IShares Trust Correlations

LDRC Etf

25.44 0.01 0.04%

The current 90-days correlation between iShares Trust and Harbor ETF Trust is 0.1 (i.e., Average diversification). The correlation of IShares Trust 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 Trust Correlation With Market

Very poor diversification

The correlation between iShares Trust and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

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

For information on how to trade IShares Etf refer to our How to Trade IShares Etf guide.

Moving together with IShares Etf

0.71	VTI	Vanguard Total Stock	Pair Corr
0.69	SPY	SPDR SP 500	Pair Corr
0.69	IVV	iShares Core SP	Pair Corr
0.77	BND	Vanguard Total Bond	Pair Corr
0.91	VTV	Vanguard Value Index	Pair Corr
0.82	VO	Vanguard Mid Cap	Pair Corr
0.91	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.87	VB	Vanguard Small Cap	Pair Corr
0.81	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.81	ITWO	Proshares Russell 2000	Pair Corr
0.69	AMPD	Tidal ETF Services	Pair Corr
0.61	ELON	Battleshares TSLA	Pair Corr
0.89	CPST	Calamos ETF Trust	Pair Corr
0.88	FIDU	Fidelity MSCI Industrials	Pair Corr
0.95	DFSD	Dimensional ETF Trust	Pair Corr
0.88	ESML	iShares ESG Aware	Pair Corr
0.92	JEPI	JPMorgan Equity Premium	Pair Corr
0.67	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.82	XFIX	Fm Investments Symbol Change	Pair Corr
0.83	PFF	iShares Preferred	Pair Corr
0.91	NULV	Nuveen ESG Large	Pair Corr
0.89	REGL	ProShares SP MidCap	Pair Corr
0.87	SIXJ	AIM ETF Products	Pair Corr
0.88	PCEM	Litman Gregory Funds	Pair Corr
0.88	FB	ProShares Trust ProShares	Pair Corr
0.84	NBCE	Neuberger Berman ETF	Pair Corr
0.89	IQSZ	Invesco Actively Managed	Pair Corr
0.86	BMVP	Invesco Bloomberg MVP	Pair Corr
0.84	WDNA	WisdomTree BioRevolution	Pair Corr
0.92	TAXT	Northern Trust Tax	Pair Corr
0.61	DBA	Invesco DB Agriculture	Pair Corr
0.83	GDXY	YieldMax Gold Miners	Pair Corr
0.87	FPXE	First Trust IPOX	Pair Corr
0.84	PSFD	Pacer Swan SOS	Pair Corr
0.87	STXE	EA Series Trust	Pair Corr
0.87	JANW	AIM ETF Products	Pair Corr

Moving against IShares Etf

0.8	MPAY	Exchange Traded Concepts	Pair Corr
0.34	VUG	Vanguard Growth Index	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.46	0.43	0.16	-0.53	-0.1	0.33	0.48	0.43	META
MSFT	-0.41		0.8	-0.53	-0.65	0.71	0.81	0.06	-0.85	-0.91	MSFT
UBER	-0.46	0.8		-0.46	-0.48	0.78	0.53	-0.09	-0.8	-0.74	UBER
F	0.43	-0.53	-0.46		0.06	-0.41	-0.23	0.3	0.68	0.6	F
T	0.16	-0.65	-0.48	0.06		-0.39	-0.75	-0.13	0.4	0.58	T
A	-0.53	0.71	0.78	-0.41	-0.39		0.48	-0.04	-0.63	-0.78	A
CRM	-0.1	0.81	0.53	-0.23	-0.75	0.48		0.44	-0.56	-0.81	CRM
JPM	0.33	0.06	-0.09	0.3	-0.13	-0.04	0.44		0.21	-0.08	JPM
MRK	0.48	-0.85	-0.8	0.68	0.4	-0.63	-0.56	0.21		0.82	MRK
XOM	0.43	-0.91	-0.74	0.6	0.58	-0.78	-0.81	-0.08	0.82		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.82	MRK
CRM	+ 0.81	MSFT
UBER	+ 0.8	MSFT
A	+ 0.78	UBER
A	+ 0.71	MSFT
MRK	+ 0.68	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.85	MSFT
XOM	- 0.81	CRM
MRK	- 0.8	UBER
XOM	- 0.78	A
CRM	- 0.75	T

IShares Trust Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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
META	1.51	0.00	(0.02)	0.06	1.53	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.36)	0.00	(0.92)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
F	1.22	0.07	0.05	0.14	1.20	(1.48)	3.34	(2.30)	7.16
T	1.02	0.23	0.17	3.71	0.77	(1.19)	3.87	(1.54)	5.31
A	1.27	(0.30)	0.00	(0.17)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.68	(0.41)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.15)	0.00	(0.04)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.35	0.49	0.35	0.77	0.97	(1.72)	3.59	(1.98)	8.74
XOM	1.24	0.36	0.22	1.65	1.11	(1.42)	2.68	(2.12)	6.83

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