IShares ESG Correlations

ESGE Etf

USD 39.35 0.29 0.74%

The current 90-days correlation between iShares ESG Aware and Strategy Shares is 0.05 (i.e., Significant diversification). The correlation of IShares ESG 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 ESG Correlation With Market

Very poor diversification

The correlation between iShares ESG Aware and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares ESG Aware and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares ESG Aware. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with IShares Etf

0.96	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI	Pair Corr
0.99	EMC	Global X Funds	Pair Corr
1.0	EEM	iShares MSCI Emerging	Pair Corr
0.94	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
0.96	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
1.0	XSOE	WisdomTree Emerging	Pair Corr
0.71	OIH	VanEck Oil Services	Pair Corr
0.95	ARKW	ARK Next Generation	Pair Corr
0.97	WTMF	WisdomTree Managed	Pair Corr
0.97	EWC	iShares MSCI Canada	Pair Corr
0.97	BST	BlackRock Science Tech	Pair Corr
0.89	IRET	iREIT MarketVector	Pair Corr
0.96	MFSV	MFS Active Value	Pair Corr
0.99	KNCT	Invesco Next Gen	Pair Corr
0.87	DIVY	Tidal ETF Trust	Pair Corr
0.7	SITC	Site Centers Corp	Pair Corr
0.85	THMZ	Lazard Equity Megatrends	Pair Corr
0.92	FVD	First Trust Value	Pair Corr
0.91	DSCF	Discipline Fund ETF	Pair Corr
0.98	VXUS	Vanguard Total Inter	Pair Corr
0.94	SHLD	Global X Funds	Pair Corr
0.95	IBUF	Innovator ETFs Trust	Pair Corr
0.91	FLLV	Franklin Liberty Low	Pair Corr
0.98	VOO	Vanguard SP 500 Sell-off Trend	Pair Corr
0.95	BSCP	Invesco BulletShares 2025	Pair Corr
0.86	PALL	abrdn Physical Palladium	Pair Corr
0.98	XLC	Communication Services	Pair Corr
0.97	GLRY	Inspire Faithward Mid	Pair Corr
0.97	FPXE	First Trust IPOX	Pair Corr

Moving against IShares Etf

0.72

HUM

Humana Inc

Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		0.9	0.96	0.91	-0.92	0.93	0.93	0.93	0.88	DHSB
MBOX	0.9		0.9	0.92	-0.85	0.92	0.98	0.97	0.99	MBOX
DIEM	0.96	0.9		0.91	-0.93	0.95	0.95	0.95	0.89	DIEM
MCHI	0.91	0.92	0.91		-0.81	0.88	0.92	0.93	0.91	MCHI
DIPS	-0.92	-0.85	-0.93	-0.81		-0.94	-0.9	-0.89	-0.81	DIPS
DISO	0.93	0.92	0.95	0.88	-0.94		0.97	0.94	0.9	DISO
DIVB	0.93	0.98	0.95	0.92	-0.9	0.97		0.98	0.98	DIVB
DIVD	0.93	0.97	0.95	0.93	-0.89	0.94	0.98		0.96	DIVD
DIVG	0.88	0.99	0.89	0.91	-0.81	0.9	0.98	0.96		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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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

DIVG	+ 0.99	MBOX
DIVB	+ 0.98	MBOX
DIVD	+ 0.98	DIVB
DIVG	+ 0.98	DIVB
DIVD	+ 0.97	MBOX
DIVB	+ 0.97	DISO

High negative correlations

DISO	- 0.94	DIPS
DIPS	- 0.93	DIEM
DIPS	- 0.92	DHSB
DIVB	- 0.9	DIPS
DIVD	- 0.89	DIPS
DIPS	- 0.85	MBOX

IShares ESG Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares ESG 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 ESG'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
DHSB	0.51	0.05	(0.02)	(0.50)	0.93	(0.50)	1.18	(1.88)	6.57
MBOX	0.90	(0.03)	(0.02)	0.04	1.61	(0.82)	1.73	(1.99)	10.07
DIEM	0.88	0.17	0.06	(2.67)	1.29	(0.93)	2.34	(1.57)	8.25
MCHI	1.25	(0.01)	(0.01)	0.07	1.95	(1.43)	3.39	(2.01)	8.62
DIPS	2.04	(0.54)	0.00	(2.21)	0.00	0.00	2.82	(4.27)	22.25
DISO	1.19	0.15	0.06	0.21	2.23	(1.29)	1.97	(2.26)	12.07
DIVB	0.94	0.02	0.01	0.09	1.68	(0.91)	1.69	(1.88)	9.77
DIVD	0.86	0.02	0.01	0.10	1.42	(0.83)	1.55	(2.18)	9.14
DIVG	0.96	(0.04)	(0.03)	0.03	1.67	(0.87)	1.57	(2.27)	9.33

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