IShares SP Correlations

IVW Etf

USD 99.94 0.72 0.72%

The current 90-days correlation between iShares SP 500 and FT Vest Equity is 0.58 (i.e., Very weak diversification). The correlation of IShares SP 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 SP Correlation With Market

Poor diversification

The correlation between iShares SP 500 and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP 500 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 SP 500. 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

1.0	VUG	Vanguard Growth Index	Pair Corr
1.0	IWF	iShares Russell 1000	Pair Corr
1.0	SPYG	SPDR Portfolio SP	Pair Corr
1.0	IUSG	iShares Core SP	Pair Corr
1.0	VONG	Vanguard Russell 1000	Pair Corr
1.0	MGK	Vanguard Mega Cap	Pair Corr
1.0	VRGWX	Vanguard Russell 1000	Pair Corr
0.98	MTUM	iShares MSCI USA	Pair Corr
1.0	QQQM	Invesco NASDAQ 100	Pair Corr
0.99	UPRO	ProShares UltraPro SP500	Pair Corr
0.98	QTJA	Innovator ETFs Trust	Pair Corr
0.88	QTOC	Innovator ETFs Trust	Pair Corr
0.86	XTOC	Innovator ETFs Trust	Pair Corr
0.99	QTAP	Innovator Growth 100	Pair Corr
0.88	TSJA	TSJA	Pair Corr
0.97	XTJA	Innovator ETFs Trust	Pair Corr
0.88	DSJA	DSJA	Pair Corr
0.98	XDJA	Innovator ETFs Trust	Pair Corr
0.99	XTAP	Innovator Equity Acc	Pair Corr
0.84	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.75	DIS	Walt Disney Aggressive Push	Pair Corr
0.95	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.91	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.91	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	T	ATT Inc Aggressive Push	Pair Corr
0.79	HD	Home Depot Sell-off Trend	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against IShares Etf

0.83	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.78	KO	Coca Cola Sell-off Trend	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		-0.11	0.52	-0.41	0.01	-0.31	-0.33	0.23	-0.3	DHDG
MBCC	-0.11		-0.43	0.92	0.67	0.96	0.95	-0.96	0.95	MBCC
DIHP	0.52	-0.43		-0.63	0.03	-0.54	-0.56	0.47	-0.58	DIHP
DJAN	-0.41	0.92	-0.63		0.53	0.99	0.99	-0.96	0.99	DJAN
MDLV	0.01	0.67	0.03	0.53		0.61	0.6	-0.59	0.56	MDLV
DJUL	-0.31	0.96	-0.54	0.99	0.61		1.0	-0.99	0.99	DJUL
DJUN	-0.33	0.95	-0.56	0.99	0.6	1.0		-0.99	1.0	DJUN
SH	0.23	-0.96	0.47	-0.96	-0.59	-0.99	-0.99		-0.99	SH
VV	-0.3	0.95	-0.58	0.99	0.56	0.99	1.0	-0.99		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

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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

DJUN	+ 1.0	DJUL
VV	+ 1.0	DJUN
DJUL	+ 0.99	DJAN
DJUN	+ 0.99	DJAN
VV	+ 0.99	DJAN
VV	+ 0.99	DJUL

High negative correlations

VV	- 0.99	SH
SH	- 0.99	DJUN
SH	- 0.99	DJUL
SH	- 0.96	DJAN
SH	- 0.96	MBCC
DJAN	- 0.63	DIHP

IShares SP Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SP 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 SP'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
DHDG	0.28	0.04	(0.11)	0.28	0.26	(0.29)	0.53	(0.68)	2.01
MBCC	0.53	0.00	(0.05)	0.12	0.59	(0.54)	1.12	(1.07)	3.36
DIHP	0.62	(0.17)	0.00	(0.24)	0.00	0.00	1.01	(1.53)	3.83
DJAN	0.17	0.00	(0.26)	0.14	0.18	(0.19)	0.42	(0.34)	1.25
MDLV	0.41	0.00	(0.15)	0.12	0.41	(0.44)	0.79	(0.80)	2.04
DJUL	0.29	0.00	(0.14)	0.12	0.32	(0.32)	0.60	(0.65)	2.11
DJUN	0.29	0.01	(0.13)	0.14	0.31	(0.31)	0.64	(0.67)	2.00
SH	0.54	0.01	0.00	0.11	0.00	0.00	1.37	(1.13)	4.64
VV	0.56	0.00	(0.01)	0.13	0.70	(0.57)	1.19	(1.27)	3.79

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