IShares Trust Correlations

ITDI Etf

37.38 0.36 0.97%

The current 90-days correlation between iShares Trust and Series Portfolios Trust is -0.02 (i.e., Good diversification). The correlation of IShares Trust 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.

IShares Trust Correlation With Market

Average diversification

The correlation between iShares Trust and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in banks.

For more detail on how to invest in IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

0.83	ITDD	iShares Trust	Pair Corr
0.7	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.95	BFRZ	Innovator ETFs Trust	Pair Corr
0.92	DVLU	First Trust Dorsey	Pair Corr
0.61	SPTS	SPDR Barclays Short	Pair Corr
0.95	FAI	First Trust Exchange	Pair Corr
0.68	MYMI	SPDR SSGA My2029	Pair Corr
0.98	ESGV	Vanguard ESG Stock	Pair Corr
0.9	EAOA	iShares ESG Aware	Pair Corr
0.73	VTC	Vanguard Total Corporate	Pair Corr
0.96	KLMT	Invesco Exchange Traded	Pair Corr
0.78	MUNC	Northern Funds	Pair Corr
0.94	KQQQ	Kurv Technology Titans	Pair Corr
0.77	ISCG	iShares Morningstar	Pair Corr
0.9	DTCR	Global X Data	Pair Corr
0.91	SOXY	YieldMax Target 12	Pair Corr
0.74	PMIO	PGIM ETF Trust	Pair Corr
0.61	EWK	iShares MSCI Belgium	Pair Corr
0.89	VOO	Vanguard SP 500	Pair Corr
0.96	QGRW	WisdomTree Trust	Pair Corr
0.95	EAOK	iShares ESG Aware	Pair Corr
0.65	NUDV	Nushares ETF Trust	Pair Corr
0.97	BMAR	Innovator SP 500	Pair Corr
0.99	VTHR	Vanguard Russell 3000	Pair Corr
0.7	PBMR	PGIM Rock ETF	Pair Corr
0.69	GOVI	Invesco Equal Weight	Pair Corr
0.68	INEQ	Columbia International	Pair Corr
0.86	CPRO	Calamos ETF Trust	Pair Corr
0.66	IBHK	IBHK	Pair Corr
0.89	RAYE	Rayliant Quantamental	Pair Corr

Moving against IShares Etf

0.55	VIXY	ProShares VIX Short	Pair Corr
0.36	OCTQ	Innovator Capital	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.43	0.64	-0.71	0.68	-0.74	0.43	-0.11	-0.75	-0.67	META
MSFT	0.43		0.66	-0.02	-0.22	0.02	0.53	0.22	-0.39	-0.19	MSFT
UBER	0.64	0.66		-0.35	0.26	-0.48	0.43	0.4	-0.73	-0.36	UBER
F	-0.71	-0.02	-0.35		-0.75	0.8	-0.04	0.24	0.63	0.71	F
T	0.68	-0.22	0.26	-0.75		-0.9	0.01	-0.17	-0.54	-0.49	T
A	-0.74	0.02	-0.48	0.8	-0.9		-0.12	0.09	0.74	0.52	A
CRM	0.43	0.53	0.43	-0.04	0.01	-0.12		-0.1	-0.46	-0.32	CRM
JPM	-0.11	0.22	0.4	0.24	-0.17	0.09	-0.1		-0.2	0.3	JPM
MRK	-0.75	-0.39	-0.73	0.63	-0.54	0.74	-0.46	-0.2		0.53	MRK
XOM	-0.67	-0.19	-0.36	0.71	-0.49	0.52	-0.32	0.3	0.53		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

A	+ 0.8	F
MRK	+ 0.74	A
XOM	+ 0.71	F
T	+ 0.68	META
UBER	+ 0.66	MSFT
UBER	+ 0.64	META

High negative correlations

A	- 0.9	T
T	- 0.75	F
MRK	- 0.75	META
A	- 0.74	META
MRK	- 0.73	UBER
F	- 0.71	META

IShares Trust Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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
META	1.25	(0.31)	0.00	(2.32)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.10)	0.00	(4.69)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.44	(0.24)	0.00	(0.19)	0.00	0.00	3.34	(3.30)	10.91
F	1.47	0.12	0.08	0.13	1.66	(1.67)	3.38	(2.35)	16.30
T	1.00	(0.17)	0.00	(0.35)	0.00	0.00	1.84	(2.32)	6.25
A	1.28	0.37	0.27	0.35	0.97	(1.46)	3.93	(2.15)	11.03
CRM	1.64	(0.14)	0.00	(0.06)	0.00	0.00	3.22	(3.61)	9.91
JPM	0.89	(0.01)	0.00	0.04	1.30	(0.82)	1.68	(1.91)	5.76
MRK	1.36	0.31	0.24	0.49	1.01	(1.83)	4.84	(1.73)	11.45
XOM	0.93	0.04	0.00	0.36	1.13	(0.89)	1.77	(1.93)	4.63

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC