IShares Core Correlations

USRT Etf

USD 58.00 0.04 0.07%

The current 90-days correlation between iShares Core REIT and iShares Global REIT is 0.97 (i.e., Almost no diversification). The correlation of IShares Core 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 Core Correlation With Market

Poor diversification

The correlation between iShares Core REIT and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core REIT and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

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

Moving together with IShares Etf

0.96	VNQ	Vanguard Real Estate	Pair Corr
0.96	XLRE	Real Estate	Pair Corr
0.94	IYR	iShares Real Estate	Pair Corr
0.96	ICF	iShares Cohen Steers Low Volatility	Pair Corr
0.71	IRET	iREIT MarketVector	Pair Corr
1.0	RWR	SPDR Dow Jones	Pair Corr
0.8	ISCB	iShares Morningstar	Pair Corr
0.61	RAYS	Global X Solar	Pair Corr
0.69	BPI	Grayscale Funds Trust	Pair Corr
0.77	INCM	Franklin Templeton ETF	Pair Corr
0.68	CETH	21shares Core Ethereum Low Volatility	Pair Corr
0.8	PRXG	Praxis Funds	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.78	BAC	Bank of America Aggressive Push	Pair Corr
0.72	IBM	International Business Earnings Call Today	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.67	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.76	AXP	American Express	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.77	BA	Boeing Earnings Call This Week	Pair Corr
0.78	GE	GE Aerospace	Pair Corr

Moving against IShares Etf

0.77	CORX	2x Corn ETF	Pair Corr
0.4	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	REET	FREL	REZ	SCHH	BBRE
REET		0.95	0.57	0.96	0.96	REET
FREL	0.95		0.72	0.99	0.94	FREL
REZ	0.57	0.72		0.76	0.69	REZ
SCHH	0.96	0.99	0.76		0.97	SCHH
BBRE	0.96	0.94	0.69	0.97		BBRE
	REET	FREL	REZ	SCHH	BBRE

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IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
REET	0.57	0.04	(0.05)	0.24	0.65	(0.64)	1.42	(1.24)	3.80
FREL	0.62	0.01	(0.04)	0.19	0.85	(0.64)	1.68	(1.49)	4.63
REZ	0.69	(0.03)	(0.10)	0.12	0.83	(0.70)	1.62	(1.29)	5.11
SCHH	0.62	0.01	(0.06)	0.19	0.76	(0.66)	1.74	(1.31)	4.48
BBRE	0.66	0.00	(0.06)	0.17	0.85	(0.69)	1.69	(1.32)	4.61

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