IShares Trust Correlations

Etfs . USA . 
Etf . iShares Trust
LQDW Etf  USD 27.23  0.02  0.07%   
The current 90-days correlation between iShares Trust and iShares Trust is 0.07 (i.e., Significant 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

Good diversification

The correlation between iShares Trust and DJI is -0.03 (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

  0.98LQD iShares iBoxx InvestmentPairCorr
  0.97IGIB iShares 5 10PairCorr
  0.91USIG iShares Broad USDPairCorr
  0.95SPIB SPDR Barclays Interm Sell-off TrendPairCorr
  0.97SUSC iShares ESG USDPairCorr
  0.92QLTA iShares AaaPairCorr
  0.97CORP PIMCO Investment GradePairCorr
  0.97FLCO Franklin Liberty InvPairCorr
  0.97GIGB Goldman Sachs AccessPairCorr
  0.97VTC Vanguard Total CorporatePairCorr
  0.96BND Vanguard Total Bond Sell-off TrendPairCorr
  0.81VEA Vanguard FTSE DevelopedPairCorr
  0.65MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.88KO Coca Cola Aggressive PushPairCorr
  0.68JNJ Johnson Johnson Sell-off TrendPairCorr
  0.71PFE Pfizer Inc Aggressive PushPairCorr

Moving against IShares Etf

  0.7VUG Vanguard Growth IndexPairCorr
  0.66VTI Vanguard Total StockPairCorr
  0.65SPY SPDR SP 500 Aggressive PushPairCorr
  0.65IVV iShares Core SPPairCorr
  0.65VO Vanguard Mid CapPairCorr
  0.63VB Vanguard Small CapPairCorr
  0.51VTV Vanguard Value IndexPairCorr
  0.82JPM JPMorgan Chase Sell-off TrendPairCorr
  0.79BAC Bank of America Aggressive PushPairCorr
  0.78CSCO Cisco Systems Aggressive PushPairCorr
  0.69AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.68TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.67WMT Walmart Aggressive PushPairCorr
  0.66DIS Walt Disney Aggressive PushPairCorr
  0.57T ATT Inc Sell-off TrendPairCorr
  0.34HD Home DepotPairCorr

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   
TSLY
+ 0.83
OARK
OARK
+ 0.81
HYGW
TSLY
+ 0.68
HYGW
TSLY
+ 0.5
SVOL
SVOL
+ 0.4
HYGW
OARK
+ 0.37
SVOL
  
High negative correlations   
OARK
- 0.69
TLTW
TLTW
- 0.51
HYGW
TSLY
- 0.5
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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