IShares Trust Correlations

IBIG Etf

25.71 0.05 0.19%

The current 90-days correlation between iShares Trust and Invesco BulletShares 2025 is 0.17 (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

Weak diversification

The correlation between iShares Trust and DJI is 0.33 (i.e., Weak 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

0.71	IBDS	iShares iBonds Dec	Pair Corr
0.68	JPM	JPMorgan Chase	Pair Corr
0.75	IBM	International Business	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.69	GE	GE Aerospace Sell-off Trend	Pair Corr

Moving against IShares Etf

0.49	USD	ProShares Ultra Semi	Pair Corr
0.45	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.19	0.32	-0.68	0.83	0.61	0.07	0.83	-0.71	-0.51	META
MSFT	-0.19		-0.58	0.11	-0.24	0.18	0.64	-0.35	0.5	-0.21	MSFT
UBER	0.32	-0.58		0.11	0.48	0.01	-0.37	0.56	-0.6	0.47	UBER
F	-0.68	0.11	0.11		-0.38	-0.33	0.18	-0.42	0.5	0.85	F
T	0.83	-0.24	0.48	-0.38		0.34	0.21	0.78	-0.71	-0.19	T
A	0.61	0.18	0.01	-0.33	0.34		0.16	0.67	-0.13	-0.4	A
CRM	0.07	0.64	-0.37	0.18	0.21	0.16		-0.13	0.29	-0.09	CRM
JPM	0.83	-0.35	0.56	-0.42	0.78	0.67	-0.13		-0.73	-0.21	JPM
MRK	-0.71	0.5	-0.6	0.5	-0.71	-0.13	0.29	-0.73		0.16	MRK
XOM	-0.51	-0.21	0.47	0.85	-0.19	-0.4	-0.09	-0.21	0.16		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

XOM	+ 0.85	F
T	+ 0.83	META
JPM	+ 0.83	META
JPM	+ 0.78	T
JPM	+ 0.67	A
CRM	+ 0.64	MSFT

High negative correlations

MRK	- 0.73	JPM
MRK	- 0.71	T
MRK	- 0.71	META
F	- 0.68	META
MRK	- 0.6	UBER
UBER	- 0.58	MSFT

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	1.22	0.34	0.21	0.81	1.22	(1.31)	3.22	(1.95)	7.11
MSFT	0.99	(0.05)	0.00	(0.20)	0.00	0.00	2.20	(2.14)	10.31
UBER	1.85	0.18	0.06	(1.34)	2.79	(1.88)	4.72	(5.35)	12.29
F	1.35	(0.21)	0.00	(0.31)	0.00	0.00	2.46	(2.90)	11.01
T	0.94	0.24	0.21	0.39	0.93	(1.10)	1.91	(1.75)	7.94
A	1.13	(0.02)	0.00	(0.02)	0.00	0.00	2.81	(2.42)	6.12
CRM	1.50	0.04	0.02	0.07	1.83	(1.65)	3.70	(2.95)	15.92
JPM	0.80	0.24	0.24	0.40	0.73	(0.95)	1.92	(1.39)	5.01
MRK	1.18	(0.31)	0.00	(1.07)	0.00	0.00	2.00	(2.13)	11.57
XOM	0.89	(0.15)	0.00	(0.26)	0.00	0.00	1.72	(2.14)	5.69

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