IShares Core Correlations

IUSB Etf

USD 47.12 0.06 0.13%

The current 90-days correlation between iShares Core Total and SPDR SP World is 0.19 (i.e., Average 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

Very weak diversification

The correlation between iShares Core Total and DJI is 0.59 (i.e., Very weak 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
0.99	FBND	Fidelity Total Bond	Pair Corr
0.99	TOTL	SPDR DoubleLine Total	Pair Corr
0.82	BNDS	Series Portfolios Trust	Pair Corr
0.99	HTRB	Hartford Total Return	Pair Corr
0.99	GTO	Invesco Total Return	Pair Corr
1.0	EUSB	iShares Trust	Pair Corr
1.0	JCPB	JPMorgan Core Plus	Pair Corr
0.62	JNUG	Direxion Daily Junior	Pair Corr
0.67	NUGT	Direxion Daily Gold	Pair Corr
0.71	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.89	KORU	Direxion Daily South Trending	Pair Corr
0.73	DGP	DB Gold Double	Pair Corr
0.86	VYMI	Vanguard International Sell-off Trend	Pair Corr
1.0	BND	Vanguard Total Bond	Pair Corr
0.8	UEVM	VictoryShares Emerging	Pair Corr
0.93	IYR	iShares Real Estate	Pair Corr
0.83	EFA	iShares MSCI EAFE Sell-off Trend	Pair Corr
0.73	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.66	QTAP	Innovator Growth 100	Pair Corr
0.69	ITA	iShares Aerospace Defense	Pair Corr
0.8	ILOW	AB Active ETFs	Pair Corr
0.84	DFIV	Dimensional International Sell-off Trend	Pair Corr
0.82	STXV	EA Series Trust	Pair Corr
0.64	RSST	Return Stacked Stocks	Pair Corr
0.85	EMIF	iShares Emerging Markets	Pair Corr
0.78	USO	United States Oil	Pair Corr
0.84	VDC	Vanguard Consumer Staples	Pair Corr
0.83	ESGD	iShares ESG Aware	Pair Corr
0.88	SCDV	ETF Series Solutions	Pair Corr

Moving against IShares Etf

0.68	DRSK	Aptus Defined Risk	Pair Corr
0.78	BULZ	MicroSectors Solactive	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.19	-0.21	0.24	0.18	-0.35	-0.04	0.32	0.22	0.28	META
MSFT	-0.19		0.84	-0.63	-0.85	0.8	0.92	0.29	-0.89	-0.94	MSFT
UBER	-0.21	0.84		-0.55	-0.76	0.88	0.75	0.16	-0.8	-0.83	UBER
F	0.24	-0.63	-0.55		0.37	-0.56	-0.45	0.04	0.75	0.68	F
T	0.18	-0.85	-0.76	0.37		-0.64	-0.84	-0.26	0.72	0.74	T
A	-0.35	0.8	0.88	-0.56	-0.64		0.64	0.13	-0.74	-0.83	A
CRM	-0.04	0.92	0.75	-0.45	-0.84	0.64		0.51	-0.79	-0.88	CRM
JPM	0.32	0.29	0.16	0.04	-0.26	0.13	0.51		-0.05	-0.26	JPM
MRK	0.22	-0.89	-0.8	0.75	0.72	-0.74	-0.79	-0.05		0.91	MRK
XOM	0.28	-0.94	-0.83	0.68	0.74	-0.83	-0.88	-0.26	0.91		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	+ 0.92	MSFT
XOM	+ 0.91	MRK
A	+ 0.88	UBER
UBER	+ 0.84	MSFT
A	+ 0.8	MSFT
CRM	+ 0.75	UBER

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.89	MSFT
XOM	- 0.88	CRM
T	- 0.85	MSFT
CRM	- 0.84	T
XOM	- 0.83	A

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	1.53	0.21	0.03	(0.41)	1.51	(1.75)	3.43	(2.81)	13.69
MSFT	1.31	(0.30)	0.00	(0.57)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.56	(0.22)	0.00	(0.27)	0.00	0.00	2.70	(3.82)	11.09
F	1.25	0.14	0.11	0.26	0.96	(1.56)	3.61	(1.98)	7.50
T	1.04	0.14	0.02	(1.11)	0.99	(1.21)	3.87	(1.76)	7.44
A	1.26	(0.24)	0.00	(0.95)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.78	(0.29)	0.00	(0.14)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.24	(0.13)	(0.03)	0.03	1.76	(1.30)	2.34	(3.11)	8.17
MRK	1.26	0.28	0.17	0.52	1.11	(1.40)	2.81	(2.06)	8.74
XOM	1.29	0.36	0.18	3.96	1.09	(1.50)	2.90	(2.44)	6.83

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