IShares Trust Correlations

IBDV Etf

USD 21.66 0.07 0.32%

The current 90-days correlation between iShares Trust and iShares Trust is 0.97 (i.e., Almost no 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

Good diversification

The correlation between iShares Trust and DJI is -0.08 (i.e., Good 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 unemployment.

For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

0.86	IBDS	iShares iBonds Dec	Pair Corr
0.99	BND	Vanguard Total Bond	Pair Corr
0.77	VEA	Vanguard FTSE Developed	Pair Corr
0.88	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.88	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against IShares Etf

0.81	IBTD	IShares	Pair Corr
0.77	BSCN	Invesco	Pair Corr
0.76	IBDO	IShares	Pair Corr
0.76	IBDP	iShares iBonds Dec	Pair Corr
0.75	BSCO	Invesco BulletShares 2024	Pair Corr
0.71	VUG	Vanguard Growth Index	Pair Corr
0.67	VTI	Vanguard Total Stock	Pair Corr
0.66	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.66	IVV	iShares Core SP	Pair Corr
0.66	VO	Vanguard Mid Cap	Pair Corr
0.65	IBDQ	iShares iBonds Dec	Pair Corr
0.65	VB	Vanguard Small Cap	Pair Corr
0.64	BSCP	Invesco BulletShares 2025	Pair Corr
0.54	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.78	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.63	DIS	Walt Disney Aggressive Push	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.55	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.53	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.48	T	ATT Inc Aggressive Push	Pair Corr
0.46	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.34	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	IBDU	IBDT	IBDS	IBDR	IBDQ
IBDU		0.94	0.89	0.28	-0.59	IBDU
IBDT	0.94		0.9	0.41	-0.44	IBDT
IBDS	0.89	0.9		0.66	-0.18	IBDS
IBDR	0.28	0.41	0.66		0.6	IBDR
IBDQ	-0.59	-0.44	-0.18	0.6		IBDQ
	IBDU	IBDT	IBDS	IBDR	IBDQ

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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

IBDT	+ 0.94	IBDU
IBDS	+ 0.9	IBDT
IBDS	+ 0.89	IBDU
IBDR	+ 0.66	IBDS
IBDQ	+ 0.6	IBDR
IBDR	+ 0.41	IBDT

High negative correlations

IBDQ	- 0.59	IBDU
IBDQ	- 0.44	IBDT
IBDQ	- 0.18	IBDS

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IBDU	0.16	(0.01)	0.00	1.60	0.00	0.00	0.34	(0.30)	1.00
IBDT	0.13	(0.01)	(0.76)	(0.17)	0.15	(0.14)	0.24	(0.28)	0.76
IBDS	0.11	0.00	(0.84)	0.90	0.10	(0.13)	0.21	(0.17)	0.71
IBDR	0.07	0.00	(1.44)	0.75	0.00	(0.09)	0.17	(0.08)	0.42
IBDQ	0.03	0.01	(2.52)	3.26	0.00	(0.05)	0.08	(0.04)	0.16

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