IShares Consumer Correlations
IYC Etf | USD 95.99 1.31 1.38% |
The current 90-days correlation between iShares Consumer Dis and iShares Transportation Average is 0.59 (i.e., Very weak diversification). The correlation of IShares Consumer 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 Consumer Correlation With Market
Poor diversification
The correlation between iShares Consumer Discretionary and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Consumer Discretionary and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
0.99 | XLY | Consumer Discretionary | PairCorr |
0.99 | VCR | Vanguard Consumer | PairCorr |
0.99 | FDIS | Fidelity MSCI Consumer | PairCorr |
0.97 | PEJ | Invesco Dynamic Leisure | PairCorr |
0.94 | FXD | First Trust Consumer | PairCorr |
0.92 | RCD | Invesco SP 500 | PairCorr |
0.78 | XRT | SPDR SP Retail | PairCorr |
0.78 | NVDL | GraniteShares 15x Long Downward Rally | PairCorr |
0.78 | NVDX | T Rex 2X Downward Rally | PairCorr |
0.81 | CONL | GraniteShares ETF Trust | PairCorr |
0.78 | NVDU | Direxion Daily NVDA Downward Rally | PairCorr |
0.9 | BITX | Volatility Shares Trust Low Volatility | PairCorr |
0.93 | CRPT | First Trust SkyBridge | PairCorr |
0.93 | DAPP | VanEck Digital Trans | PairCorr |
0.91 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
0.93 | BITQ | Bitwise Crypto Industry | PairCorr |
0.92 | BTC | Grayscale Bitcoin Mini | PairCorr |
0.78 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.9 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
0.94 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.87 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.91 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.8 | T | ATT Inc Aggressive Push | PairCorr |
0.74 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.72 | HD | Home Depot | PairCorr |
0.92 | WMT | Walmart Aggressive Push | PairCorr |
Moving against IShares Etf
0.82 | KO | Coca Cola Aggressive Push | PairCorr |
0.8 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
0.76 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.35 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
0.92 | -0.24 | -0.91 | -0.83 | PPH | ||
0.92 | -0.15 | -0.78 | -0.67 | BBH | ||
-0.24 | -0.15 | 0.39 | 0.31 | OIH | ||
-0.91 | -0.78 | 0.39 | 0.92 | IYC | ||
-0.83 | -0.67 | 0.31 | 0.92 | IYT | ||
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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
| High negative correlations
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IShares Consumer Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Consumer 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 Consumer'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PPH | 0.50 | (0.18) | 0.00 | (0.62) | 0.00 | 0.74 | 3.61 | |||
BBH | 0.75 | (0.24) | 0.00 | (0.20) | 0.00 | 1.23 | 6.02 | |||
OIH | 1.40 | (0.11) | (0.02) | 0.05 | 1.67 | 2.56 | 10.56 | |||
IYC | 0.73 | 0.12 | 0.13 | 0.25 | 0.54 | 1.49 | 3.43 | |||
IYT | 0.88 | 0.03 | 0.04 | 0.14 | 0.89 | 1.74 | 6.35 |