IShares Core Correlations

USRT Etf

USD 56.59 0.70 1.22%

The current 90-days correlation between iShares Core REIT and iShares Global REIT is 0.98 (i.e., Almost no diversification). The correlation of IShares Core 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 Core Correlation With Market

Good diversification

The correlation between iShares Core REIT and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core REIT and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares Core REIT. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with IShares Etf

0.74	VNQ	Vanguard Real Estate	Pair Corr
0.95	XLRE	Real Estate	Pair Corr
0.95	IYR	iShares Real Estate	Pair Corr
0.95	ICF	iShares Cohen Steers	Pair Corr
0.89	IRET	iREIT MarketVector	Pair Corr
1.0	RWR	SPDR Dow Jones	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.67	IBM	International Business	Pair Corr
0.69	GE	GE Aerospace	Pair Corr

Moving against IShares Etf

0.31

MSFT

Microsoft

Pair Corr

Related Correlations Analysis

	REET	FREL	REZ	SCHH	BBRE
REET		0.98	0.84	0.76	0.97	REET
FREL	0.98		0.88	0.79	0.97	FREL
REZ	0.84	0.88		0.78	0.78	REZ
SCHH	0.76	0.79	0.78		0.71	SCHH
BBRE	0.97	0.97	0.78	0.71		BBRE
	REET	FREL	REZ	SCHH	BBRE

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IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
REET	0.74	0.01	0.07	(0.39)	0.98	(0.73)	1.57	(1.56)	4.24
FREL	0.83	0.02	0.07	(2.83)	1.07	(0.85)	1.51	(1.68)	4.52
REZ	0.91	0.06	0.12	(1.39)	1.00	(1.00)	1.59	(1.74)	4.38
SCHH	0.91	(0.01)	0.00	(0.08)	0.00	0.00	1.56	(1.82)	4.43
BBRE	0.82	(0.01)	0.00	0.54	0.00	0.00	1.64	(1.78)	4.70

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