IShares Edge Correlations

IVLU Etf

USD 42.02 0.80 1.87%

The current 90-days correlation between iShares Edge MSCI and WisdomTree Earnings 500 is 0.65 (i.e., Poor diversification). The correlation of IShares Edge 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 Edge Correlation With Market

Very poor diversification

The correlation between iShares Edge MSCI 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 Edge 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 Edge 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 board of governors.

Moving together with IShares Etf

1.0	EFV	iShares MSCI EAFE	Pair Corr
0.99	FNDF	Schwab Fundamental	Pair Corr
1.0	VYMI	Vanguard International	Pair Corr
0.99	IDV	iShares International	Pair Corr
1.0	DFIV	Dimensional International	Pair Corr
0.99	RODM	Hartford Multifactor	Pair Corr
0.99	PXF	Invesco FTSE RAFI	Pair Corr
0.97	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.98	PID	Invesco International	Pair Corr
0.95	OIH	VanEck Oil Services	Pair Corr
0.73	WTMF	WisdomTree Managed	Pair Corr
0.91	EWC	iShares MSCI Canada	Pair Corr
0.94	UEVM	VictoryShares Emerging	Pair Corr
0.99	STXV	EA Series Trust	Pair Corr
0.95	ISTB	iShares Core 1	Pair Corr
0.87	USO	United States Oil	Pair Corr
0.79	URA	Global X Uranium	Pair Corr
0.97	AVMC	American Century ETF	Pair Corr
0.97	DXJ	WisdomTree Japan Hedged	Pair Corr
0.74	DOO	BRP Inc Symbol Change	Pair Corr
0.98	ILOW	AB Active ETFs	Pair Corr
0.75	LQIG	SPDR MarketAxess Inv	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.98	CCNR	CoreCommodity Natural	Pair Corr
0.98	FIDU	Fidelity MSCI Industrials	Pair Corr
0.93	EAFG	Pacer Funds Trust	Pair Corr
0.86	ITA	iShares Aerospace Defense	Pair Corr
0.94	VDC	Vanguard Consumer Staples	Pair Corr
0.73	GOCT	FT Cboe Vest	Pair Corr
0.99	IOCT	Innovator ETFs Trust	Pair Corr
0.97	SEA	US Global Sea	Pair Corr
0.84	IGEB	iShares Edge Investment	Pair Corr
0.66	FUTS	Future Science Holdings	Pair Corr
0.94	EPU	iShares MSCI Peru	Pair Corr

Moving against IShares Etf

0.83	ARKW	ARK Next Generation Low Volatility	Pair Corr
0.73	HUM	Humana Inc	Pair Corr

Related Correlations Analysis

	DHS	EWP	JEMA	EWL	XCEM	GSEW	DTD	FRDM	IYK	EPS
DHS		0.86	0.94	0.94	0.95	0.82	0.98	0.93	0.96	0.48	DHS
EWP	0.86		0.91	0.95	0.92	0.92	0.91	0.94	0.75	0.74	EWP
JEMA	0.94	0.91		0.94	1.0	0.9	0.96	0.99	0.88	0.61	JEMA
EWL	0.94	0.95	0.94		0.96	0.88	0.96	0.95	0.87	0.6	EWL
XCEM	0.95	0.92	1.0	0.96		0.9	0.96	0.99	0.88	0.61	XCEM
GSEW	0.82	0.92	0.9	0.88	0.9		0.89	0.92	0.69	0.77	GSEW
DTD	0.98	0.91	0.96	0.96	0.96	0.89		0.95	0.92	0.61	DTD
FRDM	0.93	0.94	0.99	0.95	0.99	0.92	0.95		0.85	0.65	FRDM
IYK	0.96	0.75	0.88	0.87	0.88	0.69	0.92	0.85		0.31	IYK
EPS	0.48	0.74	0.61	0.6	0.61	0.77	0.61	0.65	0.31		EPS
	DHS	EWP	JEMA	EWL	XCEM	GSEW	DTD	FRDM	IYK	EPS

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IShares Edge Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Edge 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 Edge'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
DHS	0.48	0.14	0.22	0.40	0.00	(0.59)	1.30	(0.61)	2.35
EWP	0.79	0.17	0.15	0.32	0.75	(0.90)	1.79	(1.50)	4.38
JEMA	0.75	0.24	0.25	0.42	0.49	(0.91)	1.96	(1.27)	4.92
EWL	0.56	0.17	0.19	0.57	0.30	(0.68)	1.37	(0.69)	4.68
XCEM	0.73	0.30	0.34	0.53	0.35	(0.92)	2.29	(1.23)	4.34
GSEW	0.58	0.06	0.07	0.15	0.56	(0.69)	1.24	(1.35)	4.05
DTD	0.42	0.07	0.07	0.18	0.37	(0.47)	0.93	(0.80)	3.17
FRDM	0.87	0.41	0.40	0.67	0.37	(1.08)	2.25	(1.07)	4.98
IYK	0.64	0.20	0.16	(2.86)	0.43	(0.74)	1.48	(0.98)	3.51
EPS	0.52	(0.01)	(0.03)	0.07	0.67	(0.51)	1.08	(1.06)	3.22

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