IShares Trust Correlations

Etfs USA . 
Etf . iShares Trust
TLTW Etf  USD 25.22  0.35  1.41%   
The current 90-days correlation between iShares Trust and iShares Trust is -0.04 (i.e., Good 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

  0.96TLT iShares 20 Year Aggressive PushPairCorr
  0.97IEF iShares 7 10PairCorr
  0.96SPTL SPDR Barclays LongPairCorr
  0.97TLH iShares 10 20PairCorr
  0.95EDV Vanguard ExtendedPairCorr
  0.95GOVZ iShares 25 Year Low VolatilityPairCorr
  0.96SCHQ Schwab Long TermPairCorr
  0.86BNDD Quadratic Deflation ETFPairCorr
  0.97TYA Simplify Exchange Traded Low VolatilityPairCorr
  0.91MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.87KO Coca Cola Sell-off TrendPairCorr
  0.71PFE Pfizer Inc Aggressive PushPairCorr

Moving against IShares Etf

  0.87NVDL GraniteShares 15x LongPairCorr
  0.87NVDX T Rex 2XPairCorr
  0.87NVDU Direxion Daily NVDAPairCorr
  0.83CRPT First Trust SkyBridgePairCorr
  0.81DAPP VanEck Digital TransPairCorr
  0.76USD ProShares Ultra SemiPairCorr
  0.74DPST Direxion Daily RegionalPairCorr
  0.73BITX Volatility Shares Trust Upward RallyPairCorr
  0.72CONL GraniteShares ETF Trust Upward RallyPairCorr
  0.85JPM JPMorgan Chase Sell-off TrendPairCorr
  0.84BAC Bank of America Aggressive PushPairCorr
  0.77HPQ HP IncPairCorr
  0.71AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.71TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.7DIS Walt Disney Aggressive PushPairCorr
  0.6T ATT Inc Aggressive PushPairCorr
  0.6XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.52HD Home Depot Sell-off TrendPairCorr

Related Correlations Analysis

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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   
OARK
+ 0.9
HYGW
OARK
+ 0.83
TSLY
TSLY
+ 0.76
HYGW
TSLY
+ 0.5
SVOL
SVOL
+ 0.38
HYGW
OARK
+ 0.37
SVOL
  
High negative correlations   
OARK
- 0.65
LQDW
TSLY
- 0.55
LQDW
HYGW
- 0.4
LQDW

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.

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