IShares European Correlations

IPRP Etf

CHF 29.91 0.21 0.71%

The current 90-days correlation between iShares European Property and Global X CleanTech is 0.05 (i.e., Significant diversification). The correlation of IShares European 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 European Correlation With Market

Very weak diversification

The correlation between iShares European Property and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares European Property and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares European 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 European 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 European - 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 European Property to buy it.

Moving together with IShares Etf

0.89	EURE	SPDR FTSE EPRA	Pair Corr
0.82	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.86	CSNKY	iShares VII PLC	Pair Corr
0.81	EIMI	iShares Core MSCI	Pair Corr
0.74	MSE	Amundi EURO STOXX	Pair Corr
0.92	IUSP	iShares Property Yield	Pair Corr
0.76	IAEX	iShares AEX UCITS	Pair Corr
0.64	IDP6	iShares SP SmallCap	Pair Corr
0.76	USMUFE	UBS ETF plc	Pair Corr
0.77	CBMDAX	Amundi Index Solutions	Pair Corr
0.61	SXLV	SPDR SP Health	Pair Corr
0.73	GGMUSY	UBS ETF plc	Pair Corr
0.87	AUHEUA	UBS ETF plc	Pair Corr
0.78	EMUSD	UBSFund Solutions MSCI	Pair Corr
0.74	USVUSY	UBS ETF plc	Pair Corr
0.82	HMAF	HSBC MSCI AC	Pair Corr
0.73	XDEQ	Xtrackers MSCI World	Pair Corr
0.71	INRG	iShares Global Clean	Pair Corr
0.84	IH2O	iShares Global Water	Pair Corr
0.92	IWDP	iShares Developed Markets	Pair Corr
0.72	RGLDS	Raiffeisen ETF Solid	Pair Corr
0.71	CCXAE	UBS Fund Solutions	Pair Corr
0.89	ESGEMD	UBSFund Solutions	Pair Corr
0.86	UT1US	UBSFund Solutions	Pair Corr
0.72	AUUSI	UBS ETF Gold	Pair Corr
0.8	HMJP	HSBC MSCI JAPAN	Pair Corr
0.84	WCOS	SPDR MSCI World	Pair Corr

Moving against IShares Etf

0.51	IEAC	iShares Core Corp	Pair Corr
0.5	VUSA	Vanguard SP 500	Pair Corr

Related Correlations Analysis

	IAT1	TDIV	JPSA	RS2U	HIEM	IJPN	TDXPEX	CTEK
IAT1		0.9	0.92	0.83	0.9	0.88	0.65	0.62	IAT1
TDIV	0.9		0.95	0.72	0.93	0.95	0.47	0.38	TDIV
JPSA	0.92	0.95		0.81	0.96	0.91	0.54	0.53	JPSA
RS2U	0.83	0.72	0.81		0.79	0.78	0.63	0.82	RS2U
HIEM	0.9	0.93	0.96	0.79		0.9	0.57	0.59	HIEM
IJPN	0.88	0.95	0.91	0.78	0.9		0.53	0.46	IJPN
TDXPEX	0.65	0.47	0.54	0.63	0.57	0.53		0.55	TDXPEX
CTEK	0.62	0.38	0.53	0.82	0.59	0.46	0.55		CTEK
	IAT1	TDIV	JPSA	RS2U	HIEM	IJPN	TDXPEX	CTEK

IShares European Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares European 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 European'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
IAT1	0.12	0.01	(0.04)	0.39	0.14	(0.20)	0.33	(0.17)	1.41
TDIV	0.48	0.12	0.13	0.90	0.48	(0.52)	1.31	(0.79)	2.59
JPSA	0.03	0.01	(0.43)	(0.55)	0.00	(0.04)	0.10	(0.08)	0.24
RS2U	0.76	0.10	0.08	0.46	0.76	(0.87)	1.68	(1.49)	3.93
HIEM	1.12	0.36	0.12	0.78	1.88	(1.24)	2.90	(1.67)	14.44
IJPN	0.85	0.16	0.10	0.46	1.06	(1.11)	2.21	(1.71)	8.08
TDXPEX	0.69	0.08	0.04	0.31	0.97	(0.79)	1.68	(2.11)	4.92
CTEK	1.46	0.10	0.04	0.24	1.75	(1.69)	3.07	(3.05)	9.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares European 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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