IShares SP Correlations

GSG Etf

USD 21.41 0.18 0.85%

The current 90-days correlation between iShares SP GSCI and abrdn Bloomberg All is 0.85 (i.e., Very poor diversification). The correlation of IShares SP 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares SP GSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with IShares Etf

0.99	PDBC	Invesco Optimum Yield	Pair Corr
0.87	FTGC	First Trust Global	Pair Corr
0.86	DBC	Invesco DB Commodity	Pair Corr
1.0	COMT	iShares GSCI Commodity	Pair Corr
0.85	DJP	iPath Bloomberg Commodity	Pair Corr
0.84	BCI	abrdn Bloomberg All	Pair Corr
0.87	CMDY	iShares Bloomberg Roll	Pair Corr
0.84	COMB	GraniteShares Bloomberg	Pair Corr
0.86	GCC	WisdomTree Continuous	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.63	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against IShares Etf

0.55

Procter Gamble

Pair Corr

Related Correlations Analysis

	BCD	COMB	COMT	BCI	CCRV
BCD		1.0	0.82	1.0	0.87	BCD
COMB	1.0		0.82	1.0	0.87	COMB
COMT	0.82	0.82		0.82	0.98	COMT
BCI	1.0	1.0	0.82		0.87	BCI
CCRV	0.87	0.87	0.98	0.87		CCRV
	BCD	COMB	COMT	BCI	CCRV

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IShares SP Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SP 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 SP'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
BCD	0.61	0.04	(0.05)	1.10	0.74	(0.61)	1.39	(1.19)	3.17
COMB	0.66	0.05	(0.04)	1.07	0.78	(0.65)	1.39	(1.32)	3.58
COMT	0.97	0.02	(0.06)	(0.50)	1.23	(0.96)	1.77	(2.11)	4.74
BCI	0.66	0.04	(0.04)	1.19	0.77	(0.68)	1.34	(1.26)	3.32
CCRV	0.91	0.02	(0.06)	0.59	1.04	(1.00)	1.68	(1.76)	4.17

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IShares SP Correlations

Moving together with IShares Etf

Moving against IShares Etf

Related Correlations Analysis

IShares SP Constituents Risk-Adjusted Indicators

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