IShares Floating Correlations
| XFR Etf | CAD 20.06 0.01 0.05% |
The current 90-days correlation between iShares Floating Rate and iShares 1 10Yr Laddered is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Floating Rate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
IShares Floating Correlation With Market
Good diversification
The correlation between iShares Floating Rate and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
IShares |
The ability to find closely correlated positions to IShares Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Floating when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Floating - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Floating Rate to buy it.
Moving together with IShares Etf
| 0.82 | XSB | iShares Canadian Short | PairCorr |
| 0.86 | XSH | iShares Core Canadian | PairCorr |
| 0.84 | ZCS | BMO Short Corporate | PairCorr |
| 0.8 | VSB | Vanguard Canadian Short | PairCorr |
| 0.99 | ZST | BMO Ultra Short | PairCorr |
| 0.81 | CBO | iShares 1 5 | PairCorr |
| 0.82 | PSB | Invesco 1 5 | PairCorr |
| 0.73 | CLF | iShares 1 5 | PairCorr |
| 0.76 | ZFS | BMO Short Federal | PairCorr |
| 0.77 | XIT | iShares SPTSX Capped | PairCorr |
| 0.8 | FHQ | First Trust AlphaDEX | PairCorr |
| 0.68 | XQQ | iShares NASDAQ 100 | PairCorr |
| 0.68 | ZQQ | BMO NASDAQ 100 | PairCorr |
| 0.67 | ZUQ | BMO MSCI USA | PairCorr |
| 0.82 | XUS | iShares Core SP | PairCorr |
| 0.82 | ZSP | BMO SP 500 | PairCorr |
| 0.89 | UBIL-U | Global X 0 | PairCorr |
| 0.79 | BTCC | Purpose Bitcoin CAD | PairCorr |
| 0.82 | QCLN | First Trust Nasdaq | PairCorr |
| 0.64 | CEW | iShares Equal Weight | PairCorr |
| 0.69 | ZGRO | BMO Growth ETF | PairCorr |
| 0.88 | CMAG | CI Munro Alternative | PairCorr |
| 0.82 | HSAV | Global X Cash | PairCorr |
| 0.74 | QETH-U | Ether Fund | PairCorr |
| 0.86 | QQCL | Global X Enhanced | PairCorr |
| 0.98 | CASH | GLOBAL X HIGH | PairCorr |
| 0.83 | SITU | Scotia Equity Index | PairCorr |
| 0.83 | FBTC | Fidelity Advantage | PairCorr |
| 0.89 | USCL | Global X Enhanced | PairCorr |
| 0.86 | ZUAG | BMO Aggregate Bond | PairCorr |
| 0.85 | ZIC | BMO Mid Term | PairCorr |
| 0.94 | HPR | Global X Active | PairCorr |
| 0.87 | TERM | Manulife Smart Short | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
IShares Floating Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Floating 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 Floating'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBH | 0.17 | 0.01 | (0.06) | 0.26 | 0.16 | 0.40 | 1.42 | |||
| XEB | 0.29 | (0.04) | 0.00 | (0.36) | 0.00 | 0.58 | 2.85 | |||
| CVD | 0.32 | (0.01) | 0.00 | (0.18) | 0.00 | 0.81 | 2.43 | |||
| XIG | 0.38 | (0.06) | 0.00 | (2.24) | 0.00 | 0.70 | 2.30 | |||
| XMM | 0.35 | (0.01) | (0.04) | (0.03) | 0.50 | 0.88 | 2.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IShares Floating without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Valuation Now
Equity ValuationCheck real value of public entities based on technical and fundamental data |
| All Next | Launch Module |