Correlation Between Barclays ETN and IShares
Can any of the company-specific risk be diversified away by investing in both Barclays ETN and IShares at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Barclays ETN and IShares into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Barclays ETN FI and IShares, you can compare the effects of market volatilities on Barclays ETN and IShares and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Barclays ETN with a short position of IShares. Check out your portfolio center. Please also check ongoing floating volatility patterns of Barclays ETN and IShares.
Diversification Opportunities for Barclays ETN and IShares
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Barclays and IShares is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Barclays ETN FI and IShares in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IShares and Barclays ETN is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Barclays ETN FI are associated (or correlated) with IShares. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IShares has no effect on the direction of Barclays ETN i.e., Barclays ETN and IShares go up and down completely randomly.
Pair Corralation between Barclays ETN and IShares
If you would invest 3,150 in Barclays ETN FI on August 18, 2025 and sell it today you would earn a total of 106.00 from holding Barclays ETN FI or generate 3.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Barclays ETN FI vs. IShares
Performance |
| Timeline |
| Barclays ETN FI |
| IShares |
Risk-Adjusted Performance
Weakest
Weak | Strong |
Barclays ETN and IShares Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Barclays ETN and IShares
The main advantage of trading using opposite Barclays ETN and IShares positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Barclays ETN position performs unexpectedly, IShares can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares will offset losses from the drop in IShares' long position.| Barclays ETN vs. BNY Mellon ETF | Barclays ETN vs. Tidal ETF Trust | Barclays ETN vs. Cambiar Aggressive Value | Barclays ETN vs. WisdomTree International Al |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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