IShares Trust Correlations

Etfs . USA . 
Etf . iShares Trust
HYGW Etf  USD 32.03  0.03  0.09%   
The current 90-days correlation between iShares Trust and iShares Trust is 0.53 (i.e., Very weak diversification). The correlation of IShares Trust 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 Trust Correlation With Market

Average diversification

The correlation between iShares Trust and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust 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 Trust . 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.
For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

  0.88HYG iShares iBoxx HighPairCorr
  0.89USHY iShares Broad USDPairCorr
  0.88JNK SPDR Bloomberg HighPairCorr
  0.86SHYG iShares 0 5PairCorr
  0.89HYLB Xtrackers USD HighPairCorr
  0.87SJNK SPDR Bloomberg ShortPairCorr
  0.81ANGL VanEck Fallen AngelPairCorr
  0.89FALN iShares Fallen AngelsPairCorr
  0.87HYLS First Trust TacticalPairCorr
  0.84HYDW Xtrackers Low BetaPairCorr
  0.78SIXD AIM ETF ProductsPairCorr
  0.76CEFD ETRACS Monthly PayPairCorr
  0.65RFDA RiverFront DynamicPairCorr
  0.64DIS Walt Disney Earnings Call This WeekPairCorr
  0.8AXP American ExpressPairCorr
  0.77WMT Walmart Aggressive PushPairCorr

Moving against IShares Etf

  0.54ULE ProShares Ultra EuroPairCorr
  0.51VIIX VIIXPairCorr
  0.48JNJ Johnson JohnsonPairCorr
  0.42PFE Pfizer Inc Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CEFD
+ 0.87
SVOL
CEFD
+ 0.79
LQDW
SVOL
+ 0.74
LQDW
OARK
+ 0.64
SVOL
CEFD
+ 0.61
OARK
TLTW
+ 0.53
LQDW
  
High negative correlations   
OARK
- 0.12
TLTW

IShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY