BlackRock MIT Correlations

BLE Stock

USD 10.54 0.00 0.00%

The current 90-days correlation between BlackRock MIT II and BlackRock Municipal Income is 0.44 (i.e., Very weak diversification). The correlation of BlackRock MIT 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.

BlackRock MIT Correlation With Market

Very weak diversification

The correlation between BlackRock MIT II and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock MIT II and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BlackRock Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackRock MIT II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with BlackRock Stock

0.65	DFN	Dividend 15 Split	Pair Corr
0.67	DGS	Dividend Growth Split	Pair Corr
0.62	ASA	ASA Gold	Pair Corr
0.63	HRZN	Horizon Technology	Pair Corr
0.86	PWI	Sustainable Power	Pair Corr
0.76	TRIN	Trinity Capital	Pair Corr
0.62	CSWC	Capital Southwest	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr

Moving against BlackRock Stock

0.66	NMFC	New Mountain Finance	Pair Corr
0.52	KBDC	Kayne Anderson BDC	Pair Corr
0.48	MFIC	MidCap Financial Inv	Pair Corr
0.44	AVR	Avaron Mining Corp	Pair Corr
0.34	BCSF	Bain Capital Specialty	Pair Corr
0.72	MSFT	Microsoft Sell-off Trend	Pair Corr
0.49	AXP	American Express	Pair Corr
0.42	GBHPF	Global Hemp Group	Pair Corr
0.41	NVNIW	Nvni Group Limited	Pair Corr
0.4	IBM	International Business	Pair Corr

Related Correlations Analysis

	BFK	BLW	BFZ	BMEZ	BIT	BGY	BHK	BYM	VCV	HPS
BFK		0.6	0.88	0.36	0.76	0.75	0.54	0.94	0.66	0.28	BFK
BLW	0.6		0.63	0.58	0.84	0.8	0.81	0.58	0.47	0.35	BLW
BFZ	0.88	0.63		0.26	0.76	0.74	0.51	0.91	0.53	0.41	BFZ
BMEZ	0.36	0.58	0.26		0.65	0.56	0.49	0.24	0.1	-0.25	BMEZ
BIT	0.76	0.84	0.76	0.65		0.95	0.82	0.75	0.6	0.18	BIT
BGY	0.75	0.8	0.74	0.56	0.95		0.8	0.77	0.66	0.12	BGY
BHK	0.54	0.81	0.51	0.49	0.82	0.8		0.55	0.69	0.33	BHK
BYM	0.94	0.58	0.91	0.24	0.75	0.77	0.55		0.7	0.29	BYM
VCV	0.66	0.47	0.53	0.1	0.6	0.66	0.69	0.7		0.35	VCV
HPS	0.28	0.35	0.41	-0.25	0.18	0.12	0.33	0.29	0.35		HPS
	BFK	BLW	BFZ	BMEZ	BIT	BGY	BHK	BYM	VCV	HPS

Please upgrade your account to get full access to Macroaxis premium features

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

BGY	+ 0.95	BIT
BYM	+ 0.94	BFK
BYM	+ 0.91	BFZ
BFZ	+ 0.88	BFK
BIT	+ 0.84	BLW
BHK	+ 0.82	BIT

High negative correlations

HPS

- 0.25

BMEZ

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock MIT Company 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 BlackRock MIT'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
BFK	0.32	0.03	(0.08)	0.37	0.38	(0.35)	0.80	(0.79)	2.23
BLW	0.26	0.00	(0.16)	0.09	0.25	(0.32)	0.45	(0.52)	1.33
BFZ	0.28	0.04	(0.10)	1.39	0.18	(0.35)	0.75	(0.56)	1.82
BMEZ	0.75	0.02	(0.02)	0.10	0.73	(0.92)	2.10	(1.27)	4.93
BIT	0.29	0.02	(0.09)	0.14	0.28	(0.33)	0.62	(0.61)	1.56
BGY	0.56	0.09	0.07	0.22	0.53	(0.66)	1.26	(1.06)	2.92
BHK	0.36	0.01	(0.08)	0.11	0.49	(0.39)	0.76	(0.75)	2.74
BYM	0.27	0.03	(0.12)	0.71	0.21	(0.36)	0.65	(0.46)	2.12
VCV	0.54	0.03	(0.05)	0.47	0.77	(0.57)	1.53	(1.55)	3.42
HPS	0.44	(0.05)	0.00	(0.12)	0.00	0.00	0.77	(0.96)	2.36

BlackRock MIT Corporate Management

Henry Gabbay	Independent Trustee	Profile
Robert Hubbard	Independent Trustee	Profile
Charles Park	Chief Compliance Officer	Profile
Frank Fabozzi	Independent Trustee	Profile
J Holloman	Independent Trustee	Profile

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

2026 Macroaxis LLC