IShares Blockchain Correlations

BLKC Etf

14.73 0.69 4.47%

The current 90-days correlation between iShares Blockchain and iShares Copper Miners is 0.25 (i.e., Modest diversification). The correlation of IShares Blockchain 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 Blockchain Correlation With Market

Very good diversification

The correlation between iShares Blockchain Technology and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Blockchain Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Blockchain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Blockchain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Blockchain Technology to buy it.

Moving together with IShares Etf

0.71	ISPY	LG Cyber Security	Pair Corr
0.86	WTCH	SPDR MSCI World	Pair Corr
0.84	WITS	iShares MSCI World	Pair Corr
0.8	3AMZ	Leverage Shares 3x	Pair Corr

Moving against IShares Etf

0.69	WENS	iShares MSCI World	Pair Corr
0.68	CNYB	iShares China CNY	Pair Corr
0.66	CBE7	iShares VII Public	Pair Corr
0.64	COWZ	Pacer Us Cash	Pair Corr
0.63	IEAC	iShares Core Corp	Pair Corr
0.62	VECP	Vanguard EUR Corporate	Pair Corr
0.62	IJPE	iShares MSCI Japan	Pair Corr
0.61	VAPX	Vanguard FTSE Developed	Pair Corr
0.59	IKRA	iShares Public	Pair Corr
0.59	H2OA	iShares Global Water	Pair Corr
0.54	IGAE	iShares JP Morgan	Pair Corr
0.54	INRA	iShares Global Clean	Pair Corr
0.5	PHAU	WisdomTree Physical Gold	Pair Corr
0.5	CEMU	iShares VII plc	Pair Corr
0.46	SAWI	iShares MSCI ACWI	Pair Corr
0.45	SEMI	iShares MSCI Global	Pair Corr
0.42	GLDU	Amundi Index Solutions	Pair Corr
0.41	ROBO	Legal General UCITS	Pair Corr
0.41	AUCO	LG Gold Mining	Pair Corr
0.4	ECAR	iShares Electric Vehicles	Pair Corr
0.4	EXXY	iShares Diversified	Pair Corr
0.36	EXA1	iShares EURO STOXX	Pair Corr
0.76	GCOW	Pacer Global Cash	Pair Corr
0.71	CYBU	iShares China CNY	Pair Corr
0.68	GEDV	SPDR SP Global	Pair Corr
0.66	UIM5	UBSFund Solutions MSCI	Pair Corr
0.64	IASP	iShares Asia Property	Pair Corr
0.64	IX5A	iShares Corp Bond	Pair Corr
0.63	IWDP	iShares Developed Markets	Pair Corr
0.61	IEGA	iShares III Public	Pair Corr
0.6	GOVA	SPDR Bloomberg Euro	Pair Corr

Related Correlations Analysis

	CITY	GEDV	H2OA	GOVA	ERND	COPM
CITY		0.71	0.89	0.81	0.55	0.94	CITY
GEDV	0.71		0.74	0.7	0.46	0.68	GEDV
H2OA	0.89	0.74		0.91	0.33	0.77	H2OA
GOVA	0.81	0.7	0.91		0.25	0.7	GOVA
ERND	0.55	0.46	0.33	0.25		0.69	ERND
COPM	0.94	0.68	0.77	0.7	0.69		COPM
	CITY	GEDV	H2OA	GOVA	ERND	COPM

IShares Blockchain Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Blockchain 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 Blockchain'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
CITY	0.65	0.16	0.10	0.84	0.65	(0.72)	1.52	(1.41)	3.96
GEDV	0.14	0.01	(0.15)	0.27	0.06	(0.48)	0.60	(0.38)	1.95
H2OA	0.55	0.09	0.01	(0.83)	0.46	(0.65)	1.39	(0.97)	3.16
GOVA	0.13	0.01	(0.28)	(1.67)	0.09	(0.15)	0.35	(0.23)	1.23
ERND	0.07	0.02	0.00	0.33	0.00	0.00	0.00	0.00	2.25
COPM	2.01	0.67	0.25	11.35	2.06	(2.32)	4.82	(3.37)	12.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Blockchain without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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