IShares Russell Correlations

Etfs . USA . 
Etf . iShares Russell 2000
IWM Etf  USD 208.13  1.35  0.65%   
The current 90-days correlation between iShares Russell 2000 and SPDR Dow Jones is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Russell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Russell 2000 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Russell Correlation With Market

Almost no diversification

The correlation between iShares Russell 2000 and DJI is 0.92 (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 2000 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 2000. 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

  0.95VB Vanguard Small CapPairCorr
  1.0IJR iShares Core SPPairCorr
  1.0VRTIX Vanguard Russell 2000PairCorr
  1.0VTWO Vanguard Russell 2000PairCorr
  1.0FNDA Schwab Fundamental SmallPairCorr
  1.0SPSM SPDR Portfolio SPPairCorr
  1.0DFAS Dimensional Small CapPairCorr
  1.0VIOO Vanguard SP SmallPairCorr
  1.0PRFZ Invesco FTSE RAFIPairCorr
  0.93FNGO MicroSectors FANG IndexPairCorr
  0.93USD ProShares Ultra SemiPairCorr
  0.88FNGS MicroSectors FANG ETNPairCorr
  0.92FNGG Direxion Daily SelectPairCorr
  0.68INTC IntelPairCorr
  0.72MMM 3M CompanyPairCorr
  0.85IBM International BusinessPairCorr
  0.87DIS Walt Disney Aggressive PushPairCorr
  0.88HD Home Depot Earnings Call This WeekPairCorr
  0.93AXP American Express Sell-off TrendPairCorr
  0.96BAC Bank of America Aggressive PushPairCorr
  0.71GE GE AerospacePairCorr

Moving against IShares Etf

  0.68SGOV iShares 0 3PairCorr
  0.57DGP DB Gold DoublePairCorr
  0.61KO Coca ColaPairCorr
  0.59VZ Verizon CommunicationsPairCorr
  0.47T ATT IncPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
XLF
+ 0.92
DIA
SPY
+ 0.92
DIA
SPY
+ 0.86
XLF
XLF
+ 0.77
EEM
EEM
+ 0.64
DIA
SPY
+ 0.64
EEM
  
High negative correlations   
TLT
- 0.05
EEM

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.

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