IShares Trust Correlations

Etfs . USA . 
Etf . iShares Trust
EGUS Etf   43.68  0.14  0.32%   
The current 90-days correlation between iShares Trust and Vanguard Russell 1000 is 0.57 (i.e., Very weak diversification). The correlation of IShares Trust 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 Trust Correlation With Market

Poor diversification

The correlation between iShares Trust and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust 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 Trust . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.
For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

  1.0VUG Vanguard Growth IndexPairCorr
  1.0IWF iShares Russell 1000PairCorr
  1.0IVW iShares SP 500PairCorr
  1.0SPYG SPDR Portfolio SPPairCorr
  1.0IUSG iShares Core SPPairCorr
  1.0VONG Vanguard Russell 1000PairCorr
  1.0MGK Vanguard Mega CapPairCorr
  0.95VRGWX Vanguard Russell 1000PairCorr
  0.96MTUM iShares MSCI USA Low VolatilityPairCorr
  0.99QQQM Invesco NASDAQ 100PairCorr
  0.98VTI Vanguard Total StockPairCorr
  0.98SPY SPDR SP 500PairCorr
  0.98IVV iShares Core SPPairCorr
  0.87VTV Vanguard Value IndexPairCorr
  0.95VO Vanguard Mid CapPairCorr
  0.95VB Vanguard Small CapPairCorr
  0.91PPA Invesco Aerospace DefensePairCorr
  0.64T ATT Inc Aggressive PushPairCorr
  0.84BAC Bank of America Aggressive PushPairCorr
  0.78DIS Walt Disney Aggressive PushPairCorr
  0.83WMT Walmart Aggressive PushPairCorr
  0.63XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.82HPQ HP IncPairCorr
  0.72HD Home DepotPairCorr
  0.75JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr

Moving against IShares Etf

  0.74BND Vanguard Total Bond Sell-off TrendPairCorr
  0.47VEA Vanguard FTSE DevelopedPairCorr
  0.83MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.79JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.78KO Coca Cola Aggressive PushPairCorr
  0.67BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.61PG Procter GamblePairCorr
  0.61PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

IShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY