IShares Core Correlations

AGG Etf

USD 101.10 0.20 0.20%

The current 90-days correlation between iShares Core Aggregate and iShares Russell 1000 is 0.11 (i.e., Average 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.

IShares Core Correlation With Market

Poor diversification

The correlation between iShares Core Aggregate and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core Aggregate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares Core Aggregate. 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

1.0	BND	Vanguard Total Bond	Pair Corr
0.96	BIV	Vanguard Intermediate	Pair Corr
1.0	SPAB	SPDR Portfolio Aggregate	Pair Corr
1.0	EAGG	iShares ESG Aggregate	Pair Corr
0.93	FLCB	Franklin Templeton ETF	Pair Corr
0.99	UITB	VictoryShares USAA Core	Pair Corr
0.99	DFCF	Dimensional ETF Trust	Pair Corr
0.92	JAGG	JPMorgan BetaBuilders	Pair Corr
0.99	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.64	DFEN	Direxion Daily Aerospace	Pair Corr
0.68	DGP	DB Gold Double	Pair Corr
0.64	UGL	ProShares Ultra Gold Buyout Trend	Pair Corr
0.61	NUGT	Direxion Daily Gold	Pair Corr
0.81	DIG	ProShares Ultra Oil	Pair Corr
0.84	MLPR	ETRACS Quarterly Pay	Pair Corr
0.82	DUSL	Direxion Daily Indus	Pair Corr
0.76	AVMC	American Century ETF	Pair Corr
0.81	VDC	Vanguard Consumer Staples	Pair Corr
0.74	LALT	Invesco Multi Strategy	Pair Corr
0.74	FNK	First Trust Mid	Pair Corr
0.83	DXJ	WisdomTree Japan Hedged	Pair Corr
0.76	AVUV	Avantis Small Cap	Pair Corr
0.7	KNGZ	First Trust Exchange	Pair Corr
0.69	EAFG	Pacer Funds Trust	Pair Corr
0.61	RSST	Return Stacked Stocks	Pair Corr
0.7	USO	United States Oil	Pair Corr
0.75	HEEM	iShares Currency Hedged	Pair Corr
0.77	AVDS	Avantis International	Pair Corr
0.77	FEM	First Trust Emerging	Pair Corr
0.96	LQIG	SPDR MarketAxess Inv	Pair Corr
0.8	STXV	EA Series Trust	Pair Corr
0.8	DFIC	Dimensional International	Pair Corr
0.75	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.75	UEVM	VictoryShares Emerging	Pair Corr

Moving against IShares Etf

0.66	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.38	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.24	-0.29	0.37	0.12	-0.39	-0.04	0.35	0.3	0.32	META
MSFT	-0.24		0.83	-0.59	-0.8	0.77	0.89	0.15	-0.88	-0.93	MSFT
UBER	-0.29	0.83		-0.54	-0.69	0.83	0.68	0.0	-0.8	-0.81	UBER
F	0.37	-0.59	-0.54		0.25	-0.5	-0.36	0.23	0.74	0.65	F
T	0.12	-0.8	-0.69	0.25		-0.58	-0.82	-0.2	0.63	0.7	T
A	-0.39	0.77	0.83	-0.5	-0.58		0.61	0.04	-0.7	-0.82	A
CRM	-0.04	0.89	0.68	-0.36	-0.82	0.61		0.46	-0.72	-0.86	CRM
JPM	0.35	0.15	0.0	0.23	-0.2	0.04	0.46		0.12	-0.15	JPM
MRK	0.3	-0.88	-0.8	0.74	0.63	-0.7	-0.72	0.12		0.89	MRK
XOM	0.32	-0.93	-0.81	0.65	0.7	-0.82	-0.86	-0.15	0.89		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.89	MSFT
XOM	+ 0.89	MRK
UBER	+ 0.83	MSFT
A	+ 0.83	UBER
A	+ 0.77	MSFT
MRK	+ 0.74	F

High negative correlations

XOM	- 0.93	MSFT
MRK	- 0.88	MSFT
XOM	- 0.86	CRM
XOM	- 0.82	A
CRM	- 0.82	T
XOM	- 0.81	UBER

IShares Core Competition 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
META	1.52	0.05	0.02	0.12	1.51	(1.78)	3.43	(2.81)	13.69
MSFT	1.34	(0.43)	0.00	(0.88)	0.00	0.00	1.90	(2.87)	13.28
UBER	1.61	(0.43)	0.00	(0.57)	0.00	0.00	2.46	(4.25)	11.09
F	1.23	0.05	0.03	0.12	1.22	(1.46)	3.34	(2.30)	7.16
T	1.02	0.20	0.11	(1.79)	0.92	(1.18)	3.87	(1.76)	7.44
A	1.26	(0.29)	0.00	(0.20)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.71	(0.48)	0.00	(0.39)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.24	(0.10)	(0.04)	0.00	1.80	(1.29)	2.34	(3.11)	7.38
MRK	1.28	0.41	0.28	0.75	0.98	(1.50)	2.93	(1.98)	8.74
XOM	1.30	0.38	0.22	3.43	1.12	(1.49)	2.90	(2.44)	6.83

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