IShares Trust Correlations

TLTW Etf

USD 23.78 0.05 0.21%

The current 90-days correlation between iShares Trust and iShares Trust is 0.83 (i.e., Very poor diversification). The correlation of IShares Trust 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 Trust Correlation With Market

Modest diversification

The correlation between iShares Trust and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

0.98	TLT	iShares 20 Year Aggressive Push	Pair Corr
0.96	IEF	iShares 7 10	Pair Corr
0.93	SPTL	SPDR Barclays Long	Pair Corr
0.98	TLH	iShares 10 20	Pair Corr
0.98	EDV	Vanguard Extended	Pair Corr
0.97	GOVZ	iShares 25 Year Low Volatility	Pair Corr
0.98	SCHQ	Schwab Long Term	Pair Corr
0.94	BNDD	Quadratic Deflation ETF	Pair Corr
0.96	TYA	Simplify Exchange Traded Low Volatility	Pair Corr
0.84	PMBS	PIMCO Mortgage Backed	Pair Corr
0.71	MCD	McDonalds Earnings Call This Week	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.66	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr

Moving against IShares Etf

0.65	RSPY	Tuttle Capital Management	Pair Corr
0.63	DSJA	DSJA	Pair Corr
0.62	MEME	Roundhill Investments	Pair Corr
0.57	AMPD	Tidal Trust II	Pair Corr
0.52	BA	Boeing	Pair Corr
0.36	CSCO	Cisco Systems	Pair Corr
0.32	AXP	American Express	Pair Corr

Related Correlations Analysis

	LQDW	HYGW	SVOL	TSLY	OARK
LQDW		0.58	0.74	0.19	0.47	LQDW
HYGW	0.58		0.69	0.64	0.84	HYGW
SVOL	0.74	0.69		0.38	0.64	SVOL
TSLY	0.19	0.64	0.38		0.89	TSLY
OARK	0.47	0.84	0.64	0.89		OARK
	LQDW	HYGW	SVOL	TSLY	OARK

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IShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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
LQDW	0.21	(0.01)	(0.28)	0.00	0.28	(0.21)	0.50	(0.46)	1.82
HYGW	0.14	0.01	(0.36)	0.33	0.14	(0.16)	0.38	(0.28)	1.16
SVOL	0.70	0.02	(0.02)	0.14	1.09	(0.68)	1.49	(1.47)	5.95
TSLY	2.51	0.45	0.15	1.17	2.36	(3.05)	5.95	(4.11)	18.04
OARK	1.46	0.24	0.09	0.66	1.75	(1.65)	3.16	(2.81)	10.71

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