IShares Core Correlations
| IUSV Etf | USD 98.97 0.82 0.84% |
The current 90-days correlation between iShares Core SP and iShares Core SP is 0.54 (i.e., Very weak 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
Almost no diversification
The correlation between iShares Core SP and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core SP and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
| 0.99 | VTV | Vanguard Value Index | PairCorr |
| 0.99 | VYM | Vanguard High Dividend | PairCorr |
| 1.0 | IWD | iShares Russell 1000 | PairCorr |
| 0.98 | DGRO | iShares Core Dividend | PairCorr |
| 1.0 | IVE | iShares SP 500 | PairCorr |
| 0.96 | DVY | iShares Select Dividend | PairCorr |
| 1.0 | SPYV | SPDR Portfolio SP | PairCorr |
| 0.95 | FVD | First Trust Value | PairCorr |
| 0.81 | NOBL | ProShares SP 500 | PairCorr |
| 0.76 | DIG | ProShares Ultra Oil | PairCorr |
| 0.67 | MLPR | ETRACS Quarterly Pay | PairCorr |
| 0.75 | USD | ProShares Ultra Semi | PairCorr |
| 0.62 | SGG | Barclays Capital | PairCorr |
| 0.78 | YCS | ProShares UltraShort Yen | PairCorr |
| 0.78 | TBT | ProShares UltraShort | PairCorr |
| 0.86 | ATMP | Barclays ETN Select Low Volatility | PairCorr |
| 0.75 | AMZA | InfraCap MLP ETF | PairCorr |
| 0.8 | HD | Home Depot | PairCorr |
| 0.82 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.8 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.86 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.71 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.87 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.91 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.78 | DIS | Walt Disney | PairCorr |
| 0.76 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against IShares Etf
| 0.69 | NRGU | Bank Of Montreal | PairCorr |
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.66 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.65 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
| -0.13 | -0.61 | 0.99 | -0.71 | IUSG | ||
| -0.13 | 0.56 | -0.17 | 0.5 | IXUS | ||
| -0.61 | 0.56 | -0.61 | 0.99 | USIG | ||
| 0.99 | -0.17 | -0.61 | -0.71 | ITOT | ||
| -0.71 | 0.5 | 0.99 | -0.71 | IUSB | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IUSG | 0.72 | 0.00 | (0.01) | 0.12 | 1.05 | 1.49 | 5.33 | |||
| IXUS | 0.65 | (0.09) | 0.00 | (0.08) | 0.00 | 1.75 | 4.12 | |||
| USIG | 0.23 | (0.02) | 0.00 | 1.01 | 0.00 | 0.49 | 1.59 | |||
| ITOT | 0.58 | 0.01 | 0.00 | 0.13 | 0.65 | 1.20 | 4.05 | |||
| IUSB | 0.21 | (0.02) | 0.00 | 0.66 | 0.00 | 0.40 | 1.34 |