IShares Short Correlations

SDIG Etf

CHF 78.71 0.04 0.05%

The current 90-days correlation between iShares Short Duration and iShares Core MSCI is 0.1 (i.e., Average 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

Very good diversification

The correlation between iShares Short Duration and DJI is -0.48 (i.e., Very good 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

0.95	VSCA	Vanguard USD Corporate	Pair Corr
0.84	SUSC	SPDR Bloomberg 0	Pair Corr
0.69	VUSA	Vanguard SP 500	Pair Corr
0.77	IEAC	iShares Core Corp	Pair Corr

Moving against IShares Etf

0.84	HMXJ	HSBC MSCI Pacific	Pair Corr
0.78	IH2O	iShares Global Water	Pair Corr
0.78	AUHEUA	UBS ETF plc	Pair Corr
0.77	EIMI	iShares Core MSCI	Pair Corr
0.75	USFMA	UBS ETF plc	Pair Corr
0.73	ISWD	iShares MSCI World	Pair Corr
0.72	USVUSY	UBS ETF plc	Pair Corr
0.65	IDP6	iShares SP SmallCap	Pair Corr
0.62	IAUP	iShares Gold Producers	Pair Corr
0.6	DJSXE	iShares Core EURO	Pair Corr
0.6	ACWIE	UBS MSCI ACWI	Pair Corr
0.57	SPICHA	UBS ETF SPI	Pair Corr
0.56	CSNKY	iShares VII PLC	Pair Corr
0.54	EMVEUA	UBSFund Solutions MSCI	Pair Corr
0.52	IECH	iShares Core Corp	Pair Corr
0.47	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.47	LYWLD	Lyxor MSCI World	Pair Corr
0.44	AWSRIS	UBS ETF plc	Pair Corr
0.42	CSSPX	iShares Core SP	Pair Corr
0.42	STKX	SPDR MSCI Europe	Pair Corr
0.4	IUSA	iShares SP 500	Pair Corr
0.38	LQDE	iShares Corp Bond	Pair Corr
0.36	RS2K	Amundi Index Solutions	Pair Corr
0.34	MXUS	Invesco MSCI USA	Pair Corr
0.81	EMHD	Invesco FTSE Emerging	Pair Corr
0.77	RGLDS	Raiffeisen ETF Solid	Pair Corr
0.77	SRFCHA	UBS ETF SXI	Pair Corr
0.76	WCOS	SPDR MSCI World	Pair Corr
0.75	BCCMA	UBS Fund Solutions	Pair Corr
0.72	IWDP	iShares Developed Markets	Pair Corr
0.72	SHEME	UBSFund Solutions	Pair Corr
0.67	JPHG	Amundi Index Solutions	Pair Corr
0.67	UT1US	UBSFund Solutions	Pair Corr

Related Correlations Analysis

	VSCA	SUSC	HKOR	CBSEUS	SX5D	SMICHA	ZGLDEU	TBIL	SJPA
VSCA		0.9	-0.77	-0.47	-0.62	-0.52	-0.73	-0.69	-0.65	VSCA
SUSC	0.9		-0.83	-0.48	-0.7	-0.54	-0.73	-0.67	-0.74	SUSC
HKOR	-0.77	-0.83		0.49	0.94	0.45	0.94	0.67	0.93	HKOR
CBSEUS	-0.47	-0.48	0.49		0.34	0.58	0.38	0.59	0.42	CBSEUS
SX5D	-0.62	-0.7	0.94	0.34		0.37	0.9	0.59	0.93	SX5D
SMICHA	-0.52	-0.54	0.45	0.58	0.37		0.29	0.77	0.44	SMICHA
ZGLDEU	-0.73	-0.73	0.94	0.38	0.9	0.29		0.57	0.86	ZGLDEU
TBIL	-0.69	-0.67	0.67	0.59	0.59	0.77	0.57		0.61	TBIL
SJPA	-0.65	-0.74	0.93	0.42	0.93	0.44	0.86	0.61		SJPA
	VSCA	SUSC	HKOR	CBSEUS	SX5D	SMICHA	ZGLDEU	TBIL	SJPA

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

SX5D	+ 0.94	HKOR
ZGLDEU	+ 0.94	HKOR
SJPA	+ 0.93	HKOR
SJPA	+ 0.93	SX5D
SUSC	+ 0.9	VSCA
ZGLDEU	+ 0.9	SX5D

High negative correlations

HKOR	- 0.83	SUSC
HKOR	- 0.77	VSCA
SJPA	- 0.74	SUSC
ZGLDEU	- 0.73	SUSC
ZGLDEU	- 0.73	VSCA
SX5D	- 0.7	SUSC

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
VSCA	0.34	(0.04)	0.00	(0.23)	0.00	0.00	0.66	(0.86)	2.63
SUSC	0.49	(0.07)	0.00	5.62	0.00	0.00	1.78	(2.25)	5.27
HKOR	1.58	0.69	0.30	(1.70)	1.30	(1.84)	4.21	(2.66)	12.58
CBSEUS	0.10	0.00	(0.38)	0.06	0.08	(0.15)	0.23	(0.23)	0.53
SX5D	0.31	0.08	0.02	(2.31)	0.21	(0.52)	1.11	(0.88)	2.73
SMICHA	0.39	0.13	0.14	20.11	0.20	(0.47)	1.04	(0.87)	2.60
ZGLDEU	1.13	0.29	0.12	3.78	1.49	(1.31)	2.33	(2.60)	9.45
TBIL	0.03	0.01	(0.80)	(1.18)	0.00	(0.04)	0.09	(0.07)	0.34
SJPA	0.87	0.18	0.12	1.00	0.78	(1.04)	1.97	(1.42)	4.77

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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