IShares Inflation Correlations

LQDI Etf

USD 26.26 0.15 0.57%

The current 90-days correlation between iShares Inflation Hedged and iShares Interest Rate is 0.31 (i.e., Weak diversification). The correlation of IShares Inflation 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 Inflation Correlation With Market

Weak diversification

The correlation between iShares Inflation Hedged and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Inflation Hedged and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IShares Etf

0.88	LQD	iShares iBoxx Investment Aggressive Push	Pair Corr
0.95	IGIB	iShares 5 10	Pair Corr
0.95	USIG	iShares Broad USD	Pair Corr
0.79	SPIB	SPDR Barclays Interm	Pair Corr
0.89	SUSC	iShares ESG USD	Pair Corr
0.93	QLTA	iShares Aaa	Pair Corr
0.95	CORP	PIMCO Investment Grade	Pair Corr
0.88	FLCO	Franklin Liberty Inv	Pair Corr
0.89	GIGB	Goldman Sachs Access	Pair Corr
0.88	VTC	Vanguard Total Corporate	Pair Corr
0.68	PSLV	Sprott Physical Silver	Pair Corr
0.64	SPPP	Sprott Physical Platinum	Pair Corr
0.79	HART	IQ Healthy Hearts	Pair Corr
0.88	ITDD	iShares Trust	Pair Corr
0.91	VPL	Vanguard FTSE Pacific	Pair Corr
0.87	QLTI	2023 ETF	Pair Corr
0.88	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.85	DD	Dupont De Nemours	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.62	INTC	Intel	Pair Corr
0.78	PG	Procter Gamble	Pair Corr

Moving against IShares Etf

0.35

Boeing

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.44	0.59	-0.64	0.75	0.3	-0.21	0.85	-0.83	-0.29	META
MSFT	-0.44		-0.65	0.39	-0.6	0.27	0.76	-0.51	0.62	-0.09	MSFT
UBER	0.59	-0.65		-0.2	0.75	-0.09	-0.53	0.74	-0.76	0.39	UBER
F	-0.64	0.39	-0.2		-0.38	0.04	0.44	-0.39	0.64	0.72	F
T	0.75	-0.6	0.75	-0.38		-0.17	-0.42	0.69	-0.78	0.07	T
A	0.3	0.27	-0.09	0.04	-0.17		0.3	0.44	0.04	-0.13	A
CRM	-0.21	0.76	-0.53	0.44	-0.42	0.3		-0.31	0.47	0.01	CRM
JPM	0.85	-0.51	0.74	-0.39	0.69	0.44	-0.31		-0.79	0.01	JPM
MRK	-0.83	0.62	-0.76	0.64	-0.78	0.04	0.47	-0.79		0.12	MRK
XOM	-0.29	-0.09	0.39	0.72	0.07	-0.13	0.01	0.01	0.12		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

JPM	+ 0.85	META
CRM	+ 0.76	MSFT
T	+ 0.75	META
T	+ 0.75	UBER
JPM	+ 0.74	UBER
XOM	+ 0.72	F

High negative correlations

MRK	- 0.83	META
MRK	- 0.79	JPM
MRK	- 0.78	T
MRK	- 0.76	UBER
UBER	- 0.65	MSFT
F	- 0.64	META

IShares Inflation Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Inflation 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 Inflation'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	1.36	0.28	0.17	0.57	1.44	(1.42)	3.22	(2.29)	7.11
MSFT	1.03	(0.05)	0.00	(0.16)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.95	0.16	0.06	3.78	2.78	(1.95)	4.72	(3.13)	12.29
F	1.35	(0.11)	0.00	(0.13)	0.00	0.00	2.55	(2.89)	10.97
T	0.94	0.30	0.27	0.50	0.88	(1.12)	1.90	(1.75)	7.94
A	1.07	(0.03)	0.00	(0.07)	0.00	0.00	2.81	(2.16)	9.03
CRM	1.45	(0.15)	0.00	(0.22)	0.00	0.00	2.21	(3.81)	15.92
JPM	0.89	0.14	0.11	0.15	1.16	(0.97)	1.97	(1.51)	6.85
MRK	1.26	(0.10)	0.00	(2.54)	0.00	0.00	2.15	(2.24)	11.57
XOM	0.91	(0.12)	0.00	(0.25)	0.00	0.00	1.76	(2.14)	5.69

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