IShares SP Correlations

OEF Etf

USD 334.53 0.97 0.29%

The current 90-days correlation between iShares SP 100 and iShares Russell 3000 is 0.92 (i.e., Almost no diversification). The correlation of IShares SP 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 SP Correlation With Market

Poor diversification

The correlation between iShares SP 100 and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP 100 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in iShares SP 100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in commodities.

Moving together with IShares Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
1.0	SPY	SPDR SP 500	Pair Corr
1.0	IVV	iShares Core SP	Pair Corr
0.96	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
0.85	RSP	Invesco SP 500	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
1.0	ESGU	iShares ESG Aware	Pair Corr
0.98	DFAC	Dimensional Core Equity	Pair Corr
1.0	SPLG	SPDR Portfolio SP	Pair Corr
0.98	CPST	Calamos ETF Trust	Pair Corr
0.91	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.74	AMPD	Tidal ETF Services	Pair Corr
0.86	EBND	SPDR Bloomberg Emerging	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.84	BAC	Bank of America Earnings Call Next Week	Pair Corr
0.69	AXP	American Express	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.73	WMT	Walmart	Pair Corr
0.89	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.86	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.81	KO	Coca Cola	Pair Corr
0.78	DIS	Walt Disney Sell-off Trend	Pair Corr
0.49	BA	Boeing	Pair Corr

Related Correlations Analysis

	IWB	IJK	IWV	IJJ	IWR
IWB		0.9	1.0	0.76	0.91	IWB
IJK	0.9		0.91	0.89	0.98	IJK
IWV	1.0	0.91		0.77	0.92	IWV
IJJ	0.76	0.89	0.77		0.92	IJJ
IWR	0.91	0.98	0.92	0.92		IWR
	IWB	IJK	IWV	IJJ	IWR

IShares SP Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SP 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 SP'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
IWB	0.42	0.06	0.10	0.13	0.29	(0.49)	0.85	(0.57)	2.51
IJK	0.66	(0.01)	0.00	0.05	0.67	(0.79)	1.56	(1.34)	3.79
IWV	0.43	0.06	0.10	0.13	0.30	(0.50)	0.92	(0.62)	2.51
IJJ	0.67	(0.03)	(0.02)	0.03	0.71	(0.78)	1.62	(1.22)	4.20
IWR	0.53	0.00	0.00	0.05	0.50	(0.59)	1.48	(0.88)	3.06

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