IShares Fixed Correlations

Summary

FIBRDelisted Etf

USD 90.16 0.08 0.09%

The current 90-days correlation between iShares Fixed Income and WisdomTree Japan Hedged is -0.15 (i.e., Good diversification). The correlation of IShares Fixed 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 Fixed Correlation With Market

Average diversification

The correlation between iShares Fixed Income and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Fixed Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with IShares Etf

0.73	IGIB	iShares 5 10	Pair Corr
0.85	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr
0.63	ARP	Advisors Inner Circle	Pair Corr
0.68	PXMV	Invesco SP MidCap	Pair Corr
0.9	SLX	VanEck Steel ETF	Pair Corr
0.89	PHT	PHT	Pair Corr
0.8	AJUL	Innovator Equity Defined	Pair Corr
0.81	CPER	United States Copper	Pair Corr
0.61	ITDJ	iShares Trust	Pair Corr
0.61	VOO	Vanguard SP 500	Pair Corr
0.72	TJUL	Innovator Etfs Trust	Pair Corr
0.89	CPSU	Calamos SP 500	Pair Corr
0.79	CSD	Invesco SP Spin	Pair Corr
0.74	DFAX	Dimensional World	Pair Corr
0.84	APRT	AllianzIM Large Cap	Pair Corr
0.68	SIXS	6 Meridian Small	Pair Corr
0.63	JADE	JP Morgan Exchange	Pair Corr
0.72	HEZU	iShares Currency Hedged	Pair Corr
0.9	ZJAN	Innovator Equity Defined	Pair Corr
0.7	MYCL	SPDR SSGA My2032	Pair Corr

Moving against IShares Etf

0.65	DHF	BNY Mellon High	Pair Corr
0.64	ENTR	ERShares Entrepreneurs	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.67	0.49	-0.57	0.45	-0.48	0.23	-0.19	-0.48	-0.58	META
MSFT	0.67		0.84	-0.54	0.4	-0.16	0.01	-0.36	-0.79	-0.62	MSFT
UBER	0.49	0.84		-0.59	0.55	-0.11	-0.23	-0.39	-0.86	-0.63	UBER
F	-0.57	-0.54	-0.59		-0.66	0.38	0.33	0.49	0.65	0.76	F
T	0.45	0.4	0.55	-0.66		-0.28	-0.57	-0.34	-0.46	-0.51	T
A	-0.48	-0.16	-0.11	0.38	-0.28		-0.3	-0.3	0.24	0.12	A
CRM	0.23	0.01	-0.23	0.33	-0.57	-0.3		0.47	0.18	0.27	CRM
JPM	-0.19	-0.36	-0.39	0.49	-0.34	-0.3	0.47		0.47	0.5	JPM
MRK	-0.48	-0.79	-0.86	0.65	-0.46	0.24	0.18	0.47		0.71	MRK
XOM	-0.58	-0.62	-0.63	0.76	-0.51	0.12	0.27	0.5	0.71		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.84	MSFT
XOM	+ 0.76	F
XOM	+ 0.71	MRK
MSFT	+ 0.67	META
MRK	+ 0.65	F
T	+ 0.55	UBER

High negative correlations

MRK	- 0.86	UBER
MRK	- 0.79	MSFT
T	- 0.66	F
XOM	- 0.63	UBER
XOM	- 0.62	MSFT
F	- 0.59	UBER

IShares Fixed Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Fixed 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 Fixed'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
META	1.38	(0.21)	0.00	(0.16)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.88	(0.11)	0.00	(0.12)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.47	(0.33)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.46	0.09	0.06	0.13	1.68	(1.60)	3.38	(2.63)	16.30
T	0.96	(0.20)	0.00	(0.72)	0.00	0.00	1.61	(2.18)	5.75
A	1.19	0.11	0.08	0.16	1.20	(1.33)	2.34	(2.21)	11.03
CRM	1.50	0.09	0.04	0.15	1.90	(1.49)	3.66	(2.92)	9.91
JPM	1.06	(0.03)	(0.01)	0.03	1.42	(1.11)	2.00	(1.91)	7.02
MRK	1.41	0.43	0.32	0.58	0.96	(1.81)	4.85	(1.98)	11.45
XOM	0.92	0.05	0.00	0.28	0.98	(0.99)	1.96	(1.51)	4.99

Delisting Warning - FIBR

iShares Fixed Income was delisted

The entity iShares Fixed Income with a symbol FIBR was delisted from BATS Exchange. Please try iShares Systematic Bond with a symbol SYSB from now on. Check all delisted instruments accross multiple markets.

Still Interested in iShares Fixed Income?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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