IShares I Correlations
| EXV9 Etf | EUR 24.13 0.07 0.29% |
The current 90-days correlation between iShares I and SPDR SP Consumer is 0.1 (i.e., Average diversification). The correlation of IShares I 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 I Correlation With Market
Poor diversification
The correlation between iShares I and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares I and DJI in the same portfolio, assuming nothing else is changed.
IShares |
The ability to find closely correlated positions to IShares I could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares I when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares I - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares I to buy it.
Moving together with IShares Etf
| 0.69 | EXX1 | iShares EURO STOXX | PairCorr |
| 0.69 | LYBK | Lyxor UCITS Stoxx | PairCorr |
| 0.74 | EXX1 | iShares EURO STOXX | PairCorr |
| 0.7 | S7XE | Invesco EURO STOXX | PairCorr |
| 0.62 | EXV1 | iShares STOXX Europe | PairCorr |
| 0.65 | SC0U | Invesco Markets plc | PairCorr |
| 0.63 | D6RR | Deka MSCI Europe | PairCorr |
| 0.62 | GQWD | Goldman Sachs Alpha | PairCorr |
| 0.8 | IUS2 | iShares SP Banks | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in IShares I without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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