IShares Exponential Correlations

XT Etf

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The current 90-days correlation between iShares Exponential and Principal Mega Cap ETF is 0.86 (i.e., Very poor diversification). The correlation of IShares Exponential 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 Exponential Correlation With Market

Almost no diversification

The correlation between iShares Exponential Technologi and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Exponential Technologi and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in iShares Exponential Technologies. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with IShares Etf

0.77	ICLN	iShares Global Clean	Pair Corr
0.77	TAN	Invesco Solar ETF	Pair Corr
0.95	QCLN	First Trust NASDAQ	Pair Corr
0.96	BOTZ	Global X Robotics	Pair Corr
0.95	DRIV	Global X Autonomous	Pair Corr
0.89	ACES	ALPS Clean Energy	Pair Corr
0.69	DHF	BNY Mellon High	Pair Corr
0.88	ARP	Advisors Inner Circle	Pair Corr
0.8	PXMV	Invesco SP MidCap	Pair Corr
0.86	IGA	Voya Global Advantage	Pair Corr
0.81	SEMI	Columbia Seligman	Pair Corr
0.9	WDNA	WisdomTree BioRevolution	Pair Corr
0.92	CTEX	ProShares SP Kensho	Pair Corr
0.91	ESML	iShares ESG Aware	Pair Corr
0.85	FNDC	Schwab Fundamental	Pair Corr
0.94	JANW	AIM ETF Products	Pair Corr
0.94	FPXE	First Trust IPOX	Pair Corr
0.83	TAXT	Northern Trust Tax	Pair Corr
0.95	VTHR	Vanguard Russell 3000	Pair Corr
0.95	XAUG	FT Cboe Vest	Pair Corr
0.91	PFFA	Virtus InfraCap Preferred	Pair Corr
0.72	UDI	USCF ETF Trust	Pair Corr
0.84	SFLO	VictoryShares Small Cap	Pair Corr
0.82	EMES	Harbor ETF Trust	Pair Corr
0.89	WLDR	Affinity World Leaders	Pair Corr
0.82	IAUM	iShares Gold Trust	Pair Corr
0.94	TOCT	Innovator Equity Defined	Pair Corr
0.74	NCPB	Nuveen Core Plus	Pair Corr
0.81	XFIX	Fm Investments Symbol Change	Pair Corr
0.87	PCEM	Litman Gregory Funds	Pair Corr
0.66	GOOX	Etf Opportunities Trust	Pair Corr

Moving against IShares Etf

0.7	ENTR	EntrepreneurShares	Pair Corr
0.52	PLT	Defiance Leveraged Long	Pair Corr

Related Correlations Analysis

	IYR	IYF	DON	IMCG	EWC	SUSA	IMTM	IYH	REET	USMC
IYR		0.03	0.81	0.63	0.59	0.4	0.72	0.33	0.95	-0.25	IYR
IYF	0.03		0.47	0.59	0.68	0.76	0.5	0.52	0.13	0.54	IYF
DON	0.81	0.47		0.79	0.89	0.67	0.93	0.49	0.88	-0.1	DON
IMCG	0.63	0.59	0.79		0.82	0.91	0.85	0.46	0.65	0.29	IMCG
EWC	0.59	0.68	0.89	0.82		0.83	0.92	0.55	0.68	0.1	EWC
SUSA	0.4	0.76	0.67	0.91	0.83		0.73	0.52	0.44	0.54	SUSA
IMTM	0.72	0.5	0.93	0.85	0.92	0.73		0.43	0.83	-0.05	IMTM
IYH	0.33	0.52	0.49	0.46	0.55	0.52	0.43		0.33	0.11	IYH
REET	0.95	0.13	0.88	0.65	0.68	0.44	0.83	0.33		-0.24	REET
USMC	-0.25	0.54	-0.1	0.29	0.1	0.54	-0.05	0.11	-0.24		USMC
	IYR	IYF	DON	IMCG	EWC	SUSA	IMTM	IYH	REET	USMC

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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

REET	+ 0.95	IYR
IMTM	+ 0.93	DON
IMTM	+ 0.92	EWC
SUSA	+ 0.91	IMCG
EWC	+ 0.89	DON
REET	+ 0.88	DON

High negative correlations

USMC	- 0.25	IYR
USMC	- 0.24	REET
USMC	- 0.1	DON
USMC	- 0.05	IMTM

IShares Exponential Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Exponential 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 Exponential'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
IYR	0.59	0.05	0.03	0.17	0.68	(0.61)	1.37	(1.07)	3.47
IYF	0.73	(0.07)	(0.07)	(0.01)	0.97	(0.75)	1.28	(1.62)	4.64
DON	0.64	0.10	0.12	0.18	0.50	(0.73)	1.86	(1.09)	3.53
IMCG	0.75	(0.05)	(0.05)	0.01	0.96	(0.77)	1.45	(1.82)	5.03
EWC	0.72	0.11	0.07	0.21	1.12	(0.70)	1.38	(1.58)	5.40
SUSA	0.60	(0.05)	(0.06)	0.00	0.89	(0.56)	1.14	(1.50)	4.27
IMTM	0.69	0.10	0.09	0.19	0.73	(0.71)	1.75	(1.20)	4.42
IYH	0.76	0.05	0.04	0.14	0.61	(0.99)	2.09	(1.27)	3.76
REET	0.47	0.08	0.07	0.27	0.43	(0.53)	1.21	(0.88)	2.58
USMC	0.54	(0.10)	0.00	(0.10)	0.00	0.00	0.85	(1.36)	3.72

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