IShares Core Correlations

USRT Etf

USD 58.16 0.51 0.87%

The current 90-days correlation between iShares Core REIT and iShares Real Estate is 0.97 (i.e., Almost no diversification). The correlation of IShares Core 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 Core Correlation With Market

Very weak diversification

The correlation between iShares Core REIT and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core REIT 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 Core REIT. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in poverty.

Moving together with IShares Etf

0.75	VNQ	Vanguard Real Estate	Pair Corr
0.68	XLRE	Real Estate	Pair Corr
0.98	IYR	iShares Real Estate	Pair Corr
0.68	ICF	iShares Cohen Steers	Pair Corr
0.75	IRET	iREIT MarketVector	Pair Corr
0.78	RWR	SPDR Dow Jones	Pair Corr
0.67	DLN	WisdomTree LargeCap	Pair Corr
0.68	VPL	Vanguard FTSE Pacific Sell-off Trend	Pair Corr
0.71	INTC	Intel Aggressive Push	Pair Corr

Moving against IShares Etf

0.61	HPQ	HP Inc Aggressive Push	Pair Corr
0.55	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	IYH	IMCG	ILCG	ITB	LRGF	SLYG	IFRA	NLR	EWU	IYR
IYH		0.19	-0.27	0.38	0.12	0.59	0.51	-0.1	0.59	0.43	IYH
IMCG	0.19		0.74	0.7	0.81	0.81	0.83	0.83	0.75	0.64	IMCG
ILCG	-0.27	0.74		0.27	0.88	0.34	0.33	0.65	0.33	0.17	ILCG
ITB	0.38	0.7	0.27		0.42	0.76	0.76	0.53	0.52	0.75	ITB
LRGF	0.12	0.81	0.88	0.42		0.64	0.52	0.53	0.58	0.27	LRGF
SLYG	0.59	0.81	0.34	0.76	0.64		0.93	0.56	0.87	0.65	SLYG
IFRA	0.51	0.83	0.33	0.76	0.52	0.93		0.72	0.91	0.77	IFRA
NLR	-0.1	0.83	0.65	0.53	0.53	0.56	0.72		0.59	0.51	NLR
EWU	0.59	0.75	0.33	0.52	0.58	0.87	0.91	0.59		0.6	EWU
IYR	0.43	0.64	0.17	0.75	0.27	0.65	0.77	0.51	0.6		IYR
	IYH	IMCG	ILCG	ITB	LRGF	SLYG	IFRA	NLR	EWU	IYR

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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

IFRA	+ 0.93	SLYG
EWU	+ 0.91	IFRA
LRGF	+ 0.88	ILCG
EWU	+ 0.87	SLYG
IFRA	+ 0.83	IMCG
NLR	+ 0.83	IMCG

High negative correlations

ILCG	- 0.27	IYH
NLR	- 0.1	IYH

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
IYH	0.67	0.07	0.07	0.15	0.55	(0.79)	2.09	(1.24)	3.76
IMCG	0.71	(0.05)	(0.05)	(0.01)	0.96	(0.69)	1.44	(1.78)	3.40
ILCG	0.71	(0.09)	0.00	(0.07)	0.00	0.00	1.25	(1.88)	4.76
ITB	1.21	(0.08)	(0.04)	(0.01)	1.30	(1.54)	4.22	(2.23)	8.51
LRGF	0.54	(0.05)	0.00	(0.02)	0.00	0.00	1.05	(1.21)	3.41
SLYG	0.81	0.01	0.02	0.06	0.93	(0.82)	1.64	(1.59)	4.73
IFRA	0.68	0.03	0.04	0.09	0.70	(0.71)	1.31	(1.32)	3.02
NLR	2.21	(0.09)	0.00	(0.01)	0.00	0.00	4.49	(4.94)	13.26
EWU	0.63	0.11	0.15	0.22	0.47	(0.73)	1.35	(1.06)	2.97
IYR	0.58	(0.03)	0.00	(0.03)	0.00	0.00	1.25	(1.15)	3.47

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