IShares Bloomberg Correlations

CMDY Etf

USD 49.64 0.38 0.77%

The current 90-days correlation between iShares Bloomberg Roll and abrdn Bloomberg All is 0.99 (i.e., No risk reduction). The correlation of IShares Bloomberg 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Bloomberg Correlation With Market

Poor diversification

The correlation between iShares Bloomberg Roll and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Bloomberg Roll 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 Bloomberg Roll. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with IShares Etf

0.86	PDBC	Invesco Optimum Yield	Pair Corr
0.85	FTGC	First Trust Global	Pair Corr
0.87	DBC	Invesco DB Commodity	Pair Corr
0.83	COMT	iShares GSCI Commodity	Pair Corr
0.77	GSG	iShares SP GSCI	Pair Corr
0.99	DJP	iPath Bloomberg Commodity	Pair Corr
0.99	BCI	abrdn Bloomberg All	Pair Corr
0.99	COMB	GraniteShares Bloomberg	Pair Corr
0.76	GCC	WisdomTree Continuous Potential Growth	Pair Corr
0.62	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.66	CEFD	ETRACS Monthly Pay	Pair Corr
0.72	BABX	GraniteShares 175x Long	Pair Corr

Moving against IShares Etf

0.39	YCL	ProShares Ultra Yen Potential Growth	Pair Corr
0.38	FXY	Invesco CurrencyShares	Pair Corr
0.36	ULE	ProShares Ultra Euro	Pair Corr
0.41	BWX	SPDR Bloomberg Inter	Pair Corr
0.38	XTWO	Bondbloxx ETF Trust	Pair Corr
0.49	SMDD	ProShares UltraPro Short Downward Rally	Pair Corr

Related Correlations Analysis

	BCD	COMB	COMT	BCI	CCRV
BCD		0.99	0.86	0.99	0.82	BCD
COMB	0.99		0.85	1.0	0.82	COMB
COMT	0.86	0.85		0.86	0.99	COMT
BCI	0.99	1.0	0.86		0.82	BCI
CCRV	0.82	0.82	0.99	0.82		CCRV
	BCD	COMB	COMT	BCI	CCRV

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IShares Bloomberg Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Bloomberg 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 Bloomberg'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
BCD	0.64	0.04	0.00	(0.03)	0.00	0.00	1.18	(1.75)	5.30
COMB	0.66	0.04	0.10	(0.02)	1.02	(0.70)	1.31	(1.49)	5.52
COMT	0.79	(0.05)	0.00	(0.22)	0.00	0.00	1.34	(2.00)	5.90
BCI	0.65	0.04	0.10	(0.02)	1.04	(0.67)	1.37	(1.45)	5.51
CCRV	0.85	(0.06)	0.00	(0.23)	0.00	0.00	1.24	(2.24)	6.24

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