IShares Trust Correlations

IBDW Etf

USD 20.30 0.03 0.15%

The current 90-days correlation between iShares Trust and iShares Trust is 0.9 (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

Average diversification

The correlation between iShares Trust and DJI is 0.1 (i.e., Average 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

0.75	DUKH	Ocean Park High	Pair Corr
0.78	SMI	VanEck Vectors ETF	Pair Corr
0.65	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.64	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.74	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Moving against IShares Etf

0.45	BSCN	Invesco	Pair Corr
0.45	IBDO	IShares	Pair Corr
0.44	BSCO	Invesco BulletShares 2024	Pair Corr
0.43	BSCP	Invesco BulletShares 2025	Pair Corr
0.42	IBDP	iShares iBonds Dec	Pair Corr
0.4	IBTD	IShares	Pair Corr
0.39	IBDQ	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	IBDV	IBDU	IBDS	IBDT	IBDR
IBDV		0.97	0.47	0.92	-0.08	IBDV
IBDU	0.97		0.6	0.98	0.13	IBDU
IBDS	0.47	0.6		0.7	0.78	IBDS
IBDT	0.92	0.98	0.7		0.27	IBDT
IBDR	-0.08	0.13	0.78	0.27		IBDR
	IBDV	IBDU	IBDS	IBDT	IBDR

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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

IBDT	+ 0.98	IBDU
IBDU	+ 0.97	IBDV
IBDT	+ 0.92	IBDV
IBDR	+ 0.78	IBDS
IBDT	+ 0.7	IBDS
IBDS	+ 0.6	IBDU

High negative correlations

IBDR

- 0.08

IBDV

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IBDV	0.19	(0.03)	0.00	(0.56)	0.00	0.38	(0.42)	1.64
IBDU	0.16	(0.02)	0.00	(0.61)	0.00	0.26	(0.31)	1.36
IBDS	0.09	(0.01)	0.00	(2.51)	0.00	0.17	(0.17)	0.67
IBDT	0.12	(0.02)	0.00	(0.40)	0.00	0.24	(0.28)	1.00
IBDR	0.06	0.00	(0.22)	0.57	(0.08)	0.13	(0.12)	0.33

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