IShares Trust Correlations

IBIB Etf   25.40  0.01  0.04%   
The current 90-days correlation between iShares Trust and Vanguard Short Term Inflation Protected is 0.01 (i.e., Significant 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.

IShares Trust Correlation With Market

Good diversification

The correlation between iShares Trust and DJI is -0.04 (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 gross domestic product.
For information on how to trade IShares Etf refer to our How to Trade IShares Etf guide.

Moving together with IShares Etf

  0.9BSCP Invesco BulletShares 2025PairCorr
  0.98IBDQ iShares iBonds DecPairCorr
  0.95BSCQ Invesco BulletShares 2026PairCorr
  0.86IBDR iShares iBonds DecPairCorr

Moving against IShares Etf

  0.41BND Vanguard Total Bond Sell-off TrendPairCorr
  0.36BSCO InvescoPairCorr
  0.33VB Vanguard Small CapPairCorr
  0.32VTV Vanguard Value IndexPairCorr
  0.71AA Alcoa CorpPairCorr
  0.67INTC IntelPairCorr
  0.66HPQ HP IncPairCorr
  0.62XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.56TRV The Travelers CompaniesPairCorr
  0.53MCD McDonalds Earnings Call TodayPairCorr
  0.41PG Procter GamblePairCorr
  0.31CAT Caterpillar Earnings Call TodayPairCorr

Related Correlations Analysis

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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   
XOMF
AMETA
XOMUBER
JPMA
CRMT
JPMMETA
  
High negative correlations   
XOMMETA
CRMUBER
MRKJPM
FMETA
UBERMSFT
XOMMSFT

IShares Trust Competition 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.40  0.26  0.13  0.73  1.40 
 3.43 
 7.43 
MSFT  1.11 (0.04) 0.00 (0.73) 0.00 
 2.20 
 10.31 
UBER  1.55 (0.21) 0.00 (2.89) 0.00 
 2.67 
 12.29 
F  1.46 (0.15) 0.00 (0.17) 0.00 
 2.57 
 11.21 
T  1.00  0.11  0.07  0.29  1.06 
 1.91 
 7.94 
A  1.19  0.20  0.13  0.49  1.05 
 2.92 
 8.06 
CRM  1.55  0.24  0.11  0.87  1.52 
 3.70 
 14.80 
JPM  1.03  0.27  0.18  0.92  1.00 
 1.92 
 15.87 
MRK  1.00 (0.08) 0.00 (0.29) 0.00 
 2.00 
 5.24 
XOM  0.86 (0.19) 0.00 (0.33) 0.00 
 1.71 
 6.06