IShares SMI Correlations

CSSMI Etf

CHF 127.88 -1.20 -0.93%

The current 90-days correlation between iShares SMI ETF and iShares Euro Government is 0.12 (i.e., Average diversification).The statistical correlation between IShares SMI and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.

Correlation to Market: IShares SMI

Poor diversification

Across the chosen horizon, CSSMI and DJI show a correlation of 0.72 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

This view shows how IShares SMI aligns with related instruments based on correlation data. The dataset is based on historical price relationships and return patterns. Regulatory frameworks may restrict substantially identical replacements under wash sale rules. The information reflects general market and regulatory conditions.

Moving together with IShares Etf

1.0	SMICHA	UBS ETF SMI	Pair Corr
0.99	CHSPI	iShares Core SPI	Pair Corr
1.0	XSMI	Xtrackers Switzerland	Pair Corr
1.0	XSMC	Xtrackers Switzerland	Pair Corr
0.97	CHDVD	iShares Swiss Dividend	Pair Corr
0.99	SPICHA	UBS ETF SPI	Pair Corr
0.91	SLICHA	UBS ETF SLI	Pair Corr
0.99	SW2CHB	UBSFund Solutions MSCI	Pair Corr
0.97	CHSRIA	UBS ETF MSCI	Pair Corr
0.64	AUCO	LG Gold Mining	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.17	0.04	0.36	-0.06	0.23	0.1	0.35	-0.16	-0.17	META
MSFT	0.17		0.83	0.23	-0.92	0.83	0.96	0.66	-0.88	-0.95	MSFT
UBER	0.04	0.83		0.16	-0.89	0.8	0.8	0.51	-0.76	-0.78	UBER
F	0.36	0.23	0.16		-0.25	0.61	0.14	0.57	-0.01	-0.33	F
T	-0.06	-0.92	-0.89	-0.25		-0.84	-0.87	-0.55	0.85	0.88	T
A	0.23	0.83	0.8	0.61	-0.84		0.78	0.81	-0.67	-0.87	A
CRM	0.1	0.96	0.8	0.14	-0.87	0.78		0.68	-0.88	-0.95	CRM
JPM	0.35	0.66	0.51	0.57	-0.55	0.81	0.68		-0.47	-0.74	JPM
MRK	-0.16	-0.88	-0.76	-0.01	0.85	-0.67	-0.88	-0.47		0.87	MRK
XOM	-0.17	-0.95	-0.78	-0.33	0.88	-0.87	-0.95	-0.74	0.87		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.96	MSFT
XOM	+ 0.88	T
XOM	+ 0.87	MRK
MRK	+ 0.85	T
UBER	+ 0.83	MSFT
A	+ 0.83	MSFT

High negative correlations

XOM	- 0.95	CRM
XOM	- 0.95	MSFT
T	- 0.92	MSFT
T	- 0.89	UBER
MRK	- 0.88	CRM
MRK	- 0.88	MSFT

IShares SMI Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SMI ETF doing well as a business compared to the competition. A thorough review of IShares SMI's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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
META	1.51	-0.02	0.00	-0.12	0.00	0.00	2.33	-2.82	14.24
MSFT	1.27	-0.27	0.00	-0.62	0.00	0.00	2.19	-2.87	13.28
UBER	1.54	-0.20	0.00	0.60	0.00	0.00	3.18	-3.60	11.09
F	1.34	-0.13	0.00	-0.21	0.00	0.00	3.61	-3.07	10.01
T	1.12	0.23	0.24	-1.20	1.13	-1.24	3.87	-1.92	8.53
A	1.22	-0.25	0.00	-0.35	0.00	0.00	2.48	-3.01	7.20
CRM	1.79	-0.32	0.00	-0.61	0.00	0.00	3.41	-4.75	9.78
JPM	1.11	-0.03	0.00	-0.12	0.00	0.00	2.02	-2.63	8.17
MRK	1.13	0.27	0.22	0.46	1.22	-1.26	2.54	-1.98	7.29
XOM	1.31	0.48	0.36	8.37	1.14	-1.50	2.90	-2.44	6.83

Be your own money manager

Optimization tools can help investors judge whether capital allocated to iShares SMI ETF is being used efficiently relative to other opportunities in the same equity universe. A stronger allocation process asks what the position adds to the portfolio, not just what it might do on its own.

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