IShares Core Correlations

IUSG Etf

USD 138.98 1.42 1.01%

The current 90-days correlation between iShares Core SP and iShares Core SP is 0.53 (i.e., Very weak diversification). The correlation of IShares Core 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 Core Correlation With Market

Weak diversification

The correlation between iShares Core SP and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core SP 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 Core SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with IShares Etf

0.94	VUG	Vanguard Growth Index	Pair Corr
0.94	IWF	iShares Russell 1000	Pair Corr
1.0	IVW	iShares SP 500	Pair Corr
0.99	SPYG	SPDR Portfolio SP	Pair Corr
0.94	VONG	Vanguard Russell 1000	Pair Corr
0.92	MGK	Vanguard Mega Cap	Pair Corr
0.66	VRGWX	Vanguard Russell 1000	Pair Corr
0.95	QQQM	Invesco NASDAQ 100	Pair Corr
0.89	IWY	iShares Russell Top	Pair Corr
0.82	RXI	iShares Global Consumer	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.63	BA	Boeing	Pair Corr
0.65	AXP	American Express	Pair Corr
0.68	WMT	Walmart	Pair Corr

Moving against IShares Etf

0.42	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.42	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	IUSV	ITOT	IWY	IXUS	VONG
IUSV		0.76	0.03	0.62	0.17	IUSV
ITOT	0.76		0.6	0.76	0.72	ITOT
IWY	0.03	0.6		0.32	0.98	IWY
IXUS	0.62	0.76	0.32		0.44	IXUS
VONG	0.17	0.72	0.98	0.44		VONG
	IUSV	ITOT	IWY	IXUS	VONG

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IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
IUSV	0.50	(0.08)	0.00	(0.14)	0.00	0.00	0.91	(1.07)	2.84
ITOT	0.64	(0.03)	0.00	(0.06)	0.00	0.00	1.17	(1.55)	3.94
IWY	0.91	0.01	0.01	0.04	1.22	(0.96)	1.78	(2.16)	5.60
IXUS	0.56	0.07	0.09	0.16	0.71	(0.59)	1.24	(1.04)	3.39
VONG	0.88	0.01	0.00	0.02	1.18	(0.95)	1.64	(2.21)	5.26

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