IShares SAMPPTSX Correlations

XST Etf

CAD 66.91 1.34 2.04%

The current 90-days correlation between iShares SAMPPTSX Capped and First Asset Morningstar is 0.17 (i.e., Average diversification).IShares SAMPPTSX's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.

IShares SAMPPTSX Market Correlation

Average diversification

For the present investment horizon, the measured correlation between XST and DJI stands at 0.17, or Average diversification. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.

The correlation view summarizes how IShares SAMPPTSX aligns with comparable exposures. Wash sale rules may restrict substantially identical replacements in some jurisdictions; this view is informational only.

Moving together with IShares Etf

0.73	ZWU	BMO Covered Call	Pair Corr
0.75	ZUT	BMO Equal Weight	Pair Corr
0.68	CWW	iShares Global Water	Pair Corr
0.72	COW	iShares Global	Pair Corr
0.66	HEU	BetaPro SAMPP TSX	Pair Corr

Moving against IShares Etf

0.8	TEC	TD Global Technology	Pair Corr
0.78	TXF	First Asset Tech	Pair Corr
0.74	CYBR	Evolve Cyber Security	Pair Corr
0.73	XIT	iShares SAMPPTSX Capped	Pair Corr
0.53	HZU	BetaPro Silver 2x	Pair Corr
0.47	HMMJ	Global X Marijuana	Pair Corr

Related Correlations Analysis

	XUT	XMA	XMV	EMAX	AMAX	ZFN	XSEA	QBTL	VRIF	VXM
XUT		0.55	0.78	0.86	0.44	-0.76	0.32	0.13	0.44	0.7	XUT
XMA	0.55		0.86	0.73	0.98	-0.05	0.78	-0.4	0.87	0.86	XMA
XMV	0.78	0.86		0.83	0.8	-0.31	0.65	-0.26	0.78	0.87	XMV
EMAX	0.86	0.73	0.83		0.61	-0.57	0.53	-0.04	0.62	0.85	EMAX
AMAX	0.44	0.98	0.8	0.61		0.07	0.78	-0.46	0.86	0.79	AMAX
ZFN	-0.76	-0.05	-0.31	-0.57	0.07		0.21	-0.58	0.11	-0.25	ZFN
XSEA	0.32	0.78	0.65	0.53	0.78	0.21		-0.59	0.97	0.86	XSEA
QBTL	0.13	-0.4	-0.26	-0.04	-0.46	-0.58	-0.59		-0.55	-0.33	QBTL
VRIF	0.44	0.87	0.78	0.62	0.86	0.11	0.97	-0.55		0.91	VRIF
VXM	0.7	0.86	0.87	0.85	0.79	-0.25	0.86	-0.33	0.91		VXM
	XUT	XMA	XMV	EMAX	AMAX	ZFN	XSEA	QBTL	VRIF	VXM

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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

AMAX	+ 0.98	XMA
VRIF	+ 0.97	XSEA
VXM	+ 0.91	VRIF
VRIF	+ 0.87	XMA
VXM	+ 0.87	XMV
EMAX	+ 0.86	XUT

High negative correlations

ZFN	- 0.76	XUT
QBTL	- 0.59	XSEA
QBTL	- 0.58	ZFN
ZFN	- 0.57	EMAX
VRIF	- 0.55	QBTL
QBTL	- 0.46	AMAX

IShares SAMPPTSX Constituents Risk-Adjusted Indicators

Strong stock returns do not always mean IShares SAMPPTSX ETF is outperforming its peers on a fundamental level. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares SAMPPTSX'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
XUT	0.41	0.11	0.17	-0.77	0.65	-0.46	0.89	-0.55	4.15
XMA	1.90	0.31	0.08	0.23	3.33	-1.77	3.86	-5.86	13.90
XMV	0.42	0.09	0.16	0.23	0.48	-0.43	0.92	-0.86	2.75
EMAX	0.93	0.26	0.28	-15.28	0.73	-1.13	2.37	-1.23	3.96
AMAX	1.99	0.22	0.06	0.14	3.39	-1.92	4.26	-5.97	15.28
ZFN	0.81	-0.06	0.00	-0.10	0.00	0.00	1.74	-1.94	5.20
XSEA	0.61	0.05	0.06	0.05	0.92	-0.61	1.50	-1.37	4.75
QBTL	0.98	-0.02	0.03	-0.01	1.17	-1.14	2.32	-1.99	6.53
VRIF	0.24	0.02	0.11	0.04	0.31	-0.24	0.45	-0.67	1.50
VXM	0.64	0.15	0.17	0.22	0.71	-0.67	1.44	-1.61	4.30

Be your own money manager

Serious investors usually evaluate iShares SAMPPTSX Capped in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. A stronger allocation process asks what the position adds to the portfolio, not just what it might do on its own.

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