IShares ESG Correlations

EAOK Etf

USD 26.09 0.03 0.12%

The current 90-days correlation between iShares ESG Aware and NEOS ETF Trust is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares ESG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares ESG Aware moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares ESG Correlation With Market

Very weak diversification

The correlation between iShares ESG Aware and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares ESG Aware 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 ESG Aware. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with IShares Etf

0.88	AOM	iShares Core Moderate	Pair Corr
0.69	HNDL	Strategy Shares Nasdaq	Pair Corr
0.87	RPAR	RPAR Risk Parity	Pair Corr
0.98	AOK	iShares Core Conservative	Pair Corr
0.88	DSCF	Discipline Fund ETF	Pair Corr
0.75	TWIO	Spinnaker ETF Series	Pair Corr
0.93	EAOM	iShares ESG Aware	Pair Corr
0.82	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against IShares Etf

0.46	TSJA	TSJA	Pair Corr
0.46	BAC	Bank of America Aggressive Push	Pair Corr
0.45	DSJA	DSJA	Pair Corr
0.33	QTOC	Innovator ETFs Trust	Pair Corr
0.56	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.38	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.33	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	NUSI	MDIV	YYY	RYLD	QYLD
NUSI		0.82	0.7	0.9	0.96	NUSI
MDIV	0.82		0.87	0.78	0.76	MDIV
YYY	0.7	0.87		0.54	0.64	YYY
RYLD	0.9	0.78	0.54		0.9	RYLD
QYLD	0.96	0.76	0.64	0.9		QYLD
	NUSI	MDIV	YYY	RYLD	QYLD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
NUSI	0.50	0.02	(0.03)	0.15	0.56	(0.55)	0.86	(1.50)	4.26
MDIV	0.30	0.00	(0.20)	0.13	0.29	(0.33)	0.73	(0.72)	1.76
YYY	0.34	(0.02)	(0.21)	0.08	0.38	(0.36)	0.66	(0.67)	1.82
RYLD	0.42	0.01	(0.05)	0.13	0.43	(0.48)	1.09	(0.84)	4.10
QYLD	0.41	0.00	(0.05)	0.13	0.74	(0.40)	0.84	(1.33)	3.99

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

2024 Macroaxis LLC