IShares 1 Correlations

SHY Etf

USD 82.02 0.02 0.02%

The current 90-days correlation between iShares 1 3 and iShares 7 10 Year is 0.79 (i.e., Poor diversification). The correlation of IShares 1 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 1 Correlation With Market

Good diversification

The correlation between iShares 1 3 Year and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 1 3 Year and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares 1 3 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

0.96	LMBS	First Trust Low	Pair Corr
1.0	SPTS	SPDR Barclays Short Sell-off Trend	Pair Corr
0.88	AGZ	iShares Agency Bond	Pair Corr
0.99	UTWO	Rbb Fund	Pair Corr
0.99	XTWO	Bondbloxx ETF Trust	Pair Corr
0.88	XTRE	Bondbloxx ETF Trust	Pair Corr
0.78	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.62	PG	Procter Gamble	Pair Corr

Moving against IShares Etf

0.43	BTC	Grayscale Bitcoin Mini	Pair Corr
0.37	VUG	Vanguard Growth Index	Pair Corr
0.33	VB	Vanguard Small Cap	Pair Corr
0.31	VTI	Vanguard Total Stock	Pair Corr
0.51	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.38	CSCO	Cisco Systems	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	IEF	LQD	TIP	IEI	TLT
IEF		0.96	0.92	0.99	0.99	IEF
LQD	0.96		0.97	0.97	0.93	LQD
TIP	0.92	0.97		0.94	0.86	TIP
IEI	0.99	0.97	0.94		0.96	IEI
TLT	0.99	0.93	0.86	0.96		TLT
	IEF	LQD	TIP	IEI	TLT

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IShares 1 Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 1 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 1'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
IEF	0.27	(0.05)	0.55	0.53	(0.63)	1.69
LQD	0.31	(0.04)	1.55	0.57	(0.75)	2.09
TIP	0.20	(0.03)	(1.01)	0.34	(0.43)	1.26
IEI	0.17	(0.03)	0.56	0.35	(0.33)	1.15
TLT	0.63	(0.10)	0.44	1.27	(1.50)	4.37

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