IShares Treasury Correlations

IDTL Etf

3.38 0.02 0.59%

The current 90-days correlation between iShares Treasury Bond and Leverage Shares 2x is -0.43 (i.e., Very good diversification). The correlation of IShares Treasury 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Treasury Correlation With Market

Very good diversification

The correlation between iShares Treasury Bond and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Treasury Bond and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Treasury could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Treasury when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Treasury - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Treasury Bond to buy it.

Moving together with IShares Etf

0.74	3ULS	WisdomTree SP 500	Pair Corr
0.66	3SPE	GraniteShares 3x Short	Pair Corr

Moving against IShares Etf

0.94	INFU	Lyxor 10Y Inflation	Pair Corr
0.91	NVD2	Leverage Shares 2x	Pair Corr
0.9	FANE	GraniteShares FAANG ETC	Pair Corr
0.88	3FNE	GraniteShares 3x Long	Pair Corr
0.85	SMT	Scottish Mortgage	Pair Corr
0.84	3PYE	Leverage Shares 3x	Pair Corr
0.84	FTNE	GraniteShares FATANG ETC	Pair Corr
0.77	3PLT	Leverage Shares 3x	Pair Corr
0.5	3LSI	WisdomTree Silver	Pair Corr

Related Correlations Analysis

	NVD2	3LSI	AAP2	3ULS	INFU	COCO	2MSF	QQQ3	LQQ3	MSF2
NVD2		0.52	0.32	-0.81	0.88	0.15	0.17	0.9	0.93	-0.09	NVD2
3LSI	0.52		0.48	-0.55	0.56	-0.23	0.38	0.48	0.44	0.3	3LSI
AAP2	0.32	0.48		-0.37	0.24	-0.02	0.24	0.33	0.28	0.24	AAP2
3ULS	-0.81	-0.55	-0.37		-0.86	-0.23	-0.38	-0.95	-0.92	-0.21	3ULS
INFU	0.88	0.56	0.24	-0.86		0.11	0.06	0.85	0.88	-0.18	INFU
COCO	0.15	-0.23	-0.02	-0.23	0.11		0.19	0.23	0.25	0.11	COCO
2MSF	0.17	0.38	0.24	-0.38	0.06	0.19		0.36	0.3	0.94	2MSF
QQQ3	0.9	0.48	0.33	-0.95	0.85	0.23	0.36		0.99	0.15	QQQ3
LQQ3	0.93	0.44	0.28	-0.92	0.88	0.25	0.3	0.99		0.06	LQQ3
MSF2	-0.09	0.3	0.24	-0.21	-0.18	0.11	0.94	0.15	0.06		MSF2
	NVD2	3LSI	AAP2	3ULS	INFU	COCO	2MSF	QQQ3	LQQ3	MSF2

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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

LQQ3	+ 0.99	QQQ3
MSF2	+ 0.94	2MSF
LQQ3	+ 0.93	NVD2
QQQ3	+ 0.9	NVD2
INFU	+ 0.88	NVD2
LQQ3	+ 0.88	INFU

High negative correlations

QQQ3	- 0.95	3ULS
LQQ3	- 0.92	3ULS
INFU	- 0.86	3ULS
3ULS	- 0.81	NVD2
3ULS	- 0.55	3LSI
2MSF	- 0.38	3ULS

IShares Treasury Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Treasury 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 Treasury'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
NVD2	4.13	0.21	0.06	0.18	5.33	(4.09)	8.22	(7.48)	26.09
3LSI	4.17	0.28	0.03	(0.72)	5.75	(3.98)	9.27	(9.50)	25.70
AAP2	1.93	(0.05)	0.00	(0.05)	0.00	0.00	4.09	(4.59)	12.80
3ULS	1.74	0.02	0.00	0.08	0.00	0.00	3.75	(4.09)	13.06
INFU	0.15	0.03	(0.21)	0.34	0.00	(0.17)	0.41	(0.34)	1.09
COCO	2.36	0.24	0.06	1.25	2.80	(2.70)	5.61	(5.00)	14.79
2MSF	1.85	(0.12)	0.00	(0.05)	0.00	0.00	3.95	(2.86)	17.61
QQQ3	2.29	(0.05)	0.01	0.06	3.12	(2.36)	5.41	(5.59)	17.97
LQQ3	2.18	(0.01)	0.03	0.08	3.01	(2.12)	4.60	(5.93)	16.46
MSF2	1.92	(0.16)	0.00	(0.09)	0.00	0.00	4.73	(3.14)	18.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Treasury without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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