IShares Trust Correlations

Etfs . USA . 
Etf . iShares Trust
LQDW Etf  USD 26.45  0.03  0.11%   
The current 90-days correlation between iShares Trust and iShares Trust is -0.06 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Trust Correlation With Market

ISharesDowDiversified AwayISharesDowDiversified Away100%

Good diversification

The correlation between iShares Trust and DJI is -0.04 (i.e., Good 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.
  
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 unemployment.
For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

  0.75IGIB iShares 5 10PairCorr
  0.67USIG iShares Broad USDPairCorr
  0.87SPIB SPDR Barclays IntermPairCorr
  0.65SUSC iShares ESG USDPairCorr
  0.62QLTA iShares AaaPairCorr
  0.7CORP PIMCO Investment GradePairCorr
  0.62FLCO Franklin Liberty InvPairCorr
  0.65GIGB Goldman Sachs AccessPairCorr
  0.65VTC Vanguard Total CorporatePairCorr
  0.76PSLV Sprott Physical SilverPairCorr
  0.86HART IQ Healthy HeartsPairCorr
  0.77ITDD iShares TrustPairCorr
  0.76VPL Vanguard FTSE PacificPairCorr
  0.9QLTI 2023 ETFPairCorr
  0.72AIQ Global X ArtificialPairCorr
  0.76RXI iShares Global ConsumerPairCorr
  0.76JNJ Johnson JohnsonPairCorr
  0.74KO Coca ColaPairCorr
  0.74CSCO Cisco SystemsPairCorr
  0.74WMT Walmart Aggressive PushPairCorr
  0.68JPM JPMorgan ChasePairCorr
  0.88T ATT Inc Aggressive PushPairCorr

Moving against IShares Etf

  0.31MSFT MicrosoftPairCorr

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   
SVOL
+ 0.61
TLTW
SVOL
+ 0.58
HYGW
OARK
+ 0.52
SVOL
TLTW
+ 0.37
HYGW
OARK
+ 0.37
HYGW
TSLY
+ 0.25
OARK
  
High negative correlations   
TSLY
- 0.57
HYGW
TSLY
- 0.21
SVOL
TSLY
- 0.2
TLTW

IShares Trust Constituents 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.

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