IShares Trust Correlations

IBDV Etf  USD 21.15  0.15  0.70%   
The current 90-days correlation between iShares Trust and iShares Trust is 0.97 (i.e., Almost no diversification). The correlation of IShares Trust 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 Trust Correlation With Market

ISharesDowDiversified AwayISharesDowDiversified Away100%

Modest diversification

The correlation between iShares Trust and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Trust . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

  0.75SMI VanEck Vectors ETFPairCorr
  0.64DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.74HD Home DepotPairCorr
  0.71MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.72VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr

Moving against IShares Etf

  0.47IBDO ISharesPairCorr
  0.45BSCO Invesco BulletShares 2024PairCorr
  0.45BSCN InvescoPairCorr
  0.45BSCP Invesco BulletShares 2025PairCorr
  0.44IBDP iShares iBonds DecPairCorr
  0.41IBDQ iShares iBonds DecPairCorr
  0.41IBTD ISharesPairCorr

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   
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IBDSIBDT
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High negative correlations   
IBDQIBDU
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IShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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.