IShares Expanded Correlations

IGV Etf

USD 111.75 0.25 0.22%

The current 90-days correlation between iShares Expanded Tech and Vanguard Utilities Index is 0.14 (i.e., Average diversification). The correlation of IShares Expanded 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 Expanded Correlation With Market

Very weak diversification

The correlation between iShares Expanded Tech Software and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Expanded Tech Software 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 Expanded Tech Software. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

0.84	VGT	Vanguard Information	Pair Corr
0.82	XLK	Technology Select Sector	Pair Corr
0.84	IYW	iShares Technology ETF	Pair Corr
0.78	SMH	VanEck Semiconductor ETF	Pair Corr
0.76	SOXX	iShares Semiconductor ETF	Pair Corr
0.92	CIBR	First Trust NASDAQ	Pair Corr
0.84	FTEC	Fidelity MSCI Information	Pair Corr
0.77	FDN	First Trust Dow	Pair Corr
0.86	IGM	iShares Expanded Tech	Pair Corr
0.75	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.61	ITWO	Proshares Russell 2000 Upward Rally	Pair Corr
0.75	KCSH	KraneShares Trust	Pair Corr
0.77	HFMF	Unlimited HFMF Managed	Pair Corr
0.77	DWAS	Invesco DWA SmallCap	Pair Corr
0.78	QMOM	Alpha Architect Quan	Pair Corr
0.72	GLTR	abrdn Physical Precious	Pair Corr
0.8	SDTY	YieldMax SP 500	Pair Corr
0.74	IXP	iShares Global Comm	Pair Corr
0.81	MFEM	PIMCO RAFI Dynamic	Pair Corr
0.83	ITOT	iShares Core SP	Pair Corr
0.78	AHLT	American Beacon Select	Pair Corr
0.84	EMLC	VanEck JP Morgan	Pair Corr
0.79	MKOR	Matthews International	Pair Corr
0.78	DIVO	Amplify CWP Enhanced	Pair Corr
0.8	XJUN	First Trust Exchange	Pair Corr
0.81	NVBT	AIM ETF Products	Pair Corr
0.76	EAGG	iShares ESG Aggregate	Pair Corr
0.81	UDEC	Innovator SP 500	Pair Corr
0.74	RDVI	FT Cboe Vest	Pair Corr
0.72	FLGV	Franklin Liberty Treasury	Pair Corr
0.81	JUNP	PGIM Large Cap	Pair Corr
0.74	GENT	Spinnaker ETF Series	Pair Corr

Moving against IShares Etf

0.66

VIXY

ProShares VIX Short

Pair Corr

Related Correlations Analysis

	EFG	DUHP	ESGD	VONE	AVUS	VPU	VUIAX	INDA	AVDE	EZU
EFG		0.94	0.99	0.92	0.89	0.77	0.74	0.63	0.97	0.95	EFG
DUHP	0.94		0.94	0.97	0.96	0.76	0.73	0.51	0.95	0.92	DUHP
ESGD	0.99	0.94		0.92	0.91	0.71	0.68	0.63	0.99	0.95	ESGD
VONE	0.92	0.97	0.92		0.99	0.7	0.68	0.55	0.94	0.86	VONE
AVUS	0.89	0.96	0.91	0.99		0.62	0.59	0.51	0.94	0.83	AVUS
VPU	0.77	0.76	0.71	0.7	0.62		0.98	0.48	0.66	0.8	VPU
VUIAX	0.74	0.73	0.68	0.68	0.59	0.98		0.51	0.62	0.77	VUIAX
INDA	0.63	0.51	0.63	0.55	0.51	0.48	0.51		0.56	0.57	INDA
AVDE	0.97	0.95	0.99	0.94	0.94	0.66	0.62	0.56		0.92	AVDE
EZU	0.95	0.92	0.95	0.86	0.83	0.8	0.77	0.57	0.92		EZU
	EFG	DUHP	ESGD	VONE	AVUS	VPU	VUIAX	INDA	AVDE	EZU

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IShares Expanded Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Expanded 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 Expanded'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
EFG	0.63	0.00	(0.02)	0.09	0.73	(0.66)	1.18	(1.13)	3.85
DUHP	0.45	(0.02)	(0.06)	0.07	0.51	(0.50)	0.90	(0.70)	3.45
ESGD	0.53	0.01	(0.02)	0.11	0.57	(0.58)	1.05	(0.98)	3.45
VONE	0.50	0.01	0.01	0.11	0.58	(0.53)	1.18	(0.72)	4.28
AVUS	0.50	0.00	0.00	0.10	0.58	(0.51)	1.14	(0.97)	4.73
VPU	0.59	0.01	(0.06)	0.14	0.67	(0.61)	1.24	(1.09)	3.28
VUIAX	0.61	0.04	(0.09)	(0.45)	0.69	(0.65)	1.25	(1.13)	3.32
INDA	0.51	0.05	(0.09)	(1.25)	0.50	(0.55)	0.85	(0.82)	2.82
AVDE	0.50	0.01	(0.02)	0.12	0.52	(0.53)	1.02	(0.89)	3.42
EZU	0.60	0.01	(0.02)	0.12	0.64	(0.66)	1.13	(1.17)	3.26

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