IShares Core Correlations

IAGG Etf

USD 51.52 0.06 0.12%

The current 90-days correlation between iShares Core Interna and iShares 10 20 Year is 0.77 (i.e., Poor 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 International and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Core International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

0.95	BNDW	Vanguard Total World	Pair Corr
0.72	JPIB	JPMorgan International	Pair Corr
0.82	BGRN	iShares USD Green	Pair Corr
0.93	FLIA	Franklin Liberty Int	Pair Corr
0.84	GGOV	BlackRock ETF Trust	Pair Corr
0.63	GSST	Goldman Sachs Access	Pair Corr
0.82	JHMU	John Hancock Exchange	Pair Corr
0.87	ALLW	SPDR Bridgewater All	Pair Corr
0.69	YEAR	AB Ultra Short	Pair Corr
0.69	QCLN	First Trust NASDAQ	Pair Corr
0.66	AIOO	AIM ETF Products	Pair Corr
0.63	SMH	VanEck Semiconductor ETF	Pair Corr
0.73	FLAX	Franklin FTSE Asia	Pair Corr

Moving against IShares Etf

0.54	FNGD	MicroSectors FANG Index	Pair Corr
0.45	GSX	Tradr 2X Long	Pair Corr
0.36	SHLD	Global X Defense	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.65	0.66	-0.71	0.7	-0.76	0.3	-0.07	-0.67	-0.67	META
MSFT	0.65		0.76	-0.36	0.19	-0.3	0.41	0.0	-0.66	-0.51	MSFT
UBER	0.66	0.76		-0.58	0.41	-0.64	0.35	0.27	-0.8	-0.53	UBER
F	-0.71	-0.36	-0.58		-0.74	0.79	0.08	0.12	0.67	0.72	F
T	0.7	0.19	0.41	-0.74		-0.85	-0.2	0.03	-0.52	-0.48	T
A	-0.76	-0.3	-0.64	0.79	-0.85		-0.12	-0.16	0.71	0.47	A
CRM	0.3	0.41	0.35	0.08	-0.2	-0.12		0.05	-0.29	-0.11	CRM
JPM	-0.07	0.0	0.27	0.12	0.03	-0.16	0.05		-0.05	0.2	JPM
MRK	-0.67	-0.66	-0.8	0.67	-0.52	0.71	-0.29	-0.05		0.6	MRK
XOM	-0.67	-0.51	-0.53	0.72	-0.48	0.47	-0.11	0.2	0.6		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

A	+ 0.79	F
UBER	+ 0.76	MSFT
XOM	+ 0.72	F
MRK	+ 0.71	A
T	+ 0.7	META
MRK	+ 0.67	F

High negative correlations

A	- 0.85	T
MRK	- 0.8	UBER
A	- 0.76	META
T	- 0.74	F
F	- 0.71	META
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	(0.24)	0.00	(2.60)	0.00	0.00	2.26	(2.72)	13.52
MSFT	0.95	(0.11)	0.00	(0.09)	0.00	0.00	1.85	(2.50)	5.08
UBER	1.57	(0.13)	0.00	0.37	0.00	0.00	3.34	(4.99)	10.91
F	1.50	0.16	0.11	0.20	1.66	(1.72)	3.38	(2.35)	16.30
T	0.95	(0.26)	0.00	2.53	0.00	0.00	1.61	(2.18)	5.75
A	1.30	0.11	0.09	0.20	1.27	(1.44)	2.34	(2.21)	11.03
CRM	1.64	0.11	0.00	(0.34)	2.13	(1.60)	3.66	(3.30)	9.91
JPM	0.98	0.07	(0.02)	(4.16)	1.44	(0.93)	1.77	(1.91)	7.02
MRK	1.40	0.22	0.11	1.10	1.18	(1.83)	4.84	(2.60)	11.45
XOM	0.93	0.09	0.03	0.36	0.89	(0.98)	1.96	(1.41)	4.63

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