IShares Inflation Correlations

LQDI Etf

USD 26.00 0.02 0.08%

The current 90-days correlation between iShares Inflation Hedged and iShares Interest Rate is 0.23 (i.e., Modest diversification). The correlation of IShares Inflation 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 Inflation Correlation With Market

Modest diversification

The correlation between iShares Inflation Hedged and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Inflation Hedged and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares Inflation Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with IShares Etf

0.86	LQD	iShares iBoxx Investment	Pair Corr
0.87	IGIB	iShares 5 10	Pair Corr
0.87	USIG	iShares Broad USD	Pair Corr
0.88	SPIB	SPDR Barclays Interm	Pair Corr
0.87	SUSC	iShares ESG USD	Pair Corr
0.86	QLTA	iShares Aaa	Pair Corr
0.88	CORP	PIMCO Investment Grade	Pair Corr
0.93	FLCO	Franklin Liberty Inv	Pair Corr
0.94	GIGB	Goldman Sachs Access	Pair Corr
0.87	VTC	Vanguard Total Corporate	Pair Corr
0.88	PMBS	PIMCO Mortgage Backed	Pair Corr
0.8	YCL	ProShares Ultra Yen	Pair Corr
0.87	FXY	Invesco CurrencyShares	Pair Corr
0.78	GDXU	MicroSectors Gold Miners	Pair Corr
0.78	MMM	3M Company	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr
0.83	KO	Coca Cola Sell-off Trend	Pair Corr
0.84	IBM	International Business	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.75	MCD	McDonalds	Pair Corr

Moving against IShares Etf

0.68	MRK	Merck Company	Pair Corr
0.63	MSFT	Microsoft Aggressive Push	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.37	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	LQDH	HYGH	IGEB	IGBH	BYLD
LQDH		0.89	0.5	0.93	0.6	LQDH
HYGH	0.89		0.33	0.85	0.46	HYGH
IGEB	0.5	0.33		0.41	0.98	IGEB
IGBH	0.93	0.85	0.41		0.51	IGBH
BYLD	0.6	0.46	0.98	0.51		BYLD
	LQDH	HYGH	IGEB	IGBH	BYLD

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IShares Inflation Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Inflation 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 Inflation'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
LQDH	0.12	0.00	0.20	0.02	0.12	(0.13)	0.25	(0.30)	0.75
HYGH	0.23	0.01	0.17	0.05	0.20	(0.30)	0.52	(0.45)	1.28
IGEB	0.25	0.00	0.12	0.02	0.29	(0.27)	0.52	(0.45)	1.50
IGBH	0.19	0.00	0.14	(0.10)	0.22	(0.20)	0.41	(0.42)	1.03
BYLD	0.19	0.02	0.19	0.14	0.17	(0.23)	0.46	(0.32)	1.36

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