IShares Trust Correlations

ITDI Etf

37.93 0.09 0.24%

The current 90-days correlation between iShares Trust and iShares Trust is 1.0 (i.e., No risk reduction). 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

Very poor diversification

The correlation between iShares Trust and DJI is 0.85 (i.e., Very poor 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.

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 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 services.

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

0.63	AGQ	ProShares Ultra Silver	Pair Corr
0.66	KORU	Direxion Daily South	Pair Corr
0.85	GAPR	First Trust Exchange	Pair Corr
0.81	XB	BondBloxx ETF Trust	Pair Corr
0.73	XYLD	Global X SP	Pair Corr
0.76	FB	ProShares Trust ProShares	Pair Corr
0.88	SMH	VanEck Semiconductor ETF	Pair Corr
0.79	DRAI	Draco Evolution AI	Pair Corr
0.77	MHY	Man ETF Series	Pair Corr
0.85	IQDG	WisdomTree International	Pair Corr
0.91	WTPI	WisdomTree Equity Premium Symbol Change	Pair Corr
0.63	JPIE	JP Morgan Exchange	Pair Corr
0.77	QYLD	Global X NASDAQ	Pair Corr
0.69	FLV	American Century ETF	Pair Corr
0.9	XMAY	FT Vest Equity	Pair Corr
0.8	PICK	iShares MSCI Global Low Volatility	Pair Corr
0.78	TSLP	Kurv Yield Premium	Pair Corr
0.8	HEQ	John Hancock Hedged	Pair Corr
0.83	JEPI	JPMorgan Equity Premium	Pair Corr

Related Correlations Analysis

	ITDH	DUKQ	RBLD	WEEL	DTRE	SDTY	PSFO	UPW	QLVE	LCDS
ITDH		0.95	0.59	0.84	0.43	0.92	0.96	-0.3	0.62	0.97	ITDH
DUKQ	0.95		0.64	0.74	0.38	0.82	0.94	-0.3	0.46	0.9	DUKQ
RBLD	0.59	0.64		0.24	0.59	0.38	0.45	0.42	0.6	0.55	RBLD
WEEL	0.84	0.74	0.24		0.26	0.92	0.87	-0.49	0.47	0.86	WEEL
DTRE	0.43	0.38	0.59	0.26		0.23	0.29	0.45	0.69	0.36	DTRE
SDTY	0.92	0.82	0.38	0.92	0.23		0.94	-0.47	0.59	0.97	SDTY
PSFO	0.96	0.94	0.45	0.87	0.29	0.94		-0.45	0.5	0.96	PSFO
UPW	-0.3	-0.3	0.42	-0.49	0.45	-0.47	-0.45		0.22	-0.34	UPW
QLVE	0.62	0.46	0.6	0.47	0.69	0.59	0.5	0.22		0.68	QLVE
LCDS	0.97	0.9	0.55	0.86	0.36	0.97	0.96	-0.34	0.68		LCDS
	ITDH	DUKQ	RBLD	WEEL	DTRE	SDTY	PSFO	UPW	QLVE	LCDS

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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

LCDS	+ 0.97	ITDH
LCDS	+ 0.97	SDTY
PSFO	+ 0.96	ITDH
LCDS	+ 0.96	PSFO
DUKQ	+ 0.95	ITDH
PSFO	+ 0.94	DUKQ

High negative correlations

UPW	- 0.49	WEEL
UPW	- 0.47	SDTY
UPW	- 0.45	PSFO
LCDS	- 0.34	UPW
UPW	- 0.3	DUKQ
UPW	- 0.3	ITDH

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
ITDH	0.56	(0.01)	(0.02)	0.06	0.78	(0.50)	1.09	(1.24)	3.03
DUKQ	0.62	(0.03)	(0.03)	0.04	0.96	(0.57)	1.35	(1.24)	3.47
RBLD	0.67	(0.05)	(0.05)	0.02	0.99	(0.59)	1.09	(1.49)	3.38
WEEL	0.34	0.02	(0.03)	0.12	0.34	(0.37)	1.19	(0.64)	2.75
DTRE	0.52	(0.03)	(0.08)	0.02	0.71	(0.51)	1.00	(1.19)	3.47
SDTY	0.56	0.01	0.00	0.08	0.75	(0.58)	1.30	(1.09)	3.21
PSFO	0.35	0.00	(0.07)	0.06	0.39	(0.38)	0.80	(0.81)	2.02
UPW	1.28	(0.07)	(0.05)	(0.01)	1.65	(1.32)	2.48	(2.77)	7.85
QLVE	0.51	(0.02)	(0.06)	0.04	0.64	(0.56)	1.00	(0.98)	3.50
LCDS	0.56	0.00	(0.01)	0.07	0.84	(0.52)	1.15	(1.08)	3.27

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