IShares Small Correlations

SVAL Etf

USD 37.99 0.04 0.11%

The current 90-days correlation between iShares Small Cap and BlackRock Large Cap is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Small Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Small Correlation With Market

Almost no diversification

The correlation between iShares Small Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.97	IWN	iShares Russell 2000	Pair Corr
0.97	DFAT	Dimensional Targeted	Pair Corr
0.97	IJS	iShares SP Small	Pair Corr
0.97	SLYV	SPDR SP 600	Pair Corr
0.97	AVUV	Avantis Small Cap	Pair Corr
0.96	DES	WisdomTree SmallCap	Pair Corr
0.96	MDYV	SPDR SP 400	Pair Corr
0.91	CALF	Pacer Small Cap	Pair Corr
0.95	REGL	ProShares SP MidCap	Pair Corr
0.84	JNUG	Direxion Daily Junior	Pair Corr
0.77	GDXU	MicroSectors Gold Miners	Pair Corr
0.85	NUGT	Direxion Daily Gold	Pair Corr
0.88	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.88	DGP	DB Gold Double	Pair Corr
0.81	DOGG	First Trust Exchange	Pair Corr
0.86	EMES	Harbor ETF Trust	Pair Corr
0.9	NBCE	Neuberger Berman ETF	Pair Corr
0.91	CHPS	Xtrackers Semiconductor	Pair Corr
0.9	PCEM	Litman Gregory Funds	Pair Corr
0.95	GENW	Spinnaker ETF Series	Pair Corr
0.91	LVHI	Franklin International	Pair Corr
0.96	JEPI	JPMorgan Equity Premium	Pair Corr
0.83	NCPB	Nuveen Core Plus	Pair Corr
0.91	XFIX	Fm Investments Symbol Change	Pair Corr
0.69	TERG	Leverage Shares 2X	Pair Corr
0.89	XYLD	Global X SP	Pair Corr
0.94	CCNR	CoreCommodity Natural	Pair Corr
0.93	IRTR	iShares Trust	Pair Corr
0.95	ESML	iShares ESG Aware	Pair Corr
0.89	QLV	FlexShares Quality Low	Pair Corr
0.88	XAUG	FT Cboe Vest	Pair Corr
0.93	UDI	USCF ETF Trust	Pair Corr
0.85	LSEQ	Harbor ETF Trust	Pair Corr
0.91	UMAY	Innovator ETFs Trust	Pair Corr

Related Correlations Analysis

	LBO	JHID	ASCE	EQRR	EQLT	LRND	FLYU	ERET	BGRO
LBO		-0.41	0.01	-0.21	-0.4	0.68	0.76	-0.61	0.71	LBO
JHID	-0.41		0.87	0.95	0.97	-0.27	-0.04	0.92	-0.16	JHID
ASCE	0.01	0.87		0.93	0.83	0.08	0.31	0.71	0.12	ASCE
EQRR	-0.21	0.95	0.93		0.92	-0.07	0.14	0.83	-0.02	EQRR
EQLT	-0.4	0.97	0.83	0.92		-0.22	-0.05	0.9	-0.1	EQLT
LRND	0.68	-0.27	0.08	-0.07	-0.22		0.55	-0.44	0.75	LRND
FLYU	0.76	-0.04	0.31	0.14	-0.05	0.55		-0.27	0.66	FLYU
ERET	-0.61	0.92	0.71	0.83	0.9	-0.44	-0.27		-0.38	ERET
BGRO	0.71	-0.16	0.12	-0.02	-0.1	0.75	0.66	-0.38		BGRO
	LBO	JHID	ASCE	EQRR	EQLT	LRND	FLYU	ERET	BGRO

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

EQLT	+ 0.97	JHID
EQRR	+ 0.95	JHID
EQRR	+ 0.93	ASCE
ERET	+ 0.92	JHID
EQLT	+ 0.92	EQRR
ERET	+ 0.9	EQLT

High negative correlations

ERET	- 0.61	LBO
ERET	- 0.44	LRND
JHID	- 0.41	LBO
EQLT	- 0.4	LBO
BGRO	- 0.38	ERET
ERET	- 0.27	FLYU

IShares Small Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Small 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 Small'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
LBO	1.10	(0.23)	0.00	(0.10)	0.00	0.00	2.17	(3.13)	7.23
JHID	0.51	0.17	0.23	0.37	0.22	(0.62)	1.21	(0.79)	3.46
ASCE	0.88	0.11	0.13	0.16	0.76	(1.01)	1.73	(1.64)	5.62
EQRR	0.71	0.06	0.06	0.13	0.93	(0.72)	1.54	(1.95)	5.24
EQLT	0.80	0.16	0.15	0.28	0.67	(0.90)	2.18	(1.38)	4.30
LRND	0.70	(0.08)	0.00	(0.03)	0.00	0.00	1.16	(1.78)	4.90
FLYU	3.50	(0.05)	0.00	0.20	0.00	0.00	6.77	(7.87)	18.98
ERET	0.45	0.12	0.12	0.40	0.27	(0.49)	1.14	(0.72)	2.74
BGRO	0.86	(0.04)	0.00	0.50	0.00	0.00	1.82	(2.22)	5.65

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