IShares IBonds Correlations

IBHH Etf

USD 23.33 0.10 0.43%

The current 90-days correlation between iShares iBonds 2028 and iShares iBonds 2027 is -0.04 (i.e., Good diversification). The correlation of IShares IBonds 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.

IShares IBonds Correlation With Market

Significant diversification

The correlation between iShares iBonds 2028 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares iBonds 2028 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 iBonds 2028. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

0.64	BSCP	Invesco BulletShares 2025	Pair Corr
0.66	IBDQ	iShares iBonds Dec	Pair Corr
0.7	BSCQ	Invesco BulletShares 2026 Sell-off Trend	Pair Corr
0.69	IBDR	iShares iBonds Dec Sell-off Trend	Pair Corr
0.65	IBDS	iShares iBonds Dec	Pair Corr
0.68	SWP	SWP Growth Income	Pair Corr
0.8	WINN	Harbor Long Term	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.66	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.67	BAC	Bank of America Earnings Call This Week	Pair Corr
0.68	DIS	Walt Disney	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr

Moving against IShares Etf

0.72	FNGD	MicroSectors FANG Index Buyout Trend	Pair Corr
0.6	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.57	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.75	-0.54	-0.56	0.35	0.46	0.52	0.24	-0.04	-0.62	META
MSFT	0.75		-0.59	-0.27	0.6	0.12	0.69	0.41	-0.23	-0.57	MSFT
UBER	-0.54	-0.59		0.59	-0.67	0.14	-0.81	-0.6	0.7	0.82	UBER
F	-0.56	-0.27	0.59		-0.04	-0.14	-0.19	0.07	0.14	0.82	F
T	0.35	0.6	-0.67	-0.04		-0.15	0.84	0.79	-0.6	-0.4	T
A	0.46	0.12	0.14	-0.14	-0.15		-0.07	-0.26	0.58	0.07	A
CRM	0.52	0.69	-0.81	-0.19	0.84	-0.07		0.82	-0.68	-0.54	CRM
JPM	0.24	0.41	-0.6	0.07	0.79	-0.26	0.82		-0.73	-0.35	JPM
MRK	-0.04	-0.23	0.7	0.14	-0.6	0.58	-0.68	-0.73		0.43	MRK
XOM	-0.62	-0.57	0.82	0.82	-0.4	0.07	-0.54	-0.35	0.43		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.84	T
XOM	+ 0.82	UBER
XOM	+ 0.82	F
JPM	+ 0.82	CRM
JPM	+ 0.79	T
MSFT	+ 0.75	META

High negative correlations

CRM	- 0.81	UBER
MRK	- 0.73	JPM
MRK	- 0.68	CRM
T	- 0.67	UBER
XOM	- 0.62	META
MRK	- 0.6	T

IShares IBonds Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares IBonds 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 IBonds' 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	1.29	0.09	0.06	0.36	1.45	(1.46)	3.22	(3.15)	7.43
MSFT	0.89	0.04	0.03	(0.63)	1.63	(0.80)	1.78	(1.73)	8.14
UBER	1.75	(0.16)	0.00	(1.28)	0.00	0.00	2.67	(5.35)	20.41
F	1.36	(0.09)	0.00	(0.29)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.04	0.03	0.10	1.20	(1.02)	1.91	(1.97)	7.96
A	1.12	(0.06)	0.00	(0.20)	0.00	0.00	2.43	(2.42)	8.06
CRM	1.45	0.19	0.12	0.69	1.46	(1.63)	3.16	(2.88)	14.80
JPM	1.03	0.21	0.17	1.57	1.09	(1.21)	1.65	(1.42)	15.87
MRK	0.94	(0.12)	0.00	(0.54)	0.00	0.00	1.72	(2.13)	5.17
XOM	0.75	(0.24)	0.00	(1.10)	0.00	0.00	1.42	(2.14)	6.06

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