IShares Core Correlations

IWDA Etf

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The current 90-days correlation between iShares Core MSCI and iShares Mortgage Backed is 0.01 (i.e., Significant diversification).The statistical correlation between IShares Core and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.

Correlation to Market: IShares Core

Very weak diversification

Across the chosen horizon, IWDA and DJI show a correlation of 0.48 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

The correlation view summarizes how IShares Core aligns with comparable exposures. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.

Moving together with IShares Etf

0.95	VWRL	Vanguard FTSE All	Pair Corr
1.0	IWRD	iShares MSCI World	Pair Corr
0.97	SWRD	SSGA SPDR ETFS	Pair Corr
0.97	VEVE	Vanguard FTSE Developed	Pair Corr
0.85	TSWE	VanEck Sustainable World	Pair Corr
0.92	IGSG	iShares Dow Jones	Pair Corr
0.72	VUSA	Vanguard SAMPP 500	Pair Corr
0.64	DIA	SPDR Dow Jones	Pair Corr
0.73	EMIM	iShares Core MSCI	Pair Corr
0.71	IUSA	iShares SAMPP 500	Pair Corr
0.78	IMEU	iShares Core MSCI	Pair Corr
0.73	IEMM	iShares MSCI EM	Pair Corr
0.67	H2OA	iShares Global Water	Pair Corr

Related Correlations Analysis

	IMEU	VUSA	CSPX	IWRD	VWRL	ISFA	FXAC	SJPE	WHCA	IMBE
IMEU		0.15	0.15	0.76	0.91	0.93	-0.03	0.92	0.63	0.78	IMEU
VUSA	0.15		1.0	0.74	0.49	0.04	0.46	-0.01	0.53	-0.14	VUSA
CSPX	0.15	1.0		0.74	0.49	0.04	0.46	-0.01	0.53	-0.14	CSPX
IWRD	0.76	0.74	0.74		0.94	0.67	0.22	0.65	0.75	0.47	IWRD
VWRL	0.91	0.49	0.49	0.94		0.86	0.04	0.84	0.69	0.67	VWRL
ISFA	0.93	0.04	0.04	0.67	0.86		-0.34	0.92	0.44	0.84	ISFA
FXAC	-0.03	0.46	0.46	0.22	0.04	-0.34		-0.25	0.37	-0.43	FXAC
SJPE	0.92	-0.01	-0.01	0.65	0.84	0.92	-0.25		0.47	0.83	SJPE
WHCA	0.63	0.53	0.53	0.75	0.69	0.44	0.37	0.47		0.36	WHCA
IMBE	0.78	-0.14	-0.14	0.47	0.67	0.84	-0.43	0.83	0.36		IMBE
	IMEU	VUSA	CSPX	IWRD	VWRL	ISFA	FXAC	SJPE	WHCA	IMBE

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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

CSPX	+ 1.0	VUSA
VWRL	+ 0.94	IWRD
ISFA	+ 0.93	IMEU
SJPE	+ 0.92	IMEU
SJPE	+ 0.92	ISFA
VWRL	+ 0.91	IMEU

High negative correlations

IMBE	- 0.43	FXAC
FXAC	- 0.34	ISFA
SJPE	- 0.25	FXAC
IMBE	- 0.14	CSPX
IMBE	- 0.14	VUSA
FXAC	- 0.03	IMEU

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
IMEU	0.55	0.05	0.10	0.21	0.74	-0.57	1.14	-1.21	4.12
VUSA	0.52	-0.02	0.00	-1.68	0.00	0.00	1.11	-1.05	2.95
CSPX	0.52	-0.02	0.00	-0.95	0.00	0.00	1.15	-1.00	2.87
IWRD	0.50	0.00	0.07	-0.07	0.58	-0.55	1.18	-1.04	2.81
VWRL	0.49	0.01	0.09	0.11	0.56	-0.53	1.15	-0.93	2.79
ISFA	0.57	0.11	0.17	4.52	0.69	-0.63	1.25	-1.10	4.44
FXAC	0.82	-0.07	0.00	0.61	0.00	0.00	1.47	-1.86	5.65
SJPE	0.91	0.11	0.09	0.28	1.22	-0.91	2.58	-1.83	7.75
WHCA	0.55	0.01	0.05	0.00	0.68	-0.63	1.24	-1.24	4.36
IMBE	0.15	0.00	0.11	-0.05	0.20	-0.23	0.22	-0.43	1.30

Be your own money manager

Optimization tools can help investors judge whether capital allocated to iShares Core MSCI is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

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