IShares Core Correlations

IUSV Etf

USD 106.88 0.35 0.33%

The current 90-days correlation between iShares Core SP and iShares Core SP is 0.5 (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

Very poor diversification

The correlation between iShares Core SP and DJI is 0.87 (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 SP 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 SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.96	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
0.98	DGRO	iShares Core Dividend	Pair Corr
1.0	IVE	iShares SP 500	Pair Corr
0.95	SPYV	SPDR Portfolio SP	Pair Corr
0.94	NOBL	ProShares SP 500	Pair Corr
0.99	FNDX	Schwab Fundamental Large	Pair Corr
0.97	VLUE	iShares MSCI USA	Pair Corr
0.69	SIXD	AIM ETF Products	Pair Corr
0.84	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.92	MEXX	Direxion Daily MSCI	Pair Corr
0.91	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.77	UAUG	Innovator Equity Ultra	Pair Corr
0.84	AUMI	Themes Gold Miners	Pair Corr
0.95	CCNR	CoreCommodity Natural	Pair Corr
0.7	GOCT	FT Cboe Vest	Pair Corr
0.95	DISV	Dimensional ETF Trust	Pair Corr
0.98	JEPI	JPMorgan Equity Premium	Pair Corr
0.96	DXJ	WisdomTree Japan Hedged	Pair Corr
0.94	AHYB	American Century ETF	Pair Corr
0.9	ERET	iShares Environmentally	Pair Corr
0.92	NAPR	Innovator Nasdaq 100	Pair Corr
0.95	VYMI	Vanguard International	Pair Corr
0.96	IJS	iShares SP Small	Pair Corr
0.84	FIEE	FiEE Inc Symbol Change	Pair Corr
0.82	LALT	Invesco Multi Strategy	Pair Corr
0.94	DFE	WisdomTree Europe	Pair Corr
0.96	DFIC	Dimensional International	Pair Corr
0.93	HEEM	iShares Currency Hedged	Pair Corr
0.8	IGEB	iShares Edge Investment	Pair Corr
0.89	DIA	SPDR Dow Jones	Pair Corr
0.91	UEVM	VictoryShares Emerging	Pair Corr

Moving against IShares Etf

0.8	PLTI	REX ETF Trust	Pair Corr
0.41	VIXY	ProShares VIX Short Low Volatility	Pair Corr
0.4	VXX	iPath Series B Low Volatility	Pair Corr

Related Correlations Analysis

	IUSG	IWP	ACWI	USMV	OEF	SOXX	IWV	IWS	IWY	DVY
IUSG		0.78	-0.11	-0.45	0.75	-0.21	0.51	-0.44	0.86	-0.56	IUSG
IWP	0.78		-0.25	-0.44	0.52	-0.33	0.33	-0.42	0.76	-0.61	IWP
ACWI	-0.11	-0.25		0.73	-0.27	0.95	0.77	0.92	-0.58	0.87	ACWI
USMV	-0.45	-0.44	0.73		-0.57	0.66	0.36	0.83	-0.7	0.83	USMV
OEF	0.75	0.52	-0.27	-0.57		-0.37	0.22	-0.54	0.74	-0.59	OEF
SOXX	-0.21	-0.33	0.95	0.66	-0.37		0.65	0.92	-0.67	0.89	SOXX
IWV	0.51	0.33	0.77	0.36	0.22	0.65		0.53	0.03	0.4	IWV
IWS	-0.44	-0.42	0.92	0.83	-0.54	0.92	0.53		-0.82	0.97	IWS
IWY	0.86	0.76	-0.58	-0.7	0.74	-0.67	0.03	-0.82		-0.89	IWY
DVY	-0.56	-0.61	0.87	0.83	-0.59	0.89	0.4	0.97	-0.89		DVY
	IUSG	IWP	ACWI	USMV	OEF	SOXX	IWV	IWS	IWY	DVY

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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

DVY	+ 0.97	IWS
SOXX	+ 0.95	ACWI
IWS	+ 0.92	ACWI
IWS	+ 0.92	SOXX
DVY	+ 0.89	SOXX
DVY	+ 0.87	ACWI

High negative correlations

DVY	- 0.89	IWY
IWY	- 0.82	IWS
IWY	- 0.7	USMV
IWY	- 0.67	SOXX
DVY	- 0.61	IWP
DVY	- 0.59	OEF

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	0.70	(0.06)	0.00	(0.04)	0.00	0.00	1.22	(1.71)	4.22
IWP	0.79	(0.06)	0.00	(0.02)	0.00	0.00	1.39	(1.76)	5.81
ACWI	0.54	0.02	0.02	0.07	0.69	(0.56)	0.92	(1.23)	4.10
USMV	0.36	0.02	0.00	0.09	0.38	(0.36)	0.85	(0.81)	2.03
OEF	0.51	(0.03)	0.00	0.21	0.00	0.00	0.94	(1.22)	3.53
SOXX	1.56	0.20	0.10	0.17	1.91	(1.68)	3.20	(4.11)	10.25
IWV	0.52	(0.01)	(0.03)	0.02	0.68	(0.53)	0.80	(1.16)	3.70
IWS	0.58	0.09	0.11	0.13	0.53	(0.64)	1.30	(1.18)	4.02
IWY	0.70	(0.10)	0.00	(0.11)	0.00	0.00	1.28	(1.77)	4.18
DVY	0.54	0.11	0.15	0.20	0.44	(0.61)	1.42	(0.91)	3.04

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