IShares Trust Correlations

MADE Etf

36.57 0.09 0.25%

The current 90-days correlation between iShares Trust and iShares Trust is -0.09 (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.

IShares Trust Correlation With Market

Very poor diversification

The correlation between iShares Trust and DJI is 0.89 (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 small area income & poverty estimates.

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

Moving together with IShares Etf

0.99	XLI	Industrial Select Sector	Pair Corr
0.92	DRVN	Driven Brands Holdings	Pair Corr
0.89	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
1.0	VIS	Vanguard Industrials	Pair Corr
0.82	JETS	US Global Jets	Pair Corr
0.98	FXR	First Trust Industri	Pair Corr
0.93	PPA	Invesco Aerospace Defense	Pair Corr
0.97	IYJ	iShares Industrials ETF	Pair Corr
0.92	IYT	iShares Transportation	Pair Corr
1.0	FIDU	Fidelity MSCI Industrials	Pair Corr
0.71	TOT	Advisor Managed Port	Pair Corr
0.83	SHLD	Global X Defense	Pair Corr
0.78	LUX	Tema Global	Pair Corr
0.79	FB	ProShares Trust ProShares	Pair Corr
0.95	SWP	SWP Growth Income	Pair Corr
0.83	FNGD	MicroSectors FANG Index	Pair Corr
0.85	CALY	Callaway Golf Symbol Change	Pair Corr
0.93	DFSD	Dimensional ETF Trust	Pair Corr
0.86	DOGG	First Trust Exchange	Pair Corr
0.97	CHPS	Xtrackers Semiconductor	Pair Corr
0.94	ESML	iShares ESG Aware	Pair Corr
0.97	IRTR	iShares Trust	Pair Corr
0.86	XYLD	Global X SP	Pair Corr
0.95	EMES	Harbor ETF Trust	Pair Corr
0.97	EWT	iShares MSCI Taiwan	Pair Corr
0.79	TERG	Leverage Shares 2X	Pair Corr
0.9	QLV	FlexShares Quality Low	Pair Corr
0.94	FPXE	First Trust IPOX	Pair Corr
0.96	SCDV	ETF Series Solutions	Pair Corr
0.93	NBCE	Neuberger Berman ETF	Pair Corr
0.99	FNDC	Schwab Fundamental	Pair Corr
0.97	BSMS	Invesco BulletShares 2028	Pair Corr
0.86	WDNA	WisdomTree BioRevolution Low Volatility	Pair Corr
0.81	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.73	DBA	Invesco DB Agriculture	Pair Corr

Moving against IShares Etf

0.52

HUM

Humana Inc

Pair Corr

Related Correlations Analysis

	RSPE	YFYA	SNAV	AUGZ	XNOV	UXI	XTAP	JUSA	SFYX	EGUS
RSPE		0.93	0.96	0.76	0.91	0.94	0.95	0.78	0.93	-0.38	RSPE
YFYA	0.93		0.86	0.68	0.84	0.91	0.92	0.8	0.92	-0.36	YFYA
SNAV	0.96	0.86		0.81	0.91	0.9	0.92	0.81	0.89	-0.26	SNAV
AUGZ	0.76	0.68	0.81		0.9	0.57	0.81	0.85	0.81	0.2	AUGZ
XNOV	0.91	0.84	0.91	0.9		0.76	0.93	0.84	0.9	-0.07	XNOV
UXI	0.94	0.91	0.9	0.57	0.76		0.85	0.66	0.83	-0.58	UXI
XTAP	0.95	0.92	0.92	0.81	0.93	0.85		0.9	0.96	-0.17	XTAP
JUSA	0.78	0.8	0.81	0.85	0.84	0.66	0.9		0.88	0.19	JUSA
SFYX	0.93	0.92	0.89	0.81	0.9	0.83	0.96	0.88		-0.12	SFYX
EGUS	-0.38	-0.36	-0.26	0.2	-0.07	-0.58	-0.17	0.19	-0.12		EGUS
	RSPE	YFYA	SNAV	AUGZ	XNOV	UXI	XTAP	JUSA	SFYX	EGUS

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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

SNAV	+ 0.96	RSPE
SFYX	+ 0.96	XTAP
XTAP	+ 0.95	RSPE
UXI	+ 0.94	RSPE
YFYA	+ 0.93	RSPE
SFYX	+ 0.93	RSPE

High negative correlations

EGUS	- 0.58	UXI
EGUS	- 0.38	RSPE
EGUS	- 0.36	YFYA
EGUS	- 0.26	SNAV
EGUS	- 0.17	XTAP
EGUS	- 0.12	SFYX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RSPE	0.62	0.08	0.11	0.15	0.53	(0.74)	1.64	(1.10)	3.77
YFYA	0.12	0.01	(0.21)	(0.82)	0.00	(0.17)	0.30	(0.20)	0.91
SNAV	0.48	0.03	0.02	0.09	0.58	(0.50)	1.21	(1.09)	3.09
AUGZ	0.41	(0.01)	(0.07)	0.02	0.59	(0.40)	0.71	(0.88)	2.90
XNOV	0.17	0.02	(0.07)	0.13	0.12	(0.18)	0.40	(0.42)	1.42
UXI	1.46	0.33	0.19	0.22	1.59	(1.59)	3.26	(3.39)	7.80
XTAP	0.13	0.03	(0.09)	1.95	0.08	(0.14)	0.39	(0.42)	1.12
JUSA	0.55	0.01	(0.05)	(0.22)	0.79	(0.51)	1.00	(1.35)	3.72
SFYX	0.81	0.10	0.05	0.83	0.88	(0.86)	1.66	(1.69)	5.11
EGUS	0.81	(0.09)	0.00	1.05	0.00	0.00	1.44	(2.02)	5.38

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