IShares Consumer Correlations

IYC Etf

USD 97.02 0.91 0.95%

The current 90-days correlation between iShares Consumer Dis and iShares Industrials ETF is 0.95 (i.e., Almost no diversification). The correlation of IShares Consumer 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 Consumer Correlation With Market

Almost no diversification

The correlation between iShares Consumer Discretionary and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Consumer Discretionary 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 Consumer Discretionary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

0.99	XLY	Consumer Discretionary	Pair Corr
0.99	VCR	Vanguard Consumer	Pair Corr
0.99	FDIS	Fidelity MSCI Consumer	Pair Corr
0.97	PEJ	Invesco Dynamic Leisure	Pair Corr
0.96	FXD	First Trust Consumer	Pair Corr
0.97	XRT	SPDR SP Retail	Pair Corr
0.85	UPRO	ProShares UltraPro SP500	Pair Corr
0.98	QTJA	Innovator ETFs Trust	Pair Corr
0.98	QTOC	Innovator ETFs Trust	Pair Corr
0.95	XTOC	Innovator ETFs Trust	Pair Corr
0.97	QTAP	Innovator Growth 100	Pair Corr
0.94	XTJA	Innovator ETFs Trust	Pair Corr
0.96	XTAP	Innovator Equity Acc	Pair Corr
0.97	AUGW	AIM ETF Products	Pair Corr
0.98	AXP	American Express	Pair Corr
0.93	MSFT	Microsoft	Pair Corr
0.92	BAC	Bank of America	Pair Corr
0.86	TRV	The Travelers Companies	Pair Corr
0.85	HD	Home Depot	Pair Corr
0.93	GE	GE Aerospace	Pair Corr
0.92	BA	Boeing	Pair Corr
0.84	CAT	Caterpillar	Pair Corr

Moving against IShares Etf

0.34

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	IYK	IYJ	IYM	IDU	IYZ
IYK		0.27	0.33	0.53	0.3	IYK
IYJ	0.27		0.82	0.82	0.97	IYJ
IYM	0.33	0.82		0.57	0.85	IYM
IDU	0.53	0.82	0.57		0.77	IDU
IYZ	0.3	0.97	0.85	0.77		IYZ
	IYK	IYJ	IYM	IDU	IYZ

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IShares Consumer Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Consumer 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 Consumer'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
IYK	0.83	0.01	0.01	0.02	1.11	(0.90)	1.66	(1.39)	6.37
IYJ	1.20	0.10	0.05	0.08	1.81	(1.14)	1.98	(2.14)	11.75
IYM	1.13	0.03	0.02	0.02	1.86	(1.10)	2.16	(3.10)	12.62
IDU	0.90	0.08	0.05	0.14	1.42	(0.87)	1.84	(1.70)	7.39
IYZ	0.99	0.05	0.03	0.06	1.78	(0.90)	1.44	(2.62)	8.88

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