IShares Core Correlations

DGRO Etf

USD 62.54 0.84 1.33%

The current 90-days correlation between iShares Core Dividend and iShares Core High is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Core Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Core Correlation With Market

Average diversification

The correlation between iShares Core Dividend and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares Core Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with IShares Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.91	VYM	Vanguard High Dividend	Pair Corr
0.91	IWD	iShares Russell 1000	Pair Corr
0.98	IVE	iShares SP 500	Pair Corr
0.9	DVY	iShares Select Dividend	Pair Corr
0.9	SPYV	SPDR Portfolio SP	Pair Corr
0.82	FVD	First Trust Value	Pair Corr
0.9	IUSV	iShares Core SP	Pair Corr
0.64	NOBL	ProShares SP 500	Pair Corr
0.81	SIXD	AIM ETF Products	Pair Corr
0.75	CEFD	ETRACS Monthly Pay	Pair Corr
0.66	TSJA	TSJA	Pair Corr
0.69	DSJA	DSJA	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.76	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.83	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.7	WMT	Walmart Aggressive Push	Pair Corr
0.65	T	ATT Inc Sell-off Trend	Pair Corr

Moving against IShares Etf

0.78	ULE	ProShares Ultra Euro	Pair Corr
0.64	VIIX	VIIX	Pair Corr
0.62	YCL	ProShares Ultra Yen	Pair Corr
0.56	FXY	Invesco CurrencyShares	Pair Corr
0.41	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.61	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.6	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.56	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	HDV	SCHD	NOBL	SPHD	SPYD
HDV		0.71	0.77	0.76	0.85	HDV
SCHD	0.71		0.61	0.76	0.8	SCHD
NOBL	0.77	0.61		0.75	0.8	NOBL
SPHD	0.76	0.76	0.75		0.83	SPHD
SPYD	0.85	0.8	0.8	0.83		SPYD
	HDV	SCHD	NOBL	SPHD	SPYD

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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
HDV	0.47	(0.06)	0.00	(0.07)	0.00	0.00	0.83	(0.84)	2.17
SCHD	0.50	0.04	(0.04)	0.35	0.46	(0.56)	0.97	(0.84)	3.18
NOBL	0.47	(0.07)	0.00	(0.03)	0.00	0.00	0.97	(0.87)	1.94
SPHD	0.46	(0.01)	(0.12)	(0.01)	0.61	(0.42)	0.83	(0.89)	2.26
SPYD	0.51	(0.05)	0.00	(0.02)	0.00	0.00	1.01	(1.10)	2.35

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