IShares Short Correlations

SDIG Etf

EUR 87.11 0.00 0.00%

The current 90-days correlation between iShares Short Duration and iShares MSCI World is 0.09 (i.e., Significant diversification). The correlation of IShares Short 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 Short Correlation With Market

Poor diversification

The correlation between iShares Short Duration 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 Short Duration and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Short 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 Short 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 Short - 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 Short Duration to buy it.

Moving together with IShares Etf

0.77	IEGE	iShares III Public	Pair Corr
0.61	IWRD	iShares MSCI World	Pair Corr
0.61	IFFF	iShares MSCI AC	Pair Corr
0.7	PHAU	WisdomTree Physical Gold	Pair Corr
0.71	DFEU	iShares Europe Defence	Pair Corr
0.65	RTWO	LG Russell 2000	Pair Corr
0.65	ITKY	iShares MSCI Turkey	Pair Corr
0.8	DJMC	iShares EURO STOXX	Pair Corr
0.78	DJSC	iShares EURO STOXX	Pair Corr
0.79	IMEU	iShares Core MSCI	Pair Corr
0.74	IWDE	iShares MSCI World	Pair Corr
0.66	LCJP	Amundi MSCI Japan	Pair Corr
0.78	MPAB	iShares MSCI EMU	Pair Corr
0.68	VHYL	Vanguard FTSE All	Pair Corr
0.77	ISFA	iShares Core FTSE	Pair Corr
0.76	EWSA	iShares MSCI World	Pair Corr
0.8	IDVY	iShares Euro Dividend	Pair Corr
0.61	SJPD	iShares Core MSCI	Pair Corr
0.8	EPAD	iShares MSCI Europe	Pair Corr
0.74	GLDU	Amundi Index Solutions	Pair Corr
0.74	UIMR	UBSFund Solutions MSCI	Pair Corr
0.79	IESE	iShares MSCI Europe	Pair Corr

Related Correlations Analysis

	SDIG	DJSC	UIMR	VECP	CYBA	TGBT	GLDU	VHYL	DJMC	WPAD
SDIG		0.78	0.74	0.43	0.71	0.29	0.74	0.68	0.8	0.55	SDIG
DJSC	0.78		0.78	0.8	0.93	0.65	0.9	0.95	0.99	0.44	DJSC
UIMR	0.74	0.78		0.46	0.66	0.35	0.62	0.71	0.79	0.7	UIMR
VECP	0.43	0.8	0.46		0.86	0.92	0.74	0.88	0.8	0.02	VECP
CYBA	0.71	0.93	0.66	0.86		0.79	0.89	0.97	0.96	0.23	CYBA
TGBT	0.29	0.65	0.35	0.92	0.79		0.62	0.79	0.68	-0.15	TGBT
GLDU	0.74	0.9	0.62	0.74	0.89	0.62		0.87	0.9	0.43	GLDU
VHYL	0.68	0.95	0.71	0.88	0.97	0.79	0.87		0.96	0.25	VHYL
DJMC	0.8	0.99	0.79	0.8	0.96	0.68	0.9	0.96		0.41	DJMC
WPAD	0.55	0.44	0.7	0.02	0.23	-0.15	0.43	0.25	0.41		WPAD
	SDIG	DJSC	UIMR	VECP	CYBA	TGBT	GLDU	VHYL	DJMC	WPAD

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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

DJMC	+ 0.99	DJSC
VHYL	+ 0.97	CYBA
DJMC	+ 0.96	CYBA
DJMC	+ 0.96	VHYL
VHYL	+ 0.95	DJSC
CYBA	+ 0.93	DJSC

High negative correlations

WPAD

- 0.15

TGBT

IShares Short Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Short 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 Short'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
SDIG	0.03	0.01	0.00	(0.39)	0.00	0.00	0.00	0.00	1.09
DJSC	0.53	0.10	0.09	0.31	0.47	(0.60)	1.11	(1.13)	3.33
UIMR	0.44	0.08	0.01	(3.95)	0.39	(0.51)	1.01	(0.73)	2.78
VECP	0.08	0.00	(0.59)	0.11	0.00	(0.10)	0.17	(0.16)	0.70
CYBA	0.15	0.04	(0.12)	1.98	0.00	(0.22)	0.33	(0.16)	0.82
TGBT	0.11	0.01	(0.35)	1.57	0.00	(0.14)	0.24	(0.24)	0.65
GLDU	2.18	0.55	0.17	1.90	2.47	(2.26)	5.26	(4.08)	14.58
VHYL	0.38	0.19	0.27	(2.17)	0.00	(0.47)	1.00	(0.77)	2.04
DJMC	0.43	0.11	0.09	0.38	0.43	(0.46)	0.98	(0.93)	2.26
WPAD	0.51	0.04	(0.05)	(0.33)	0.62	(0.57)	0.96	(1.22)	3.06

Be your own money manager

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

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