ISharesUBS Treasury Correlations

IGB Etf

96.00 0.60 0.62%

The current 90-days correlation between iSharesUBS Treasury and iShares MSCI Emerging is 0.09 (i.e., Significant diversification). The correlation of ISharesUBS Treasury 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ISharesUBS Treasury Correlation With Market

Good diversification

The correlation between iSharesUBS Treasury and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iSharesUBS Treasury and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ISharesUBS Treasury could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISharesUBS Treasury when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ISharesUBS Treasury - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iSharesUBS Treasury to buy it.

Moving together with ISharesUBS Etf

0.76	GGOV	BetaShares Global	Pair Corr
0.71	ILB	iShares UBS Government	Pair Corr
0.76	AGVT	BetaShares Australian	Pair Corr
0.77	RGB	Russell Australian	Pair Corr

Moving against ISharesUBS Etf

0.8	RBTZ	BetaShares Global	Pair Corr
0.36	SEMI	Global X Semiconductor	Pair Corr
0.35	GEAR	BetaShares Geared	Pair Corr

Related Correlations Analysis

	IGB	IEM	HGEN	GOOD	JHPI	MVR	BSUB	YTMLLC	CLDD
IGB		-0.14	-0.19	0.63	-0.24	-0.05	-0.73	0.0	-0.87	IGB
IEM	-0.14		0.01	0.04	0.76	0.95	0.63	0.0	0.4	IEM
HGEN	-0.19	0.01		0.08	0.11	0.15	0.03	0.0	0.16	HGEN
GOOD	0.63	0.04	0.08		0.08	0.11	-0.28	0.0	-0.5	GOOD
JHPI	-0.24	0.76	0.11	0.08		0.74	0.73	0.0	0.54	JHPI
MVR	-0.05	0.95	0.15	0.11	0.74		0.52	0.0	0.34	MVR
BSUB	-0.73	0.63	0.03	-0.28	0.73	0.52		0.0	0.89	BSUB
YTMLLC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	YTMLLC
CLDD	-0.87	0.4	0.16	-0.5	0.54	0.34	0.89	0.0		CLDD
	IGB	IEM	HGEN	GOOD	JHPI	MVR	BSUB	YTMLLC	CLDD

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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

MVR	+ 0.95	IEM
CLDD	+ 0.89	BSUB
JHPI	+ 0.76	IEM
MVR	+ 0.74	JHPI
BSUB	+ 0.73	JHPI
GOOD	+ 0.63	IGB

High negative correlations

CLDD	- 0.87	IGB
BSUB	- 0.73	IGB
CLDD	- 0.5	GOOD
BSUB	- 0.28	GOOD
JHPI	- 0.24	IGB
HGEN	- 0.19	IGB

ISharesUBS Treasury Constituents Risk-Adjusted Indicators

There is a big difference between ISharesUBS Etf performing well and ISharesUBS Treasury 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 ISharesUBS Treasury'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
IGB	0.20	(0.03)	0.00	0.65	0.00	0.00	0.37	(0.36)	1.18
IEM	0.52	0.03	(0.14)	(1.52)	0.64	(0.51)	1.05	(1.14)	3.90
HGEN	1.46	0.10	(0.02)	(0.64)	1.88	(1.55)	2.64	(2.90)	10.26
GOOD	0.11	0.00	(0.25)	0.05	0.17	(0.29)	0.36	(0.30)	1.71
JHPI	0.19	0.05	(0.10)	(1.01)	0.00	(0.54)	0.74	(0.13)	2.48
MVR	0.94	0.08	(0.04)	1.37	0.89	(1.25)	2.30	(1.44)	4.45
BSUB	0.06	0.02	(1.03)	(1.38)	0.00	(0.08)	0.16	(0.08)	0.40
YTMLLC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLDD	0.88	0.28	0.21	0.60	0.63	(1.07)	2.21	(1.43)	7.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in ISharesUBS Treasury without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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