IShares Preferred Correlations
| PFF Etf | USD 31.81 0.29 0.90% |
The current 90-days correlation between iShares Preferred and iShares iBoxx High is 0.05 (i.e., Significant diversification). The correlation of IShares Preferred 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 Preferred Correlation With Market
Very weak diversification
The correlation between iShares Preferred and and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Preferred and and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
| 0.97 | PGX | Invesco Preferred ETF | PairCorr |
| 0.89 | PFFD | Global X Preferred | PairCorr |
| 0.97 | PGF | Invesco Financial | PairCorr |
| 0.98 | PSK | SPDR ICE Preferred | PairCorr |
| 0.91 | PFXF | VanEck Preferred Sec | PairCorr |
| 0.77 | PFFA | Virtus InfraCap Preferred | PairCorr |
| 0.65 | EWC | iShares MSCI Canada | PairCorr |
| 0.84 | IRET | iREIT MarketVector | PairCorr |
| 0.68 | AA | Alcoa Corp | PairCorr |
| 0.85 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.77 | JNJ | Johnson Johnson | PairCorr |
| 0.74 | CAT | Caterpillar Earnings Call This Week | PairCorr |
Moving against IShares Etf
| 0.47 | ARKW | ARK Next Generation | PairCorr |
| 0.32 | IAUF | IShares | PairCorr |
| 0.7 | BA | Boeing | PairCorr |
| 0.4 | WMT | Walmart Aggressive Push | PairCorr |
| 0.34 | CSCO | Cisco Systems | PairCorr |
Related Correlations Analysis
| -0.14 | 0.99 | -0.12 | 0.58 | PGX | ||
| -0.14 | -0.09 | 1.0 | 0.28 | HYG | ||
| 0.99 | -0.09 | -0.08 | 0.56 | PGF | ||
| -0.12 | 1.0 | -0.08 | 0.31 | JNK | ||
| 0.58 | 0.28 | 0.56 | 0.31 | LQD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
IShares Preferred Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Preferred 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 Preferred'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGX | 0.55 | (0.09) | 0.00 | (0.20) | 0.00 | 1.04 | 3.05 | |||
| HYG | 0.19 | 0.02 | (0.16) | (5.79) | 0.19 | 0.38 | 1.45 | |||
| PGF | 0.58 | (0.08) | 0.00 | (0.17) | 0.00 | 1.23 | 3.38 | |||
| JNK | 0.20 | 0.02 | (0.16) | (2.33) | 0.19 | 0.40 | 1.46 | |||
| LQD | 0.35 | (0.02) | 0.00 | (0.73) | 0.00 | 0.74 | 2.49 |