IShares Real Correlations

IYR Etf

USD 94.42 0.90 0.94%

The current 90-days correlation between iShares Real Estate and SPDR Dow Jones is 0.99 (i.e., No risk reduction). The correlation of IShares Real 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 Real Correlation With Market

Very weak diversification

The correlation between iShares Real Estate and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Real Estate 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 Real Estate. 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

1.0	VNQ	Vanguard Real Estate	Pair Corr
1.0	XLRE	Real Estate	Pair Corr
0.99	ICF	iShares Cohen Steers	Pair Corr
0.96	USRT	iShares Core REIT	Pair Corr
0.69	IRET	iREIT MarketVector	Pair Corr
0.95	RWR	SPDR Dow Jones	Pair Corr
0.66	BABX	GraniteShares 175x Long	Pair Corr
0.65	XPP	ProShares Ultra FTSE	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.73	IBM	International Business	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.67	VZ	Verizon Communications	Pair Corr
0.7	KO	Coca Cola	Pair Corr

Moving against IShares Etf

0.38

MSFT

Microsoft

Pair Corr

Related Correlations Analysis

	ICF	IYM	RWR	IYZ	IYF
ICF		0.65	0.96	0.78	0.5	ICF
IYM	0.65		0.65	0.79	0.79	IYM
RWR	0.96	0.65		0.83	0.6	RWR
IYZ	0.78	0.79	0.83		0.78	IYZ
IYF	0.5	0.79	0.6	0.78		IYF
	ICF	IYM	RWR	IYZ	IYF

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IShares Real Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Real 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 Real'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
ICF	0.91	0.00	(0.07)	1.74	(1.83)	4.81
IYM	0.79	0.01	(0.05)	1.43	(1.89)	5.06
RWR	0.91	(0.03)	(0.11)	1.64	(2.11)	4.68
IYZ	0.74	0.02	(0.05)	1.40	(1.93)	4.81
IYF	0.84	0.05	(0.02)	1.52	(2.51)	6.03

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