IShares Insurance Correlations

IAK Etf

USD 131.69 0.96 0.73%

The current 90-days correlation between iShares Insurance ETF and iShares Micro Cap ETF is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Insurance ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Insurance Correlation With Market

Weak diversification

The correlation between iShares Insurance ETF and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Insurance ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

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

Moving together with IShares Etf

0.69	XLF	Financial Select Sector Sell-off Trend	Pair Corr
0.68	VFH	Vanguard Financials Index	Pair Corr
0.7	IYF	iShares Financials ETF	Pair Corr
0.68	FNCL	Fidelity MSCI Financials	Pair Corr
0.66	IYG	iShares Financial	Pair Corr
0.68	FXO	First Trust Financials	Pair Corr
0.62	IXG	iShares Global Financials	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.66	MRK	Merck Company Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.6	HD	Home Depot	Pair Corr
0.54	PG	Procter Gamble	Pair Corr
0.4	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	HEZU	IAT	IHF	IEO	IYT	EWI	EWS	IGE	IXG	IWC
HEZU		0.85	0.27	0.26	0.89	0.91	0.66	0.88	0.87	0.88	HEZU
IAT	0.85		0.09	0.23	0.94	0.91	0.29	0.82	0.92	0.87	IAT
IHF	0.27	0.09		-0.19	0.18	0.03	0.27	0.05	0.12	0.28	IHF
IEO	0.26	0.23	-0.19		0.31	0.23	0.14	0.55	0.08	0.32	IEO
IYT	0.89	0.94	0.18	0.31		0.87	0.34	0.79	0.89	0.89	IYT
EWI	0.91	0.91	0.03	0.23	0.87		0.53	0.83	0.95	0.78	EWI
EWS	0.66	0.29	0.27	0.14	0.34	0.53		0.57	0.43	0.41	EWS
IGE	0.88	0.82	0.05	0.55	0.79	0.83	0.57		0.74	0.87	IGE
IXG	0.87	0.92	0.12	0.08	0.89	0.95	0.43	0.74		0.77	IXG
IWC	0.88	0.87	0.28	0.32	0.89	0.78	0.41	0.87	0.77		IWC
	HEZU	IAT	IHF	IEO	IYT	EWI	EWS	IGE	IXG	IWC

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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

IXG	+ 0.95	EWI
IYT	+ 0.94	IAT
IXG	+ 0.92	IAT
EWI	+ 0.91	HEZU
EWI	+ 0.91	IAT
IYT	+ 0.89	HEZU

High negative correlations

IEO

- 0.19

IHF

IShares Insurance Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Insurance 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 Insurance'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
HEZU	0.55	0.03	0.02	0.10	0.68	(0.57)	1.28	(1.22)	4.61
IAT	0.89	0.17	0.16	0.24	0.77	(1.00)	2.42	(1.19)	5.68
IHF	0.99	(0.23)	0.00	(0.13)	0.00	0.00	2.08	(1.82)	12.04
IEO	1.16	0.08	0.02	0.38	1.34	(1.20)	2.31	(2.02)	6.27
IYT	0.81	0.04	0.05	0.10	0.82	(0.90)	2.43	(1.40)	5.07
EWI	0.70	0.10	0.10	0.20	0.62	(0.79)	1.53	(1.41)	3.54
EWS	0.62	0.03	0.00	0.12	0.74	(0.64)	1.67	(1.37)	3.78
IGE	0.81	0.24	0.21	0.55	0.69	(0.91)	1.58	(1.55)	3.89
IXG	0.56	0.10	0.05	0.74	0.66	(0.56)	1.22	(1.34)	3.52
IWC	1.08	0.08	0.06	0.13	1.33	(1.05)	2.13	(1.92)	5.08

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