IShares 10 Correlations

TLH Etf

USD 101.83 0.02 0.02%

The current 90-days correlation between iShares 10 20 and iShares 0 5 Year is 0.59 (i.e., Very weak diversification). The correlation of IShares 10 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 10 Correlation With Market

Significant diversification

The correlation between iShares 10 20 Year and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 10 20 Year 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 10 20 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with IShares Etf

0.98	TLT	iShares 20 Year	Pair Corr
0.86	IEF	iShares 7 10	Pair Corr
0.99	SPTL	SPDR Barclays Long	Pair Corr
0.94	EDV	Vanguard Extended	Pair Corr
0.92	GOVZ	iShares 25 Year	Pair Corr
0.99	SCHQ	Schwab Long Term	Pair Corr
0.74	BNDD	Quadratic Deflation ETF	Pair Corr
0.88	TYA	Simplify Exchange Traded	Pair Corr
0.66	ALLW	SPDR Bridgewater All	Pair Corr

Moving against IShares Etf

0.57

PXE

Invesco Dynamic Energy

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.59	0.66	-0.73	0.7	-0.73	0.3	-0.07	-0.67	-0.67	META
MSFT	0.59		0.79	-0.32	0.12	-0.28	0.41	-0.02	-0.67	-0.48	MSFT
UBER	0.66	0.79		-0.52	0.41	-0.62	0.35	0.27	-0.8	-0.53	UBER
F	-0.73	-0.32	-0.52		-0.73	0.8	0.07	0.19	0.69	0.75	F
T	0.7	0.12	0.41	-0.73		-0.85	-0.2	0.03	-0.52	-0.48	T
A	-0.73	-0.28	-0.62	0.8	-0.85		-0.04	-0.1	0.75	0.52	A
CRM	0.3	0.41	0.35	0.07	-0.2	-0.04		0.05	-0.29	-0.11	CRM
JPM	-0.07	-0.02	0.27	0.19	0.03	-0.1	0.05		-0.05	0.2	JPM
MRK	-0.67	-0.67	-0.8	0.69	-0.52	0.75	-0.29	-0.05		0.6	MRK
XOM	-0.67	-0.48	-0.53	0.75	-0.48	0.52	-0.11	0.2	0.6		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

A	+ 0.8	F
UBER	+ 0.79	MSFT
XOM	+ 0.75	F
MRK	+ 0.75	A
T	+ 0.7	META
MRK	+ 0.69	F

High negative correlations

A	- 0.85	T
MRK	- 0.8	UBER
T	- 0.73	F
A	- 0.73	META
F	- 0.73	META
MRK	- 0.67	MSFT

IShares 10 Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 10 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 10'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
META	1.38	(0.30)	0.00	(0.26)	0.00	0.00	2.26	(2.72)	13.52
MSFT	0.94	(0.10)	0.00	(0.11)	0.00	0.00	1.85	(2.50)	5.08
UBER	1.57	(0.24)	0.00	(0.19)	0.00	0.00	3.34	(4.99)	10.91
F	1.50	0.16	0.11	0.17	1.65	(1.72)	3.38	(2.35)	16.30
T	0.95	(0.30)	0.00	(0.73)	0.00	0.00	1.61	(2.18)	5.75
A	1.31	0.15	0.05	3.76	1.33	(1.42)	2.34	(2.21)	11.03
CRM	1.64	0.00	0.01	0.07	2.13	(1.60)	3.66	(3.30)	9.91
JPM	0.98	(0.01)	0.00	0.06	1.44	(0.93)	1.77	(1.91)	7.02
MRK	1.40	0.18	0.13	0.28	1.18	(1.83)	4.84	(2.60)	11.45
XOM	0.93	0.12	0.05	1.25	0.89	(0.98)	1.96	(1.41)	4.63

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