IShares Micro Correlations

IWC Etf

USD 137.42 0.57 0.42%

The current 90-days correlation between iShares Micro Cap and iShares SP Small Cap is 0.94 (i.e., Almost no diversification). The correlation of IShares Micro 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 Micro Correlation With Market

Significant diversification

The correlation between iShares Micro Cap ETF and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Micro Cap ETF 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 Micro Cap ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

0.92	VB	Vanguard Small Cap	Pair Corr
0.93	IJR	iShares Core SP	Pair Corr
0.94	IWM	iShares Russell 2000 Aggressive Push	Pair Corr
0.94	VRTIX	Vanguard Russell 2000	Pair Corr
0.94	VTWO	Vanguard Russell 2000	Pair Corr
0.78	FNDA	Schwab Fundamental Small	Pair Corr
0.93	SPSM	SPDR Portfolio SP	Pair Corr
0.94	DFAS	Dimensional Small Cap	Pair Corr
0.93	VIOO	Vanguard SP Small	Pair Corr
0.94	PRFZ	Invesco FTSE RAFI	Pair Corr
0.82	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.66	ITDD	iShares Trust	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	DIS	Walt Disney Aggressive Push	Pair Corr
0.65	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.63	WMT	Walmart Aggressive Push	Pair Corr
0.67	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against IShares Etf

0.64	KO	Coca Cola Sell-off Trend	Pair Corr
0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.59	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	IJS	IJT	IJJ	IWB	IJK
IJS		0.98	0.94	0.91	0.91	IJS
IJT	0.98		0.93	0.92	0.94	IJT
IJJ	0.94	0.93		0.9	0.98	IJJ
IWB	0.91	0.92	0.9		0.9	IWB
IJK	0.91	0.94	0.98	0.9		IJK
	IJS	IJT	IJJ	IWB	IJK

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IShares Micro Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Micro 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 Micro'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
IJS	0.94	0.14	0.03	1.80	0.83	(1.18)	1.96	(1.69)	7.90
IJT	0.93	0.11	0.00	4.77	0.92	(1.05)	2.15	(1.43)	7.36
IJJ	0.74	0.14	0.03	2.69	0.60	(0.81)	1.70	(1.21)	5.72
IWB	0.55	0.10	(0.01)	1.75	0.68	(0.59)	1.12	(1.33)	3.96
IJK	0.73	0.11	0.01	1.05	0.76	(0.78)	1.66	(1.12)	5.15

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