IShares Core Correlations

Etfs . Canada . 
Etf . iShares Core SP
XUU Etf  CAD 64.13  0.89  1.41%   
The current 90-days correlation between iShares Core SP and Vanguard FTSE Canada is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Core SP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Core Correlation With Market

Very weak diversification

The correlation between iShares Core SP and DJI is 0.58 (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 SP and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IShares Core 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 Core 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 Core - 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 Core SP to buy it.

Moving together with IShares Etf

  0.82XSP iShares Core SPPairCorr
  1.0ZSP BMO SP 500PairCorr
  1.0VFV Vanguard SP 500PairCorr
  1.0HXS Global X SPPairCorr
  1.0XUS iShares Core SPPairCorr
  0.82ZUE BMO SP 500PairCorr
  0.82VSP Vanguard SP 500PairCorr
  0.93ZQQ BMO NASDAQ 100PairCorr
  0.93XQQ iShares NASDAQ 100PairCorr
  0.94FBTC Fidelity AdvantagePairCorr
  0.94BTCQ 3iQ Bitcoin ETFPairCorr
  0.94EBIT Bitcoin ETF CADPairCorr
  0.93BTCC Purpose Bitcoin CADPairCorr
  0.82CBCX CI Galaxy BlockchainPairCorr
  0.94BTCY Purpose Bitcoin YieldPairCorr
  0.95ETC Evolve CryptocurrenciesPairCorr
  0.72CLML CI Global ClimatePairCorr
  0.94QQCL Global X EnhancedPairCorr
  0.86ZIC BMO Mid TermPairCorr
  0.99SITU Scotia Equity IndexPairCorr
  0.82PFAE Picton Mahoney FortifiedPairCorr
  0.78QCLN First Trust NasdaqPairCorr
  0.78TERM Manulife Smart ShortPairCorr
  0.94ZGRO-T BMO Growth ETFPairCorr
  0.83ZUAG BMO Aggregate BondPairCorr
  0.8XFR iShares Floating RatePairCorr
  0.66DXP Dynamic Active PreferredPairCorr
  0.7HRED BetaPro Equal WeightPairCorr
  0.72MCSB Mackenzie Canadian ShortPairCorr
  0.92FEQT Fidelity All inPairCorr
  0.94ZNQ BMO NASDAQ 100PairCorr
  0.85LEAD Evolve Future LeadershipPairCorr
  0.79TBCF TD Target 2026PairCorr
  0.97ESGG BMO MSCI GlobalPairCorr
  0.92CEW iShares Equal WeightPairCorr
  0.81MNY Purpose Cash ManagementPairCorr
  0.9HERO Evolve E GamingPairCorr

Moving against IShares Etf

  0.62HGU BetaPro Canadian GoldPairCorr

Related Correlations Analysis

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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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Core 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.

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