IShares Core Correlations

IUSV Etf

USD 101.32 0.23 0.23%

The current 90-days correlation between iShares Core SP and iShares Core SP is 0.64 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Core Correlation With Market

Good diversification

The correlation between iShares Core SP and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core SP 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 SP. 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

0.81	VTV	Vanguard Value Index	Pair Corr
0.85	VYM	Vanguard High Dividend	Pair Corr
0.97	IWD	iShares Russell 1000	Pair Corr
0.94	DGRO	iShares Core Dividend	Pair Corr
1.0	IVE	iShares SP 500	Pair Corr
1.0	SPYV	SPDR Portfolio SP	Pair Corr
0.77	WSML	iShares MSCI World	Pair Corr
0.9	EVUS	iShares ESG Aware	Pair Corr
0.77	TSL	GraniteShares 125x Long	Pair Corr
0.93	CPSL	Calamos Laddered	Pair Corr
0.87	GLDX	USCF Gold Strategy	Pair Corr
0.85	YFYA	Listed Funds Trust	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.82	GE	GE Aerospace	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.85	IBM	International Business	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr

Moving against IShares Etf

0.66	HD	Home Depot Earnings Call This Week	Pair Corr
0.35	NOBL	ProShares SP 500	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.41	MCD	McDonalds	Pair Corr
0.39	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	IUSG	IWP	ACWI	USMV	OEF	SOXX	IWV	IWS	IWY	DVY
IUSG		0.08	0.98	0.1	0.99	0.87	0.99	0.54	0.99	0.36	IUSG
IWP	0.08		-0.01	0.32	-0.06	-0.22	0.08	0.55	0.01	0.41	IWP
ACWI	0.98	-0.01		0.19	0.99	0.89	0.99	0.58	0.98	0.44	ACWI
USMV	0.1	0.32	0.19		0.08	0.04	0.19	0.61	0.11	0.76	USMV
OEF	0.99	-0.06	0.99	0.08		0.9	0.99	0.49	0.99	0.34	OEF
SOXX	0.87	-0.22	0.89	0.04	0.9		0.87	0.3	0.9	0.2	SOXX
IWV	0.99	0.08	0.99	0.19	0.99	0.87		0.61	0.99	0.46	IWV
IWS	0.54	0.55	0.58	0.61	0.49	0.3	0.61		0.5	0.91	IWS
IWY	0.99	0.01	0.98	0.11	0.99	0.9	0.99	0.5		0.34	IWY
DVY	0.36	0.41	0.44	0.76	0.34	0.2	0.46	0.91	0.34		DVY
	IUSG	IWP	ACWI	USMV	OEF	SOXX	IWV	IWS	IWY	DVY

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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

OEF	+ 0.99	IUSG
IWV	+ 0.99	IUSG
IWY	+ 0.99	IUSG
OEF	+ 0.99	ACWI
IWV	+ 0.99	ACWI
IWV	+ 0.99	OEF

High negative correlations

SOXX	- 0.22	IWP
OEF	- 0.06	IWP
ACWI	- 0.01	IWP

IShares Core Constituents 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
IUSG	0.70	0.08	0.00	(0.41)	0.97	(0.71)	1.46	(1.55)	4.65
IWP	0.73	(0.03)	0.00	0.21	0.00	0.00	1.23	(1.66)	4.57
ACWI	0.50	0.08	0.00	(0.53)	0.71	(0.49)	1.05	(0.97)	4.26
USMV	0.38	0.02	(0.10)	(0.06)	0.53	(0.35)	0.78	(0.91)	2.51
OEF	0.58	0.09	0.02	(1.30)	0.77	(0.58)	1.46	(1.19)	4.30
SOXX	1.44	0.10	0.07	0.13	1.82	(1.48)	3.11	(2.86)	9.77
IWV	0.52	0.07	(0.01)	(0.49)	0.75	(0.52)	1.13	(1.13)	4.39
IWS	0.58	0.03	(0.06)	(0.12)	0.73	(0.60)	1.18	(1.00)	4.93
IWY	0.73	0.09	0.02	(0.80)	0.99	(0.76)	1.52	(1.66)	4.72
DVY	0.51	0.04	(0.05)	(0.38)	0.53	(0.59)	1.02	(0.80)	3.93

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