iShares Global Tech ETF Market Value
| IXN ETF | USD 120.64 3.32 2.83% |
| Symbol | IShares |
IShares Global's market price and NAV each provide useful but distinct information about the fund. Assessment of IShares Global considers how efficiently the fund delivers its target exposure relative to its cost.
IShares Global NAV depends on underlying asset values, while price depends on secondary market activity. The actual IShares Global transaction price is determined by real-time order flow on the exchange.
What-If Analysis
Backtesting a what-if scenario on iShares Global Tech shows how the etf may have behaved if the position had been entered, held, or resized under different historical assumptions. In practice, this review provides context for deciding whether IShares Global's historical reward profile was stable enough to support the current thesis.
| 01/24/2026 |
| 04/24/2026 |
Opening a 0.00 position in IShares Global on January 24, 2026 and holding to today would produce 0.00 in net return. The outcome is a 0.0% return on investment in IShares Global in aggregate over the 90 day interval. IShares Global has comparable peers such as IShares SAMPP, IShares SAMPP, IShares Biotechnology, IShares SAMPP, IShares MSCI, VANGUARD INDUSTRIALS, and IShares Global. The index measures the performance of all members of the SP Global 1200 that are classified within the GICS information ... More
Momentum Range Indicators for IShares Global Summary
Momentum range indicators for IShares Global reflect the balance between upside and downside price pressure. The readings reflect recent momentum relative to observed price ranges.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.1085 | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | -2.38 | |||
| Potential Upside | 2.62 |
Volatility and Risk Indicators for IShares Global Snapshot
Return variability and drawdown behavior for IShares Global are summarized through these risk indicators. The metrics rely on historical prices to describe variability over time.| Risk Adjusted Performance | 0.1112 | |||
| Jensen Alpha | 0.1849 | |||
| Total Risk Alpha | 0.1867 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | -1.91 |
Experienced market participants anticipate that IShares Global's price will even out over time. Periods when IShares Global's deviates significantly from its historical mean may warrant further fundamental analysis.
Technical Indicators
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| Risk Adjusted Performance | 0.1112 | |||
| Market Risk Adjusted Performance | -1.90 | |||
| Mean Deviation | 1.36 | |||
| Semi Deviation | 1.51 | |||
| Downside Deviation | 1.72 | |||
| Coefficient Of Variation | 878.67 | |||
| Standard Deviation | 1.71 | |||
| Variance | 2.94 | |||
| Information Ratio | 0.1085 | |||
| Jensen Alpha | 0.1849 | |||
| Total Risk Alpha | 0.1867 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | -1.91 | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | -2.38 | |||
| Potential Upside | 2.62 | |||
| Downside Variance | 2.97 | |||
| Semi Variance | 2.29 | |||
| Expected Short fall | -1.40 | |||
| Skewness | 0.1873 | |||
| Kurtosis | -0.09 |
iShares Global Tech Backtested Returns
IShares Global appears to exhibit a very low volatility profile over the selected 3 months investment horizon. It has a Sharpe Ratio of 0.0846, which indicates that 0.0846 units of return per unit of risk over the last 3 months. We identified twenty-nine technical indicators supporting this volatility profile. Please review metrics such as risk-adjusted performance of 0.1112, downside deviation of 1.72, and market risk-adjusted performance of -1.90 to confirm whether our risk estimates align with your expectations. The ETF owns a Beta (Market Risk) of -0.097, which means very low measured sensitivity to broad market movements. As returns on the market increase, returns on IShares Global tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, IShares Global tends to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
The autocorrelation profile for iShares Global Tech registers insignificant reverse predictability between the two measured intervals. When lagged price patterns show consistency, they can serve as a partial input for modeling iShares Global Tech's near-term price behavior. A serial correlation of -0.18 indicates that over 18.0% of current IShares Global price fluctuations can be explained by its historical price movements. Given that iShares Global Tech has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 35.2 |
Pair Trading with IShares Global
A pair-trading setup around IShares Global shifts the return benchmark from the broad market to a second position, altering the risk profile. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
Moving together with IShares ETF
Pair CorrelationCorrelation Matching
| 0.91 | VGT | Vanguard Information | PairCorr |
| 0.97 | XLK | Technology Select Sector Aggressive Push | PairCorr |
| 0.9 | IYW | iShares Technology ETF | PairCorr |
| 0.86 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.85 | SOXX | iShares Semiconductor ETF | PairCorr |
Finding closely correlated positions to IShares Global provides context for tax-loss harvesting analysis. Selling iShares Global Tech at a loss and repurchasing it immediately would violate IRS wash-sale rules.
The correlation of IShares Global is a statistical measure of how it moves in relation to other instruments. Values near +1 indicate near-identical movement to iShares Global Tech, while values near -1 suggest inverse movement.
The Correlation analysis framework supports pair trading and hedging evaluation for IShares Global.