IShares Trust Correlations

Etfs . USA . 
Etf . iShares Trust
LQDW Etf  USD 26.28  0.03  0.11%   
The current 90-days correlation between iShares Trust and iShares Trust is 0.4 (i.e., Very weak diversification). The correlation of IShares Trust 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 Trust Correlation With Market

Good diversification

The correlation between iShares Trust and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust 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 Trust . 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.
For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

  0.79NUSI NEOS ETF Trust Symbol ChangePairCorr
  0.68KNG FT Cboe VestPairCorr
  0.92SIXH ETC 6 MeridianPairCorr
  0.93IDME International Drawdown Low VolatilityPairCorr
  0.93T ATT Inc Earnings Call This WeekPairCorr
  0.79MCD McDonaldsPairCorr
  0.72PG Procter GamblePairCorr
  0.75MMM 3M CompanyPairCorr
  0.79TRV The Travelers CompaniesPairCorr
  0.65CSCO Cisco SystemsPairCorr

Moving against IShares Etf

  0.43UPRO ProShares UltraPro SP500PairCorr
  0.37JEPQ JPMorgan Nasdaq EquityPairCorr
  0.35QTOC Innovator ETFs TrustPairCorr
  0.31RYLD Global X RussellPairCorr
  0.31QTJA Innovator ETFs TrustPairCorr
  0.7AA Alcoa CorpPairCorr
  0.58MRK Merck CompanyPairCorr
  0.56CAT CaterpillarPairCorr
  0.45DIS Walt DisneyPairCorr
  0.44BAC Bank of America Sell-off TrendPairCorr
  0.38HD Home DepotPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
OARK
+ 0.92
SVOL
TSLY
+ 0.78
OARK
TSLY
+ 0.66
SVOL
TLTW
+ 0.59
HYGW
SVOL
+ 0.22
HYGW
  
High negative correlations   
TSLY
- 0.75
TLTW
OARK
- 0.56
TLTW
TSLY
- 0.48
HYGW
SVOL
- 0.39
TLTW
OARK
- 0.01
HYGW

IShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY