IShares ESG Correlations

ESMV Etf

USD 28.64 0.20 0.69%

The current 90-days correlation between iShares ESG MSCI and iShares ESG Advanced is 0.33 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares ESG Correlation With Market

Poor diversification

The correlation between iShares ESG MSCI and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares ESG MSCI 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 MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with IShares Etf

0.75	VIG	Vanguard Dividend	Pair Corr
0.97	RSP	Invesco SP 500	Pair Corr
0.88	DFAC	Dimensional Core Equity	Pair Corr
0.68	UPRO	ProShares UltraPro SP500	Pair Corr
0.77	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.71	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.81	VZ	Verizon Communications	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr
0.87	TRV	The Travelers Companies	Pair Corr
0.84	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.7	INTC	Intel	Pair Corr
0.74	HPQ	HP Inc	Pair Corr

Moving against IShares Etf

0.39	XDJA	Innovator ETFs Trust	Pair Corr
0.65	BA	Boeing	Pair Corr

Related Correlations Analysis

	EMXF	DMXF	LDEM	USXF	HYXF
EMXF		0.83	0.84	0.52	0.33	EMXF
DMXF	0.83		0.68	0.57	0.68	DMXF
LDEM	0.84	0.68		0.36	0.23	LDEM
USXF	0.52	0.57	0.36		0.31	USXF
HYXF	0.33	0.68	0.23	0.31		HYXF
	EMXF	DMXF	LDEM	USXF	HYXF

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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
EMXF	0.66	(0.06)	0.00	(0.16)	0.00	0.00	1.26	(1.58)	5.10
DMXF	0.60	(0.02)	(0.07)	0.00	0.87	(0.59)	1.34	(1.52)	3.69
LDEM	0.64	(0.05)	0.00	(0.13)	0.00	0.00	1.52	(1.47)	4.01
USXF	0.85	(0.03)	(0.03)	0.03	1.36	(0.77)	1.54	(1.68)	7.01
HYXF	0.23	0.02	(0.14)	0.20	0.25	(0.25)	0.44	(0.45)	1.57

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