IShares Core Correlations

AGG Etf  USD 98.29  0.06  0.06%   
The current 90-days correlation between iShares Core Aggregate and iShares MSCI EAFE is 0.3 (i.e., Weak diversification). The correlation of IShares Core 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.

IShares Core Correlation With Market

Modest diversification

The correlation between iShares Core Aggregate and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core Aggregate and DJI in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares Core Aggregate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with IShares Etf

  1.0BND Vanguard Total Bond Sell-off TrendPairCorr
  0.91BIV Vanguard IntermediatePairCorr
  1.0SPAB SPDR Portfolio Aggregate Sell-off TrendPairCorr
  1.0EAGG iShares ESG AggregatePairCorr
  0.91FLCB Franklin Templeton ETFPairCorr
  0.91UITB VictoryShares USAA CorePairCorr
  0.97DFCF Dimensional ETF TrustPairCorr
  0.88JAGG JPMorgan BetaBuildersPairCorr
  0.83AGGY WisdomTree Yield EnhancedPairCorr
  0.61DFEN Direxion Daily AerospacePairCorr
  0.68XME SPDR SP MetalsPairCorr
  0.62VEU Vanguard FTSE AllPairCorr
  0.81VABS Virtus Newfleet ABSMBSPairCorr
  0.63VNQ Vanguard Real EstatePairCorr
  0.67HCOW Amplify Cash FlowPairCorr
  0.75JPST JPMorgan Ultra ShortPairCorr
  0.63DIVB iShares DividendPairCorr
  0.64DISV Dimensional ETF Trust Low VolatilityPairCorr
  0.64IWD iShares Russell 1000PairCorr
  0.65SOXX iShares Semiconductor ETF Potential GrowthPairCorr
  0.63VTWO Vanguard Russell 2000PairCorr
  0.64IEMG iShares Core MSCIPairCorr
  0.62PJAN Innovator SP 500PairCorr

Moving against IShares Etf

  0.69ARKC ARK 21Shares Active Low VolatilityPairCorr
  0.53WTID UBS ETRACSPairCorr

Related Correlations Analysis

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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   
MSFTMETA
JPMMSFT
JPMMETA
AMETA
JPMF
FUBER
  
High negative correlations   
MRKCRM
XOMCRM

IShares Core Competition 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.43  0.30  0.31  0.47  0.58 
 3.99 
 10.48 
MSFT  0.82  0.37  0.50  0.77  0.00 
 2.33 
 8.85 
UBER  1.56  0.10  0.07  0.33  1.35 
 4.19 
 10.87 
F  1.28  0.08  0.03  0.33  1.38 
 2.69 
 7.46 
T  0.97  0.04 (0.10) 0.41  1.16 
 2.35 
 5.71 
A  1.50 (0.13) 0.03  0.16  1.75 
 2.82 
 14.01 
CRM  1.30  0.25 (0.06)(0.23) 1.64 
 2.95 
 9.31 
JPM  0.87  0.17  0.16  0.41  0.47 
 2.25 
 6.03 
MRK  1.39 (0.13)(0.04) 0.12  1.85 
 2.90 
 10.58 
XOM  1.09  0.02 (0.09) 0.32  1.37 
 2.18 
 6.28