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.
Moving together with IShares Etf
1.0 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
0.91 | BIV | Vanguard Intermediate | PairCorr |
1.0 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
1.0 | EAGG | iShares ESG Aggregate | PairCorr |
0.91 | FLCB | Franklin Templeton ETF | PairCorr |
0.91 | UITB | VictoryShares USAA Core | PairCorr |
0.97 | DFCF | Dimensional ETF Trust | PairCorr |
0.88 | JAGG | JPMorgan BetaBuilders | PairCorr |
0.83 | AGGY | WisdomTree Yield Enhanced | PairCorr |
0.61 | DFEN | Direxion Daily Aerospace | PairCorr |
0.68 | XME | SPDR SP Metals | PairCorr |
0.62 | VEU | Vanguard FTSE All | PairCorr |
0.81 | VABS | Virtus Newfleet ABSMBS | PairCorr |
0.63 | VNQ | Vanguard Real Estate | PairCorr |
0.67 | HCOW | Amplify Cash Flow | PairCorr |
0.75 | JPST | JPMorgan Ultra Short | PairCorr |
0.63 | DIVB | iShares Dividend | PairCorr |
0.64 | DISV | Dimensional ETF Trust Low Volatility | PairCorr |
0.64 | IWD | iShares Russell 1000 | PairCorr |
0.65 | SOXX | iShares Semiconductor ETF Potential Growth | PairCorr |
0.63 | VTWO | Vanguard Russell 2000 | PairCorr |
0.64 | IEMG | iShares Core MSCI | PairCorr |
0.62 | PJAN | Innovator SP 500 | PairCorr |
Moving against IShares Etf
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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 |