.05		0.83	-0.69	-0.56	CRM
JPM	0.11	0.43	-0.36	0.09	0.8	-0.07	0.83		-0.75	-0.38	JPM
MRK	0.07	-0.26	0.47	0.11	-0.62	0.36	-0.69	-0.75		0.44	MRK
XOM	-0.45	-0.6	0.68	0.79	-0.44	-0.07	-0.56	-0.38	0.44		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CRM	+ 0.85	T
JPM	+ 0.83	CRM
JPM	+ 0.8	T
XOM	+ 0.79	F
CRM	+ 0.69	MSFT
XOM	+ 0.68	UBER

High negative correlations

MRK	- 0.75	JPM
MRK	- 0.69	CRM
CRM	- 0.67	UBER
MRK	- 0.62	T
XOM	- 0.6	MSFT
UBER	- 0.57	META

IShares Fixed Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Fixed 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 Fixed'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
META	1.32	0.05	0.03	0.12	1.49	(1.55)	3.22	(3.15)	7.43
MSFT	0.89	0.03	0.01	(0.26)	1.64	(0.80)	1.78	(1.73)	8.14
UBER	1.61	(0.43)	0.00	(0.83)	0.00	0.00	2.66	(5.35)	12.29
F	1.36	(0.10)	0.00	(0.30)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.03	0.02	0.12	1.17	(1.02)	1.93	(1.99)	7.95
A	1.14	(0.08)	0.00	(0.33)	0.00	0.00	2.43	(2.42)	8.06
CRM	1.42	0.20	0.12	1.34	1.39	(1.63)	3.16	(2.88)	14.80
JPM	1.01	0.23	0.17	2.97	1.06	(1.21)	1.65	(1.42)	15.87
MRK	0.95	(0.14)	0.00	(0.60)	0.00	0.00	1.72	(2.13)	5.17
XOM	0.76	(0.23)	0.00	(0.98)	0.00	0.00	1.42	(2.14)	6.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC