IShares UBS Correlations

ILB Etf

124.35 0.20 0.16%

The current 90-days correlation between iShares UBS Government and Vanguard Total Market is -0.25 (i.e., Very good diversification). The correlation of IShares UBS 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 UBS Correlation With Market

Good diversification

The correlation between iShares UBS Government and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares UBS Government and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares UBS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares UBS 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 IShares UBS - 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 iShares UBS Government to buy it.

Moving against IShares Etf

0.9	MOAT	VanEck Morningstar Wide	Pair Corr
0.87	SPY	SPDR SP 500	Pair Corr
0.87	VTS	Vanguard Total Market	Pair Corr
0.87	IVV	iShares Core SP	Pair Corr
0.87	VGS	Vanguard MSCI Intern	Pair Corr
0.87	WXOZ	SPDR SP World	Pair Corr
0.84	QUAL	VanEck Vectors MSCI	Pair Corr
0.83	IJH	iShares CoreSP MidCap	Pair Corr
0.75	IJR	iShares Core SP	Pair Corr

Related Correlations Analysis

	VTS	SPY	IVV	IJR	QUAL	MOAT	IXI	IJH	VGS	WXOZ
VTS		1.0	1.0	0.94	0.92	0.96	-0.3	0.98	1.0	0.99	VTS
SPY	1.0		1.0	0.93	0.92	0.96	-0.29	0.98	1.0	0.99	SPY
IVV	1.0	1.0		0.93	0.92	0.96	-0.29	0.98	1.0	0.99	IVV
IJR	0.94	0.93	0.93		0.84	0.88	-0.35	0.98	0.92	0.91	IJR
QUAL	0.92	0.92	0.92	0.84		0.91	-0.2	0.9	0.93	0.93	QUAL
MOAT	0.96	0.96	0.96	0.88	0.91		-0.12	0.94	0.96	0.96	MOAT
IXI	-0.3	-0.29	-0.29	-0.35	-0.2	-0.12		-0.35	-0.29	-0.24	IXI
IJH	0.98	0.98	0.98	0.98	0.9	0.94	-0.35		0.98	0.96	IJH
VGS	1.0	1.0	1.0	0.92	0.93	0.96	-0.29	0.98		0.99	VGS
WXOZ	0.99	0.99	0.99	0.91	0.93	0.96	-0.24	0.96	0.99		WXOZ
	VTS	SPY	IVV	IJR	QUAL	MOAT	IXI	IJH	VGS	WXOZ

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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

SPY	+ 1.0	VTS
IVV	+ 1.0	VTS
VGS	+ 1.0	VTS
IVV	+ 1.0	SPY
VGS	+ 1.0	SPY
VGS	+ 1.0	IVV

High negative correlations

IJH	- 0.35	IXI
IXI	- 0.35	IJR
IXI	- 0.3	VTS
VGS	- 0.29	IXI
IXI	- 0.29	IVV
IXI	- 0.29	SPY

IShares UBS Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares UBS 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 UBS'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
VTS	0.55	0.11	0.04	0.48	0.47	(0.60)	1.28	(1.05)	3.94
SPY	0.56	0.10	0.02	0.40	0.53	(0.61)	1.28	(1.25)	4.68
IVV	0.54	0.11	0.03	0.48	0.45	(0.59)	1.34	(1.04)	3.86
IJR	0.88	0.10	0.06	0.30	0.73	(1.15)	2.19	(1.49)	6.82
QUAL	0.67	(0.03)	(0.09)	0.06	0.88	(0.73)	1.32	(1.50)	8.25
MOAT	0.53	0.07	(0.04)	0.47	0.46	(0.57)	1.35	(1.09)	4.05
IXI	0.51	(0.01)	(0.16)	0.01	0.71	(0.49)	1.08	(0.81)	3.90
IJH	0.66	0.10	0.06	0.31	0.56	(0.78)	1.69	(1.05)	5.71
VGS	0.48	0.07	(0.03)	0.44	0.44	(0.56)	1.07	(0.93)	3.04
WXOZ	0.46	0.08	(0.06)	1.49	0.46	(0.52)	1.05	(0.79)	2.87

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Our tools can tell you how much better you can do entering a position in IShares UBS 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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