IShares Trust Correlations

ITDH Etf

31.64 0.48 1.49%

The current 90-days correlation between iShares Trust and First Trust Multi Asset is -0.05 (i.e., Good 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

Good diversification

The correlation between iShares Trust and DJI is -0.16 (i.e., Good 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 unemployment.

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

0.62	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.68	IDVO	Amplify International	Pair Corr
0.81	IYLD	iShares Morningstar	Pair Corr
0.68	INOV	Innovator ETFs Trust	Pair Corr
0.72	VEA	Vanguard FTSE Developed	Pair Corr
0.67	LQDW	iShares Trust	Pair Corr
0.65	HERO	Global X Video	Pair Corr
0.66	MVRL	ETRACS Monthly Pay	Pair Corr
0.74	IQLT	iShares MSCI Intl	Pair Corr

Moving against IShares Etf

0.76	BIS	ProShares UltraShort	Pair Corr
0.44	TBT	ProShares UltraShort	Pair Corr
0.41	WTID	UBS ETRACS	Pair Corr
0.42	LABD	Direxion Daily SP	Pair Corr
0.33	TWM	ProShares UltraShort	Pair Corr

Related Correlations Analysis

	MDIV	MFUL	DUKQ	MPAY	MPRO	DWAT	MRSK	MSMR	EAOA
MDIV		0.85	0.45	0.43	0.9	0.75	0.37	0.43	0.75	MDIV
MFUL	0.85		0.73	0.5	0.94	0.77	0.69	0.61	0.86	MFUL
DUKQ	0.45	0.73		0.74	0.56	0.77	0.91	0.9	0.78	DUKQ
MPAY	0.43	0.5	0.74		0.4	0.89	0.76	0.83	0.82	MPAY
MPRO	0.9	0.94	0.56	0.4		0.74	0.55	0.45	0.81	MPRO
DWAT	0.75	0.77	0.77	0.89	0.74		0.77	0.8	0.95	DWAT
MRSK	0.37	0.69	0.91	0.76	0.55	0.77		0.79	0.82	MRSK
MSMR	0.43	0.61	0.9	0.83	0.45	0.8	0.79		0.76	MSMR
EAOA	0.75	0.86	0.78	0.82	0.81	0.95	0.82	0.76		EAOA
	MDIV	MFUL	DUKQ	MPAY	MPRO	DWAT	MRSK	MSMR	EAOA

Click cells to compare fundamentals

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IShares Trust Constituents 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MDIV	0.40	0.00	(0.05)	0.76	(0.79)	2.64
MFUL	0.17	(0.01)	(0.13)	0.42	(0.33)	1.15
DUKQ	0.67	(0.05)	(0.14)	1.36	(1.49)	3.90
MPAY	0.66	0.01	(0.05)	1.13	(1.44)	4.67
MPRO	0.32	0.00	(0.07)	0.73	(0.59)	2.02
DWAT	0.60	(0.02)	(0.10)	1.18	(1.51)	3.81
MRSK	0.50	(0.02)	(0.11)	0.91	(1.13)	2.57
MSMR	0.49	(0.03)	(0.14)	1.04	(1.03)	3.68
EAOA	0.50	0.02	(0.02)	1.01	(1.07)	2.98

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