IShares Edge Correlations

IVLU Etf

USD 36.22 0.14 0.39%

The current 90-days correlation between iShares Edge MSCI and iShares Russell Top is 0.71 (i.e., Poor 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

Poor diversification

The correlation between iShares Edge MSCI and DJI is 0.69 (i.e., 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 inflation.

Moving together with IShares Etf

0.97	EFV	iShares MSCI EAFE	Pair Corr
0.94	FNDF	Schwab Fundamental	Pair Corr
0.98	VYMI	Vanguard International	Pair Corr
0.88	IDV	iShares International	Pair Corr
0.97	DFIV	Dimensional International	Pair Corr
0.87	RODM	Hartford Multifactor	Pair Corr
0.94	PXF	Invesco FTSE RAFI	Pair Corr
0.88	PID	Invesco International	Pair Corr
0.62	SHLD	Global X Defense	Pair Corr
0.86	SWP	SWP Growth Income	Pair Corr
0.79	DUKH	Ocean Park High	Pair Corr
0.81	WINN	Harbor Long Term	Pair Corr
0.78	UMMA	Wahed Dow Jones	Pair Corr
0.86	GAEM	Simplify Exchange Traded	Pair Corr
0.85	LEGR	First Trust Indxx	Pair Corr
0.74	AVEE	American Century ETF	Pair Corr
0.61	GLTR	abrdn Physical Precious	Pair Corr
0.84	EMLC	VanEck JP Morgan	Pair Corr
0.76	FLSP	Franklin Liberty Sys	Pair Corr
0.71	UCC	ProShares Ultra Consumer	Pair Corr
0.75	QMOM	Alpha Architect Quan	Pair Corr
0.81	BME	BlackRock Health Sciences	Pair Corr
0.78	ISRA	VanEck Israel ETF	Pair Corr
0.89	MFEM	PIMCO RAFI Dynamic	Pair Corr
0.84	RDVI	FT Cboe Vest	Pair Corr
0.85	ITOT	iShares Core SP	Pair Corr
0.73	MGOV	First Trust Exchange	Pair Corr
0.77	KARS	KraneShares Electric	Pair Corr
0.76	SMH	VanEck Semiconductor ETF	Pair Corr
0.69	INDE	Matthews International	Pair Corr
0.68	DWAS	Invesco DWA SmallCap	Pair Corr
0.86	JUNP	PGIM Large Cap	Pair Corr
0.84	FLJH	Franklin FTSE Japan	Pair Corr

Moving against IShares Etf

0.79

FNGD

MicroSectors FANG Index

Pair Corr

Related Correlations Analysis

	IWX	INTF	SMLF	IYY	IFRA	EWU	IYH	EPI	SPGP	IMTM
IWX		0.91	0.87	0.96	0.86	0.86	0.9	0.6	0.75	0.79	IWX
INTF	0.91		0.79	0.9	0.81	0.92	0.86	0.66	0.7	0.9	INTF
SMLF	0.87	0.79		0.82	0.72	0.68	0.67	0.35	0.89	0.74	SMLF
IYY	0.96	0.9	0.82		0.83	0.83	0.84	0.61	0.65	0.82	IYY
IFRA	0.86	0.81	0.72	0.83		0.77	0.81	0.52	0.72	0.66	IFRA
EWU	0.86	0.92	0.68	0.83	0.77		0.91	0.62	0.6	0.8	EWU
IYH	0.9	0.86	0.67	0.84	0.81	0.91		0.62	0.6	0.69	IYH
EPI	0.6	0.66	0.35	0.61	0.52	0.62	0.62		0.18	0.43	EPI
SPGP	0.75	0.7	0.89	0.65	0.72	0.6	0.6	0.18		0.63	SPGP
IMTM	0.79	0.9	0.74	0.82	0.66	0.8	0.69	0.43	0.63		IMTM
	IWX	INTF	SMLF	IYY	IFRA	EWU	IYH	EPI	SPGP	IMTM

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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
IWX	0.40	0.01	(0.02)	0.10	0.35	(0.44)	0.93	(0.58)	3.20
INTF	0.51	(0.01)	(0.04)	0.08	0.61	(0.55)	1.04	(1.04)	3.41
SMLF	0.84	(0.04)	0.01	0.07	0.91	(0.87)	1.96	(1.36)	6.26
IYY	0.51	0.00	(0.01)	0.09	0.62	(0.54)	1.16	(0.96)	4.25
IFRA	0.69	(0.05)	(0.06)	0.04	0.67	(0.81)	1.49	(1.25)	3.93
EWU	0.49	0.03	(0.03)	0.15	0.42	(0.57)	1.07	(0.81)	2.75
IYH	0.55	0.12	0.11	0.27	0.43	(0.56)	1.69	(1.19)	4.69
EPI	0.56	0.03	(0.09)	0.49	0.64	(0.56)	1.08	(0.90)	3.36
SPGP	0.63	(0.07)	(0.05)	0.04	0.77	(0.65)	1.34	(1.10)	5.47
IMTM	0.50	(0.02)	(0.07)	0.07	0.56	(0.53)	1.09	(1.03)	2.71

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