IShares Russell Correlations

IWF Etf

USD 369.90 1.70 0.46%

The current 90-days correlation between iShares Russell 1000 and Invesco ESG NASDAQ is 0.98 (i.e., Almost no diversification). The correlation of IShares Russell 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 Russell Correlation With Market

Poor diversification

The correlation between iShares Russell 1000 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 Russell 1000 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 Russell 1000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

1.0	VUG	Vanguard Growth Index	Pair Corr
0.99	IVW	iShares SP 500	Pair Corr
0.99	SPYG	SPDR Portfolio SP	Pair Corr
0.99	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
0.99	QQQM	Invesco NASDAQ 100	Pair Corr
1.0	IWY	iShares Russell Top	Pair Corr
0.89	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.89	HPQ	HP Inc	Pair Corr
0.91	AXP	American Express Sell-off Trend	Pair Corr
0.65	WMT	Walmart Aggressive Push	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.83	BAC	Bank of America Sell-off Trend	Pair Corr

Moving against IShares Etf

0.72	PMBS	PIMCO Mortgage Backed	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr
0.67	FXY	Invesco CurrencyShares	Pair Corr
0.67	AMPD	Tidal Trust II	Pair Corr
0.57	T	ATT Inc Earnings Call Today	Pair Corr
0.76	TRV	The Travelers Companies	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.61	KO	Coca Cola	Pair Corr
0.49	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.43	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.31	MMM	3M Company	Pair Corr

Related Correlations Analysis

	QQMG	NWLG	LCG	MMLG	QQQA
QQMG		0.98	0.86	0.71	0.7	QQMG
NWLG	0.98		0.87	0.76	0.75	NWLG
LCG	0.86	0.87		0.8	0.83	LCG
MMLG	0.71	0.76	0.8		0.97	MMLG
QQQA	0.7	0.75	0.83	0.97		QQQA
	QQMG	NWLG	LCG	MMLG	QQQA

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IShares Russell Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Russell 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 Russell'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
QQMG	1.14	(0.08)	(0.15)	1.84	(3.12)	6.11
NWLG	1.10	(0.09)	(0.15)	1.80	(3.13)	6.83
LCG	1.09	(0.06)	(0.13)	1.76	(2.73)	6.19
MMLG	1.26	(0.15)	0.74	2.20	(2.79)	7.74
QQQA	1.49	(0.15)	0.76	2.27	(3.02)	9.66

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