BlackRock ESG Correlations

MAGG Etf

7.19 0.02 0.28%

The current 90-days correlation between BlackRock ESG Multi and BlackRock ESG Multi Asset is 0.39 (i.e., Weak diversification). The correlation of BlackRock ESG 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.

BlackRock ESG Correlation With Market

Modest diversification

The correlation between BlackRock ESG Multi Asset and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock ESG Multi Asset and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BlackRock ESG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BlackRock ESG when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BlackRock ESG - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BlackRock ESG Multi Asset to buy it.

Moving together with BlackRock Etf

0.91

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Pair Corr

Moving against BlackRock Etf

0.85	IDTL	iShares Treasury Bond	Pair Corr
0.85	DTLA	iShares Treasury Bond	Pair Corr
0.84	U10C	Amundi Treasury Bond	Pair Corr
0.84	LUTR	SPDR Barclays 10	Pair Corr
0.69	LUSC	SPDR Barclays 10	Pair Corr
0.68	ISUN	Invesco Solar Energy	Pair Corr
0.54	GCLE	Invesco Markets II	Pair Corr
0.53	GCED	Invesco Markets II	Pair Corr
0.51	UC86	UBSFund Solutions	Pair Corr

Related Correlations Analysis

	MACG	MAMG	EEJG	IFSE	SCOV	YIEL	SEML	HTRD
MACG		0.72	0.1	0.0	0.0	0.67	0.45	0.0	MACG
MAMG	0.72		0.12	0.0	0.0	0.94	0.12	0.0	MAMG
EEJG	0.1	0.12		0.0	0.0	-0.06	0.3	0.0	EEJG
IFSE	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IFSE
SCOV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SCOV
YIEL	0.67	0.94	-0.06	0.0	0.0		0.0	0.0	YIEL
SEML	0.45	0.12	0.3	0.0	0.0	0.0		0.0	SEML
HTRD	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HTRD
	MACG	MAMG	EEJG	IFSE	SCOV	YIEL	SEML	HTRD

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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

YIEL	+ 0.94	MAMG
MAMG	+ 0.72	MACG
YIEL	+ 0.67	MACG
SEML	+ 0.45	MACG
SEML	+ 0.3	EEJG
EEJG	+ 0.12	MAMG

High negative correlations

YIEL	- 0.06	EEJG
HTRD	- 0.0	SEML
HTRD	- 0.0	YIEL
SEML	- 0.0	YIEL
HTRD	- 0.0	SCOV
SEML	- 0.0	SCOV

BlackRock ESG Constituents Risk-Adjusted Indicators

There is a big difference between BlackRock Etf performing well and BlackRock ESG 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 BlackRock ESG'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
MACG	0.24	0.02	(0.23)	(2.20)	0.24	(0.37)	0.39	(0.39)	2.34
MAMG	0.31	0.04	(0.19)	0.33	0.11	(0.45)	0.81	(0.50)	2.17
EEJG	0.72	(0.02)	0.00	(1.05)	0.00	0.00	1.23	(1.43)	4.38
IFSE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCOV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YIEL	0.14	0.02	(0.59)	0.53	0.00	(0.16)	0.34	(0.22)	1.16
SEML	0.30	(0.01)	(0.30)	0.05	0.38	(0.29)	0.62	(0.65)	1.95
HTRD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in BlackRock ESG without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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