IShares Automation Correlations

RBOT Etf

USD 16.13 0.41 2.48%

The current 90-days correlation between iShares Automation and iShares VII PLC is -0.17 (i.e., Good diversification). The correlation of IShares Automation 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 Automation Correlation With Market

Very weak diversification

The correlation between iShares Automation Robotics and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Automation Robotics and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Automation 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 IShares Automation - 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 iShares Automation Robotics to buy it.

Moving together with IShares Etf

0.72	ECOM	LG Ecommerce Logistics	Pair Corr
0.67	ITEK	HAN GINS Tech	Pair Corr
0.7	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.81	CSNKY	iShares VII PLC	Pair Corr
0.65	CSSPX	iShares Core SP	Pair Corr
0.72	EIMI	iShares Core MSCI	Pair Corr
0.66	IUSA	iShares SP 500	Pair Corr
0.73	MSE	Amundi EURO STOXX	Pair Corr
0.61	XMEX	Xtrackers MSCI Mexico	Pair Corr
0.65	XEOU	Xtrackers MSCI Europe	Pair Corr

Related Correlations Analysis

	EXCH	INRG	CSPXJ	CSUS	AASU	LYINR	CSINDU	CSEMAS
EXCH		0.75	0.94	0.72	0.97	-0.69	0.82	0.97	EXCH
INRG	0.75		0.85	0.41	0.79	-0.55	0.38	0.82	INRG
CSPXJ	0.94	0.85		0.65	0.91	-0.68	0.72	0.92	CSPXJ
CSUS	0.72	0.41	0.65		0.72	-0.43	0.83	0.72	CSUS
AASU	0.97	0.79	0.91	0.72		-0.64	0.77	0.99	AASU
LYINR	-0.69	-0.55	-0.68	-0.43	-0.64		-0.54	-0.64	LYINR
CSINDU	0.82	0.38	0.72	0.83	0.77	-0.54		0.75	CSINDU
CSEMAS	0.97	0.82	0.92	0.72	0.99	-0.64	0.75		CSEMAS
	EXCH	INRG	CSPXJ	CSUS	AASU	LYINR	CSINDU	CSEMAS

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

CSEMAS	+ 0.99	AASU
AASU	+ 0.97	EXCH
CSEMAS	+ 0.97	EXCH
CSPXJ	+ 0.94	EXCH
CSEMAS	+ 0.92	CSPXJ
AASU	+ 0.91	CSPXJ

High negative correlations

LYINR	- 0.69	EXCH
LYINR	- 0.68	CSPXJ
CSEMAS	- 0.64	LYINR
LYINR	- 0.64	AASU
LYINR	- 0.55	INRG
CSINDU	- 0.54	LYINR

IShares Automation Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Automation 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 Automation'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
EXCH	0.80	0.18	0.12	0.96	0.70	(1.00)	2.10	(1.33)	5.31
INRG	1.14	0.16	0.02	(0.58)	2.26	(1.22)	2.86	(2.00)	14.54
CSPXJ	0.56	0.11	0.02	(1.74)	0.93	(0.67)	1.33	(0.74)	6.87
CSUS	0.45	(0.02)	0.00	(6.09)	0.00	0.00	0.90	(1.46)	4.71
AASU	0.76	0.10	0.02	3.54	0.89	(0.89)	1.85	(1.49)	6.97
LYINR	0.62	(0.05)	0.00	(0.76)	0.00	0.00	1.14	(1.46)	4.01
CSINDU	0.43	0.05	(0.04)	0.58	0.39	(0.59)	1.20	(0.74)	2.64
CSEMAS	0.77	0.09	0.02	1.27	0.98	(0.95)	1.72	(1.35)	6.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Automation 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.

Did you try this?

Run Portfolio Center Now

Portfolio Center

All portfolio management and optimization tools to improve performance of your portfolios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC