IShares Trust Correlations

ITDH Etf

32.58 0.25 0.77%

The current 90-days correlation between iShares Trust and First Trust Multi Asset is 0.28 (i.e., Modest diversification). The correlation of IShares Trust 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 Trust Correlation With Market

Weak diversification

The correlation between iShares Trust and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust 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 Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more detail on how to invest in IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

0.73	PMBS	PIMCO Mortgage Backed	Pair Corr
0.62	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.79	TPLE	Timothy Plan	Pair Corr
0.95	DCOR	Dimensional ETF Trust	Pair Corr
0.81	IJS	iShares SP Small	Pair Corr
0.64	NOCT	Innovator Growth 100	Pair Corr
0.73	SAMT	Advisorsa Inner	Pair Corr
0.85	SPXV	ProShares SP 500	Pair Corr
0.76	SPDV	AAM SP 500	Pair Corr
0.78	FESM	Fidelity Covington Trust	Pair Corr
0.69	ARKF	ARK Fintech Innovation	Pair Corr
0.87	FMDE	Fidelity Covington Trust	Pair Corr
0.81	FLHY	Franklin Liberty High	Pair Corr
0.81	SLYV	SPDR SP 600	Pair Corr
0.77	RPG	Invesco SP 500	Pair Corr
0.78	DECZ	TrueShares Structured	Pair Corr
0.84	DLN	WisdomTree LargeCap	Pair Corr
0.9	STRV	EA Series Trust	Pair Corr
0.69	SHYG	iShares 0 5	Pair Corr
0.79	IJR	iShares Core SP	Pair Corr
0.92	KOMP	SPDR Kensho New	Pair Corr
0.78	PKW	Invesco BuyBack Achievers	Pair Corr
0.73	XAIX	Xtrackers Artificial	Pair Corr
0.61	MGK	Vanguard Mega Cap	Pair Corr

Related Correlations Analysis

	MDIV	MFUL	DRAI	DRSK	DSCF	DUKQ	MPAY	MPRO	DWAT
MDIV		0.91	0.58	0.34	0.78	0.78	0.4	0.74	0.78	MDIV
MFUL	0.91		0.65	0.49	0.79	0.91	0.56	0.7	0.84	MFUL
DRAI	0.58	0.65		0.67	0.81	0.53	0.44	0.69	0.66	DRAI
DRSK	0.34	0.49	0.67		0.53	0.57	0.65	0.34	0.57	DRSK
DSCF	0.78	0.79	0.81	0.53		0.55	0.28	0.93	0.74	DSCF
DUKQ	0.78	0.91	0.53	0.57	0.55		0.75	0.42	0.82	DUKQ
MPAY	0.4	0.56	0.44	0.65	0.28	0.75		0.07	0.64	MPAY
MPRO	0.74	0.7	0.69	0.34	0.93	0.42	0.07		0.68	MPRO
DWAT	0.78	0.84	0.66	0.57	0.74	0.82	0.64	0.68		DWAT
	MDIV	MFUL	DRAI	DRSK	DSCF	DUKQ	MPAY	MPRO	DWAT

Click cells to compare fundamentals

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IShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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
MDIV	0.38	0.00	(0.16)	0.03	0.51	(0.39)	0.69	(0.68)	2.84
MFUL	0.17	0.00	(0.36)	0.06	0.16	(0.22)	0.32	(0.28)	1.34
DRAI	0.73	(0.03)	0.00	(0.10)	0.00	0.00	1.36	(1.18)	6.91
DRSK	0.40	(0.01)	(0.17)	0.00	0.48	(0.47)	1.05	(0.89)	2.33
DSCF	0.28	(0.02)	(0.23)	(0.08)	0.41	(0.26)	0.66	(0.66)	2.13
DUKQ	0.63	0.03	(0.02)	0.17	0.84	(0.64)	1.36	(1.33)	6.18
MPAY	0.63	0.02	(0.04)	0.16	0.87	(0.68)	1.14	(1.31)	4.64
MPRO	0.37	(0.05)	0.00	(0.11)	0.00	0.00	0.73	(0.68)	2.39
DWAT	0.65	0.00	(0.07)	0.08	0.85	(0.70)	1.22	(1.57)	6.38

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IShares Trust Correlations

IShares Trust Correlation With Market

Weak diversification

Moving together with IShares Etf

Related Correlations Analysis

IShares Trust Constituents Risk-Adjusted Indicators

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