IShares Correlations

Etfs . USA . 
Etf . IShares
HEWU Etf  USD 25.36  0.00  0.00%   
The correlation of IShares 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 Correlation With Market

Significant diversification

The correlation between IShares and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IShares and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis 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 housing.

Moving together with IShares Etf

  0.75EWU iShares MSCI UnitedPairCorr
  0.63EWY iShares MSCI SouthPairCorr
  0.62EWQ iShares MSCI FrancePairCorr
  0.73BND Vanguard Total Bond Sell-off TrendPairCorr
  0.83MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75JNJ Johnson Johnson Sell-off TrendPairCorr
  0.8KO Coca Cola Aggressive PushPairCorr
  0.72BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Moving against IShares Etf

  0.77VUG Vanguard Growth IndexPairCorr
  0.74SPY SPDR SP 500 Aggressive PushPairCorr
  0.74IVV iShares Core SPPairCorr
  0.73VTI Vanguard Total StockPairCorr
  0.7VO Vanguard Mid CapPairCorr
  0.65VB Vanguard Small CapPairCorr
  0.62VTV Vanguard Value IndexPairCorr
  0.47BBCA JPMorgan BetaBuildersPairCorr
  0.46EWC iShares MSCI CanadaPairCorr
  0.42VWO Vanguard FTSE EmergingPairCorr
  0.79CSCO Cisco Systems Aggressive PushPairCorr
  0.72INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.7T ATT Inc Sell-off TrendPairCorr
  0.7AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.66CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.64TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.59HD Home DepotPairCorr
  0.56XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.56JPM JPMorgan Chase Sell-off TrendPairCorr

Related Correlations Analysis

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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   
JPM
+ 0.85
CRM
CRM
+ 0.77
T
XOM
+ 0.71
META
JPM
+ 0.67
F
XOM
+ 0.66
CRM
CRM
+ 0.65
META
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.83
JPM
MRK
- 0.78
T
JPM
- 0.64
A
XOM
- 0.56
MRK
MRK
- 0.54
META

IShares Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 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' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.06  0.06  0.02  0.21  1.39 
(1.15)
 2.62 
(3.15)
 8.02 
MSFT  0.90 (0.03)(0.04) 0.07  1.49 
(0.86)
 2.09 
(1.85)
 8.19 
UBER  1.62 (0.13)(0.05) 0.00  2.26 
(1.79)
 2.69 
(2.53)
 20.10 
F  1.43 (0.15)(0.04) 0.02  2.24 
(1.39)
 2.53 
(2.90)
 11.21 
T  0.92  0.26  0.12 (9.48) 0.86 
(1.06)
 2.56 
(1.72)
 6.47 
A  1.14 (0.13) 0.00 (0.12) 0.00 
 0.00 
 2.29 
(2.42)
 9.02 
CRM  1.29  0.26  0.22  0.36  0.91 
(1.53)
 3.18 
(1.91)
 9.09 
JPM  1.12 (0.01) 0.06  0.12  1.42 
(1.19)
 2.05 
(2.00)
 15.87 
MRK  0.89 (0.23) 0.00 (0.76) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  1.02 (0.06)(0.09) 0.00  1.34 
(1.07)
 2.10 
(2.09)
 5.74 

IShares Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IShares etf to make a market-neutral strategy. Peer analysis of IShares could also be used in its relative valuation, which is a method of valuing IShares by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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