IShares Infrastructure Correlations

IFRA Etf

USD 57.55 0.29 0.50%

The current 90-days correlation between iShares Infrastructure and Schwab Fundamental International is 0.69 (i.e., Poor diversification). The correlation of IShares Infrastructure 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 Infrastructure Correlation With Market

Very poor diversification

The correlation between iShares Infrastructure ETF and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Infrastructure ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Infrastructure ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with IShares Etf

0.95	PAVE	Global X Infrastructure Low Volatility	Pair Corr
0.87	IGF	iShares Global Infra	Pair Corr
0.77	NFRA	FlexShares STOXX Global	Pair Corr
0.88	GII	SPDR SP Global	Pair Corr
0.77	TOLZ	ProShares DJ Brookfield	Pair Corr
0.78	INFR	ClearBridge Sustainable	Pair Corr
0.89	BLLD	JPMorgan	Pair Corr
0.86	CPST	Calamos ETF Trust	Pair Corr
0.9	ITDD	iShares Trust	Pair Corr
0.85	OASC	OneAscent Small Cap	Pair Corr
0.91	BINC	BlackRock ETF Trust	Pair Corr
0.84	AHYB	American Century ETF	Pair Corr
0.86	VBK	Vanguard Small Cap	Pair Corr
0.92	RDIV	Invesco SP Ultra	Pair Corr
0.83	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.79	MRK	Merck Company Aggressive Push	Pair Corr
0.88	CVX	Chevron Corp	Pair Corr
0.94	CAT	Caterpillar	Pair Corr
0.9	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.89	BA	Boeing	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr

Moving against IShares Etf

0.76	MPAY	Exchange Traded Concepts	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.8	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	IWX	IVLU	IYH	EWU	SLYG	ITB	IXJ	IHI	LRGF	FNDC
IWX		0.99	0.64	0.97	0.93	0.7	0.81	-0.29	0.53	0.98	IWX
IVLU	0.99		0.6	0.98	0.9	0.63	0.79	-0.37	0.49	0.98	IVLU
IYH	0.64	0.6		0.54	0.6	0.43	0.96	0.38	0.25	0.56	IYH
EWU	0.97	0.98	0.54		0.87	0.59	0.74	-0.38	0.53	0.98	EWU
SLYG	0.93	0.9	0.6	0.87		0.78	0.74	-0.19	0.63	0.9	SLYG
ITB	0.7	0.63	0.43	0.59	0.78		0.54	-0.18	0.33	0.65	ITB
IXJ	0.81	0.79	0.96	0.74	0.74	0.54		0.15	0.32	0.76	IXJ
IHI	-0.29	-0.37	0.38	-0.38	-0.19	-0.18	0.15		0.14	-0.41	IHI
LRGF	0.53	0.49	0.25	0.53	0.63	0.33	0.32	0.14		0.49	LRGF
FNDC	0.98	0.98	0.56	0.98	0.9	0.65	0.76	-0.41	0.49		FNDC
	IWX	IVLU	IYH	EWU	SLYG	ITB	IXJ	IHI	LRGF	FNDC

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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

IVLU	+ 0.99	IWX
FNDC	+ 0.98	IWX
EWU	+ 0.98	IVLU
FNDC	+ 0.98	IVLU
FNDC	+ 0.98	EWU
EWU	+ 0.97	IWX

High negative correlations

FNDC	- 0.41	IHI
IHI	- 0.38	EWU
IHI	- 0.37	IVLU
IHI	- 0.29	IWX
IHI	- 0.19	SLYG
IHI	- 0.18	ITB

IShares Infrastructure Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Infrastructure 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 Infrastructure'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
IWX	0.51	0.09	0.14	0.16	0.40	(0.57)	1.22	(0.96)	2.70
IVLU	0.64	0.19	0.22	0.29	0.55	(0.74)	1.31	(1.39)	3.34
IYH	0.71	0.07	0.08	0.14	0.59	(0.85)	2.09	(1.27)	3.76
EWU	0.67	0.11	0.13	0.19	0.66	(0.74)	1.35	(1.09)	2.97
SLYG	0.78	0.05	0.06	0.08	0.85	(0.84)	1.64	(1.59)	4.73
ITB	1.29	0.07	0.07	0.08	1.13	(1.69)	4.22	(2.13)	8.51
IXJ	0.65	0.10	0.12	0.18	0.52	(0.73)	1.93	(1.16)	3.76
IHI	0.72	(0.08)	0.00	(0.11)	0.00	0.00	1.42	(1.31)	4.45
LRGF	0.56	(0.07)	0.00	(0.06)	0.00	0.00	1.05	(1.21)	3.41
FNDC	0.55	0.13	0.16	0.24	0.51	(0.62)	1.15	(1.07)	3.16

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