IShares AEX Correlations

Etfs . Netherlands . 
Etf . iShares AEX UCITS
IAEX Etf  EUR 95.46  0.73  0.77%   
The current 90-days correlation between iShares AEX UCITS and iShares II Public is -0.05 (i.e., Good diversification). The correlation of IShares AEX 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 AEX Correlation With Market

Very weak diversification

The correlation between iShares AEX UCITS and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares AEX UCITS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IShares AEX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares AEX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares AEX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares AEX UCITS to buy it.

Moving together with IShares Etf

  0.73VUSA Vanguard SP 500PairCorr
  0.84DIA SPDR Dow JonesPairCorr
  0.82EMIM iShares Core MSCIPairCorr
  0.73IUSA iShares SP 500PairCorr
  0.82VWRL Vanguard FTSE AllPairCorr
  0.77IMEU iShares Core MSCIPairCorr
  0.73IWRD iShares MSCI WorldPairCorr
  0.94IEMM iShares MSCI EMPairCorr
  0.84ICHN iShares MSCI ChinaPairCorr
  0.83EXCD iShares MSCI EMPairCorr
  0.69USCE SPDR BB SBPairCorr
  0.7MAGU BlackRock ESG MultiPairCorr
  0.72CITY Ishares IV PLCPairCorr
  0.8PHAG WisdomTree PhysicalPairCorr
  0.78VFEM Vanguard FTSE EmergingPairCorr
  0.8EUNA iShares STOXX EuropePairCorr
  0.77SBIO Invesco NASDAQ BiotechPairCorr
  0.87VEUR Vanguard FTSE DevelopedPairCorr
  0.91TSWE VanEck Sustainable WorldPairCorr
  0.83UIMR UBSFund Solutions MSCIPairCorr
  0.69CSPX iShares Core SPPairCorr
  0.89SMUA iShares MSCI EMUPairCorr
  0.81CSUS iShares VII PLCPairCorr
  0.61SXLC SPDR SP CommunicationPairCorr
  0.81INAA iShares MSCI NorthPairCorr
  0.88IMAE iShares Core MSCIPairCorr
  0.75UEDD iShares Ultrashort BondPairCorr
  0.9CEUU iShares Core MSCIPairCorr

Moving against IShares Etf

  0.42ONDO 21Shares Ondo ETPPairCorr
  0.45AXRP 21Shares XRP ETPPairCorr
  0.38AARB 21Shares Arbitrum ETPPairCorr

Related Correlations Analysis


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

F
+ 0.81
UBER
XOM
+ 0.8
JPM
JPM
+ 0.73
UBER
MRK
+ 0.73
A
A
+ 0.71
F
JPM
+ 0.69
A
  

High negative correlations

CRM
- 0.5
META
CRM
- 0.46
F
CRM
- 0.46
UBER
T
- 0.45
MSFT
CRM
- 0.38
A
MRK
- 0.37
META

IShares AEX Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares AEX 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 AEX'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.30 (0.02)(0.03) 0.04  1.48 
(1.46)
 2.18 
(2.32)
 15.10 
MSFT  0.75 (0.01)(0.05) 0.04  0.94 
(0.76)
 1.86 
(1.64)
 6.50 
UBER  1.39  0.01 (0.01) 0.08  1.93 
(1.33)
 3.62 
(3.30)
 8.86 
F  1.17 (0.03)(0.01) 0.04  1.63 
(1.19)
 2.98 
(2.04)
 9.82 
T  0.84 (0.04) 0.00  1.26  0.00 
 0.00 
 1.82 
(2.30)
 6.47 
A  1.46  0.22  0.18  0.20  1.11 
(1.68)
 3.82 
(2.15)
 10.46 
CRM  1.42 (0.19) 0.00 (0.12) 0.00 
 0.00 
 2.63 
(3.33)
 8.74 
JPM  0.79  0.04  0.03  0.10  1.00 
(0.81)
 1.69 
(1.52)
 4.93 
MRK  1.29  0.01  0.00  0.08  1.35 
(1.44)
 2.91 
(2.36)
 9.11 
XOM  0.91 (0.04)(0.05)(0.01) 1.38 
(0.81)
 1.72 
(2.42)
 4.70 

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares AEX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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