IShares Core Correlations

XDIV Etf

CAD 38.23 -0.43 -1.11%

The current 90-days correlation between iShares Core MSCI and iShares Core MSCI is 0.41 (i.e., Very weak diversification).The rolling correlation of IShares Core with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Market Correlation Summary - IShares Core

Weak diversification

Across the chosen horizon, XDIV and DJI show a correlation of 0.37 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Correlation context here can be used to compare IShares Core with related instruments. Wash sale rules may restrict substantially identical replacements in some jurisdictions; this view is informational only.

Moving together with IShares Etf

0.93	ZWC	BMO Canadian High	Pair Corr
0.97	XDV	iShares Canadian Select	Pair Corr
0.96	CDZ	iShares SPTSX Canadian	Pair Corr
0.97	PDC	Invesco Canadian Dividend	Pair Corr
0.96	XEI	iShares SPTSX Composite	Pair Corr
0.96	VDY	Vanguard FTSE Canadian	Pair Corr
0.87	ZDV	BMO Canadian Dividend	Pair Corr
0.93	DGRC	CI Canada Quality	Pair Corr
0.72	CDIV	Manulife Smart Dividend	Pair Corr
0.93	HXH	Global X Canadian	Pair Corr
0.64	HQD	BetaPro NASDAQ 100	Pair Corr
0.89	MINF	Middlefield Sustainable	Pair Corr
0.86	FCCV	Fidelity Canadian Value	Pair Corr

Moving against IShares Etf

0.85	HED	BetaPro SPTSX Capped	Pair Corr
0.8	HXD	BetaPro SPTSX 60	Pair Corr
0.76	ZID	BMO MSCI India	Pair Corr
0.67	HBLK	Blockchain Technologies	Pair Corr

Related Correlations Analysis

	XEC	VEE	XGD	NUBF	TPE	XSB	XEI	VCE	VXC	XAW
XEC		0.97	0.9	0.87	0.98	0.9	0.76	0.85	0.9	0.91	XEC
VEE	0.97		0.83	0.81	0.95	0.8	0.6	0.78	0.95	0.96	VEE
XGD	0.9	0.83		0.74	0.87	0.86	0.78	0.93	0.75	0.77	XGD
NUBF	0.87	0.81	0.74		0.87	0.9	0.78	0.7	0.74	0.76	NUBF
TPE	0.98	0.95	0.87	0.87		0.92	0.77	0.85	0.88	0.9	TPE
XSB	0.9	0.8	0.86	0.9	0.92		0.9	0.84	0.71	0.74	XSB
XEI	0.76	0.6	0.78	0.78	0.77	0.9		0.79	0.5	0.53	XEI
VCE	0.85	0.78	0.93	0.7	0.85	0.84	0.79		0.77	0.78	VCE
VXC	0.9	0.95	0.75	0.74	0.88	0.71	0.5	0.77		1.0	VXC
XAW	0.91	0.96	0.77	0.76	0.9	0.74	0.53	0.78	1.0		XAW
	XEC	VEE	XGD	NUBF	TPE	XSB	XEI	VCE	VXC	XAW

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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
XEC	0.77	0.05	0.04	0.07	1.13	-0.78	1.42	-1.47	7.40
VEE	0.67	-0.02	0.00	-0.03	0.00	0.00	1.34	-1.22	5.69
XGD	2.09	0.33	0.08	0.27	3.43	-2.00	4.55	-6.00	16.14
NUBF	0.26	-0.01	0.00	-0.38	0.00	0.00	0.66	-0.56	1.92
TPE	0.59	0.04	0.03	0.05	0.92	-0.54	1.17	-1.60	5.00
XSB	0.07	0.00	-0.02	-0.14	0.08	-0.07	0.15	-0.15	0.63
XEI	0.42	0.13	0.19	0.81	0.37	-0.45	0.93	-0.87	2.39
VCE	0.63	0.08	0.08	0.14	0.88	-0.66	1.21	-1.60	3.99
VXC	0.54	-0.03	0.00	-0.04	0.00	0.00	1.08	-1.06	3.90
XAW	0.53	-0.03	0.00	-0.04	0.00	0.00	1.06	-1.00	3.81

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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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