IShares Consumer Correlations

Etfs . USA . 
Etf . iShares Consumer Staples
IYK Etf  USD 69.40  0.65  0.95%   
The current 90-days correlation between iShares Consumer Staples and iShares Industrials ETF is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Consumer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Consumer Staples moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Consumer Correlation With Market

Average diversification

The correlation between iShares Consumer Staples and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Consumer Staples 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 Staples. 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

  0.96XLP Consumer Staples SelectPairCorr
  0.87VDC Vanguard Consumer StaplesPairCorr
  0.91KXI iShares Global ConsumerPairCorr
  0.87FSTA Fidelity MSCI ConsumerPairCorr
  0.91FTXG First Trust NasdaqPairCorr
  0.83RHS Invesco SP 500PairCorr
  0.76HART IQ Healthy HeartsPairCorr
  0.81GREI Goldman Sachs FuturePairCorr
  0.74BITI ProShares TrustPairCorr
  0.88PG Procter GamblePairCorr
  0.85KO Coca Cola Aggressive PushPairCorr
  0.64PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Moving against IShares Etf

  0.76EOS Eaton Vance EnhancedPairCorr
  0.7VBK Vanguard Small CapPairCorr
  0.62PSL Invesco DWA ConsumerPairCorr
  0.6XOP SPDR SP OilPairCorr
  0.52MAPP Harbor ETF TrustPairCorr
  0.47EVUS iShares ESG AwarePairCorr
  0.79CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.73CSCO Cisco SystemsPairCorr
  0.72AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.68SPY SPDR SP 500PairCorr
  0.64HPQ HP IncPairCorr
  0.62DIS Walt Disney Aggressive PushPairCorr
  0.61PPA Invesco Aerospace DefensePairCorr
  0.56XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.45HD Home DepotPairCorr
  0.42T ATT Inc Aggressive PushPairCorr
  0.39TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Related Correlations Analysis

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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.

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