IShares SP Correlations

OEF Etf

USD 286.47 0.44 0.15%

The current 90-days correlation between iShares SP 100 and iShares ESG Aware is 0.98 (i.e., Almost no diversification). The correlation of IShares SP 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 SP Correlation With Market

Poor diversification

The correlation between iShares SP 100 and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP 100 and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in iShares SP 100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with IShares Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
1.0	SPY	SPDR SP 500	Pair Corr
1.0	IVV	iShares Core SP	Pair Corr
0.91	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
0.95	RSP	Invesco SP 500	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.99	DFAC	Dimensional Core Equity	Pair Corr
1.0	SPLG	SPDR Portfolio SP	Pair Corr
0.82	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.88	USD	ProShares Ultra Semi Potential Growth	Pair Corr
0.91	TECL	Direxion Daily Technology	Pair Corr
0.93	ROM	ProShares Ultra Tech	Pair Corr
0.98	QLD	ProShares Ultra QQQ	Pair Corr
0.78	SMH	VanEck Semiconductor ETF	Pair Corr
0.63	FBGX	UBS	Pair Corr
0.99	SPXL	Direxion Daily SP500	Pair Corr
0.99	UPRO	ProShares UltraPro SP500	Pair Corr
0.93	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.68	T	ATT Inc Aggressive Push	Pair Corr
0.85	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.93	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.96	CSCO	Cisco Systems	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.91	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against IShares Etf

0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.57	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	ESGU	ESGE	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF
ESGU		0.45	-0.78	0.0	-0.26	0.76	0.65	0.05	-0.37	ESGU
ESGE	0.45		-0.4	0.0	-0.54	0.88	0.54	0.46	0.23	ESGE
444859BR2	-0.78	-0.4		0.0	0.3	-0.62	-0.59	-0.09	0.21	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.26	-0.54	0.3	0.0		-0.5	-0.45	-0.44	-0.02	BRRAY
MSTSX	0.76	0.88	-0.62	0.0	-0.5		0.72	0.4	0.03	MSTSX
LBHIX	0.65	0.54	-0.59	0.0	-0.45	0.72		0.62	-0.21	LBHIX
ABHYX	0.05	0.46	-0.09	0.0	-0.44	0.4	0.62		-0.01	ABHYX
SCAXF	-0.37	0.23	0.21	0.0	-0.02	0.03	-0.21	-0.01		SCAXF
	ESGU	ESGE	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF

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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

MSTSX	+ 0.88	ESGE
MSTSX	+ 0.76	ESGU
LBHIX	+ 0.72	MSTSX
LBHIX	+ 0.65	ESGU
ABHYX	+ 0.62	LBHIX
LBHIX	+ 0.54	ESGE

High negative correlations

444859BR2	- 0.78	ESGU
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2
BRRAY	- 0.54	ESGE
MSTSX	- 0.5	BRRAY
LBHIX	- 0.45	BRRAY

IShares SP Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SP 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 SP'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
ESGU	0.58	0.01	0.00	0.10	0.69	(0.59)	1.14	(1.38)	3.85
ESGE	0.89	(0.03)	(0.07)	0.01	1.14	(0.90)	2.19	(1.84)	6.02
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47

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