IShares Financials Correlations

IYF Etf

USD 114.34 2.11 1.88%

The current 90-days correlation between iShares Financials ETF and iShares Financial Services is 0.99 (i.e., No risk reduction). The correlation of IShares Financials 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Financials ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

0.98	XLF	Financial Select Sector Aggressive Push	Pair Corr
0.99	VFH	Vanguard Financials Index	Pair Corr
0.86	KRE	SPDR SP Regional Aggressive Push	Pair Corr
0.89	KBE	SPDR SP Bank	Pair Corr
0.99	FNCL	Fidelity MSCI Financials	Pair Corr
0.99	IYG	iShares Financial	Pair Corr
0.9	FXO	First Trust Financials	Pair Corr
0.76	IAT	iShares Regional Banks	Pair Corr
0.87	CPST	Calamos ETF Trust	Pair Corr
0.66	AXP	American Express	Pair Corr
0.75	WMT	Walmart	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr

Moving against IShares Etf

0.49	BITI	ProShares Trust Downward Rally	Pair Corr
0.49	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	IYG	IYJ	IYC	IYH	IYM
IYG		0.91	0.79	0.5	0.73	IYG
IYJ	0.91		0.9	0.26	0.57	IYJ
IYC	0.79	0.9		0.02	0.28	IYC
IYH	0.5	0.26	0.02		0.75	IYH
IYM	0.73	0.57	0.28	0.75		IYM
	IYG	IYJ	IYC	IYH	IYM

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IShares Financials Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Financials 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 Financials' 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
IYG	0.86	0.02	0.04	1.59	1.27	(0.88)	2.07	(2.03)	6.91
IYJ	0.81	(0.04)	0.00	1.67	0.00	0.00	1.44	(1.77)	4.22
IYC	0.92	(0.16)	0.00	1.03	0.00	0.00	1.75	(2.38)	5.01
IYH	0.63	0.07	0.15	(2.11)	0.58	(0.72)	1.26	(1.09)	3.37
IYM	0.74	0.04	0.09	(0.28)	0.86	(0.82)	1.43	(1.36)	5.06

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IShares Financials Correlations

Moving together with IShares Etf

Moving against IShares Etf

Related Correlations Analysis

IShares Financials Constituents Risk-Adjusted Indicators

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