IShares Interest Correlations

HYGH Etf

USD 87.57 0.23 0.26%

The current 90-days correlation between iShares Interest Rate and BondBloxx ETF Trust is 0.07 (i.e., Significant diversification). The correlation of IShares Interest 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 Interest Correlation With Market

Average diversification

The correlation between iShares Interest Rate 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 Interest Rate 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, which includes a position in iShares Interest Rate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with IShares Etf

0.73	HYG	iShares iBoxx High	Pair Corr
0.75	USHY	iShares Broad USD	Pair Corr
0.72	JNK	SPDR Bloomberg High	Pair Corr
0.88	SHYG	iShares 0 5	Pair Corr
0.76	HYLB	Xtrackers USD High	Pair Corr
0.89	SJNK	SPDR Bloomberg Short	Pair Corr
0.69	HYLS	First Trust Tactical	Pair Corr
0.65	SIXD	AIM ETF Products	Pair Corr
0.86	TSJA	TSJA	Pair Corr
0.87	DSJA	DSJA	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.91	AXP	American Express Earnings Call Today	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.63	MMM	3M Company Sell-off Trend	Pair Corr

Moving against IShares Etf

0.85	ULE	ProShares Ultra Euro	Pair Corr
0.83	VIIX	VIIX	Pair Corr
0.73	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.65	YCL	ProShares Ultra Yen	Pair Corr
0.54	FXY	Invesco CurrencyShares	Pair Corr
0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.66	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.63	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.62	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.58	HPQ	HP Inc	Pair Corr
0.57	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.55	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr
0.33	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	XB	VEMY	VSHY	EMCB	NJNK	EVHY	EVLN	NUHY	FALN
XB		0.89	0.96	0.11	0.93	0.91	0.62	0.92	0.89	XB
VEMY	0.89		0.93	0.13	0.95	0.93	0.74	0.93	0.92	VEMY
VSHY	0.96	0.93		0.04	0.92	0.88	0.75	0.89	0.87	VSHY
EMCB	0.11	0.13	0.04		0.22	0.28	-0.32	0.28	0.3	EMCB
NJNK	0.93	0.95	0.92	0.22		0.98	0.62	0.99	0.97	NJNK
EVHY	0.91	0.93	0.88	0.28	0.98		0.53	0.98	0.98	EVHY
EVLN	0.62	0.74	0.75	-0.32	0.62	0.53		0.54	0.51	EVLN
NUHY	0.92	0.93	0.89	0.28	0.99	0.98	0.54		0.98	NUHY
FALN	0.89	0.92	0.87	0.3	0.97	0.98	0.51	0.98		FALN
	XB	VEMY	VSHY	EMCB	NJNK	EVHY	EVLN	NUHY	FALN

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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

NUHY	+ 0.99	NJNK
EVHY	+ 0.98	NJNK
NUHY	+ 0.98	EVHY
FALN	+ 0.98	EVHY
FALN	+ 0.98	NUHY
FALN	+ 0.97	NJNK

High negative correlations

EVLN

- 0.32

EMCB

IShares Interest Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Interest 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 Interest'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
XB	0.23	0.01	(0.07)	0.16	0.30	(0.24)	0.46	(0.41)	2.55
VEMY	0.23	0.01	(0.06)	0.18	0.27	(0.26)	0.53	(0.41)	2.42
VSHY	0.20	0.01	(0.08)	0.22	0.26	(0.23)	0.46	(0.33)	2.20
EMCB	0.34	(0.02)	0.00	0.48	0.00	0.00	0.90	(0.68)	2.25
NJNK	0.19	0.01	(0.09)	0.13	0.21	(0.22)	0.40	(0.30)	1.36
EVHY	0.18	0.00	(0.12)	0.08	0.20	(0.20)	0.42	(0.34)	1.37
EVLN	0.06	0.02	(0.17)	2.24	0.00	(0.09)	0.16	(0.10)	0.54
NUHY	0.20	0.01	(0.07)	0.16	0.26	(0.21)	0.42	(0.43)	1.70
FALN	0.24	0.00	(0.09)	0.07	0.29	(0.27)	0.49	(0.45)	1.71

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