IShares Trust Correlations

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.

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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 + 0.9 F XOM + 0.78 UBER A + 0.75 META MSFT + 0.73 META CRM + 0.71 T JPM + 0.7 A

High negative correlations    CRM - 0.67 UBER XOM - 0.65 META MRK - 0.59 JPM F - 0.52 META XOM - 0.48 MSFT UBER - 0.47 MSFT

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.