IShares ESG Correlations

Etfs . USA . 
Etf . iShares ESG Screened
XJR Etf  USD 41.49  0.50  1.22%   
The current 90-days correlation between iShares ESG Screened and iShares ESG Screened is 0.96 (i.e., Almost no diversification). The correlation of IShares ESG 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 ESG Correlation With Market

Modest diversification

The correlation between iShares ESG Screened and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares ESG Screened and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in iShares ESG Screened. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with IShares Etf

  0.99VB Vanguard Small CapPairCorr
  1.0IJR iShares Core SPPairCorr
  1.0IWM iShares Russell 2000PairCorr
  1.0VRTIX Vanguard Russell 2000PairCorr
  1.0VTWO Vanguard Russell 2000PairCorr
  1.0FNDA Schwab Fundamental SmallPairCorr
  1.0SPSM SPDR Portfolio SPPairCorr
  1.0DFAS Dimensional Small CapPairCorr
  1.0VIOO Vanguard SP SmallPairCorr
  1.0PRFZ Invesco FTSE RAFIPairCorr
  0.87UPRO ProShares UltraPro SP500PairCorr
  0.65QTOC Innovator ETFs TrustPairCorr
  0.8XTOC Innovator ETFs TrustPairCorr
  0.65QTAP Innovator Growth 100PairCorr
  0.62XDJA Innovator ETFs TrustPairCorr
  0.73XTAP Innovator Equity AccPairCorr
  0.88BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.67TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.66AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.7CSCO Cisco SystemsPairCorr
  0.81JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.68DIS Walt DisneyPairCorr
  0.62HD Home DepotPairCorr
  0.77CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr

Moving against IShares Etf

  0.56KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Related Correlations Analysis

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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   
EMXF
+ 0.93
DMXF
USXF
+ 0.9
XJH
USXF
+ 0.83
XVV
XVV
+ 0.75
XJH
  
High negative correlations   
EMXF
- 0.61
XVV
DMXF
- 0.5
XVV
EMXF
- 0.41
USXF
EMXF
- 0.3
XJH
DMXF
- 0.29
USXF
DMXF
- 0.16
XJH

IShares ESG Constituents Risk-Adjusted Indicators

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

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