IShares Core Correlations

IUSB Etf

USD 46.87 0.08 0.17%

The current 90-days correlation between iShares Core Total and Valued Advisers Trust is 0.25 (i.e., Modest diversification). The correlation of IShares Core 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 Core Correlation With Market

Significant diversification

The correlation between iShares Core Total and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core Total 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 Core Total. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

0.98	FIXD	First Trust TCW	Pair Corr
1.0	FBND	Fidelity Total Bond	Pair Corr
0.79	TOTL	SPDR DoubleLine Total	Pair Corr
0.79	HTRB	Hartford Total Return	Pair Corr
0.99	GTO	Invesco Total Return	Pair Corr
0.99	EUSB	iShares Trust	Pair Corr
1.0	JCPB	JPMorgan Core Plus	Pair Corr
0.72	SWP	SWP Growth Income	Pair Corr
0.74	TCAI	Tortoise Capital Series	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.65	INTC	Intel Aggressive Push	Pair Corr
0.65	WMT	Walmart	Pair Corr

Moving against IShares Etf

0.64	FNGD	MicroSectors FANG Index	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.67	VZ	Verizon Communications	Pair Corr
0.64	T	ATT Inc	Pair Corr
0.54	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.49	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.43	0.58	-0.73	0.71	-0.73	0.37	-0.18	-0.73	-0.67	META
MSFT	0.43		0.7	0.02	-0.17	0.06	0.55	0.26	-0.33	-0.18	MSFT
UBER	0.58	0.7		-0.32	0.26	-0.44	0.41	0.39	-0.68	-0.37	UBER
F	-0.73	0.02	-0.32		-0.75	0.79	-0.02	0.27	0.63	0.72	F
T	0.71	-0.17	0.26	-0.75		-0.91	0.0	-0.19	-0.57	-0.5	T
A	-0.73	0.06	-0.44	0.79	-0.91		-0.09	0.13	0.72	0.53	A
CRM	0.37	0.55	0.41	-0.02	0.0	-0.09		-0.11	-0.44	-0.32	CRM
JPM	-0.18	0.26	0.39	0.27	-0.19	0.13	-0.11		-0.21	0.32	JPM
MRK	-0.73	-0.33	-0.68	0.63	-0.57	0.72	-0.44	-0.21		0.56	MRK
XOM	-0.67	-0.18	-0.37	0.72	-0.5	0.53	-0.32	0.32	0.56		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

A	+ 0.79	F
XOM	+ 0.72	F
MRK	+ 0.72	A
T	+ 0.71	META
UBER	+ 0.7	MSFT
MRK	+ 0.63	F

High negative correlations

A	- 0.91	T
T	- 0.75	F
MRK	- 0.73	META
A	- 0.73	META
F	- 0.73	META
MRK	- 0.68	UBER

IShares Core Competition 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
META	1.25	(0.32)	0.00	(0.36)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.12)	0.00	(0.13)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.46	(0.23)	0.00	(0.20)	0.00	0.00	3.34	(3.30)	10.91
F	1.45	0.15	0.09	0.12	1.67	(1.64)	3.38	(2.35)	16.30
T	0.99	(0.17)	0.00	(0.42)	0.00	0.00	1.84	(2.32)	6.25
A	1.28	0.34	0.24	0.29	1.08	(1.44)	3.93	(2.15)	11.03
CRM	1.60	(0.14)	0.00	(0.11)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.87	(0.01)	0.00	0.01	1.32	(0.80)	1.67	(1.91)	5.76
MRK	1.31	0.22	0.16	0.40	1.13	(1.71)	3.84	(2.36)	11.45
XOM	0.92	0.07	0.04	0.38	1.11	(0.87)	1.77	(1.93)	4.63

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