IShares JP Correlations

CEMB Etf

USD 45.98 0.04 0.09%

The current 90-days correlation between iShares JP Morgan and iShares JP Morgan is 0.45 (i.e., Very weak diversification). The correlation of IShares JP 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 JP Correlation With Market

Weak diversification

The correlation between iShares JP Morgan and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares JP Morgan and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares JP Morgan. 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

0.8	EMB	iShares JP Morgan	Pair Corr
0.94	PCY	Invesco Emerging Markets	Pair Corr
0.61	HYEM	VanEck Emerging Markets	Pair Corr
0.85	EMHY	iShares JP Morgan	Pair Corr
0.82	XEMD	Bondbloxx ETF Trust	Pair Corr
0.88	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.9	EMBD	Global X Emerging	Pair Corr
0.72	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.62	USD	ProShares Ultra Semi	Pair Corr
0.61	BULZ	MicroSectors Solactive	Pair Corr
0.65	FNGO	MicroSectors FANG Index	Pair Corr
0.65	FNGG	Direxion Daily Select	Pair Corr
0.75	VYMI	Vanguard International	Pair Corr
0.84	MUNC	Northern Funds	Pair Corr
0.92	TAXT	Northern Trust Tax	Pair Corr
0.79	HLAL	Wahed FTSE USA	Pair Corr
0.65	VGT	Vanguard Information	Pair Corr
0.62	PDBC	Invesco Optimum Yield	Pair Corr
0.75	EVMO	Morgan Stanley ETF	Pair Corr
0.71	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.65	TOT	Advisor Managed Port	Pair Corr
0.67	ILIT	iShares Lithium Miners	Pair Corr

Moving against IShares Etf

0.31

BITO

ProShares Bitcoin

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.38	0.55	-0.72	0.71	-0.71	0.34	-0.22	-0.72	-0.66	META
MSFT	0.38		0.65	0.09	-0.23	0.16	0.5	0.24	-0.23	-0.12	MSFT
UBER	0.55	0.65		-0.28	0.24	-0.39	0.34	0.37	-0.62	-0.34	UBER
F	-0.72	0.09	-0.28		-0.76	0.79	0.03	0.32	0.62	0.72	F
T	0.71	-0.23	0.24	-0.76		-0.92	-0.02	-0.24	-0.57	-0.51	T
A	-0.71	0.16	-0.39	0.79	-0.92		-0.03	0.21	0.69	0.55	A
CRM	0.34	0.5	0.34	0.03	-0.02	-0.03		-0.15	-0.38	-0.29	CRM
JPM	-0.22	0.24	0.37	0.32	-0.24	0.21	-0.15		-0.16	0.38	JPM
MRK	-0.72	-0.23	-0.62	0.62	-0.57	0.69	-0.38	-0.16		0.54	MRK
XOM	-0.66	-0.12	-0.34	0.72	-0.51	0.55	-0.29	0.38	0.54		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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

A	+ 0.79	F
XOM	+ 0.72	F
T	+ 0.71	META
MRK	+ 0.69	A
UBER	+ 0.65	MSFT
MRK	+ 0.62	F

High negative correlations

A	- 0.92	T
T	- 0.76	F
MRK	- 0.72	META
F	- 0.72	META
A	- 0.71	META
XOM	- 0.66	META

IShares JP Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares JP 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 JP'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	1.24	(0.35)	0.00	(0.38)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.13)	0.00	(0.14)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.50	(0.21)	0.00	(0.15)	0.00	0.00	3.34	(3.30)	10.91
F	1.50	0.16	0.10	0.14	1.66	(1.72)	3.66	(2.35)	16.30
T	1.00	(0.19)	0.00	(0.78)	0.00	0.00	1.84	(2.32)	6.25
A	1.32	0.34	0.25	0.30	1.02	(1.50)	3.93	(2.15)	11.03
CRM	1.61	(0.15)	0.00	(0.10)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.89	0.00	0.00	0.04	1.33	(0.82)	1.67	(1.91)	5.76
MRK	1.29	0.19	0.13	0.38	1.14	(1.67)	3.84	(2.36)	11.45
XOM	0.93	0.10	0.06	0.40	1.10	(0.90)	1.78	(1.93)	4.71

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

2025 Macroaxis LLC