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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Consumer Discretionary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

  0.99XLY Consumer DiscretionaryPairCorr
  0.99VCR Vanguard ConsumerPairCorr
  0.99FDIS Fidelity MSCI ConsumerPairCorr
  0.97PEJ Invesco Dynamic LeisurePairCorr
  0.94FXD First Trust ConsumerPairCorr
  0.92RCD Invesco SP 500PairCorr
  0.78XRT SPDR SP RetailPairCorr
  0.78NVDL GraniteShares 15x Long Downward RallyPairCorr
  0.78NVDX T Rex 2X Downward RallyPairCorr
  0.81CONL GraniteShares ETF TrustPairCorr
  0.78NVDU Direxion Daily NVDA Downward RallyPairCorr
  0.9BITX Volatility Shares Trust Low VolatilityPairCorr
  0.93CRPT First Trust SkyBridgePairCorr
  0.93DAPP VanEck Digital TransPairCorr
  0.91WGMI Valkyrie Bitcoin MinersPairCorr
  0.93BITQ Bitwise Crypto IndustryPairCorr
  0.92BTC Grayscale Bitcoin MiniPairCorr
  0.78JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.9INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.87CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.91CSCO Cisco Systems Aggressive PushPairCorr
  0.8T ATT Inc Aggressive PushPairCorr
  0.74CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.72HD Home DepotPairCorr
  0.92WMT Walmart Aggressive PushPairCorr

Moving against IShares Etf

  0.82KO Coca Cola Aggressive PushPairCorr
  0.8BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.76PFE Pfizer Inc Aggressive PushPairCorr
  0.35PG Procter GamblePairCorr

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   
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IYTIYC
IYCOIH
IYTOIH
  
High negative correlations   
IYCPPH
IYTPPH
IYCBBH
IYTBBH
OIHPPH
OIHBBH

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.