IShares Core Correlations

AOM Etf

USD 48.11 -0.12 -0.25%

The current 90-days correlation between iShares Core Moderate and iShares Core Conservative is 0.87 (i.e., Very poor diversification).The rolling correlation of IShares Core with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Market Correlation Summary - IShares Core

Poor diversification

Across the chosen horizon, AOM and DJI show a correlation of 0.73 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with IShares Etf

IShares Core has P/E of 17.25. See Trending Equities for portfolio-level analysis. This suggests a position in iShares Core Moderate inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with IShares Etf

0.93	GDMA	Alpha Architect Gdsdn	Pair Corr
0.94	INKM	SPDR SSgA Income	Pair Corr
0.96	FCEF	First Trust Income	Pair Corr
0.99	EAOM	iShares ESG Aware	Pair Corr
0.89	OIH	VanEck Oil Services	Pair Corr
0.66	WTMF	WisdomTree Managed	Pair Corr
0.89	EWC	iShares MSCI Canada	Pair Corr
0.87	UNIY	WisdomTree Voya Yield	Pair Corr
0.94	JPXN	iShares JPX Nikkei	Pair Corr
0.94	SCJ	iShares MSCI Japan	Pair Corr
0.92	HYG	iShares iBoxx High	Pair Corr
0.97	AVXC	Avantis Emerging Markets	Pair Corr
0.92	BNDS	Series Portfolios Trust	Pair Corr
0.94	BSJS	Invesco BulletShares 2028	Pair Corr

Moving against IShares Etf

0.79	ARKW	ARK Next Generation	Pair Corr
0.72	HUM	Humana Inc	Pair Corr

Related Correlations Analysis

	IDU	IAI	IDMO	EWA	EEMA	JPEF	SMMD	FLQL	IYJ	AOK
IDU		-0.78	0.62	0.87	0.66	0.23	0.53	0.38	0.71	0.75	IDU
IAI	-0.78		-0.29	-0.64	-0.32	0.0	-0.14	-0.01	-0.38	-0.41	IAI
IDMO	0.62	-0.29		0.88	0.96	0.51	0.9	0.86	0.94	0.95	IDMO
EWA	0.87	-0.64	0.88		0.89	0.47	0.77	0.7	0.89	0.93	EWA
EEMA	0.66	-0.32	0.96	0.89		0.52	0.91	0.86	0.92	0.97	EEMA
JPEF	0.23	0.0	0.51	0.47	0.52		0.48	0.81	0.44	0.56	JPEF
SMMD	0.53	-0.14	0.9	0.77	0.91	0.48		0.86	0.93	0.9	SMMD
FLQL	0.38	-0.01	0.86	0.7	0.86	0.81	0.86		0.79	0.85	FLQL
IYJ	0.71	-0.38	0.94	0.89	0.92	0.44	0.93	0.79		0.95	IYJ
AOK	0.75	-0.41	0.95	0.93	0.97	0.56	0.9	0.85	0.95		AOK
	IDU	IAI	IDMO	EWA	EEMA	JPEF	SMMD	FLQL	IYJ	AOK

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AOK	+ 0.97	EEMA
EEMA	+ 0.96	IDMO
AOK	+ 0.95	IDMO
AOK	+ 0.95	IYJ
IYJ	+ 0.94	IDMO
AOK	+ 0.93	EWA

High negative correlations

IAI	- 0.78	IDU
EWA	- 0.64	IAI
AOK	- 0.41	IAI
IYJ	- 0.38	IAI
EEMA	- 0.32	IAI
IDMO	- 0.29	IAI

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
IDU	0.68	0.10	0.13	0.67	0.73	-0.75	1.25	-1.28	4.18
IAI	1.10	-0.07	0.00	-0.07	0.00	0.00	2.16	-2.81	6.84
IDMO	0.73	0.10	0.10	0.12	0.94	-0.79	1.71	-1.38	5.37
EWA	0.81	0.19	0.18	0.24	0.96	-0.91	1.96	-1.80	5.11
EEMA	0.88	0.13	0.10	0.13	1.22	-0.91	1.88	-1.74	7.72
JPEF	0.50	-0.01	0.00	-0.03	0.00	0.00	0.88	-1.21	2.96
SMMD	0.79	0.06	0.06	0.04	0.92	-0.85	1.49	-1.66	5.69
FLQL	0.64	0.02	0.02	0.01	0.87	-0.62	1.01	-1.48	4.35
IYJ	0.74	0.09	0.08	0.07	0.92	-0.69	1.55	-1.72	4.70
AOK	0.21	0.01	0.06	0.03	0.28	-0.21	0.38	-0.56	1.20

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