IShares Trust Correlations

IBIF Etf

26.01 0.04 0.15%

The current 90-days correlation between iShares Trust and Vanguard Short Term Inflation Protected is 0.15 (i.e., Average 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.

IShares Trust Correlation With Market

Modest diversification

The correlation between iShares Trust and DJI is 0.26 (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 gross domestic product.

For more detail on how to invest in IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

0.96	IBDQ	iShares iBonds Dec	Pair Corr
0.92	BSCQ	Invesco BulletShares 2026	Pair Corr
0.92	IBDR	iShares iBonds Dec	Pair Corr
0.99	IBDS	iShares iBonds Dec	Pair Corr
0.94	GHTA	Collaborative Investment	Pair Corr
0.82	INTL	Main International ETF	Pair Corr
0.81	LBAY	Tidal ETF Trust	Pair Corr
0.95	SPEU	SPDR Portfolio Europe	Pair Corr
0.93	BKAG	BNY Mellon Core	Pair Corr
0.77	USTB	VictoryShares USAA Core	Pair Corr
0.82	MNA	IQ Merger Arbitrage	Pair Corr
0.78	DEM	WisdomTree Emerging	Pair Corr
0.79	QHY	WisdomTree Short Term Symbol Change	Pair Corr
0.91	UBND	Victory Portfolios	Pair Corr
0.93	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.84	AIVI	WisdomTree International	Pair Corr
0.77	SCHO	Schwab Short Term Sell-off Trend	Pair Corr
0.82	BIDD	BlackRock ETF Trust	Pair Corr
0.76	TCHI	iShares MSCI China	Pair Corr
0.85	CAAA	First Trust Exchange	Pair Corr
0.68	TWM	ProShares UltraShort	Pair Corr
0.91	EMB	iShares JP Morgan Symbol Change	Pair Corr
0.91	VGK	Vanguard FTSE Europe	Pair Corr
0.77	BOIL	ProShares Ultra Bloomberg	Pair Corr
0.9	HCRB	Hartford Core Bond	Pair Corr
0.77	NTSE	WisdomTree Emerging	Pair Corr
0.95	GSEU	Goldman Sachs ActiveBeta	Pair Corr

Moving against IShares Etf

0.68	USD	ProShares Ultra Semi	Pair Corr
0.58	FNGS	MicroSectors FANG ETN	Pair Corr
0.55	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.53	FNGO	MicroSectors FANG Index	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.23	0.69	-0.47	0.5	0.31	0.07	0.89	-0.78	0.2	META
MSFT	-0.23		-0.65	0.44	-0.75	0.62	0.88	-0.08	0.54	-0.16	MSFT
UBER	0.69	-0.65		-0.51	0.8	-0.22	-0.56	0.62	-0.86	0.42	UBER
F	-0.47	0.44	-0.51		-0.27	0.21	0.3	-0.37	0.66	0.25	F
T	0.5	-0.75	0.8	-0.27		-0.51	-0.65	0.32	-0.7	0.39	T
A	0.31	0.62	-0.22	0.21	-0.51		0.72	0.54	0.15	0.04	A
CRM	0.07	0.88	-0.56	0.3	-0.65	0.72		0.16	0.36	-0.19	CRM
JPM	0.89	-0.08	0.62	-0.37	0.32	0.54	0.16		-0.67	0.23	JPM
MRK	-0.78	0.54	-0.86	0.66	-0.7	0.15	0.36	-0.67		-0.24	MRK
XOM	0.2	-0.16	0.42	0.25	0.39	0.04	-0.19	0.23	-0.24		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

JPM	+ 0.89	META
CRM	+ 0.88	MSFT
T	+ 0.8	UBER
CRM	+ 0.72	A
UBER	+ 0.69	META
MRK	+ 0.66	F

High negative correlations

MRK	- 0.86	UBER
MRK	- 0.78	META
T	- 0.75	MSFT
MRK	- 0.7	T
MRK	- 0.67	JPM
CRM	- 0.65	T

IShares Trust Competition 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.59	0.08	0.00	(0.03)	0.00	0.00	2.57	(3.59)	8.90
MSFT	1.10	(0.12)	0.00	(0.30)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.92	0.20	0.10	0.28	2.38	(2.01)	4.72	(3.30)	12.75
F	1.42	0.05	0.00	(0.06)	0.00	0.00	2.71	(2.89)	10.14
T	1.07	0.24	0.16	0.33	1.64	(1.12)	1.90	(2.12)	11.66
A	1.16	(0.12)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.45	(0.26)	0.00	(0.35)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.04	0.00	(0.08)	0.00	0.00	1.99	(3.35)	6.85
MRK	1.21	(0.12)	0.00	1.56	0.00	0.00	2.08	(2.24)	11.57
XOM	1.04	0.04	0.07	(0.02)	1.37	(1.07)	2.55	(2.36)	5.89

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