IShares Edge Correlations

IVLU Etf

USD 32.47 0.34 1.06%

The current 90-days correlation between iShares Edge MSCI and iShares MSCI Intl is 0.95 (i.e., Almost no diversification). The correlation of IShares Edge 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 Edge Correlation With Market

Very poor diversification

The correlation between iShares Edge MSCI and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Edge MSCI 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 Edge MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IShares Etf

0.99	EFV	iShares MSCI EAFE	Pair Corr
0.99	FNDF	Schwab Fundamental	Pair Corr
0.98	VYMI	Vanguard International	Pair Corr
0.89	IDV	iShares International Low Volatility	Pair Corr
0.99	DFIV	Dimensional International	Pair Corr
0.94	RODM	Hartford Multifactor	Pair Corr
0.99	PXF	Invesco FTSE RAFI	Pair Corr
0.92	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.89	PID	Invesco International	Pair Corr
0.93	CORO	iShares International	Pair Corr
0.94	DLS	WisdomTree International	Pair Corr
0.88	CSHI	SHP ETF Trust	Pair Corr
0.76	AQWA	Global X Clean	Pair Corr
0.66	STEW	SRH Total Return	Pair Corr
0.97	AVNV	American Century ETF	Pair Corr
0.92	IQLT	iShares MSCI Intl	Pair Corr
0.66	EWZS	iShares MSCI Brazil	Pair Corr
0.93	UIVM	VictoryShares International	Pair Corr
0.95	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.8	GREK	Global X MSCI	Pair Corr
0.98	SEIE	SEI Select International	Pair Corr
0.88	MOO	VanEck Agribusiness ETF	Pair Corr
0.64	SDFI	AB Active ETFs,	Pair Corr
0.78	XCNY	SPDR SP Emerging	Pair Corr
0.94	FDTS	First Trust Developed	Pair Corr

Moving against IShares Etf

0.64

WTID

UBS ETRACS

Pair Corr

Related Correlations Analysis

	IMTM	IQLT	EMGF	INTF	ISCF
IMTM		0.97	0.82	0.97	0.98	IMTM
IQLT	0.97		0.9	0.99	0.97	IQLT
EMGF	0.82	0.9		0.88	0.84	EMGF
INTF	0.97	0.99	0.88		0.98	INTF
ISCF	0.98	0.97	0.84	0.98		ISCF
	IMTM	IQLT	EMGF	INTF	ISCF

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IShares Edge Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Edge 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 Edge'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
IMTM	1.03	0.17	0.10	0.16	1.55	(1.05)	2.16	(2.08)	9.28
IQLT	0.89	0.14	0.10	0.13	1.32	(0.95)	1.78	(1.66)	9.23
EMGF	1.04	0.13	0.09	0.13	1.47	(1.08)	2.64	(1.93)	8.17
INTF	0.99	0.18	0.12	0.17	1.45	(1.10)	2.32	(2.08)	10.09
ISCF	0.92	0.19	0.12	0.20	1.39	(0.91)	1.96	(1.98)	9.34

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