ISharesGlobal 100 Correlations

IOO Etf

159.07 0.22 0.14%

The current 90-days correlation between iSharesGlobal 100 and BetaShares Geared Equity is -0.02 (i.e., Good diversification). The correlation of ISharesGlobal 100 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.

ISharesGlobal 100 Correlation With Market

Modest diversification

The correlation between iSharesGlobal 100 and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iSharesGlobal 100 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ISharesGlobal 100 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISharesGlobal 100 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ISharesGlobal 100 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iSharesGlobal 100 to buy it.

Moving together with ISharesGlobal Etf

0.95	GPEQ	VanEck Global Listed	Pair Corr
0.86	CRYP	BetaShares Crypto	Pair Corr
0.73	GEAR	BetaShares Geared	Pair Corr
0.67	SEMI	Global X Semiconductor	Pair Corr
0.95	RBTZ	BetaShares Global	Pair Corr

Moving against ISharesGlobal Etf

0.76	GGOV	BetaShares Global	Pair Corr
0.59	AGVT	BetaShares Australian	Pair Corr
0.58	ILB	iShares UBS Government	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.32	0.11	0.06	0.47	0.22	0.66	0.44	-0.43	0.42	META
MSFT	0.32		-0.24	0.08	0.27	0.13	0.2	0.12	0.15	-0.51	MSFT
UBER	0.11	-0.24		0.02	-0.55	0.18	-0.38	-0.34	0.29	0.39	UBER
F	0.06	0.08	0.02		0.33	-0.45	0.43	0.61	-0.42	0.35	F
T	0.47	0.27	-0.55	0.33		-0.34	0.87	0.85	-0.74	0.06	T
A	0.22	0.13	0.18	-0.45	-0.34		-0.29	-0.48	0.58	-0.05	A
CRM	0.66	0.2	-0.38	0.43	0.87	-0.29		0.92	-0.85	0.31	CRM
JPM	0.44	0.12	-0.34	0.61	0.85	-0.48	0.92		-0.87	0.28	JPM
MRK	-0.43	0.15	0.29	-0.42	-0.74	0.58	-0.85	-0.87		-0.41	MRK
XOM	0.42	-0.51	0.39	0.35	0.06	-0.05	0.31	0.28	-0.41		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

JPM	+ 0.92	CRM
CRM	+ 0.87	T
JPM	+ 0.85	T
CRM	+ 0.66	META
JPM	+ 0.61	F
MRK	+ 0.58	A

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.85	CRM
MRK	- 0.74	T
T	- 0.55	UBER
XOM	- 0.51	MSFT
JPM	- 0.48	A

ISharesGlobal 100 Competition Risk-Adjusted Indicators

There is a big difference between ISharesGlobal Etf performing well and ISharesGlobal 100 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 ISharesGlobal 100'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	1.15	0.26	0.13	0.63	1.17	(1.34)	3.22	(1.87)	8.02
MSFT	0.88	0.07	0.01	0.23	1.35	(0.87)	2.09	(1.57)	8.19
UBER	1.78	(0.22)	0.00	(0.07)	0.00	0.00	2.69	(2.88)	20.41
F	1.43	(0.15)	(0.04)	0.01	2.22	(1.41)	2.53	(2.90)	11.21
T	0.98	0.15	0.03	3.35	1.06	(1.06)	2.36	(1.99)	6.74
A	1.22	0.01	(0.04)	0.14	1.48	(1.28)	2.71	(2.41)	9.02
CRM	1.46	0.39	0.28	0.39	1.01	(1.68)	3.59	(1.93)	13.87
JPM	1.08	(0.02)	0.05	0.10	1.30	(1.20)	1.73	(1.44)	15.87
MRK	0.92	(0.22)	0.00	(0.77)	0.00	0.00	2.00	(2.17)	4.89
XOM	0.96	(0.05)	0.00	(0.07)	0.00	0.00	1.83	(2.65)	6.06

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Our tools can tell you how much better you can do entering a position in ISharesGlobal 100 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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