IShares 3 Correlations

IEI Etf

USD 118.85 0.16 0.13%

The current 90-days correlation between iShares 3 7 and iShares 10 20 Year is 0.76 (i.e., Poor diversification). The correlation of IShares 3 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 3 Correlation With Market

Very good diversification

The correlation between iShares 3 7 Year and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 3 7 Year 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 3 7 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with IShares Etf

0.64	GOVT	iShares Treasury Bond	Pair Corr
0.77	MBB	iShares MBS ETF	Pair Corr
0.99	SPTI	SPDR Portfolio Inter	Pair Corr
0.75	SPMB	SPDR Portfolio Mortgage	Pair Corr
0.82	ITE	SPDR Bloomberg Barclays	Pair Corr
0.7	JMBS	Janus Henderson Mort	Pair Corr
0.84	FLGV	Franklin Liberty Treasury	Pair Corr
0.66	MBSD	FlexShares Disciplined	Pair Corr
0.69	OWNS	Quaker Investment Trust	Pair Corr
0.82	BND	Vanguard Total Bond	Pair Corr
0.76	FBND	Fidelity Total Bond	Pair Corr

Related Correlations Analysis

	TLH	IEF	SHY	MBB	SHV
TLH		0.63	-0.05	0.77	-0.48	TLH
IEF	0.63		0.46	0.69	0.05	IEF
SHY	-0.05	0.46		0.5	0.78	SHY
MBB	0.77	0.69	0.5		0.16	MBB
SHV	-0.48	0.05	0.78	0.16		SHV
	TLH	IEF	SHY	MBB	SHV

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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

SHV	+ 0.78	SHY
MBB	+ 0.77	TLH
MBB	+ 0.69	IEF
IEF	+ 0.63	TLH
MBB	+ 0.5	SHY
SHY	+ 0.46	IEF

High negative correlations

SHV	- 0.48	TLH
SHY	- 0.05	TLH

IShares 3 Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 3 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 3'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
TLH	0.62	(0.01)	(0.04)	(0.14)	0.95	(0.56)	0.97	(1.49)	3.83
IEF	0.37	0.01	(0.04)	(0.20)	0.47	(0.35)	0.74	(0.70)	2.21
SHY	0.08	0.01	(0.18)	(0.88)	0.00	(0.09)	0.18	(0.18)	0.58
MBB	0.32	0.02	(0.02)	0.65	0.40	(0.31)	0.67	(0.70)	1.75
SHV	0.01	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.05

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