IShares Core Correlations

IVV Etf

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The current 90-days correlation between iShares Core SP and iShares Core SP is 0.8 (i.e., Very poor 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

Very weak diversification

The correlation between iShares Core SP and DJI is 0.47 (i.e., Very 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 real.

Moving together with IShares Etf

0.99	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
1.0	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.84	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.8	DFAC	Dimensional Core Equity	Pair Corr
1.0	SPLG	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.65	AXP	American Express	Pair Corr
0.62	IBM	International Business	Pair Corr
0.63	WMT	Walmart Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.34

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	IJH	IJR	IVW	IWM	VOO
IJH		0.95	-0.07	0.94	0.55	IJH
IJR	0.95		-0.24	0.99	0.4	IJR
IVW	-0.07	-0.24		-0.2	0.76	IVW
IWM	0.94	0.99	-0.2		0.43	IWM
VOO	0.55	0.4	0.76	0.43		VOO
	IJH	IJR	IVW	IWM	VOO

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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

IWM	+ 0.99	IJR
IJR	+ 0.95	IJH
IWM	+ 0.94	IJH
VOO	+ 0.76	IVW
VOO	+ 0.55	IJH
VOO	+ 0.43	IWM

High negative correlations

IVW	- 0.24	IJR
IWM	- 0.2	IVW
IVW	- 0.07	IJH

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
IJH	0.69	(0.05)	0.00	(0.07)	0.00	0.00	1.53	(1.21)	5.49
IJR	0.78	(0.08)	0.00	(0.11)	0.00	0.00	1.67	(1.44)	5.93
IVW	0.81	0.08	0.07	0.16	1.08	(0.88)	1.61	(1.86)	5.96
IWM	0.85	(0.08)	0.00	(0.10)	0.00	0.00	1.52	(1.49)	6.27
VOO	0.57	0.03	0.03	0.05	0.83	(0.53)	1.06	(1.29)	3.70

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