IShares Core Correlations

IVV Etf

USD 600.26 5.64 0.95%

The current 90-days correlation between iShares Core SP and iShares Core SP is 0.82 (i.e., Very poor 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

Weak diversification

The correlation between iShares Core SP and DJI is 0.3 (i.e., Weak 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.

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 real.

Moving together with IShares Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
1.0	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.7	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
1.0	ESGU	iShares ESG Aware	Pair Corr
0.89	DFAC	Dimensional Core Equity	Pair Corr
1.0	SPLG	SPDR Portfolio SP	Pair Corr
0.87	VUG	Vanguard Growth Index	Pair Corr
0.79	VO	Vanguard Mid Cap	Pair Corr
0.85	VB	Vanguard Small Cap	Pair Corr
0.65	PJAN	Innovator SP 500	Pair Corr
0.87	ETH	Grayscale Ethereum Mini Buyout Trend	Pair Corr
0.86	IYG	iShares Financial	Pair Corr
0.76	BTC	Grayscale Bitcoin Mini	Pair Corr
0.76	YMAG	YieldMax Magnificent	Pair Corr
0.89	ETHT	ProShares Trust Upward Rally	Pair Corr
0.84	WANT	Direxion Daily Cnsmr	Pair Corr
0.87	Z	Zillow Group Class	Pair Corr
0.74	TSLY	Tidal Trust II	Pair Corr
0.64	HAPR	Innovator Premium Income	Pair Corr
0.87	FETH	Fidelity Advantage Ether Buyout Trend	Pair Corr
0.82	XOUT	GraniteShares XOUT Large	Pair Corr
0.79	BITX	Volatility Shares Trust Buyout Trend	Pair Corr
0.96	AUGP	PGIM Large Cap	Pair Corr

Moving against IShares Etf

0.38

SOYB

Teucrium Soybean

Pair Corr

Related Correlations Analysis

	IJH	IJR	IVW	IWM	VOO
IJH		0.98	0.34	0.98	0.76	IJH
IJR	0.98		0.36	1.0	0.77	IJR
IVW	0.34	0.36		0.35	0.85	IVW
IWM	0.98	1.0	0.35		0.77	IWM
VOO	0.76	0.77	0.85	0.77		VOO
	IJH	IJR	IVW	IWM	VOO

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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
IJH	0.71	0.04	0.04	0.08	0.96	(0.71)	1.53	(1.21)	7.93
IJR	0.87	0.03	0.03	0.05	1.15	(0.85)	1.69	(1.63)	10.05
IVW	0.78	0.08	0.07	0.30	1.06	(0.79)	1.61	(1.86)	5.79
IWM	0.92	0.03	0.02	0.05	1.25	(0.93)	1.84	(1.66)	10.22
VOO	0.57	0.03	0.04	0.10	0.84	(0.54)	1.20	(1.29)	5.43

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