IShares Residential Correlations
REZ Etf | USD 80.76 0.01 0.01% |
The current 90-days correlation between iShares Residential and and First Trust SP is 0.96 (i.e., Almost no diversification). The correlation of IShares Residential 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 Residential Correlation With Market
Modest diversification
The correlation between iShares Residential and and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Residential and and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
0.97 | VNQ | Vanguard Real Estate Sell-off Trend | PairCorr |
0.97 | XLRE | Real Estate Sell-off Trend | PairCorr |
0.72 | SITC | Site Centers Corp | PairCorr |
0.97 | IYR | iShares Real Estate Sell-off Trend | PairCorr |
0.98 | ICF | iShares Cohen Steers Low Volatility | PairCorr |
0.98 | USRT | iShares Core REIT | PairCorr |
0.97 | IRET | iREIT MarketVector | PairCorr |
0.61 | SPPP | Sprott Physical Platinum | PairCorr |
0.81 | GMET | VanEck Vectors ETF | PairCorr |
0.71 | HART | IQ Healthy Hearts | PairCorr |
0.73 | VPL | Vanguard FTSE Pacific | PairCorr |
0.88 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
0.83 | VZ | Verizon Communications Earnings Call Tomorrow | PairCorr |
0.84 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.79 | JNJ | Johnson Johnson Earnings Call This Week | PairCorr |
0.82 | INTC | Intel Earnings Call This Week | PairCorr |
0.65 | PG | Procter Gamble Earnings Call Tomorrow | PairCorr |
Moving against IShares Etf
0.65 | RTL | Pacer Financial | PairCorr |
0.64 | MORE | MORE | PairCorr |
0.57 | CMCI | VanEck CMCI Commodity | PairCorr |
0.49 | WMT | Walmart | PairCorr |
0.42 | AXP | American Express Earnings Call This Week | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
IShares Residential Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Residential 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 Residential'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FRI | 0.82 | (0.08) | 0.00 | (0.20) | 0.00 | 1.43 | 5.35 | |||
PSR | 0.85 | (0.10) | 0.00 | (0.27) | 0.00 | 1.30 | 5.43 | |||
RWR | 0.84 | (0.08) | 0.00 | (0.20) | 0.00 | 1.44 | 5.55 | |||
REM | 0.80 | (0.03) | 0.00 | (0.06) | 0.00 | 1.67 | 4.75 | |||
ICF | 0.87 | (0.10) | 0.00 | (0.23) | 0.00 | 1.37 | 5.52 |