IShares Intermediate Correlations

GVI Etf

USD 106.18 0.17 0.16%

The current 90-days correlation between iShares Intermediate and iShares GovernmentCredit Bond is 0.92 (i.e., Almost no diversification). The correlation of IShares Intermediate 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 Intermediate Correlation With Market

Significant diversification

The correlation between iShares Intermediate Governmen and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Intermediate Governmen and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Intermediate GovernmentCredit. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with IShares Etf

0.99	BSV	Vanguard Short Term	Pair Corr
0.94	IGSB	iShares 1 5	Pair Corr
0.93	SPSB	SPDR Barclays Short	Pair Corr
0.98	ISTB	iShares Core 1	Pair Corr
0.93	SLQD	iShares 0 5	Pair Corr
0.94	LDUR	PIMCO Enhanced Low	Pair Corr
0.94	SUSB	iShares ESG 1	Pair Corr
0.75	DFEN	Direxion Daily Aerospace	Pair Corr
0.92	EUSB	iShares Trust	Pair Corr
0.88	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.72	BUFD	FT Cboe Vest	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.76	IBM	International Business Earnings Call This Week	Pair Corr
0.65	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.73	BAC	Bank of America	Pair Corr
0.63	INTC	Intel Earnings Call This Week	Pair Corr
0.71	MSFT	Microsoft	Pair Corr

Moving against IShares Etf

0.64	WTID	UBS ETRACS	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.47	VZ	Verizon Communications Earnings Call This Week	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	0.57	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.59	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.54	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.73	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.16	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.63	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.08	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.68	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.56	MRK
XOM	0.57	0.59	0.54	0.73	0.16	0.63	-0.08	0.68	0.56		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	- 0.08	CRM

IShares Intermediate Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Intermediate 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 Intermediate'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	1.08	0.14	0.00	(9.00)	1.19	(1.12)	2.40	(2.51)	5.84

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