IShares Core Correlations

IPAC Etf

USD 82.62 0.49 0.60%

The current 90-days correlation between iShares Core MSCI and iShares Russell Top is 0.67 (i.e., Poor 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

Very poor diversification

The correlation between iShares Core MSCI and DJI is 0.84 (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.

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 MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

0.99	VPL	Vanguard FTSE Pacific	Pair Corr
0.98	DVYA	iShares AsiaPacific	Pair Corr
0.62	VTI	Vanguard Total Stock	Pair Corr
0.82	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.62	TOT	Advisor Managed Port	Pair Corr
0.97	VTV	Vanguard Value Index	Pair Corr
0.85	VO	Vanguard Mid Cap	Pair Corr
0.88	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.83	GAPR	First Trust Exchange	Pair Corr
0.96	JPIB	JPMorgan International	Pair Corr
0.82	EWS	iShares MSCI Singapore	Pair Corr
0.83	BSJV	Invesco BulletShares 2031	Pair Corr
0.62	ITOT	iShares Core SP	Pair Corr
0.99	FNDF	Schwab Fundamental	Pair Corr
0.98	CEFA	Global X SP	Pair Corr
0.79	SIMS	SPDR SP Kensho	Pair Corr
0.78	DECM	FT Vest Equity	Pair Corr
0.68	OCTT	AIM ETF Products	Pair Corr
0.88	WCME	First Trust Exchange	Pair Corr
0.97	VXUS	Vanguard Total Inter	Pair Corr
0.94	XMLV	Invesco SP MidCap	Pair Corr
0.96	IEMG	iShares Core MSCI	Pair Corr
0.92	ISTB	iShares Core 1	Pair Corr
0.84	DIVO	Amplify CWP Enhanced	Pair Corr
0.78	XBJL	Innovator Equity Acc	Pair Corr
0.94	IGSB	iShares 1 5	Pair Corr
0.95	PWER	Macquarie ETF Trust	Pair Corr
0.85	VTC	Vanguard Total Corporate	Pair Corr
0.94	IPKW	Invesco International	Pair Corr
0.87	USOI	Credit Suisse X	Pair Corr
0.87	DPST	Direxion Daily Regional	Pair Corr

Moving against IShares Etf

0.57

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	EPP	IYG	EWW	DES	IXC	BBMC	HEDJ	AVSC	EWG	IWL
EPP		0.07	0.98	0.93	0.94	0.87	0.89	0.9	0.86	0.4	EPP
IYG	0.07		0.08	0.17	-0.2	0.38	0.32	0.3	0.49	0.74	IYG
EWW	0.98	0.08		0.95	0.93	0.91	0.89	0.94	0.87	0.39	EWW
DES	0.93	0.17	0.95		0.89	0.94	0.91	0.98	0.87	0.41	DES
IXC	0.94	-0.2	0.93	0.89		0.75	0.79	0.82	0.68	0.16	IXC
BBMC	0.87	0.38	0.91	0.94	0.75		0.96	0.98	0.94	0.63	BBMC
HEDJ	0.89	0.32	0.89	0.91	0.79	0.96		0.94	0.93	0.58	HEDJ
AVSC	0.9	0.3	0.94	0.98	0.82	0.98	0.94		0.92	0.55	AVSC
EWG	0.86	0.49	0.87	0.87	0.68	0.94	0.93	0.92		0.7	EWG
IWL	0.4	0.74	0.39	0.41	0.16	0.63	0.58	0.55	0.7		IWL
	EPP	IYG	EWW	DES	IXC	BBMC	HEDJ	AVSC	EWG	IWL

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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

EWW	+ 0.98	EPP
AVSC	+ 0.98	DES
AVSC	+ 0.98	BBMC
HEDJ	+ 0.96	BBMC
DES	+ 0.95	EWW
IXC	+ 0.94	EPP

High negative correlations

IXC

- 0.2

IYG

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
EPP	0.64	0.14	0.14	0.32	0.57	(0.71)	1.34	(1.02)	4.30
IYG	0.81	(0.07)	(0.05)	0.01	1.05	(0.86)	1.54	(1.80)	4.81
EWW	0.95	0.27	0.21	0.50	0.87	(1.12)	1.96	(1.45)	7.17
DES	0.77	0.14	0.18	0.21	0.51	(0.90)	2.40	(1.41)	5.22
IXC	1.03	0.23	0.15	0.78	0.95	(1.17)	2.17	(1.75)	5.05
BBMC	0.76	0.10	0.12	0.16	0.65	(0.85)	1.73	(1.34)	4.93
HEDJ	0.59	0.06	0.05	0.14	0.77	(0.65)	1.17	(1.21)	4.63
AVSC	0.81	0.14	0.17	0.19	0.64	(0.98)	2.55	(1.35)	4.97
EWG	0.64	0.06	0.05	0.16	0.75	(0.65)	1.31	(1.30)	3.67
IWL	0.54	(0.04)	(0.07)	0.02	0.75	(0.55)	0.99	(1.28)	3.77

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