IShares 1 Correlations

ISHG Etf

USD 74.13 0.09 0.12%

The current 90-days correlation between iShares 1 3 and iShares International Treasury is 0.89 (i.e., Very poor diversification). The correlation of IShares 1 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 1 Correlation With Market

Good diversification

The correlation between iShares 1 3 Year and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 1 3 Year 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 1 3 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

0.97	IGOV	iShares International	Pair Corr
0.97	BWX	SPDR Bloomberg Inter	Pair Corr
0.89	WIP	SPDR FTSE International	Pair Corr
0.99	BWZ	SPDR Bloomberg Short	Pair Corr
0.98	PICB	Invesco International	Pair Corr
0.72	SPSK	SP Funds Dow	Pair Corr
0.94	IAU	iShares Gold Trust	Pair Corr
0.73	SCHY	Schwab International	Pair Corr
0.69	ISHFF	iShares IV Public	Pair Corr
0.86	STIP	iShares 0 5	Pair Corr
0.69	TYA	Simplify Exchange Traded	Pair Corr
0.69	UVIX	2x Long VIX	Pair Corr
0.63	IBTP	iShares iBonds Dec	Pair Corr

Moving against IShares Etf

0.82	EU	enCore Energy Corp	Pair Corr
0.53	PCY	Invesco Emerging Markets	Pair Corr

Related Correlations Analysis

	IGOV	BWZ	AGZ	GVI	GNMA
IGOV		0.97	0.7	0.71	0.34	IGOV
BWZ	0.97		0.78	0.8	0.47	BWZ
AGZ	0.7	0.78		0.99	0.82	AGZ
GVI	0.71	0.8	0.99		0.85	GVI
GNMA	0.34	0.47	0.82	0.85		GNMA
	IGOV	BWZ	AGZ	GVI	GNMA

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IShares 1 Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 1 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 1'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
IGOV	0.50	0.11	0.48	(2.06)	0.32	(0.59)	1.16	(0.82)	3.11
BWZ	0.45	0.11	0.62	(1.51)	0.07	(0.63)	1.06	(0.72)	2.53
AGZ	0.17	0.03	0.69	(1.23)	0.09	(0.20)	0.38	(0.25)	1.57
GVI	0.17	0.03	0.86	(1.97)	0.00	(0.19)	0.38	(0.28)	1.08
GNMA	0.31	0.03	0.40	(0.84)	0.31	(0.34)	0.70	(0.58)	2.03

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