IShares Core Correlations

IJR Etf

USD 131.99 0.02 0.02%

The current 90-days correlation between iShares Core SP and iShares Core SP is 0.94 (i.e., Almost no 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Core Correlation With Market

Almost no diversification

The correlation between iShares Core SP and DJI is 0.95 (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

0.99	VB	Vanguard Small Cap	Pair Corr
0.98	IWM	iShares Russell 2000	Pair Corr
0.98	VRTIX	Vanguard Russell 2000	Pair Corr
0.94	VTWO	Vanguard Russell 2000	Pair Corr
1.0	FNDA	Schwab Fundamental Small	Pair Corr
1.0	SPSM	SPDR Portfolio SP	Pair Corr
1.0	DFAS	Dimensional Small Cap	Pair Corr
1.0	VIOO	Vanguard SP Small	Pair Corr
0.98	PRFZ	Invesco FTSE RAFI	Pair Corr
0.83	MUU	Direxion Daily MU Downward Rally	Pair Corr
0.83	MULL	GraniteShares 2x Long Downward Rally	Pair Corr
0.7	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.86	JNUG	Direxion Daily Junior	Pair Corr
0.82	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.82	KORU	Direxion Daily South	Pair Corr
0.87	NUGT	Direxion Daily Gold	Pair Corr
0.8	SHNY	Microsectors Gold Trending	Pair Corr
0.9	SIL	Global X Silver	Pair Corr
0.83	SIVR	abrdn Physical Silver	Pair Corr
0.93	AHYB	American Century ETF	Pair Corr
0.89	RDIV	Invesco SP Ultra	Pair Corr
0.92	BINC	BlackRock ETF Trust	Pair Corr
0.97	OASC	OneAscent Small Cap	Pair Corr
0.92	VBK	Vanguard Small Cap	Pair Corr
0.83	MRK	Merck Company Aggressive Push	Pair Corr
0.8	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.76	CVX	Chevron Corp	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.68	HD	Home Depot	Pair Corr

Moving against IShares Etf

0.72

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	IJH	IWM	IVW	VXF	IWD	VHYAX	ITOT	VYM	SPLG	EFA
IJH		0.98	0.44	0.93	0.98	0.95	0.89	0.95	0.85	0.95	IJH
IWM	0.98		0.52	0.97	0.95	0.9	0.9	0.9	0.77	0.9	IWM
IVW	0.44	0.52		0.66	0.39	0.32	0.79	0.32	0.19	0.39	IVW
VXF	0.93	0.97	0.66		0.88	0.81	0.95	0.81	0.68	0.83	VXF
IWD	0.98	0.95	0.39	0.88		0.97	0.86	0.97	0.9	0.98	IWD
VHYAX	0.95	0.9	0.32	0.81	0.97		0.81	1.0	0.87	0.94	VHYAX
ITOT	0.89	0.9	0.79	0.95	0.86	0.81		0.81	0.69	0.84	ITOT
VYM	0.95	0.9	0.32	0.81	0.97	1.0	0.81		0.87	0.94	VYM
SPLG	0.85	0.77	0.19	0.68	0.9	0.87	0.69	0.87		0.88	SPLG
EFA	0.95	0.9	0.39	0.83	0.98	0.94	0.84	0.94	0.88		EFA
	IJH	IWM	IVW	VXF	IWD	VHYAX	ITOT	VYM	SPLG	EFA

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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
IJH	0.73	0.08	0.09	0.17	0.61	(0.81)	1.87	(1.38)	3.81
IWM	0.94	0.05	0.06	0.13	1.03	(0.97)	1.98	(1.85)	4.68
IVW	0.76	(0.08)	0.00	(0.01)	0.00	0.00	1.28	(1.79)	4.80
VXF	0.84	(0.01)	0.00	0.08	0.96	(0.96)	1.65	(1.72)	3.77
IWD	0.55	0.08	0.10	0.19	0.39	(0.61)	1.36	(1.06)	2.94
VHYAX	0.55	0.11	0.12	0.22	0.42	(0.59)	1.18	(1.14)	3.01
ITOT	0.59	(0.03)	(0.05)	0.06	0.75	(0.61)	1.18	(1.27)	3.51
VYM	0.55	0.10	0.12	0.22	0.41	(0.59)	1.21	(1.13)	2.96
SPLG	0.52	0.09	0.02	0.65	0.60	(0.57)	1.18	(0.74)	4.21
EFA	0.62	0.11	0.11	0.24	0.56	(0.66)	1.34	(1.30)	3.06

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