IShares IBonds Correlations

IBTH Etf

USD 22.19 0.01 0.04%

The current 90-days correlation between iShares iBonds Dec and Invesco BulletShares 2029 is 0.89 (i.e., Very poor diversification). The correlation of IShares IBonds 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 IBonds Correlation With Market

Good diversification

The correlation between iShares iBonds Dec and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares iBonds Dec 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 iBonds Dec. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with IShares Etf

0.87	IBDS	iShares iBonds Dec	Pair Corr
0.95	BND	Vanguard Total Bond	Pair Corr
0.67	VEA	Vanguard FTSE Developed	Pair Corr
0.68	VZ	Verizon Communications Aggressive Push	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.66	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.72	PG	Procter Gamble	Pair Corr

Moving against IShares Etf

0.66	IBTD	IShares	Pair Corr
0.64	VUG	Vanguard Growth Index	Pair Corr
0.63	BSCN	Invesco	Pair Corr
0.6	VB	Vanguard Small Cap	Pair Corr
0.59	IBDO	IShares	Pair Corr
0.59	VTI	Vanguard Total Stock	Pair Corr
0.58	IBDP	iShares iBonds Dec	Pair Corr
0.58	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.58	IVV	iShares Core SP	Pair Corr
0.57	BSCO	Invesco BulletShares 2024	Pair Corr
0.57	VO	Vanguard Mid Cap	Pair Corr
0.44	IBDQ	iShares iBonds Dec	Pair Corr
0.44	VTV	Vanguard Value Index	Pair Corr
0.43	BSCP	Invesco BulletShares 2025	Pair Corr
0.83	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.73	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.54	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.54	DIS	Walt Disney	Pair Corr
0.52	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.41	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.28	0.57	-0.02	0.62	0.02	0.71	0.3	-0.57	0.73	META
MSFT	0.28		0.24	0.13	0.18	-0.02	0.02	-0.17	0.11	-0.19	MSFT
UBER	0.57	0.24		-0.01	0.05	0.25	0.08	-0.07	0.02	0.38	UBER
F	-0.02	0.13	-0.01		-0.04	-0.36	0.32	0.6	-0.22	0.26	F
T	0.62	0.18	0.05	-0.04		-0.46	0.71	0.45	-0.75	0.39	T
A	0.02	-0.02	0.25	-0.36	-0.46		-0.47	-0.65	0.63	0.0	A
CRM	0.71	0.02	0.08	0.32	0.71	-0.47		0.81	-0.92	0.68	CRM
JPM	0.3	-0.17	-0.07	0.6	0.45	-0.65	0.81		-0.82	0.49	JPM
MRK	-0.57	0.11	0.02	-0.22	-0.75	0.63	-0.92	-0.82		-0.56	MRK
XOM	0.73	-0.19	0.38	0.26	0.39	0.0	0.68	0.49	-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	+ 0.81	CRM
XOM	+ 0.73	META
CRM	+ 0.71	META
CRM	+ 0.71	T
XOM	+ 0.68	CRM
MRK	+ 0.63	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.82	JPM
MRK	- 0.75	T
JPM	- 0.65	A
MRK	- 0.57	META
XOM	- 0.56	MRK

IShares IBonds Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares IBonds 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 IBonds' 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	1.05	0.01	(0.01)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.11)	0.00	(0.05)	0.00	0.00	2.09	(2.02)	8.19
UBER	1.56	(0.16)	0.00	(0.06)	0.00	0.00	2.53	(2.44)	20.10
F	1.39	(0.12)	(0.03)	0.02	2.20	(1.34)	2.53	(2.90)	11.72
T	0.92	0.26	0.15	57.17	0.86	(1.04)	2.56	(1.72)	6.47
A	1.12	(0.13)	0.00	(0.16)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.27	0.23	0.33	0.92	(1.51)	3.18	(1.91)	9.09
JPM	1.11	0.03	0.07	0.12	1.44	(1.15)	2.05	(2.00)	15.87
MRK	0.85	(0.24)	0.00	(1.03)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.04	0.06	0.01	0.20	1.20	(1.10)	2.14	(2.09)	5.78

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