IShares Correlations
| IAUF Etf | USD 63.01 0.08 0.13% |
The current 90-days correlation between IShares and VanEck Merk Gold is 0.1 (i.e., Average diversification). 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.
IShares Correlation With Market
Good diversification
The correlation between IShares and DJI is -0.13 (i.e., Good 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.
IShares |
Moving against IShares Etf
| 0.74 | VPL | Vanguard FTSE Pacific | PairCorr |
| 0.51 | PGF | Invesco Financial | PairCorr |
| 0.44 | WIA | Western AssetClaymore | PairCorr |
| 0.61 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.54 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.39 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.36 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.34 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OUNZ | 0.71 | 0.13 | 0.00 | (2.10) | 0.82 | 1.46 | 4.76 | |||
| AAAU | 0.71 | 0.13 | 0.00 | (2.15) | 0.81 | 1.51 | 4.76 | |||
| BAR | 0.71 | 0.13 | 0.00 | (1.85) | 0.82 | 1.47 | 4.84 | |||
| IAUM | 0.71 | 0.13 | 0.01 | (2.02) | 0.81 | 1.45 | 4.76 | |||
| CMDY | 0.63 | 0.06 | (0.07) | 7.81 | 0.77 | 1.37 | 3.33 |
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 |