IShares Core Competition
| XBAL Etf | CAD 33.64 -0.08 -0.24% |
IShares Core and IShares Canadian Correlation Snapshot
Very weak diversification
The correlation between XBAL and XDV is 0.54, which Macroaxis classifies as Very weak diversification for the selected horizon. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Moving together with IShares Etf
Moving against IShares Etf
Investors who believe in mean reversion view IShares Core's price extremes not as permanent states but as temporary dislocations that create opportunities for disciplined, contrarian capital allocation.
IShares Core Competition Correlation Matrix
Correlation analysis between iShares Core Balanced and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NSCE | 0.52 | -0.08 | 0.00 | -0.23 | 0.00 | 0.74 | 4.34 | |||
| VGG | 0.55 | -0.03 | 0.00 | -0.07 | 0.00 | 1.06 | 3.39 | |||
| XEI | 0.42 | 0.13 | 0.21 | 0.84 | 0.39 | 0.93 | 2.54 | |||
| QCN | 0.67 | 0.10 | 0.09 | 0.13 | 1.02 | 1.47 | 4.25 | |||
| XGRO | 0.45 | 0.01 | 0.03 | 0.00 | 0.71 | 0.82 | 3.63 | |||
| XFH | 0.51 | 0.08 | 0.11 | 0.12 | 0.69 | 1.08 | 4.32 | |||
| VCE | 0.62 | 0.07 | 0.08 | 0.10 | 0.91 | 1.21 | 3.91 | |||
| VXC | 0.55 | -0.01 | 0.00 | -0.03 | 0.00 | 1.08 | 3.90 | |||
| XFN | 0.63 | 0.01 | 0.03 | 0.00 | 0.85 | 1.08 | 3.77 | |||
| XDV | 0.43 | 0.07 | 0.10 | 0.20 | 0.73 | 0.77 | 3.92 |
IShares Core Competitive Analysis
Investors tracking IShares Core should compare IShares Core's financial results to its peer group to contextualize performance. A company that consistently outperforms IShares Core's competitors on margin and growth metrics is typically a stronger long-term hold.| Better Than Average | Worse Than Peers | View Performance Chart |
IShares Core Peer Performance Charts
How to Analyze IShares Core Against Peers
IShares Core's peer analysis compares IShares Core with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether IShares Core trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where IShares Core leads or lags and what catalysts could close or widen the gap.