IShares Correlations

IBDQ Etf

USD 25.12 0.00 0.00%

The current 90-days correlation between IShares and Tradr 2X Long is 0.14 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Correlation With Market

Very poor diversification

The correlation between IShares and DJI is 0.87 (i.e., Very poor 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.

Build AI portfolio with IShares Etf

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

Moving together with IShares Etf

0.99	BSCP	Invesco	Pair Corr
0.99	BSCQ	Invesco BulletShares 2026	Pair Corr
0.99	IBDR	iShares iBonds Dec	Pair Corr
0.98	IBDS	iShares iBonds Dec	Pair Corr
0.88	ITWO	Proshares Russell 2000	Pair Corr
0.7	AMPD	Tidal ETF Services	Pair Corr
0.93	CPST	Calamos ETF Trust	Pair Corr
0.89	SCDV	ETF Series Solutions	Pair Corr
0.97	BSMS	Invesco BulletShares 2028	Pair Corr
0.98	JPIE	JP Morgan Exchange	Pair Corr
0.79	LITP	Sprott Lithium Miners	Pair Corr
0.94	UMAY	Innovator ETFs Trust	Pair Corr
0.93	FIDU	Fidelity MSCI Industrials	Pair Corr
0.95	FNDC	Schwab Fundamental	Pair Corr
0.73	SFLO	VictoryShares Small Cap	Pair Corr
0.83	LSEQ	Harbor ETF Trust	Pair Corr
0.85	TLCI	Touchstone ETF Trust	Pair Corr
0.8	DOGG	First Trust Exchange	Pair Corr
0.9	WDNA	WisdomTree BioRevolution	Pair Corr
0.77	CTEX	ProShares SP Kensho	Pair Corr
0.93	ESML	iShares ESG Aware	Pair Corr
0.94	GAPR	First Trust Exchange	Pair Corr
1.0	VGUS	Vanguard Ultra Short	Pair Corr
0.95	TAXT	Northern Trust Tax	Pair Corr
0.9	EWT	iShares MSCI Taiwan	Pair Corr
0.74	VTHR	Vanguard Russell 3000	Pair Corr
0.9	XFIX	Fm Investments Symbol Change	Pair Corr
0.85	QLV	FlexShares Quality Low	Pair Corr
0.86	EMES	Harbor ETF Trust	Pair Corr
0.89	TOCT	Innovator Equity Defined	Pair Corr
0.87	NCPB	Nuveen Core Plus	Pair Corr
0.92	PCEM	Litman Gregory Funds	Pair Corr
0.96	SCZ	iShares MSCI EAFE	Pair Corr
0.75	HCOW	Amplify Cash Flow	Pair Corr
0.9	PFF	iShares Preferred	Pair Corr
0.95	CCNR	CoreCommodity Natural	Pair Corr
0.65	GOOX	Etf Opportunities Trust	Pair Corr

Moving against IShares Etf

0.82

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.46	0.43	0.16	-0.53	-0.1	0.33	0.48	0.43	META
MSFT	-0.41		0.8	-0.53	-0.65	0.71	0.81	0.06	-0.85	-0.91	MSFT
UBER	-0.46	0.8		-0.46	-0.48	0.78	0.53	-0.09	-0.8	-0.74	UBER
F	0.43	-0.53	-0.46		0.06	-0.41	-0.23	0.3	0.68	0.6	F
T	0.16	-0.65	-0.48	0.06		-0.39	-0.75	-0.13	0.4	0.58	T
A	-0.53	0.71	0.78	-0.41	-0.39		0.48	-0.04	-0.63	-0.78	A
CRM	-0.1	0.81	0.53	-0.23	-0.75	0.48		0.44	-0.56	-0.81	CRM
JPM	0.33	0.06	-0.09	0.3	-0.13	-0.04	0.44		0.21	-0.08	JPM
MRK	0.48	-0.85	-0.8	0.68	0.4	-0.63	-0.56	0.21		0.82	MRK
XOM	0.43	-0.91	-0.74	0.6	0.58	-0.78	-0.81	-0.08	0.82		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.82	MRK
CRM	+ 0.81	MSFT
UBER	+ 0.8	MSFT
A	+ 0.78	UBER
A	+ 0.71	MSFT
MRK	+ 0.68	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.85	MSFT
XOM	- 0.81	CRM
MRK	- 0.8	UBER
XOM	- 0.78	A
CRM	- 0.75	T

IShares Competition 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
META	1.51	0.00	(0.02)	0.06	1.53	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.36)	0.00	(0.92)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
F	1.22	0.07	0.05	0.14	1.20	(1.48)	3.34	(2.30)	7.16
T	1.02	0.23	0.17	3.71	0.77	(1.19)	3.87	(1.54)	5.31
A	1.27	(0.30)	0.00	(0.17)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.68	(0.41)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.15)	0.00	(0.04)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.35	0.49	0.35	0.77	0.97	(1.72)	3.59	(1.98)	8.74
XOM	1.24	0.36	0.22	1.65	1.11	(1.42)	2.68	(2.12)	6.83

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.

SPDR SSGA My2029 SPDR SSGA My2030 Morgan Stanley ETF Goldman Sachs ETF ProShares UltraPro Short Sprott Junior Copper Tradr 2X Long American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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