IShares Core Correlations

IJH Etf

USD 70.53 1.06 1.48%

The current 90-days correlation between iShares Core SP and iShares Core SP is 0.01 (i.e., Significant diversification). The correlation of IShares Core 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 Core Correlation With Market

Almost no diversification

The correlation between iShares Core SP and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core SP 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 Core SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IShares Etf

0.97	VO	Vanguard Mid Cap	Pair Corr
0.93	VXF	Vanguard Extended Market	Pair Corr
0.99	IWR	iShares Russell Mid Sell-off Trend	Pair Corr
1.0	MDY	SPDR SP MIDCAP	Pair Corr
0.94	FV	First Trust Dorsey	Pair Corr
1.0	IVOO	Vanguard SP Mid	Pair Corr
1.0	JHMM	John Hancock Multifactor	Pair Corr
1.0	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.95	XMMO	Invesco SP MidCap	Pair Corr
0.92	SMH	VanEck Semiconductor ETF	Pair Corr
0.76	UPRO	ProShares UltraPro SP500 Sell-off Trend	Pair Corr
0.76	SPXL	Direxion Daily SP500 Sell-off Trend	Pair Corr
0.93	SOXX	iShares Semiconductor ETF	Pair Corr
0.96	PSI	Invesco Dynamic Semi	Pair Corr
0.95	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.88	RDIV	Invesco SP Ultra	Pair Corr
0.93	OASC	OneAscent Small Cap	Pair Corr
0.94	AHYB	American Century ETF	Pair Corr
0.93	VBK	Vanguard Small Cap	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.89	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.84	INTC	Intel	Pair Corr
0.92	BA	Boeing	Pair Corr

Moving against IShares Etf

0.51	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.73	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	IJR	VIEIX	IEMG	IWM	IVW	IWD	IWF	VXF	SPLG	IVE
IJR		0.88	0.85	0.94	0.36	0.95	-0.22	0.88	0.83	0.94	IJR
VIEIX	0.88		0.74	0.97	0.64	0.88	0.13	1.0	0.7	0.87	VIEIX
IEMG	0.85	0.74		0.83	0.27	0.91	-0.32	0.74	0.79	0.87	IEMG
IWM	0.94	0.97	0.83		0.49	0.95	-0.09	0.97	0.79	0.92	IWM
IVW	0.36	0.64	0.27	0.49		0.36	0.79	0.64	0.17	0.38	IVW
IWD	0.95	0.88	0.91	0.95	0.36		-0.25	0.87	0.89	0.99	IWD
IWF	-0.22	0.13	-0.32	-0.09	0.79	-0.25		0.13	-0.39	-0.19	IWF
VXF	0.88	1.0	0.74	0.97	0.64	0.87	0.13		0.7	0.87	VXF
SPLG	0.83	0.7	0.79	0.79	0.17	0.89	-0.39	0.7		0.86	SPLG
IVE	0.94	0.87	0.87	0.92	0.38	0.99	-0.19	0.87	0.86		IVE
	IJR	VIEIX	IEMG	IWM	IVW	IWD	IWF	VXF	SPLG	IVE

Please upgrade your account to get full access to Macroaxis premium features

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

VXF	+ 1.0	VIEIX
IVE	+ 0.99	IWD
IWM	+ 0.97	VIEIX
VXF	+ 0.97	IWM
IWD	+ 0.95	IJR
IWD	+ 0.95	IWM

High negative correlations

SPLG	- 0.39	IWF
IWF	- 0.32	IEMG
IWF	- 0.25	IWD
IWF	- 0.22	IJR
IVE	- 0.19	IWF
IWF	- 0.09	IWM

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
IJR	0.83	0.15	0.08	0.90	0.73	(0.96)	2.57	(1.78)	4.95
VIEIX	0.82	(0.01)	0.00	0.08	0.91	(0.97)	1.69	(1.70)	3.72
IEMG	0.66	0.13	0.12	0.32	0.49	(0.76)	1.72	(1.17)	4.71
IWM	0.90	0.04	0.05	0.13	0.97	(0.95)	1.98	(1.85)	4.68
IVW	0.75	(0.08)	(0.09)	(0.01)	1.10	(0.69)	1.28	(1.79)	4.80
IWD	0.54	0.08	0.09	0.19	0.38	(0.60)	1.36	(1.06)	2.94
IWF	0.72	(0.12)	0.00	(0.06)	0.00	0.00	1.34	(1.79)	4.75
VXF	0.81	(0.02)	(0.01)	0.08	0.91	(0.96)	1.65	(1.72)	3.77
SPLG	0.52	0.12	0.01	(0.59)	0.60	(0.57)	1.18	(0.74)	4.21
IVE	0.50	0.04	0.02	0.14	0.45	(0.58)	1.05	(0.98)	3.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC