IShares Russell Correlations

IWD Etf

USD 185.05 0.04 0.02%

The current 90-days correlation between iShares Russell 1000 and iShares Russell 1000 is 0.9 (i.e., Almost no diversification). The correlation of IShares Russell 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 Russell Correlation With Market

Almost no diversification

The correlation between iShares Russell 1000 and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Russell 1000 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 Russell 1000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

0.97	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.97	VYM	Vanguard High Dividend Sell-off Trend	Pair Corr
0.99	DGRO	iShares Core Dividend	Pair Corr
0.99	IVE	iShares SP 500	Pair Corr
0.98	DVY	iShares Select Dividend	Pair Corr
0.99	SPYV	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.91	FVD	First Trust Value	Pair Corr
0.99	IUSV	iShares Core SP Sell-off Trend	Pair Corr
0.91	NOBL	ProShares SP 500	Pair Corr
0.61	NRGU	Bank of Montreal	Pair Corr
0.79	FNGO	MicroSectors FANG Index	Pair Corr
0.83	USD	ProShares Ultra Semi	Pair Corr
0.76	FNGS	MicroSectors FANG ETN	Pair Corr
0.8	FNGG	Direxion Daily Select	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.87	IBM	International Business	Pair Corr
0.76	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.76	PFE	Pfizer Inc	Pair Corr
0.87	BAC	Bank of America Aggressive Push	Pair Corr
0.94	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.71	HD	Home Depot Earnings Call This Week	Pair Corr
0.89	DIS	Walt Disney Aggressive Push	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr

Moving against IShares Etf

0.64	SGOV	iShares 0 3	Pair Corr
0.53	DGP	DB Gold Double	Pair Corr

Related Correlations Analysis

	IWF	IWN	IWO	IWS	IWB
IWF		0.95	0.93	0.91	0.99	IWF
IWN	0.95		0.91	0.92	0.97	IWN
IWO	0.93	0.91		0.96	0.94	IWO
IWS	0.91	0.92	0.96		0.95	IWS
IWB	0.99	0.97	0.94	0.95		IWB
	IWF	IWN	IWO	IWS	IWB

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IShares Russell Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Russell 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 Russell'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IWF	1.51	0.04	(0.09)	2.54	(3.86)	15.48
IWN	1.19	(0.05)	(0.18)	2.12	(2.55)	11.66
IWO	1.55	(0.04)	(0.16)	2.62	(3.60)	13.57
IWS	1.16	0.05	(0.07)	1.88	(2.08)	11.31
IWB	1.23	0.04	(0.09)	2.11	(2.74)	12.89

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