IShares Global Correlations
| ICLN Etf | USD 11.72 0.07 0.59% |
The current 90-days correlation between iShares Global Clean and Invesco Solar ETF is 0.85 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Global Clean moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
IShares Global Correlation With Market
Modest diversification
The correlation between iShares Global Clean and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Clean and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving against IShares Etf
| 0.33 | BOTZ | Global X Robotics | PairCorr |
| 0.59 | JPM | JPMorgan Chase | PairCorr |
| 0.54 | WMT | Walmart Aggressive Push | PairCorr |
| 0.49 | HD | Home Depot | PairCorr |
| 0.36 | DIS | Walt Disney | PairCorr |
| 0.36 | CSCO | Cisco Systems | PairCorr |
| 0.32 | GE | GE Aerospace | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
IShares Global Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TAN | 1.70 | (0.10) | 0.00 | (0.47) | 0.00 | 2.95 | 8.81 | |||
| QCLN | 1.58 | (0.22) | 0.00 | (0.32) | 0.00 | 2.25 | 9.45 | |||
| PBW | 2.05 | (0.17) | 0.00 | (0.25) | 0.00 | 3.31 | 11.53 | |||
| LIT | 1.02 | (0.09) | 0.00 | (0.29) | 0.00 | 1.91 | 5.44 | |||
| ARKG | 2.53 | 0.07 | 0.00 | (0.03) | 0.00 | 4.77 | 13.68 |