IShares SP Correlations

Etfs . USA . 
Etf . iShares SP Small Cap
IJS Etf  USD 99.08  1.46  1.50%   
The current 90-days correlation between iShares SP Small and iShares SP Small Cap is 0.92 (i.e., Almost no diversification). The correlation of IShares SP 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 SP Correlation With Market

ISharesDowDiversified AwayISharesDowDiversified Away100%

Very poor diversification

The correlation between iShares SP Small Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares SP Small Cap. 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

  0.98VBR Vanguard Small CapPairCorr
  0.99IWN iShares Russell 2000PairCorr
  0.95IJJ iShares SP MidPairCorr
  0.99DFAT Dimensional TargetedPairCorr
  1.0SLYV SPDR SP 600PairCorr
  0.99AVUV Avantis Small CapPairCorr
  0.95DES WisdomTree SmallCapPairCorr
  0.95MDYV SPDR SP 400PairCorr
  0.96CALF Pacer Small CapPairCorr
  0.93WGMI Valkyrie Bitcoin MinersPairCorr

Moving against IShares Etf

  0.83SDFI AB Active ETFs,PairCorr
  0.83XHLF Bondbloxx ETF TrustPairCorr
  0.82PMBS PIMCO Mortgage BackedPairCorr
  0.81BSCS Invesco BulletShares 2028PairCorr
  0.8UVXY ProShares Ultra VIX Aggressive PushPairCorr
  0.79SJCP SanJac Alpha CorePairCorr
  0.77DFIV Dimensional InternationalPairCorr
  0.76FXY Invesco CurrencySharesPairCorr
  0.73EZU iShares MSCI EurozonePairCorr
  0.72HDV iShares Core HighPairCorr
  0.71TLT iShares 20 Year Sell-off TrendPairCorr
  0.7INTF iShares Edge MSCIPairCorr
  0.68VEA Vanguard FTSE DevelopedPairCorr
  0.67YDEC First Trust ExchangePairCorr
  0.66TMF Direxion Daily 20 Sell-off TrendPairCorr
  0.6EWD iShares MSCI SwedenPairCorr
  0.59AMPD Tidal Trust IIPairCorr
  0.94SDS ProShares UltraShort Aggressive PushPairCorr
  0.9EUAD Select STOXX EuropePairCorr
  0.83UYLD Angel Oak UltraShortPairCorr
  0.81EVSD Eaton Vance ShortPairCorr
  0.81IBDR iShares iBonds DecPairCorr
  0.79RODM Hartford MultifactorPairCorr
  0.79MCHS Matthews China DiscoveryPairCorr
  0.76GRNB VanEck Green BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

IShares SP Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SP 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 SP'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.

Trending Assets

IVW
iShares SP 500
94.46  0.96  1.03 
IJJ
iShares SP Mid
121.63  1.58  1.32 
IVE
iShares SP 500
191.30  0.97  0.51 
IJT
iShares SP Small
124.62  0.12  0.1 
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