IShares Core Correlations

IUSV Etf

USD 95.43 0.10 0.10%

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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Core Correlation With Market

Poor diversification

The correlation between iShares Core SP and DJI is 0.63 (i.e., Poor 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

0.89	VTV	Vanguard Value Index	Pair Corr
0.75	VYM	Vanguard High Dividend	Pair Corr
0.92	IWD	iShares Russell 1000	Pair Corr
0.89	DGRO	iShares Core Dividend	Pair Corr
1.0	IVE	iShares SP 500	Pair Corr
0.97	DVY	iShares Select Dividend	Pair Corr
1.0	SPYV	SPDR Portfolio SP	Pair Corr
0.98	FVD	First Trust Value	Pair Corr
0.96	NOBL	ProShares SP 500 Low Volatility	Pair Corr
0.83	SMI	VanEck Vectors ETF	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.78	VZ	Verizon Communications Aggressive Push	Pair Corr
0.62	XOM	Exxon Mobil Corp	Pair Corr

Moving against IShares Etf

0.67	VXX	iPath Series B Low Volatility	Pair Corr
0.37	BA	Boeing	Pair Corr

Related Correlations Analysis

	IUSG	IXUS	USIG	ITOT	IUSB
IUSG		0.58	0.17	0.78	0.19	IUSG
IXUS	0.58		0.72	0.76	0.76	IXUS
USIG	0.17	0.72		0.64	0.99	USIG
ITOT	0.78	0.76	0.64		0.65	ITOT
IUSB	0.19	0.76	0.99	0.65		IUSB
	IUSG	IXUS	USIG	ITOT	IUSB

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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
IUSG	0.89	0.01	0.01	0.03	1.23	(0.93)	1.69	(2.25)	5.66
IXUS	0.56	0.07	0.09	0.16	0.71	(0.59)	1.24	(1.04)	3.39
USIG	0.26	0.00	0.00	0.03	0.29	(0.28)	0.66	(0.48)	1.50
ITOT	0.64	(0.03)	0.00	(0.06)	0.00	0.00	1.17	(1.55)	3.94
IUSB	0.23	0.01	0.01	0.06	0.24	(0.24)	0.53	(0.46)	1.25

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