IShares Preferred Correlations

PFF Etf

USD 31.37 0.06 0.19%

The current 90-days correlation between iShares Preferred and iShares iBoxx High is 0.76 (i.e., Poor diversification). The correlation of IShares Preferred 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 Preferred Correlation With Market

Very weak diversification

The correlation between iShares Preferred and and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Preferred and and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in iShares Preferred and. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

0.86	PGX	Invesco Preferred ETF Sell-off Trend	Pair Corr
0.98	PFFD	Global X Preferred	Pair Corr
0.86	PGF	Invesco Financial	Pair Corr
0.93	PSK	SPDR ICE Preferred	Pair Corr
0.9	PFXF	VanEck Preferred Sec	Pair Corr
0.87	PFFA	Virtus InfraCap Preferred	Pair Corr
0.71	SWP	SWP Growth Income	Pair Corr
0.8	DUKH	Ocean Park High	Pair Corr
0.65	SMI	VanEck Vectors ETF	Pair Corr
0.61	JPM	JPMorgan Chase	Pair Corr

Moving against IShares Etf

0.55

FNGD

MicroSectors FANG Index

Pair Corr

Related Correlations Analysis

	PGX	HYG	PGF	JNK	LQD
PGX		0.67	0.98	0.69	0.61	PGX
HYG	0.67		0.74	0.99	0.77	HYG
PGF	0.98	0.74		0.76	0.61	PGF
JNK	0.69	0.99	0.76		0.72	JNK
LQD	0.61	0.77	0.61	0.72		LQD
	PGX	HYG	PGF	JNK	LQD

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IShares Preferred Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Preferred 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 Preferred'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
PGX	0.49	0.01	0.00	(0.04)	0.00	0.00	0.87	(0.78)	3.26
HYG	0.23	0.02	0.24	0.04	0.28	(0.23)	0.46	(0.38)	1.43
PGF	0.50	0.02	0.11	(0.01)	0.55	(0.64)	1.09	(0.89)	3.46
JNK	0.23	0.02	0.23	0.02	0.28	(0.23)	0.50	(0.45)	1.49
LQD	0.33	0.01	0.18	0.08	0.37	(0.33)	0.70	(0.55)	1.85

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