IShares Core Correlations

AGG Etf

USD 100.03 0.11 0.11%

The current 90-days correlation between iShares Core Aggregate and iShares Russell 1000 is -0.05 (i.e., Good 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

Good diversification

The correlation between iShares Core Aggregate and DJI is -0.02 (i.e., Good 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.

Build AI portfolio with IShares Etf

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 various price indices.

Moving together with IShares Etf

1.0	BND	Vanguard Total Bond	Pair Corr
0.97	BIV	Vanguard Intermediate	Pair Corr
1.0	SPAB	SPDR Portfolio Aggregate	Pair Corr
1.0	EAGG	iShares ESG Aggregate	Pair Corr
0.99	FLCB	Franklin Templeton ETF	Pair Corr
0.99	UITB	VictoryShares USAA Core	Pair Corr
0.97	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.62	DRAI	Draco Evolution AI	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.66	KO	Coca Cola	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr

Moving against IShares Etf

0.65	VZ	Verizon Communications	Pair Corr
0.56	T	ATT Inc	Pair Corr
0.54	CVX	Chevron Corp	Pair Corr
0.42	PG	Procter Gamble	Pair Corr
0.34	BA	Boeing	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.45	0.58	-0.73	0.7	-0.75	0.33	-0.17	-0.63	-0.67	META
MSFT	0.45		0.77	-0.26	0.01	-0.25	0.56	0.05	-0.62	-0.35	MSFT
UBER	0.58	0.77		-0.52	0.32	-0.62	0.51	0.29	-0.78	-0.42	UBER
F	-0.73	-0.26	-0.52		-0.69	0.82	-0.07	0.18	0.63	0.69	F
T	0.7	0.01	0.32	-0.69		-0.84	-0.07	-0.09	-0.5	-0.51	T
A	-0.75	-0.25	-0.62	0.82	-0.84		-0.17	-0.05	0.72	0.51	A
CRM	0.33	0.56	0.51	-0.07	-0.07	-0.17		-0.02	-0.45	-0.31	CRM
JPM	-0.17	0.05	0.29	0.18	-0.09	-0.05	-0.02		-0.02	0.32	JPM
MRK	-0.63	-0.62	-0.78	0.63	-0.5	0.72	-0.45	-0.02		0.58	MRK
XOM	-0.67	-0.35	-0.42	0.69	-0.51	0.51	-0.31	0.32	0.58		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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

A	+ 0.82	F
UBER	+ 0.77	MSFT
MRK	+ 0.72	A
T	+ 0.7	META
XOM	+ 0.69	F
MRK	+ 0.63	F

High negative correlations

A	- 0.84	T
MRK	- 0.78	UBER
A	- 0.75	META
F	- 0.73	META
T	- 0.69	F
XOM	- 0.67	META

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	1.38	(0.17)	0.00	(0.62)	0.00	0.00	2.26	(2.72)	13.52
MSFT	0.92	(0.13)	0.00	(0.10)	0.00	0.00	1.85	(2.50)	5.08
UBER	1.49	(0.08)	(0.03)	0.00	2.12	(1.59)	3.55	(3.30)	10.91
F	1.49	0.19	0.07	1.65	1.66	(1.72)	3.38	(2.35)	16.30
T	0.97	(0.25)	0.00	(0.63)	0.00	0.00	1.82	(2.32)	6.23
A	1.28	0.22	0.09	(0.74)	1.27	(1.42)	2.34	(2.21)	11.03
CRM	1.65	0.03	0.02	0.09	2.12	(1.64)	3.66	(3.30)	9.91
JPM	0.94	(0.01)	(0.01)	0.06	1.30	(0.91)	1.69	(1.91)	5.76
MRK	1.38	0.23	0.16	0.34	1.13	(1.79)	4.84	(2.60)	11.45
XOM	0.94	0.05	0.00	0.42	1.04	(0.93)	1.78	(1.51)	4.63

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

2025 Macroaxis LLC