IShares Consumer Correlations

IYK Etf

USD 69.86 0.65 0.94%

The current 90-days correlation between iShares Consumer Staples and iShares Industrials ETF is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Consumer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Consumer Staples moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Consumer Correlation With Market

Very weak diversification

The correlation between iShares Consumer Staples and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Consumer Staples 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 Consumer Staples. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

0.88	XLP	Consumer Staples Select	Pair Corr
0.84	VDC	Vanguard Consumer Staples	Pair Corr
0.86	KXI	iShares Global Consumer	Pair Corr
0.83	FSTA	Fidelity MSCI Consumer	Pair Corr
0.62	PSL	Invesco DWA Consumer	Pair Corr

Related Correlations Analysis

	IYC	IYJ	IDU	IYM	IYZ
IYC		0.99	0.83	0.89	0.96	IYC
IYJ	0.99		0.85	0.92	0.97	IYJ
IDU	0.83	0.85		0.83	0.87	IDU
IYM	0.89	0.92	0.83		0.93	IYM
IYZ	0.96	0.97	0.87	0.93		IYZ
	IYC	IYJ	IDU	IYM	IYZ

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IShares Consumer Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Consumer 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 Consumer'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
IYC	0.68	0.05	0.07	0.23	0.48	(0.73)	1.80	(1.24)	5.79
IYJ	0.68	0.06	0.09	0.23	0.45	(0.80)	1.79	(0.98)	5.37
IDU	0.62	0.03	(0.10)	0.28	0.77	(0.60)	1.25	(1.35)	3.92
IYM	0.74	0.05	0.03	0.24	0.56	(0.84)	1.79	(1.15)	4.36
IYZ	0.66	0.10	0.07	0.34	0.29	(0.80)	1.54	(1.06)	3.45

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IShares Consumer Correlations

IShares Consumer Correlation With Market

Very weak diversification

Moving together with IShares Etf

Related Correlations Analysis

IShares Consumer Constituents Risk-Adjusted Indicators

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