IShares Nasdaq Correlations
| QTOP Etf | 25.38 0.27 1.05% |
The current 90-days correlation between iShares Nasdaq Top and Vanguard Growth Index is 0.15 (i.e., Average diversification). The correlation of IShares Nasdaq 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 Nasdaq Correlation With Market
Average diversification
The correlation between iShares Nasdaq Top and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Nasdaq Top and DJI in the same portfolio, assuming nothing else is changed.
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IShares Nasdaq Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Nasdaq 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 Nasdaq'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VUG | 0.70 | 0.03 | 0.01 | 0.16 | 0.96 | 1.66 | 5.33 | |||
| IWF | 0.71 | 0.03 | 0.01 | 0.16 | 0.93 | 1.71 | 5.25 | |||
| IVW | 0.72 | 0.02 | 0.00 | 0.15 | 0.98 | 1.58 | 5.35 | |||
| IUSG | 0.71 | 0.01 | 0.00 | 0.14 | 1.01 | 1.49 | 5.33 | |||
| VONG | 0.70 | 0.03 | 0.01 | 0.16 | 0.92 | 1.72 | 5.38 | |||
| MGK | 0.73 | 0.02 | 0.00 | 0.15 | 1.01 | 1.78 | 5.51 | |||
| VRGWX | 0.72 | 0.03 | 0.01 | 0.16 | 0.95 | 1.67 | 5.14 | |||
| MTUM | 0.69 | 0.04 | 0.03 | 0.17 | 0.71 | 1.70 | 4.40 |