IShares Infrastructure Correlations

IFRA Etf

USD 60.35 0.07 0.12%

The current 90-days correlation between iShares Infrastructure and Sycamore Entmt Grp is 0.05 (i.e., Significant 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

Poor diversification

The correlation between iShares Infrastructure ETF and DJI is 0.79 (i.e., 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 real.

Moving together with IShares Etf

0.99	PAVE	Global X Infrastructure	Pair Corr
0.95	IGF	iShares Global Infra	Pair Corr
0.91	NFRA	FlexShares STOXX Global	Pair Corr
0.95	GII	SPDR SP Global	Pair Corr
0.93	TOLZ	ProShares DJ Brookfield	Pair Corr
0.79	SIMS	SPDR SP Kensho	Pair Corr
0.78	INFR	ClearBridge Sustainable	Pair Corr
0.85	BLLD	JPMorgan	Pair Corr
0.76	XKII	SPDR Kensho Intelligent	Pair Corr
0.79	ITWO	Proshares Russell 2000	Pair Corr
0.76	AMPD	Tidal ETF Services	Pair Corr
0.67	ELON	Battleshares TSLA	Pair Corr
0.8	CPST	Calamos ETF Trust	Pair Corr
0.92	CVMC	Morgan Stanley ETF	Pair Corr
0.93	RHRX	Starboard Investment	Pair Corr
0.94	ILOW	AB Active ETFs	Pair Corr
0.93	DFE	WisdomTree Europe	Pair Corr
0.98	DXJ	WisdomTree Japan Hedged	Pair Corr
0.97	VDC	Vanguard Consumer Staples	Pair Corr
0.68	PAUG	Innovator Equity Power	Pair Corr
0.85	HCMAX	THE HILLMAN FUND	Pair Corr
0.91	AHYB	American Century ETF	Pair Corr
0.8	DIA	SPDR Dow Jones	Pair Corr
0.63	GOCT	FT Cboe Vest	Pair Corr
0.9	USO	United States Oil	Pair Corr
0.92	IYR	iShares Real Estate	Pair Corr
0.95	FNK	First Trust Mid	Pair Corr
0.8	RSST	Return Stacked Stocks	Pair Corr
0.96	AVDS	Avantis International	Pair Corr
0.73	DOO	BRP Inc Symbol Change	Pair Corr
0.92	KNGZ	First Trust Exchange	Pair Corr
0.97	DFIV	Dimensional International Sell-off Trend	Pair Corr
0.79	URA	Global X Uranium	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.98	PID	Invesco International	Pair Corr
0.95	IOCT	Innovator ETFs Trust	Pair Corr
0.7	UAUG	Innovator Equity Ultra	Pair Corr

Moving against IShares Etf

0.81	MPAY	Exchange Traded Concepts	Pair Corr
0.66	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	ENAV	MSTSX	LBHIX	VIASP	RRTLX	WQTM	OSHDF	SITKF	RWAYL	SEGI
ENAV		-0.52	-0.43	-0.59	-0.56	-0.01	0.0	0.17	-0.64	0.5	ENAV
MSTSX	-0.52		0.83	0.91	0.96	0.44	0.0	-0.23	0.77	-0.6	MSTSX
LBHIX	-0.43	0.83		0.82	0.85	0.49	0.0	-0.28	0.72	-0.48	LBHIX
VIASP	-0.59	0.91	0.82		0.95	0.37	0.0	-0.32	0.85	-0.67	VIASP
RRTLX	-0.56	0.96	0.85	0.95		0.4	0.0	-0.2	0.86	-0.62	RRTLX
WQTM	-0.01	0.44	0.49	0.37	0.4		0.0	-0.1	0.11	-0.2	WQTM
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSHDF
SITKF	0.17	-0.23	-0.28	-0.32	-0.2	-0.1	0.0		-0.14	0.31	SITKF
RWAYL	-0.64	0.77	0.72	0.85	0.86	0.11	0.0	-0.14		-0.59	RWAYL
SEGI	0.5	-0.6	-0.48	-0.67	-0.62	-0.2	0.0	0.31	-0.59		SEGI
	ENAV	MSTSX	LBHIX	VIASP	RRTLX	WQTM	OSHDF	SITKF	RWAYL	SEGI

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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

RRTLX	+ 0.96	MSTSX
RRTLX	+ 0.95	VIASP
VIASP	+ 0.91	MSTSX
RWAYL	+ 0.86	RRTLX
RRTLX	+ 0.85	LBHIX
RWAYL	+ 0.85	VIASP

High negative correlations

SEGI	- 0.67	VIASP
RWAYL	- 0.64	ENAV
SEGI	- 0.62	RRTLX
SEGI	- 0.6	MSTSX
SEGI	- 0.59	RWAYL
VIASP	- 0.59	ENAV

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
ENAV	91.93	41.93	0.87	(6.56)	26.60	(90.71)	642.29	(86.58)	750.25
MSTSX	0.62	0.28	0.29	8.99	0.00	(0.77)	1.45	(0.88)	12.34
LBHIX	0.12	0.04	(0.35)	0.46	0.00	(0.22)	0.24	(0.12)	2.15
VIASP	0.28	0.05	(0.09)	10.66	0.17	(0.33)	0.64	(0.59)	1.72
RRTLX	0.25	0.07	0.06	0.31	0.00	(0.34)	0.57	(0.40)	3.30
WQTM	1.68	0.07	0.05	0.12	1.88	(1.73)	3.48	(3.22)	9.00
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITKF	2.67	0.20	0.06	0.28	2.79	(3.55)	7.81	(5.71)	16.83
RWAYL	0.12	0.01	(0.40)	0.43	0.00	(0.15)	0.24	(0.20)	0.88
SEGI	11.09	1.16	0.05	0.64	11.35	(29.49)	33.33	(25.00)	58.33

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