| IBTJ Etf | | | USD 21.79 0.05 0.23% |
The current 90-days correlation between iShares iBonds Dec and iShares iBonds Dec is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares IBonds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares iBonds Dec moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
IShares IBonds Correlation With Market
Good diversification
The correlation between iShares iBonds Dec and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares iBonds Dec and DJI in the same portfolio, assuming nothing else is changed.
Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares iBonds Dec. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in estimate.