IShares Tech Correlations

TECB Etf

USD 60.88 0.55 0.90%

The current 90-days correlation between iShares Tech Breakthrough and Invesco WilderHill Clean is -0.03 (i.e., Good diversification). The correlation of IShares Tech 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 Tech Correlation With Market

Significant diversification

The correlation between iShares Tech Breakthrough and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Tech Breakthrough and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares Tech Breakthrough. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with IShares Etf

0.77	VGT	Vanguard Information	Pair Corr
0.73	XLK	Technology Select Sector	Pair Corr
0.74	IYW	iShares Technology ETF	Pair Corr
0.76	FTEC	Fidelity MSCI Information	Pair Corr
0.66	FDN	First Trust Dow	Pair Corr
0.69	IGM	iShares Expanded Tech	Pair Corr

Moving against IShares Etf

0.37

JNJ

Johnson Johnson

Pair Corr

Related Correlations Analysis

	PBW	EIS	LRGE	BALI	QSPT	ARKX	JPRE	XSW	QMAR	DDM
PBW		-0.05	0.58	0.12	0.1	0.68	0.27	0.69	-0.19	-0.02	PBW
EIS	-0.05		-0.24	0.8	0.43	-0.26	-0.4	-0.3	0.68	0.7	EIS
LRGE	0.58	-0.24		0.15	0.51	0.81	0.23	0.72	0.05	0.19	LRGE
BALI	0.12	0.8	0.15		0.72	-0.04	-0.22	-0.01	0.75	0.81	BALI
QSPT	0.1	0.43	0.51	0.72		0.25	0.01	0.23	0.83	0.85	QSPT
ARKX	0.68	-0.26	0.81	-0.04	0.25		0.1	0.87	-0.09	-0.01	ARKX
JPRE	0.27	-0.4	0.23	-0.22	0.01	0.1		0.12	-0.14	-0.06	JPRE
XSW	0.69	-0.3	0.72	-0.01	0.23	0.87	0.12		-0.08	0.03	XSW
QMAR	-0.19	0.68	0.05	0.75	0.83	-0.09	-0.14	-0.08		0.92	QMAR
DDM	-0.02	0.7	0.19	0.81	0.85	-0.01	-0.06	0.03	0.92		DDM
	PBW	EIS	LRGE	BALI	QSPT	ARKX	JPRE	XSW	QMAR	DDM

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

DDM	+ 0.92	QMAR
XSW	+ 0.87	ARKX
DDM	+ 0.85	QSPT
QMAR	+ 0.83	QSPT
ARKX	+ 0.81	LRGE
DDM	+ 0.81	BALI

High negative correlations

JPRE	- 0.4	EIS
XSW	- 0.3	EIS
ARKX	- 0.26	EIS
LRGE	- 0.24	EIS
JPRE	- 0.22	BALI
QMAR	- 0.19	PBW

IShares Tech Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Tech 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 Tech'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
PBW	2.44	0.00	0.02	0.05	2.83	(2.57)	4.22	(5.16)	13.02
EIS	0.95	0.14	0.10	0.18	1.18	(0.96)	2.04	(1.79)	5.64
LRGE	0.83	(0.03)	0.00	(0.79)	0.00	0.00	1.43	(2.09)	4.75
BALI	0.47	(0.01)	(0.02)	0.04	0.65	(0.47)	1.16	(0.91)	3.10
QSPT	0.48	0.02	(0.03)	(1.85)	0.69	(0.48)	0.93	(1.17)	2.63
ARKX	1.65	(0.07)	0.00	(0.29)	0.00	0.00	2.85	(3.96)	9.02
JPRE	0.56	(0.02)	0.00	0.31	0.00	0.00	1.15	(1.25)	3.65
XSW	1.17	(0.17)	0.00	(0.08)	0.00	0.00	1.93	(2.98)	6.33
QMAR	0.23	0.03	(0.05)	5.37	0.27	(0.24)	0.50	(0.52)	1.46
DDM	1.14	0.06	0.02	0.20	1.37	(1.20)	2.42	(2.15)	5.82

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