IShares Energy Correlations

IBAT Etf

33.15 0.93 2.89%

The current 90-days correlation between iShares Energy Storage and Tidal ETF Trust is 0.23 (i.e., Modest diversification). The correlation of IShares Energy 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 Energy Correlation With Market

Very weak diversification

The correlation between iShares Energy Storage and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Energy Storage 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 Energy Storage. 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

0.95	ICLN	iShares Global Clean	Pair Corr
0.8	TAN	Invesco Solar ETF	Pair Corr
0.75	QCLN	First Trust NASDAQ	Pair Corr
0.73	DRIV	Global X Autonomous	Pair Corr
0.85	ACES	ALPS Clean Energy	Pair Corr
0.67	USD	ProShares Ultra Semi	Pair Corr
0.75	DIG	ProShares Ultra Oil	Pair Corr
0.75	URNM	Sprott Uranium Miners	Pair Corr

Moving against IShares Etf

0.44	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.37	IPAY	Amplify Digital Payments	Pair Corr

Related Correlations Analysis

	CHPS	SUPP	QQQA	SIMS	NIKL	GXDW	BOUT	FLAO	PBQQ	FIXP
CHPS		0.85	0.95	0.5	0.92	0.18	0.92	0.88	0.84	0.85	CHPS
SUPP	0.85		0.82	0.73	0.71	0.45	0.9	0.78	0.74	0.62	SUPP
QQQA	0.95	0.82		0.55	0.86	0.28	0.89	0.92	0.91	0.81	QQQA
SIMS	0.5	0.73	0.55		0.3	0.8	0.59	0.39	0.38	0.13	SIMS
NIKL	0.92	0.71	0.86	0.3		0.12	0.86	0.84	0.81	0.89	NIKL
GXDW	0.18	0.45	0.28	0.8	0.12		0.31	0.12	0.17	-0.18	GXDW
BOUT	0.92	0.9	0.89	0.59	0.86	0.31		0.82	0.77	0.75	BOUT
FLAO	0.88	0.78	0.92	0.39	0.84	0.12	0.82		0.98	0.89	FLAO
PBQQ	0.84	0.74	0.91	0.38	0.81	0.17	0.77	0.98		0.86	PBQQ
FIXP	0.85	0.62	0.81	0.13	0.89	-0.18	0.75	0.89	0.86		FIXP
	CHPS	SUPP	QQQA	SIMS	NIKL	GXDW	BOUT	FLAO	PBQQ	FIXP

Please upgrade your account to get full access to Macroaxis premium features

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

PBQQ	+ 0.98	FLAO
QQQA	+ 0.95	CHPS
NIKL	+ 0.92	CHPS
BOUT	+ 0.92	CHPS
FLAO	+ 0.92	QQQA
PBQQ	+ 0.91	QQQA

High negative correlations

FIXP

- 0.18

GXDW

IShares Energy Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Energy 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 Energy'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
CHPS	1.77	0.16	0.09	0.18	1.96	(1.85)	3.85	(3.69)	7.99
SUPP	0.88	(0.04)	(0.03)	0.04	1.17	(0.88)	1.62	(2.34)	4.69
QQQA	1.35	(0.02)	0.00	0.07	1.89	(1.36)	2.77	(3.00)	8.09
SIMS	1.36	(0.19)	0.00	(0.04)	0.00	0.00	2.38	(3.76)	8.03
NIKL	2.18	0.29	0.11	0.27	2.47	(2.28)	4.49	(3.64)	14.52
GXDW	1.33	(0.34)	0.00	(0.18)	0.00	0.00	3.00	(3.64)	7.24
BOUT	1.06	(0.02)	0.00	0.07	1.27	(1.09)	2.69	(2.39)	5.98
FLAO	0.26	(0.01)	(0.16)	0.05	0.32	(0.27)	0.60	(0.60)	1.76
PBQQ	0.34	(0.02)	(0.15)	0.02	0.44	(0.35)	0.77	(0.84)	2.16
FIXP	0.11	0.02	(0.29)	0.38	0.00	(0.14)	0.25	(0.15)	0.75

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

2026 Macroaxis LLC