IShares Real Correlations

Etfs . USA . 
Etf . iShares Real Estate
IYR Etf  USD 95.03  1.25  1.33%   
The current 90-days correlation between iShares Real Estate and SPDR Dow Jones is 0.97 (i.e., Almost no diversification). The correlation of IShares Real 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Real Correlation With Market

Weak diversification

The correlation between iShares Real Estate and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Real Estate 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 Real Estate. 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

  1.0VNQ Vanguard Real EstatePairCorr
  0.68HHH Howard HughesPairCorr
  1.0XLRE Real EstatePairCorr
  0.71SITC Site Centers CorpPairCorr
  1.0ICF iShares Cohen SteersPairCorr
  0.99USRT iShares Core REITPairCorr
  0.97IRET iREIT MarketVectorPairCorr
  0.83URNM Sprott Uranium MinersPairCorr
  0.92DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.88VZ Verizon CommunicationsPairCorr
  0.72CAT Caterpillar Earnings Call This WeekPairCorr
  0.79JNJ Johnson JohnsonPairCorr
  0.82HPQ HP IncPairCorr
  0.82AA Alcoa CorpPairCorr
  0.64KO Coca Cola Earnings Call This WeekPairCorr
  0.69PG Procter GamblePairCorr

Moving against IShares Etf

  0.67FBGX UBSPairCorr
  0.65MORE MOREPairCorr
  0.64RTL Pacer FinancialPairCorr
  0.64FNGO MicroSectors FANG IndexPairCorr
  0.63FNGS MicroSectors FANG ETNPairCorr
  0.58FNGU MicroSectors FANG IndexPairCorr
  0.37GBTC Grayscale Bitcoin TrustPairCorr
  0.34AXP American ExpressPairCorr

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   
RWR
+ 0.99
ICF
IYM
+ 0.91
ICF
RWR
+ 0.88
IYM
IYF
+ 0.85
IYZ
IYF
+ 0.33
RWR
IYF
+ 0.22
ICF
  
High negative correlations   
IYZ
- 0.19
IYM
IYZ
- 0.06
ICF

IShares Real Constituents Risk-Adjusted Indicators

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