IShares SP Correlations

IJS Etf

USD 105.75 0.18 0.17%

The current 90-days correlation between iShares SP Small and iShares SP Small Cap is 0.92 (i.e., Almost no diversification). The correlation of IShares SP 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 SP Correlation With Market

Very weak diversification

The correlation between iShares SP Small Cap and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP Small Cap 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 SP Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with IShares Etf

0.94	VBR	Vanguard Small Cap	Pair Corr
0.97	IWN	iShares Russell 2000	Pair Corr
0.95	DFAT	Dimensional Targeted	Pair Corr
1.0	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.98	DES	WisdomTree SmallCap	Pair Corr
0.87	MDYV	SPDR SP 400	Pair Corr
0.9	CALF	Pacer Small Cap	Pair Corr
0.91	REGL	ProShares SP MidCap	Pair Corr
0.8	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.66	HD	Home Depot	Pair Corr

Moving against IShares Etf

0.58

AMPD

Tidal Trust II

Pair Corr

Related Correlations Analysis

	IJT	IJJ	IJK	IVE	IVW
IJT		0.92	0.97	0.82	0.09	IJT
IJJ	0.92		0.94	0.89	0.18	IJJ
IJK	0.97	0.94		0.75	0.17	IJK
IVE	0.82	0.89	0.75		0.14	IVE
IVW	0.09	0.18	0.17	0.14		IVW
	IJT	IJJ	IJK	IVE	IVW

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IShares SP Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SP 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 SP'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
IJT	0.78	(0.20)	0.00	(0.25)	0.00	0.00	1.52	(1.88)	5.03
IJJ	0.66	(0.11)	0.00	(0.16)	0.00	0.00	1.20	(1.49)	4.60
IJK	0.73	(0.18)	0.00	(0.27)	0.00	0.00	1.29	(2.09)	4.96
IVE	0.49	(0.07)	0.00	(0.14)	0.00	0.00	1.00	(1.11)	2.73
IVW	0.89	0.02	0.01	0.05	1.21	(0.91)	1.73	(2.35)	5.96

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