IShares Floating Correlations

FLOT Etf

USD 51.00 0.01 0.02%

The current 90-days correlation between iShares Floating Rate and Schwab 1 5 Year is 0.23 (i.e., Modest diversification). The correlation of IShares Floating 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 Floating Correlation With Market

Very weak diversification

The correlation between iShares Floating Rate and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Floating Rate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

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

Moving together with IShares Etf

0.99	BIL	SPDR Bloomberg 1	Pair Corr
0.99	SHV	iShares Short Treasury	Pair Corr
0.99	JPST	JPMorgan Ultra Short	Pair Corr
0.99	USFR	WisdomTree Floating Rate	Pair Corr
0.98	ICSH	iShares Ultra Short	Pair Corr
0.98	FTSM	First Trust Enhanced	Pair Corr
0.99	SGOV	iShares 0 3	Pair Corr
0.99	GBIL	Goldman Sachs Access	Pair Corr
0.99	TFLO	iShares Treasury Floating	Pair Corr
1.0	FLRN	SPDR Bloomberg Investment	Pair Corr
0.9	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.98	USD	ProShares Ultra Semi	Pair Corr
0.98	DFEN	Direxion Daily Aerospace	Pair Corr
0.95	DUSL	Direxion Daily Indus	Pair Corr
0.81	DIG	ProShares Ultra Oil	Pair Corr
0.97	FNGO	MicroSectors FANG Index	Pair Corr
0.69	MLPR	ETRACS Quarterly Pay	Pair Corr
0.63	AMZA	InfraCap MLP ETF	Pair Corr
0.97	BUFD	FT Cboe Vest	Pair Corr
0.76	KGRN	KraneShares MSCI China	Pair Corr
0.96	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.76	EUSB	iShares Trust	Pair Corr
0.91	BA	Boeing	Pair Corr
0.95	MSFT	Microsoft	Pair Corr
0.89	PFE	Pfizer Inc	Pair Corr
0.86	MMM	3M Company	Pair Corr
0.88	CVX	Chevron Corp	Pair Corr
0.92	AXP	American Express	Pair Corr
0.75	INTC	Intel Earnings Call This Week	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.97	CAT	Caterpillar	Pair Corr
0.93	IBM	International Business Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.57	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.55	KO	Coca Cola Earnings Call This Week	Pair Corr
0.55	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.56	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.72	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.72	0.22	0.67	-0.11	0.64	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.11	CRM

IShares Floating Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Floating 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 Floating'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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

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