IShares Core Correlations

IXUS Etf

USD 87.90 0.31 0.35%

The current 90-days correlation between iShares Core MSCI and Schwab International Equity is 0.97 (i.e., Almost no 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

Poor diversification

The correlation between iShares Core MSCI and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI 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 MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with IShares Etf

0.99	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.95	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.98	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.99	DFAX	Dimensional World	Pair Corr
0.88	AGQ	ProShares Ultra Silver	Pair Corr
0.88	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr
0.64	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.65	AXP	American Express	Pair Corr
0.72	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.78	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against IShares Etf

0.41	FNGO	MicroSectors FANG Index	Pair Corr
0.41	FNGG	Direxion Daily Select	Pair Corr
0.35	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.67	T	ATT Inc	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.57	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	SCHF	IWB	IWR	EFA	QUAL	IVE	XLF	ACWI	VWUAX	TLT
SCHF		0.87	0.89	0.99	0.93	0.96	0.9	0.88	0.84	-0.6	SCHF
IWB	0.87		0.88	0.86	0.96	0.92	0.78	0.87	0.73	-0.44	IWB
IWR	0.89	0.88		0.91	0.94	0.9	0.87	0.78	0.71	-0.4	IWR
EFA	0.99	0.86	0.91		0.93	0.94	0.9	0.88	0.84	-0.56	EFA
QUAL	0.93	0.96	0.94	0.93		0.97	0.87	0.88	0.77	-0.51	QUAL
IVE	0.96	0.92	0.9	0.94	0.97		0.89	0.87	0.75	-0.6	IVE
XLF	0.9	0.78	0.87	0.9	0.87	0.89		0.76	0.8	-0.65	XLF
ACWI	0.88	0.87	0.78	0.88	0.88	0.87	0.76		0.81	-0.53	ACWI
VWUAX	0.84	0.73	0.71	0.84	0.77	0.75	0.8	0.81		-0.48	VWUAX
TLT	-0.6	-0.44	-0.4	-0.56	-0.51	-0.6	-0.65	-0.53	-0.48		TLT
	SCHF	IWB	IWR	EFA	QUAL	IVE	XLF	ACWI	VWUAX	TLT

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

EFA	+ 0.99	SCHF
IVE	+ 0.97	QUAL
IVE	+ 0.96	SCHF
QUAL	+ 0.96	IWB
QUAL	+ 0.94	IWR
IVE	+ 0.94	EFA

High negative correlations

TLT	- 0.65	XLF
TLT	- 0.6	IVE
TLT	- 0.6	SCHF
TLT	- 0.56	EFA
TLT	- 0.53	ACWI
TLT	- 0.51	QUAL

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
SCHF	0.59	0.06	0.05	0.16	0.66	(0.60)	1.17	(1.25)	2.63
IWB	0.59	(0.03)	(0.04)	0.05	0.88	(0.57)	1.17	(1.27)	3.28
IWR	0.71	(0.03)	(0.02)	0.06	0.93	(0.68)	1.35	(1.52)	3.15
EFA	0.56	0.03	0.02	0.13	0.62	(0.57)	1.11	(1.29)	2.42
QUAL	0.56	(0.01)	(0.03)	0.07	0.73	(0.55)	1.18	(1.06)	2.64
IVE	0.54	0.00	(0.02)	0.08	0.58	(0.58)	0.99	(0.98)	2.41
XLF	0.72	(0.06)	(0.05)	0.02	1.03	(0.69)	1.26	(1.91)	3.86
ACWI	0.57	0.05	(0.02)	0.41	0.82	(0.54)	1.05	(1.28)	3.08
VWUAX	0.87	0.12	0.04	0.97	1.02	(0.91)	2.10	(1.98)	9.12
TLT	0.41	(0.02)	0.00	(0.61)	0.00	0.00	0.66	(0.97)	2.85

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

2026 Macroaxis LLC