IShares Correlations

IBML Etf

USD 25.49 0.01 0.04%

The current 90-days correlation between IShares and iShares iBonds Dec is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IShares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Correlation With Market

Good diversification

The correlation between IShares and DJI is -0.13 (i.e., Good 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.

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 population.

Moving together with IShares Etf

0.96	IBMM	iShares iBonds Dec	Pair Corr
0.74	IBMN	iShares iBonds Dec	Pair Corr
0.9	BSMO	Invesco BulletShares 2024	Pair Corr
0.93	BSMN	Invesco	Pair Corr
0.82	BSMP	Invesco BulletShares 2025	Pair Corr
0.9	ARKW	ARK Next Generation	Pair Corr
0.61	WTMF	WisdomTree Managed	Pair Corr
0.75	EWC	iShares MSCI Canada Sell-off Trend	Pair Corr
0.85	BST	BlackRock Science Tech	Pair Corr
0.97	USFR	WisdomTree Floating Rate	Pair Corr
0.92	XLF	Financial Select Sector Aggressive Push	Pair Corr
0.61	IDGT	iShares Trust Symbol Change	Pair Corr
0.87	BTC	Grayscale Bitcoin Mini	Pair Corr
0.86	DIVG	Invesco Exchange Traded	Pair Corr
0.87	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.79	BUG	Global X Cybersecurity	Pair Corr
0.86	DIVB	iShares Dividend	Pair Corr
0.93	PUTW	WisdomTree CBOE SP	Pair Corr
0.94	MSTY	YieldMax MSTR Option	Pair Corr
0.78	XLK	Technology Select Sector Sell-off Trend	Pair Corr
0.86	DISO	Tidal Trust II	Pair Corr

Moving against IShares Etf

0.67	IRET	Tidal Trust II	Pair Corr
0.6	IBMQ	iShares Trust	Pair Corr
0.58	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.44	IBMP	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.28	0.56	-0.01	0.59	0.02	0.66	0.28	-0.55	0.71	META
MSFT	0.28		0.24	0.11	0.18	-0.01	0.01	-0.17	0.12	-0.19	MSFT
UBER	0.56	0.24		-0.03	0.0	0.26	0.03	-0.11	0.05	0.36	UBER
F	-0.01	0.11	-0.03		0.06	-0.38	0.4	0.65	-0.28	0.3	F
T	0.59	0.18	0.0	0.06		-0.5	0.75	0.52	-0.77	0.38	T
A	0.02	-0.01	0.26	-0.38	-0.5		-0.48	-0.64	0.64	-0.01	A
CRM	0.66	0.01	0.03	0.4	0.75	-0.48		0.84	-0.92	0.68	CRM
JPM	0.28	-0.17	-0.11	0.65	0.52	-0.64	0.84		-0.83	0.51	JPM
MRK	-0.55	0.12	0.05	-0.28	-0.77	0.64	-0.92	-0.83		-0.56	MRK
XOM	0.71	-0.19	0.36	0.3	0.38	-0.01	0.68	0.51	-0.56		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

JPM	+ 0.84	CRM
CRM	+ 0.75	T
XOM	+ 0.71	META
XOM	+ 0.68	CRM
CRM	+ 0.66	META
JPM	+ 0.65	F

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.83	JPM
MRK	- 0.77	T
JPM	- 0.64	A
XOM	- 0.56	MRK
MRK	- 0.55	META

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	1.06	0.02	(0.01)	0.15	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.88	(0.08)	(0.07)	0.01	1.51	(0.83)	2.09	(1.85)	8.19
UBER	1.62	(0.12)	(0.05)	0.00	2.25	(1.79)	2.69	(2.44)	20.10
F	1.41	(0.13)	(0.03)	0.03	2.20	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.13	(10.00)	0.86	(1.04)	2.56	(1.72)	6.47
A	1.14	(0.13)	0.00	(0.12)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.26	0.21	0.35	0.91	(1.51)	3.18	(1.91)	9.09
JPM	1.12	0.00	0.06	0.12	1.44	(1.17)	2.05	(2.00)	15.87
MRK	0.88	(0.24)	0.00	(0.81)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.03	0.00	(0.04)	0.12	1.25	(1.10)	2.14	(2.09)	5.78

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.

iShares iBonds Dec iShares iBonds Dec IShares iShares iBonds Dec iShares iBonds Dec American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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