IShares SAMPPTSX Correlations

CDZ Etf

CAD 43.32 0.32 0.74%

The current 90-days correlation between iShares SAMPPTSX Canadian and Wealthsimple North America is 0.48 (i.e., Weak diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

Market Correlation Context: IShares SAMPPTSX

Excellent diversification

For the present investment horizon, the measured correlation between IShares SAMPPTSX and Dow Jones stands at -0.16, or Excellent diversification. A -0.16 reading means IShares SAMPPTSX and Dow Jones have partial price overlap, offering some diversification benefit.

This module presents correlation context for IShares SAMPPTSX across related exposures. The data is presented as reference information within a regulatory context.

Moving together with IShares Etf

0.89	ZWC	BMO Canadian High	Pair Corr
0.98	XDV	iShares Canadian Select	Pair Corr
0.96	PDC	Invesco Canadian Dividend	Pair Corr
0.88	XEI	iShares SAMPPTSX	Pair Corr
0.92	VDY	Vanguard FTSE Canadian	Pair Corr
0.97	ZDV	BMO Canadian Dividend	Pair Corr
0.9	DGRC	CI Canada Quality	Pair Corr
0.94	CDIV	Manulife Smart Dividend	Pair Corr
0.85	HXH	Global X Canadian	Pair Corr
0.63	HAC	Global X Seasonal	Pair Corr
0.67	QCE	Mackenzie Canadian Large	Pair Corr
0.68	QCN	Mackenzie Canadian Equity	Pair Corr

Moving against IShares Etf

0.51	DRMU	Desjardins RI USA	Pair Corr
0.37	FTN	Financial 15 Split	Pair Corr

Related Correlations Analysis

	FCIV	XRE	PDC	HDIV	HYLD	TQCD	VEF	WSRD	HHL	WSRI
FCIV		0.63	0.66	0.73	-0.35	0.81	0.91	0.42	-0.02	0.49	FCIV
XRE	0.63		0.16	0.69	0.13	0.58	0.76	0.6	0.38	0.76	XRE
PDC	0.66	0.16		0.58	-0.75	0.84	0.61	-0.21	-0.56	-0.04	PDC
HDIV	0.73	0.69	0.58		-0.04	0.91	0.89	0.5	0.21	0.67	HDIV
HYLD	-0.35	0.13	-0.75	-0.04		-0.43	-0.22	0.58	0.81	0.47	HYLD
TQCD	0.81	0.58	0.84	0.91	-0.43		0.89	0.19	-0.17	0.39	TQCD
VEF	0.91	0.76	0.61	0.89	-0.22	0.89		0.54	0.15	0.66	VEF
WSRD	0.42	0.6	-0.21	0.5	0.58	0.19	0.54		0.87	0.93	WSRD
HHL	-0.02	0.38	-0.56	0.21	0.81	-0.17	0.15	0.87		0.8	HHL
WSRI	0.49	0.76	-0.04	0.67	0.47	0.39	0.66	0.93	0.8		WSRI
	FCIV	XRE	PDC	HDIV	HYLD	TQCD	VEF	WSRD	HHL	WSRI

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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

WSRI	+ 0.93	WSRD
VEF	+ 0.91	FCIV
TQCD	+ 0.91	HDIV
VEF	+ 0.89	HDIV
VEF	+ 0.89	TQCD
HHL	+ 0.87	WSRD

High negative correlations

HYLD	- 0.75	PDC
HHL	- 0.56	PDC
TQCD	- 0.43	HYLD
HYLD	- 0.35	FCIV
VEF	- 0.22	HYLD
WSRD	- 0.21	PDC

IShares SAMPPTSX Constituents Risk-Adjusted Indicators

Strong recent returns in IShares Etf do not always mean IShares SAMPPTSX ETF is outperforming peers on business quality. Risk-adjusted metrics help compare IShares SAMPPTSX's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCIV	0.85	0.12	0.09	0.09	1.40	-0.80	1.52	-1.85	5.44
XRE	0.65	0.03	0.08	0.02	0.83	-0.65	1.11	-1.49	3.47
PDC	0.50	0.11	0.15	0.29	0.77	-0.47	0.94	-0.90	3.66
HDIV	0.75	0.10	0.09	0.07	1.17	-0.71	1.49	-1.90	4.27
HYLD	0.78	-0.02	0.00	-0.07	0.00	0.00	1.21	-1.84	5.18
TQCD	0.60	0.12	0.15	0.17	0.86	-0.60	1.25	-1.41	3.75
VEF	0.68	0.11	0.10	0.08	1.08	-0.61	1.27	-1.93	4.99
WSRD	0.69	-0.02	0.00	-0.08	0.00	0.00	1.57	-1.99	4.88
HHL	0.59	-0.07	0.00	-0.19	0.00	0.00	1.12	-1.30	3.88
WSRI	0.57	-0.02	0.00	-0.09	0.00	0.00	1.09	-1.30	3.37

Be your own money manager

A disciplined portfolio workflow around iShares SAMPPTSX Canadian should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. Used correctly, optimization turns position sizing and rebalancing into measurable decisions rather than guesswork.

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