IShares Core Correlations

USRT Etf

USD 63.24 0.43 0.68%

The current 90-days correlation between iShares Core REIT and iShares Real Estate is 0.95 (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

Poor diversification

The correlation between iShares Core REIT and DJI is 0.6 (i.e., Poor 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 real.

Moving together with IShares Etf

0.99	VNQ	Vanguard Real Estate	Pair Corr
0.95	XLRE	Real Estate	Pair Corr
0.99	IYR	iShares Real Estate	Pair Corr
0.99	ICF	iShares Cohen Steers	Pair Corr
0.95	IRET	iREIT MarketVector	Pair Corr
1.0	RWR	SPDR Dow Jones	Pair Corr
0.89	XOP	SPDR SP Oil	Pair Corr
0.89	AIVI	WisdomTree International	Pair Corr
0.84	IYM	iShares Basic Materials	Pair Corr
0.78	WTRE	WisdomTree New Economy	Pair Corr
0.91	VPL	Vanguard FTSE Pacific	Pair Corr
0.73	ETHO	Amplify Etho Climate	Pair Corr
0.92	VDC	Vanguard Consumer Staples	Pair Corr
0.8	ILOW	AB Active ETFs	Pair Corr
0.83	DVYE	iShares Emerging Markets	Pair Corr
0.84	ESGD	iShares ESG Aware	Pair Corr
0.79	FNK	First Trust Mid	Pair Corr
0.83	UEVM	VictoryShares Emerging	Pair Corr
0.76	IJS	iShares SP Small	Pair Corr
0.84	FEM	First Trust Emerging	Pair Corr
0.86	JEPI	JPMorgan Equity Premium	Pair Corr
0.86	RHRX	Starboard Investment	Pair Corr
0.83	AVDS	Avantis International	Pair Corr
0.82	FTCS	First Trust Capital	Pair Corr
0.85	DISV	Dimensional ETF Trust	Pair Corr
0.75	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.9	SPDV	AAM SP 500	Pair Corr

Moving against IShares Etf

0.41	HHH	Howard Hughes Holdings	Pair Corr
0.31	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.47	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	IYH	IMCG	ILCG	ITB	LRGF	SLYG	IFRA	NLR	EWU	IYR
IYH		0.48	0.17	0.29	0.29	0.39	0.31	0.31	0.36	0.34	IYH
IMCG	0.48		0.28	0.66	0.61	0.91	0.78	0.88	0.82	0.67	IMCG
ILCG	0.17	0.28		-0.35	0.83	-0.04	-0.33	0.14	-0.15	-0.43	ILCG
ITB	0.29	0.66	-0.35		0.02	0.8	0.85	0.62	0.69	0.83	ITB
LRGF	0.29	0.61	0.83	0.02		0.4	0.11	0.34	0.28	-0.04	LRGF
SLYG	0.39	0.91	-0.04	0.8	0.4		0.92	0.82	0.9	0.78	SLYG
IFRA	0.31	0.78	-0.33	0.85	0.11	0.92		0.78	0.95	0.92	IFRA
NLR	0.31	0.88	0.14	0.62	0.34	0.82	0.78		0.81	0.62	NLR
EWU	0.36	0.82	-0.15	0.69	0.28	0.9	0.95	0.81		0.81	EWU
IYR	0.34	0.67	-0.43	0.83	-0.04	0.78	0.92	0.62	0.81		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

EWU	+ 0.95	IFRA
IFRA	+ 0.92	SLYG
IYR	+ 0.92	IFRA
SLYG	+ 0.91	IMCG
EWU	+ 0.9	SLYG
NLR	+ 0.88	IMCG

High negative correlations

IYR	- 0.43	ILCG
ITB	- 0.35	ILCG
IFRA	- 0.33	ILCG
EWU	- 0.15	ILCG
IYR	- 0.04	LRGF
SLYG	- 0.04	ILCG

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	0.70	(0.02)	(0.09)	0.08	0.64	(0.91)	1.82	(1.27)	3.69
IMCG	0.73	0.02	0.03	0.13	0.72	(0.77)	1.45	(1.52)	5.03
ILCG	0.71	(0.06)	(0.07)	0.04	1.08	(0.66)	1.27	(1.71)	4.61
ITB	1.38	0.07	0.08	0.17	1.14	(1.77)	4.22	(2.13)	9.66
LRGF	0.55	(0.02)	(0.06)	0.08	0.70	(0.57)	1.05	(1.17)	4.06
SLYG	0.78	0.09	0.13	0.19	0.54	(0.90)	2.30	(1.46)	4.82
IFRA	0.71	0.18	0.20	0.35	0.44	(0.83)	1.52	(0.91)	3.03
NLR	2.22	0.22	0.09	0.28	2.47	(2.28)	4.84	(4.70)	13.50
EWU	0.63	0.19	0.21	0.38	0.39	(0.78)	1.46	(0.89)	4.09
IYR	0.56	0.07	0.01	0.28	0.58	(0.62)	1.37	(1.07)	3.47

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