IShares Russell Correlations

Etfs . USA . 
Etf . iShares Russell 2000
IWN Etf  USD 167.48  0.02  0.01%   
The current 90-days correlation between iShares Russell 2000 and iShares Russell 2000 is 0.88 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Russell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Russell 2000 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Russell Correlation With Market

Very weak diversification

The correlation between iShares Russell 2000 and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Russell 2000 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 Russell 2000. 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

  0.96VBR Vanguard Small CapPairCorr
  0.97DFAT Dimensional TargetedPairCorr
  0.97IJS iShares SP SmallPairCorr
  0.97SLYV SPDR SP 600PairCorr
  0.98AVUV Avantis Small CapPairCorr
  0.99DES WisdomTree SmallCapPairCorr
  0.89MDYV SPDR SP 400PairCorr
  0.88CALF Pacer Small CapPairCorr
  0.96REGL ProShares SP MidCapPairCorr
  0.61FNGD MicroSectors FANG IndexPairCorr
  0.87DUKH Ocean Park HighPairCorr
  0.82SMI VanEck Vectors ETFPairCorr
  0.75HD Home DepotPairCorr
  0.77CAT Caterpillar Sell-off TrendPairCorr
  0.63CVX Chevron CorpPairCorr
  0.8XOM Exxon Mobil CorpPairCorr
  0.71PG Procter GamblePairCorr
  0.87TRV The Travelers CompaniesPairCorr

Moving against IShares Etf

  0.7BA BoeingPairCorr
  0.51PFE Pfizer IncPairCorr

Related Correlations Analysis

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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   
IWS
+ 0.93
IWO
IWS
+ 0.92
IWD
IWD
+ 0.81
IWO
IWP
+ 0.75
IWD
IWP
+ 0.59
IWS
IWP
+ 0.58
IWO
  
High negative correlations   
IWF
- 0.18
IWS
IWF
- 0.09
IWD
IWF
- 0.01
IWO

IShares Russell Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Russell 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 Russell'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.

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