IShares VII Correlations

CSX5 Etf

EUR 228.80 0.45 0.20%

The current 90-days correlation between iShares VII PLC and iShares II plc is 0.11 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares VII Correlation With Market

Almost no diversification

The correlation between iShares VII PLC and DJI is 0.92 (i.e., Almost no 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

0.96	EUEA	iShares II Public	Pair Corr
0.89	IDVY	iShares Euro Dividend	Pair Corr
0.93	IDJG	iShares EURO Total	Pair Corr
0.94	SMUA	iShares MSCI EMU	Pair Corr
0.68	DIA	SPDR Dow Jones	Pair Corr
0.9	EMIM	iShares Core MSCI	Pair Corr
0.91	VWRL	Vanguard FTSE All	Pair Corr
0.87	CNYB	iShares China CNY	Pair Corr
0.96	IMEU	iShares Core MSCI	Pair Corr
0.84	IWRD	iShares MSCI World	Pair Corr
0.91	IEMM	iShares MSCI EM	Pair Corr
0.91	ISED	iShares MSCI Europe	Pair Corr
0.82	V20D	Vanguard LifeStrategy	Pair Corr
0.93	ITWN	iShares MSCI Taiwan	Pair Corr
0.73	DHYD	iShares II plc	Pair Corr
0.93	BATT	Legal General UCITS	Pair Corr
0.88	ERNE	iShares Euro Ultrashort	Pair Corr
0.83	PHAG	WisdomTree Physical	Pair Corr
0.71	IBCX	iShares Euro Corporate	Pair Corr
0.94	ISFA	iShares Core FTSE	Pair Corr
0.97	CEUU	iShares Core MSCI	Pair Corr
0.83	CALF	Pacer Small Cap	Pair Corr
0.9	COWZ	Pacer Us Cash	Pair Corr
0.86	IAPD	iShares Asia Pacific	Pair Corr
0.91	EXCH	iShares MSCI EM	Pair Corr
0.88	ICOW	Pacer Developed Markets	Pair Corr
0.89	IJPE	iShares MSCI Japan	Pair Corr
0.91	SXLI	SPDR SP Industrials	Pair Corr
0.71	VECP	Vanguard EUR Corporate	Pair Corr
0.9	IKRA	iShares Public	Pair Corr
0.75	TI5A	iShares TIPS 0	Pair Corr
0.83	INRA	iShares Global Clean	Pair Corr
0.96	IMAE	iShares Core MSCI	Pair Corr

Related Correlations Analysis

	VERX	VEUR	MPAB	EMPA	ISED	500X	TDIV	IEMM	EHYA	EHYD
VERX		1.0	0.98	0.98	0.91	0.82	0.93	0.92	0.96	0.97	VERX
VEUR	1.0		0.98	0.98	0.91	0.82	0.94	0.93	0.96	0.97	VEUR
MPAB	0.98	0.98		1.0	0.89	0.87	0.89	0.9	0.95	0.95	MPAB
EMPA	0.98	0.98	1.0		0.89	0.86	0.89	0.89	0.94	0.94	EMPA
ISED	0.91	0.91	0.89	0.89		0.75	0.79	0.87	0.88	0.87	ISED
500X	0.82	0.82	0.87	0.86	0.75		0.68	0.73	0.83	0.82	500X
TDIV	0.93	0.94	0.89	0.89	0.79	0.68		0.88	0.89	0.9	TDIV
IEMM	0.92	0.93	0.9	0.89	0.87	0.73	0.88		0.87	0.89	IEMM
EHYA	0.96	0.96	0.95	0.94	0.88	0.83	0.89	0.87		0.98	EHYA
EHYD	0.97	0.97	0.95	0.94	0.87	0.82	0.9	0.89	0.98		EHYD
	VERX	VEUR	MPAB	EMPA	ISED	500X	TDIV	IEMM	EHYA	EHYD

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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
VERX	0.47	0.07	0.05	0.23	0.47	(0.56)	1.02	(0.93)	2.72
VEUR	0.44	0.07	0.05	0.23	0.42	(0.48)	0.99	(0.98)	2.46
MPAB	0.53	0.02	(0.02)	0.11	0.53	(0.66)	1.19	(0.84)	2.62
EMPA	0.53	0.02	(0.02)	0.11	0.58	(0.60)	1.19	(0.76)	3.00
ISED	0.50	0.04	(0.02)	0.40	0.66	(0.57)	1.19	(0.95)	3.83
500X	0.51	(0.03)	(0.10)	(0.01)	0.62	(0.59)	1.21	(1.10)	3.17
TDIV	0.42	0.16	0.21	0.61	0.13	(0.50)	1.06	(0.88)	2.69
IEMM	0.64	0.10	0.08	0.36	0.56	(0.69)	1.45	(1.14)	3.52
EHYA	0.12	0.00	(0.31)	0.07	0.00	(0.21)	0.17	(0.17)	0.68
EHYD	0.09	0.00	(0.25)	0.06	0.00	(0.22)	0.22	(0.22)	0.44

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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