IShares Core Correlations

IMAE Etf

EUR 100.63 0.07 0.07%

The current 90-days correlation between iShares Core MSCI and iShares TIPS 0 5 is -0.09 (i.e., Good 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

Very poor diversification

The correlation between iShares Core MSCI 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 Core MSCI and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Core 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 Core 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 Core - 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 Core MSCI to buy it.

Moving together with IShares Etf

0.99	IMEU	iShares Core MSCI	Pair Corr
0.95	ISED	iShares MSCI Europe	Pair Corr
0.99	VEUR	Vanguard FTSE Developed	Pair Corr
0.97	IESE	iShares MSCI Europe	Pair Corr
0.97	TEET	VanEck European Equal	Pair Corr
0.91	AUCO	LG Gold Mining	Pair Corr
0.91	GLDU	Amundi Index Solutions	Pair Corr
0.73	PHAG	WisdomTree Physical	Pair Corr
0.95	IKRA	iShares Public	Pair Corr
0.8	PHPT	WisdomTree Physical	Pair Corr
0.95	COPM	iShares Copper Miners	Pair Corr
0.91	BATT	Legal General UCITS	Pair Corr
0.64	PHPD	WisdomTree Physical	Pair Corr
0.95	SEMI	iShares MSCI Global	Pair Corr
0.83	IWDP	iShares Developed Markets	Pair Corr
0.77	GLUH	iShares Core UK	Pair Corr
0.88	UE24	UBSFund Solutions MSCI	Pair Corr
0.78	CYBU	iShares China CNY	Pair Corr
0.96	EMPA	iShares MSCI EMU	Pair Corr
0.84	VECP	Vanguard EUR Corporate	Pair Corr
0.92	INRA	iShares Global Clean	Pair Corr
0.88	NTM	VanEck Multi Asset	Pair Corr
0.79	UIMR	UBSFund Solutions MSCI	Pair Corr
0.91	ECAR	iShares Electric Vehicles	Pair Corr
0.86	EXXY	iShares Diversified	Pair Corr
0.97	MAGU	BlackRock ESG Multi	Pair Corr
0.82	IWDA	iShares Core MSCI	Pair Corr
0.95	CITY	Ishares IV PLC	Pair Corr
0.97	EUEA	iShares II Public	Pair Corr
0.85	IEAC	iShares Core Corp	Pair Corr
0.88	IASP	iShares Asia Property	Pair Corr
0.9	GCOW	Pacer Global Cash	Pair Corr
0.95	SAWI	iShares MSCI ACWI	Pair Corr
0.76	GEDV	SPDR SP Global	Pair Corr
0.94	CMEX	iShares VII Public	Pair Corr
0.94	COWZ	Pacer Us Cash	Pair Corr
0.95	EHYD	iShares II plc	Pair Corr

Related Correlations Analysis

	SRIL	EXCH	AGGD	SGLU	GLUH	SUOU	SUOA	AGGE	TI5A
SRIL		0.83	0.4	0.31	0.67	0.49	0.55	0.13	0.68	SRIL
EXCH	0.83		0.76	0.66	0.74	0.74	0.82	0.37	0.92	EXCH
AGGD	0.4	0.76		0.87	0.71	0.81	0.84	0.51	0.82	AGGD
SGLU	0.31	0.66	0.87		0.74	0.87	0.9	0.56	0.77	SGLU
GLUH	0.67	0.74	0.71	0.74		0.76	0.74	0.26	0.68	GLUH
SUOU	0.49	0.74	0.81	0.87	0.76		0.9	0.62	0.79	SUOU
SUOA	0.55	0.82	0.84	0.9	0.74	0.9		0.59	0.85	SUOA
AGGE	0.13	0.37	0.51	0.56	0.26	0.62	0.59		0.47	AGGE
TI5A	0.68	0.92	0.82	0.77	0.68	0.79	0.85	0.47		TI5A
	SRIL	EXCH	AGGD	SGLU	GLUH	SUOU	SUOA	AGGE	TI5A

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
SRIL	0.54	0.12	0.00	(1.29)	0.44	(0.64)	1.24	(1.05)	3.05
EXCH	0.73	0.36	0.36	27.19	0.00	(0.97)	2.00	(1.16)	3.69
AGGD	0.07	0.01	0.00	1.20	0.00	0.00	0.36	(0.18)	0.72
SGLU	0.15	0.01	(0.43)	(0.34)	0.02	(0.24)	0.39	(0.20)	0.79
GLUH	0.21	0.04	(0.28)	(1.07)	0.00	(0.35)	0.41	(0.41)	1.23
SUOU	0.14	0.00	(0.27)	0.00	0.05	(0.30)	0.46	(0.23)	1.39
SUOA	0.16	0.00	(0.31)	0.00	0.11	(0.26)	0.38	(0.38)	0.95
AGGE	0.31	0.02	(0.10)	(0.19)	0.47	(0.66)	1.47	(0.97)	3.89
TI5A	0.09	0.00	(0.99)	0.53	0.00	(0.11)	0.18	(0.15)	0.43

Be your own money manager

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