IShares VII Correlations

CSBGU3 Etf

USD 125.44 0.08 0.06%

The current 90-days correlation between iShares VII PLC and UBS ETF plc is 0.04 (i.e., Significant diversification). The correlation of IShares VII 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 VII Correlation With Market

Very poor diversification

The correlation between iShares VII PLC and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares VII PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares VII could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares VII when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares VII - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares VII PLC to buy it.

Moving together with IShares Etf

0.99	IBTS	iShares Treasury Bond	Pair Corr
0.79	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.81	CSNKY	iShares VII PLC	Pair Corr
0.74	CSSPX	iShares Core SP	Pair Corr
0.84	EIMI	iShares Core MSCI	Pair Corr
0.73	IUSA	iShares SP 500	Pair Corr
0.85	MSE	Amundi EURO STOXX	Pair Corr
0.64	USGBPA	UBS ETF plc	Pair Corr
0.74	STHC	PIMCO Short Term	Pair Corr
0.83	AUCO	LG Gold Mining	Pair Corr
0.88	DGRA	WisdomTree Quality	Pair Corr
0.69	DRVE	Global X Autonomous	Pair Corr
0.75	ZSILHE	ZKB Silver ETF	Pair Corr
0.72	AWESGG	UBS MSCI ACWI	Pair Corr
0.87	XDUE	Xtrackers MSCI EMU	Pair Corr
0.78	XMME	Xtrackers MSCI Emerging	Pair Corr
0.8	CISB	iShares Smart City	Pair Corr
0.86	WRDUSW-USD	UBSETF MSCIWLD USDa	Pair Corr
0.88	EUFM	UBSFund Solutions MSCI	Pair Corr
0.77	DMFC	iShares Edge MSCI	Pair Corr
0.87	EUN	iShares STOXX Europe	Pair Corr
0.92	USMUFE	UBS ETF plc	Pair Corr
0.87	EMUCHF	UBSFund Solutions MSCI	Pair Corr
0.84	LYFINW	Lyxor MSCI World	Pair Corr
0.75	E909	Lyxor 1 DAX	Pair Corr
0.92	SMICHA	UBS ETF SMI	Pair Corr
0.91	IWQU	iShares Edge MSCI	Pair Corr
0.78	LYWLD	Lyxor MSCI World	Pair Corr
0.87	UKGBPA	UBSFund Solutions MSCI	Pair Corr
0.9	XDEQ	Xtrackers MSCI World	Pair Corr
0.86	IJPN	iShares MSCI Japan	Pair Corr
0.86	RGLDOH	Raiffeisen ETF Solid	Pair Corr
0.86	VAPU	Vanguard FTSE Developed	Pair Corr

Moving against IShares Etf

0.65

TRS3

SPDR Bloomberg 1

Pair Corr

Related Correlations Analysis

	IBTS	UT1USA	LYFINW	HPAW	IAUP	VEVE	JPNY	USGBPA
IBTS		0.44	0.85	0.53	0.84	0.48	0.87	0.66	IBTS
UT1USA	0.44		0.62	0.45	0.47	0.45	0.26	0.42	UT1USA
LYFINW	0.85	0.62		0.77	0.8	0.68	0.75	0.79	LYFINW
HPAW	0.53	0.45	0.77		0.61	0.68	0.49	0.92	HPAW
IAUP	0.84	0.47	0.8	0.61		0.59	0.83	0.71	IAUP
VEVE	0.48	0.45	0.68	0.68	0.59		0.54	0.64	VEVE
JPNY	0.87	0.26	0.75	0.49	0.83	0.54		0.64	JPNY
USGBPA	0.66	0.42	0.79	0.92	0.71	0.64	0.64		USGBPA
	IBTS	UT1USA	LYFINW	HPAW	IAUP	VEVE	JPNY	USGBPA

IShares VII Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares VII 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 VII'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
IBTS	0.05	0.01	(1.02)	(1.45)	0.00	(0.06)	0.15	(0.06)	0.45
UT1USA	0.08	(0.02)	0.00	(1.99)	0.00	0.00	0.12	(0.08)	1.82
LYFINW	0.63	0.06	0.00	1.51	0.69	(0.73)	1.39	(1.59)	3.43
HPAW	0.52	(0.01)	0.00	0.13	0.00	0.00	1.38	(1.14)	2.93
IAUP	2.10	0.47	0.15	0.76	2.76	(2.20)	4.52	(3.91)	14.82
VEVE	0.69	(0.03)	(0.07)	(0.01)	0.93	(0.68)	1.58	(1.48)	4.06
JPNY	0.72	0.21	0.17	0.75	0.52	(0.80)	1.83	(1.38)	4.16
USGBPA	0.64	0.02	(0.05)	(0.03)	1.00	(0.60)	1.36	(1.45)	5.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares VII without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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