IShares 10 Correlations

IGLB Etf

USD 48.69 0.14 0.29%

The current 90-days correlation between iShares 10 Year and SPDR Barclays Long is 1.0 (i.e., No risk reduction). The correlation of IShares 10 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 10 Correlation With Market

Very weak diversification

The correlation between iShares 10 Year and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 10 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 10 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 bureau of economic analysis.

Moving together with IShares Etf

0.94	BLV	Vanguard Long Term	Pair Corr
1.0	SPLB	SPDR Barclays Long Sell-off Trend	Pair Corr
0.69	FFIU	Fieldstone UVA Uncon	Pair Corr
1.0	LKOR	FlexShares Credit	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against IShares Etf

0.48	DGP	DB Gold Double	Pair Corr
0.48	UGL	ProShares Ultra Gold	Pair Corr
0.48	IBND	SPDR Bloomberg Inter	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.77	0.19	-0.33	-0.66	0.94	0.95	0.88	0.49	0.17	META
MSFT	0.77		0.36	0.0	-0.5	0.72	0.82	0.82	0.34	0.02	MSFT
UBER	0.19	0.36		0.08	0.34	-0.04	0.05	0.38	-0.24	0.16	UBER
F	-0.33	0.0	0.08		0.43	-0.25	-0.24	-0.25	0.27	0.48	F
T	-0.66	-0.5	0.34	0.43		-0.76	-0.77	-0.52	-0.35	0.29	T
A	0.94	0.72	-0.04	-0.25	-0.76		0.97	0.82	0.62	0.2	A
CRM	0.95	0.82	0.05	-0.24	-0.77	0.97		0.88	0.51	0.11	CRM
JPM	0.88	0.82	0.38	-0.25	-0.52	0.82	0.88		0.22	0.13	JPM
MRK	0.49	0.34	-0.24	0.27	-0.35	0.62	0.51	0.22		0.44	MRK
XOM	0.17	0.02	0.16	0.48	0.29	0.2	0.11	0.13	0.44		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

CRM	+ 0.97	A
CRM	+ 0.95	META
A	+ 0.94	META
JPM	+ 0.88	META
JPM	+ 0.88	CRM
CRM	+ 0.82	MSFT

High negative correlations

CRM	- 0.77	T
A	- 0.76	T
T	- 0.66	META
JPM	- 0.52	T
T	- 0.5	MSFT
MRK	- 0.35	T

IShares 10 Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 10 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 10'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	2.27	0.04	0.00	(0.09)	0.00	0.00	4.00	(4.67)	21.50
MSFT	1.50	0.11	0.05	(0.01)	2.01	(1.50)	3.19	(3.34)	13.79
UBER	2.36	0.55	0.16	0.31	2.83	(2.44)	5.87	(4.21)	16.03
F	1.89	0.20	0.07	0.08	2.64	(1.92)	3.19	(3.88)	13.11
T	1.17	0.26	0.14	0.56	2.24	(1.15)	1.97	(3.02)	9.07
A	1.65	(0.31)	0.00	(0.38)	0.00	0.00	2.80	(5.45)	14.45
CRM	1.79	(0.22)	0.00	(0.30)	0.00	0.00	2.91	(4.51)	13.13
JPM	1.58	0.08	0.00	(0.05)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.50	(0.18)	0.00	(0.52)	0.00	0.00	2.43	(4.81)	10.07
XOM	1.39	0.08	0.00	(0.01)	0.00	0.00	2.80	(3.21)	10.54

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