IShares Trust Correlations

IBDZ Etf

25.86 0.03 0.12%

The current 90-days correlation between iShares Trust and Invesco BulletShares 2025 is -0.08 (i.e., Good diversification). The correlation of IShares Trust 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 Trust Correlation With Market

Weak diversification

The correlation between iShares Trust and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Trust 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 Trust. 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.

For more information on how to buy IShares Etf please use our How to Invest in IShares Trust guide.

Moving together with IShares Etf

0.89	BSCP	Invesco BulletShares 2025	Pair Corr
0.9	IBDQ	iShares iBonds Dec	Pair Corr
0.93	BSCQ	Invesco BulletShares 2026	Pair Corr
0.93	IBDR	iShares iBonds Dec	Pair Corr
0.96	IBDS	iShares iBonds Dec	Pair Corr
0.93	PMBS	PIMCO Mortgage Backed	Pair Corr
0.86	SIXD	AIM ETF Products	Pair Corr
0.86	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.88	CEFD	ETRACS Monthly Pay	Pair Corr
0.96	EUSB	iShares Trust	Pair Corr
0.95	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.85	BUFD	FT Cboe Vest	Pair Corr
0.82	CVX	Chevron Corp	Pair Corr
0.68	MMM	3M Company	Pair Corr
0.62	T	ATT Inc Earnings Call This Week	Pair Corr
0.77	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr
0.85	BAC	Bank of America	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.83	AXP	American Express	Pair Corr
0.87	PFE	Pfizer Inc	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr

Moving against IShares Etf

0.79	VIXY	ProShares VIX Short	Pair Corr
0.78	VXX	iPath Series B	Pair Corr
0.58	YCL	ProShares Ultra Yen	Pair Corr
0.46	VZ	Verizon Communications Earnings Call Today	Pair Corr
0.43	KO	Coca Cola Earnings Call Tomorrow	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 Trust Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Trust 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 Trust'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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