IShares Core Correlations

DAXEX Etf

CHF 189.66 0.68 0.36%

The current 90-days correlation between iShares Core DAX and iShares MSCI Korea is 0.22 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Core Correlation With Market

Poor diversification

The correlation between iShares Core DAX and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core DAX and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Core 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 Core 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 Core - 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 Core DAX to buy it.

Moving together with IShares Etf

0.84	CBDAX	Amundi Index Solutions	Pair Corr
0.89	TDXPEX	iShares TecDAX UCITS	Pair Corr
0.78	LYDAX	MULTI UNITS LUXEMBOURG	Pair Corr
0.82	E909	Lyxor 1 DAX	Pair Corr
0.78	IWDC	iShares MSCI World	Pair Corr
0.68	XFVT	Xtrackers FTSE Vietnam	Pair Corr
0.7	MSE	Amundi EURO STOXX	Pair Corr
0.66	EUN	iShares STOXX Europe	Pair Corr
0.7	RS2U	Amundi Index Solutions	Pair Corr
0.7	DJMC	iShares EURO STOXX	Pair Corr
0.65	IAT1	Invesco AT1 Capital	Pair Corr

Related Correlations Analysis

	SGWS	IGEA	SEMI	CSUKX	30ID	IASP	IWDC	IUHC	IKOR
SGWS		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SGWS
IGEA	0.0		-0.85	-0.79	-0.1	-0.83	-0.58	-0.27	-0.85	IGEA
SEMI	0.0	-0.85		0.93	0.19	0.9	0.85	0.46	0.95	SEMI
CSUKX	0.0	-0.79	0.93		0.27	0.94	0.77	0.54	0.96	CSUKX
30ID	0.0	-0.1	0.19	0.27		0.4	0.04	0.1	0.33	30ID
IASP	0.0	-0.83	0.9	0.94	0.4		0.67	0.49	0.96	IASP
IWDC	0.0	-0.58	0.85	0.77	0.04	0.67		0.49	0.72	IWDC
IUHC	0.0	-0.27	0.46	0.54	0.1	0.49	0.49		0.47	IUHC
IKOR	0.0	-0.85	0.95	0.96	0.33	0.96	0.72	0.47		IKOR
	SGWS	IGEA	SEMI	CSUKX	30ID	IASP	IWDC	IUHC	IKOR

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

IKOR	+ 0.96	CSUKX
IKOR	+ 0.96	IASP
IKOR	+ 0.95	SEMI
IASP	+ 0.94	CSUKX
CSUKX	+ 0.93	SEMI
IASP	+ 0.9	SEMI

High negative correlations

IKOR	- 0.85	IGEA
SEMI	- 0.85	IGEA
IASP	- 0.83	IGEA
CSUKX	- 0.79	IGEA
IWDC	- 0.58	IGEA
IUHC	- 0.27	IGEA

IShares Core Constituents 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
SGWS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IGEA	0.26	(0.06)	0.00	2.66	0.00	0.00	0.51	(0.87)	2.04
SEMI	1.56	0.41	0.17	6.42	1.71	(1.80)	4.33	(2.35)	10.21
CSUKX	0.51	0.19	0.21	1.67	0.00	(0.60)	1.22	(0.81)	2.71
30ID	0.08	0.00	(0.18)	0.04	0.10	(0.20)	0.19	(0.19)	1.32
IASP	0.40	0.10	0.07	0.59	0.00	(0.68)	1.28	(0.72)	3.03
IWDC	0.46	0.05	(0.04)	0.44	0.47	(0.50)	0.97	(1.03)	2.73
IUHC	0.63	0.05	(0.03)	1.10	0.60	(0.75)	1.51	(1.14)	3.95
IKOR	1.73	0.80	0.31	(3.45)	1.47	(2.16)	4.30	(2.47)	14.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Core 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.

Did you try this?

Run Portfolio Holdings Now

Portfolio Holdings

Check your current holdings and cash postion to detemine if your portfolio needs rebalancing

All Next

Launch Module

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