IShares ESG Correlations

DMXF Etf

USD 79.19 0.23 0.29%

The current 90-days correlation between iShares ESG Advanced and Xtrackers MSCI Europe is 0.78 (i.e., Poor diversification). The correlation of IShares ESG 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 ESG Correlation With Market

Almost no diversification

The correlation between iShares ESG Advanced and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares ESG Advanced and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

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

Moving together with IShares Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.99	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE	Pair Corr
0.99	IXUS	iShares Core MSCI	Pair Corr
0.98	SPDW	SPDR SP World	Pair Corr
0.83	IDEV	iShares Core MSCI	Pair Corr
0.82	ESGD	iShares ESG Aware	Pair Corr
0.83	JIRE	JP Morgan Exchange	Pair Corr
0.8	DFAX	Dimensional World	Pair Corr
0.92	MUU	Direxion Daily MU	Pair Corr
0.92	MULL	GraniteShares 2x Long	Pair Corr
0.85	AGQ	ProShares Ultra Silver Buyout Trend	Pair Corr
0.88	JNUG	Direxion Daily Junior	Pair Corr
0.86	GDXU	MicroSectors Gold Miners Upward Rally	Pair Corr
0.91	KORU	Direxion Daily South	Pair Corr
0.88	NUGT	Direxion Daily Gold	Pair Corr
0.84	SHNY	Microsectors Gold Upward Rally	Pair Corr
0.9	SIL	Global X Silver	Pair Corr
0.89	SIVR	abrdn Physical Silver	Pair Corr
0.86	RDIV	Invesco SP Ultra	Pair Corr
0.91	VBK	Vanguard Small Cap	Pair Corr
0.8	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.89	AHYB	American Century ETF	Pair Corr
0.84	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.74	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.93	BA	Boeing	Pair Corr

Moving against IShares Etf

0.57	MSFT	Microsoft	Pair Corr
0.51	MMM	3M Company	Pair Corr

Related Correlations Analysis

	HEZU	EQAL	EWH	DOL	INDY	IAT	IYT	IUS	EWI	DBEU
HEZU		0.95	0.77	0.96	-0.61	0.87	0.91	0.95	0.93	0.99	HEZU
EQAL	0.95		0.72	0.95	-0.7	0.92	0.93	0.99	0.9	0.96	EQAL
EWH	0.77	0.72		0.84	-0.62	0.58	0.57	0.75	0.75	0.78	EWH
DOL	0.96	0.95	0.84		-0.68	0.89	0.87	0.96	0.95	0.97	DOL
INDY	-0.61	-0.7	-0.62	-0.68		-0.58	-0.58	-0.66	-0.53	-0.61	INDY
IAT	0.87	0.92	0.58	0.89	-0.58		0.94	0.9	0.91	0.88	IAT
IYT	0.91	0.93	0.57	0.87	-0.58	0.94		0.92	0.87	0.9	IYT
IUS	0.95	0.99	0.75	0.96	-0.66	0.9	0.92		0.9	0.95	IUS
EWI	0.93	0.9	0.75	0.95	-0.53	0.91	0.87	0.9		0.94	EWI
DBEU	0.99	0.96	0.78	0.97	-0.61	0.88	0.9	0.95	0.94		DBEU
	HEZU	EQAL	EWH	DOL	INDY	IAT	IYT	IUS	EWI	DBEU

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

DBEU	+ 0.99	HEZU
IUS	+ 0.99	EQAL
DBEU	+ 0.97	DOL
DOL	+ 0.96	HEZU
DBEU	+ 0.96	EQAL
IUS	+ 0.96	DOL

High negative correlations

INDY	- 0.7	EQAL
INDY	- 0.68	DOL
IUS	- 0.66	INDY
INDY	- 0.62	EWH
DBEU	- 0.61	INDY
INDY	- 0.61	HEZU

IShares ESG Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares ESG 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 ESG'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
HEZU	0.57	0.05	0.05	0.10	0.67	(0.59)	1.43	(1.22)	4.61
EQAL	0.60	0.06	0.07	0.11	0.59	(0.66)	1.33	(1.04)	3.13
EWH	0.81	0.13	0.08	1.15	0.92	(0.81)	1.93	(1.43)	4.35
DOL	0.58	0.14	0.17	0.25	0.45	(0.65)	1.30	(1.12)	2.90
INDY	0.57	(0.06)	0.00	(0.13)	0.00	0.00	1.02	(1.00)	3.53
IAT	0.90	0.29	0.27	0.33	0.69	(1.06)	2.42	(1.19)	5.68
IYT	0.89	0.12	0.14	0.15	0.74	(1.03)	2.52	(1.40)	5.07
IUS	0.50	0.05	0.06	0.11	0.52	(0.51)	1.10	(0.90)	3.14
EWI	0.71	0.12	0.13	0.21	0.62	(0.80)	1.53	(1.41)	3.65
DBEU	0.55	0.06	0.06	0.12	0.63	(0.58)	1.19	(0.94)	3.78

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