IShares Blockchain Correlations

IBLC Etf

USD 41.64 0.50 1.19%

The current 90-days correlation between iShares Blockchain and and Fidelity Crypto Industry is -0.12 (i.e., Good diversification). The correlation of IShares Blockchain 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 Blockchain Correlation With Market

Poor diversification

The correlation between iShares Blockchain and and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Blockchain and 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 Blockchain and. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IShares Etf

0.7	BLOK	Amplify Transformational	Pair Corr
0.63	BLCN	Siren Nasdaq NexGen	Pair Corr
0.73	LEGR	First Trust Indxx	Pair Corr
0.69	BITQ	Bitwise Crypto Industry	Pair Corr
0.69	SPBC	Simplify Equity PLUS	Pair Corr
0.68	DAPP	VanEck Digital Trans	Pair Corr
0.67	CRPT	First Trust SkyBridge	Pair Corr
0.66	USD	ProShares Ultra Semi	Pair Corr
0.73	FNGO	MicroSectors FANG Index	Pair Corr
0.69	BULZ	MicroSectors Solactive	Pair Corr
0.61	BITS	Global X Blockchain	Pair Corr
0.73	FNGG	Direxion Daily Select	Pair Corr
0.68	DFEN	Direxion Daily Aerospace	Pair Corr
0.91	BA	Boeing	Pair Corr
0.78	INTC	Intel	Pair Corr
0.99	CAT	Caterpillar	Pair Corr
0.69	T	ATT Inc	Pair Corr
0.91	MMM	3M Company Earnings Call This Week	Pair Corr
0.96	BAC	Bank of America Earnings Call This Week	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.95	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr
0.94	IBM	International Business	Pair Corr
0.92	DD	Dupont De Nemours	Pair Corr
0.89	PFE	Pfizer Inc	Pair Corr
0.92	GE	GE Aerospace	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr

Moving against IShares Etf

0.55	MCD	McDonalds	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	FDIG	IVEG	WGMI	DAPP	BKCH
FDIG		0.94	0.99	0.9	0.91	FDIG
IVEG	0.94		0.92	0.89	0.88	IVEG
WGMI	0.99	0.92		0.88	0.91	WGMI
DAPP	0.9	0.89	0.88		0.98	DAPP
BKCH	0.91	0.88	0.91	0.98		BKCH
	FDIG	IVEG	WGMI	DAPP	BKCH

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IShares Blockchain Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Blockchain 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 Blockchain'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
FDIG	2.19	0.85	0.26	(4.67)	1.58	(2.64)	6.04	(3.20)	11.51
IVEG	0.66	0.24	(0.01)	(3.19)	0.35	(0.75)	1.74	(0.99)	3.37
WGMI	3.27	1.33	0.33	(4.94)	2.23	(3.84)	8.63	(4.74)	16.90
DAPP	2.98	1.14	0.32	(5.36)	2.10	(3.82)	7.60	(3.98)	15.37
BKCH	3.14	1.00	0.23	(3.65)	2.49	(3.72)	7.38	(4.39)	17.06

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