IShares Trust Correlations

ITDD Etf

USD 35.67 0.27 0.75%

The current 90-days correlation between iShares Trust and iShares Trust is 0.99 (i.e., No risk reduction). The correlation of IShares Trust 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 Trust Correlation With Market

Very poor diversification

The correlation between iShares Trust and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust 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 Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

For information on how to trade IShares Etf refer to our How to Trade IShares Etf guide.

Moving together with IShares Etf

0.97	TOT	Advisor Managed Port	Pair Corr
0.76	FB	ProShares Trust ProShares	Pair Corr
0.85	SWP	SWP Growth Income	Pair Corr
0.82	MVAL	VanEck Morningstar Wide	Pair Corr
0.75	DBJP	Xtrackers MSCI Japan	Pair Corr
0.66	RSF	RiverNorth Specialty	Pair Corr
0.95	QQQI	NEOS Nasdaq 100	Pair Corr
0.65	UXI	ProShares Ultra Indu	Pair Corr
0.9	CHPY	YieldMax Semiconductor	Pair Corr
0.99	AOR	iShares Core Growth	Pair Corr
0.74	DBMF	iMGP DBi Managed	Pair Corr
0.65	RSPN	Invesco SP 500	Pair Corr
0.73	EELV	Invesco SP Emerging	Pair Corr
0.65	QVAL	Alpha Architect Quan	Pair Corr
0.9	DJAN	First Trust Exchange	Pair Corr
0.84	EURL	Direxion Daily FTSE	Pair Corr
0.86	IWX	iShares Russell Top	Pair Corr
0.8	QTEC	First Trust NASDAQ	Pair Corr
0.62	BSMW	Invesco BulletShares 2032	Pair Corr
0.96	FAUG	FT Cboe Vest	Pair Corr
0.76	HIYS	Invesco High Yield	Pair Corr
0.84	JHEM	John Hancock Multifactor	Pair Corr
0.61	GLD	SPDR Gold Shares	Pair Corr
0.92	MODRX	WisdomTree Siegel	Pair Corr
0.92	FVAL	Fidelity Value Factor	Pair Corr
0.63	JPIE	JP Morgan Exchange	Pair Corr
0.64	RZV	Invesco SP SmallCap	Pair Corr
0.93	HEQQ	JPMorgan Nasdaq Hedged	Pair Corr

Moving against IShares Etf

0.83

FNGD

MicroSectors FANG Index

Pair Corr

Related Correlations Analysis

	ITDC	IRTR	ITDG	ARP	AHLT	SURE	HRTS	QVOY	OCTT	ITDH
ITDC		0.98	0.99	0.88	0.82	0.57	0.6	0.71	0.96	0.98	ITDC
IRTR	0.98		0.95	0.89	0.84	0.49	0.63	0.68	0.91	0.94	IRTR
ITDG	0.99	0.95		0.84	0.77	0.62	0.54	0.73	0.97	1.0	ITDG
ARP	0.88	0.89	0.84		0.97	0.39	0.78	0.61	0.84	0.84	ARP
AHLT	0.82	0.84	0.77	0.97		0.32	0.79	0.61	0.78	0.77	AHLT
SURE	0.57	0.49	0.62	0.39	0.32		0.31	0.32	0.62	0.62	SURE
HRTS	0.6	0.63	0.54	0.78	0.79	0.31		0.1	0.6	0.54	HRTS
QVOY	0.71	0.68	0.73	0.61	0.61	0.32	0.1		0.65	0.72	QVOY
OCTT	0.96	0.91	0.97	0.84	0.78	0.62	0.6	0.65		0.97	OCTT
ITDH	0.98	0.94	1.0	0.84	0.77	0.62	0.54	0.72	0.97		ITDH
	ITDC	IRTR	ITDG	ARP	AHLT	SURE	HRTS	QVOY	OCTT	ITDH

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IShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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
ITDC	0.35	(0.02)	(0.08)	0.04	0.48	(0.34)	0.76	(0.76)	2.14
IRTR	0.24	(0.01)	(0.17)	0.03	0.28	(0.25)	0.49	(0.49)	1.40
ITDG	0.54	(0.01)	(0.03)	0.05	0.84	(0.50)	1.05	(1.24)	3.17
ARP	0.53	0.05	0.02	0.14	0.66	(0.53)	1.56	(1.25)	4.24
AHLT	0.91	0.09	0.07	0.15	1.09	(0.95)	1.65	(1.60)	6.65
SURE	0.60	(0.01)	(0.03)	0.05	0.69	(0.61)	1.77	(1.31)	3.38
HRTS	0.73	0.17	0.20	0.31	0.41	(0.85)	1.96	(1.21)	4.31
QVOY	0.80	(0.02)	(0.02)	0.05	1.08	(0.79)	1.52	(2.07)	5.07
OCTT	0.32	0.00	(0.06)	0.06	0.46	(0.31)	0.66	(0.65)	2.02
ITDH	0.54	(0.01)	(0.03)	0.05	0.75	(0.50)	1.08	(1.24)	3.04

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