IShares ESG Correlations

EMXF Etf

USD 51.25 0.05 0.1%

The current 90-days correlation between iShares ESG Advanced and iShares Genomics Immunology is 0.32 (i.e., Weak 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

Very poor diversification

The correlation between iShares ESG Advanced and DJI is 0.82 (i.e., Very poor 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 housing.

Moving together with IShares Etf

0.82	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI	Pair Corr
0.99	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.98	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.81	XSOE	WisdomTree Emerging	Pair Corr
0.84	DHF	BNY Mellon High	Pair Corr
0.96	ARP	Advisors Inner Circle	Pair Corr
0.8	PXMV	Invesco SP MidCap	Pair Corr
0.86	IGA	Voya Global Advantage	Pair Corr
0.93	FPXE	First Trust IPOX	Pair Corr
0.97	CHPS	Xtrackers Semiconductor	Pair Corr
0.74	REGL	ProShares SP MidCap	Pair Corr
0.81	WDNA	WisdomTree BioRevolution	Pair Corr
0.99	STXE	EA Series Trust	Pair Corr
0.89	UDI	USCF ETF Trust	Pair Corr
0.81	XAUG	FT Cboe Vest	Pair Corr
0.88	DFSD	Dimensional ETF Trust	Pair Corr
0.67	FB	ProShares Trust ProShares	Pair Corr
0.66	TERG	Leverage Shares 2X Downward Rally	Pair Corr
0.85	NCPB	Nuveen Core Plus	Pair Corr
0.94	IRTR	iShares Trust	Pair Corr
0.74	FXC	Invesco CurrencyShares	Pair Corr
0.64	WEBS	Direxion Daily Dow	Pair Corr
0.98	CCNR	CoreCommodity Natural	Pair Corr
0.96	EURL	Direxion Daily FTSE	Pair Corr
0.97	NBCE	Neuberger Berman ETF	Pair Corr
0.88	SPVM	Invesco SP 500	Pair Corr
0.92	IQSZ	Invesco Actively Managed	Pair Corr

Moving against IShares Etf

0.67	ENTR	EntrepreneurShares	Pair Corr
0.43	PLT	Defiance Leveraged Long	Pair Corr

Related Correlations Analysis

	EWO	ECOW	ECNS	DEW	FTXN	IEZ	FID	FAB	GLIN	IDNA
EWO		0.87	0.56	0.93	0.78	0.89	0.94	0.96	0.06	0.83	EWO
ECOW	0.87		0.84	0.96	0.94	0.97	0.96	0.89	0.12	0.87	ECOW
ECNS	0.56	0.84		0.69	0.76	0.79	0.7	0.61	0.13	0.76	ECNS
DEW	0.93	0.96	0.69		0.93	0.96	0.99	0.96	0.18	0.83	DEW
FTXN	0.78	0.94	0.76	0.93		0.96	0.9	0.85	0.17	0.78	FTXN
IEZ	0.89	0.97	0.79	0.96	0.96		0.95	0.92	0.09	0.89	IEZ
FID	0.94	0.96	0.7	0.99	0.9	0.95		0.94	0.21	0.84	FID
FAB	0.96	0.89	0.61	0.96	0.85	0.92	0.94		0.06	0.84	FAB
GLIN	0.06	0.12	0.13	0.18	0.17	0.09	0.21	0.06		-0.07	GLIN
IDNA	0.83	0.87	0.76	0.83	0.78	0.89	0.84	0.84	-0.07		IDNA
	EWO	ECOW	ECNS	DEW	FTXN	IEZ	FID	FAB	GLIN	IDNA

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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

FID	+ 0.99	DEW
IEZ	+ 0.97	ECOW
FAB	+ 0.96	EWO
DEW	+ 0.96	ECOW
FID	+ 0.96	ECOW
IEZ	+ 0.96	DEW

High negative correlations

IDNA

- 0.07

GLIN

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
EWO	0.85	0.28	0.21	(2.16)	0.73	(0.96)	2.14	(1.64)	5.29
ECOW	0.52	0.16	0.16	(18.65)	0.45	(0.56)	1.29	(0.94)	3.45
ECNS	0.73	0.04	0.00	0.28	0.92	(0.74)	1.89	(1.81)	4.20
DEW	0.48	0.18	0.26	30.65	0.07	(0.55)	1.19	(0.79)	2.47
FTXN	1.18	0.26	0.16	1.66	1.11	(1.25)	2.72	(2.01)	5.39
IEZ	1.47	0.44	0.24	2.04	1.38	(1.71)	3.98	(2.46)	8.43
FID	0.42	0.17	0.25	(2.50)	0.00	(0.49)	0.88	(0.70)	2.71
FAB	0.69	0.20	0.22	1.93	0.41	(0.83)	2.09	(1.10)	3.76
GLIN	0.77	0.01	(0.03)	(6.62)	0.94	(0.79)	1.56	(1.36)	4.37
IDNA	1.20	0.23	0.13	(3.62)	1.14	(1.32)	3.05	(2.25)	6.48

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