IShares Exponential Correlations

XT Etf

USD 72.46 0.13 0.18%

The current 90-days correlation between iShares Exponential and Principal Mega Cap ETF is 0.88 (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

Poor diversification

The correlation between iShares Exponential Technologi and DJI is 0.68 (i.e., Poor 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 producer price index.

Moving together with IShares Etf

0.65	ICLN	iShares Global Clean	Pair Corr
0.78	TAN	Invesco Solar ETF	Pair Corr
0.93	QCLN	First Trust NASDAQ	Pair Corr
0.9	BOTZ	Global X Robotics	Pair Corr
0.94	DRIV	Global X Autonomous	Pair Corr
0.78	ACES	ALPS Clean Energy	Pair Corr
0.79	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.78	MUU	Direxion Daily MU Downward Rally	Pair Corr
0.8	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.84	MULL	GraniteShares 2x Long Downward Rally	Pair Corr
0.8	JNUG	Direxion Daily Junior	Pair Corr
0.83	KORU	Direxion Daily South	Pair Corr
0.79	NUGT	Direxion Daily Gold	Pair Corr
0.78	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.82	SLVR	Sprott Silver Miners	Pair Corr
0.76	SHNY	Microsectors Gold Trending	Pair Corr
0.89	EMCS	Xtrackers MSCI Emerging	Pair Corr
0.71	GSIG	Goldman Sachs Access	Pair Corr
0.91	BMAY	Innovator SP 500	Pair Corr
0.61	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.83	BA	Boeing Earnings Call Tomorrow	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.67	AA	Alcoa Corp Downward Rally	Pair Corr

Moving against IShares Etf

0.52	HPQ	HP Inc	Pair Corr
0.5	T	ATT Inc Earnings Call This Week	Pair Corr
0.45	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	IYR	IYF	DON	IMCG	EWC	SUSA	IMTM	IYH	REET	USMC
IYR		0.26	0.64	0.63	0.47	0.49	0.58	0.44	0.92	-0.05	IYR
IYF	0.26		0.81	0.51	0.89	0.77	0.8	0.69	0.44	0.27	IYF
DON	0.64	0.81		0.71	0.94	0.82	0.93	0.74	0.74	0.05	DON
IMCG	0.63	0.51	0.71		0.61	0.87	0.76	0.19	0.76	0.47	IMCG
EWC	0.47	0.89	0.94	0.61		0.82	0.93	0.76	0.61	0.11	EWC
SUSA	0.49	0.77	0.82	0.87	0.82		0.83	0.47	0.63	0.57	SUSA
IMTM	0.58	0.8	0.93	0.76	0.93	0.83		0.65	0.76	0.08	IMTM
IYH	0.44	0.69	0.74	0.19	0.76	0.47	0.65		0.49	-0.18	IYH
REET	0.92	0.44	0.74	0.76	0.61	0.63	0.76	0.49		0.05	REET
USMC	-0.05	0.27	0.05	0.47	0.11	0.57	0.08	-0.18	0.05		USMC
	IYR	IYF	DON	IMCG	EWC	SUSA	IMTM	IYH	REET	USMC

Please upgrade your account to get full access to Macroaxis premium features

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

EWC	+ 0.94	DON
IMTM	+ 0.93	DON
IMTM	+ 0.93	EWC
REET	+ 0.92	IYR
EWC	+ 0.89	IYF
SUSA	+ 0.87	IMCG

High negative correlations

USMC	- 0.18	IYH
USMC	- 0.05	IYR

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	0.56	0.01	(0.08)	0.01	0.86	(0.52)	1.18	(1.15)	3.47
IYF	0.65	0.05	(0.01)	1.09	0.84	(0.68)	1.27	(1.46)	4.64
DON	0.61	0.10	0.02	(0.48)	0.53	(0.69)	1.64	(1.04)	3.52
IMCG	0.71	0.00	(0.07)	0.16	0.93	(0.72)	1.44	(1.78)	3.40
EWC	0.64	0.13	0.07	2.85	0.71	(0.66)	1.24	(1.30)	3.72
SUSA	0.55	0.02	(0.06)	0.36	0.78	(0.53)	1.14	(1.20)	3.60
IMTM	0.56	0.13	0.09	0.92	0.50	(0.60)	1.26	(1.05)	2.80
IYH	0.66	0.13	0.09	3.28	0.45	(0.81)	2.09	(1.11)	3.60
REET	0.43	0.01	(0.09)	(0.08)	0.64	(0.42)	0.98	(0.99)	2.68
USMC	0.54	(0.06)	0.00	(0.25)	0.00	0.00	0.85	(1.28)	3.88

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC