IShares Core Correlations

IPAC Etf

USD 66.21 0.80 1.19%

The current 90-days correlation between iShares Core MSCI and iShares Core MSCI is 0.93 (i.e., Almost no diversification). The correlation of IShares Core 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 Core Correlation With Market

Very poor diversification

The correlation between iShares Core MSCI and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI 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 Core MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

1.0	VPL	Vanguard FTSE Pacific	Pair Corr
0.7	JNUG	Direxion Daily Junior	Pair Corr
0.61	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.94	FINX	Global X FinTech	Pair Corr
0.67	BAMU	Brookstone Ultra Short	Pair Corr
0.92	EAOK	iShares ESG Aware	Pair Corr
0.93	QQQ	Invesco QQQ Trust Sell-off Trend	Pair Corr
0.79	INFR	ClearBridge Sustainable	Pair Corr
0.85	INDA	iShares MSCI India Sell-off Trend	Pair Corr
0.85	STEW	SRH Total Return	Pair Corr
0.95	JDIV	JP Morgan Exchange	Pair Corr
0.76	ARCM	Arrow Reserve Capital	Pair Corr
0.95	AVES	Avantis Emerging Markets	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.8	ETHT	ProShares Trust	Pair Corr
0.81	RINF	ProShares Inflation	Pair Corr
0.94	AQLT	iShares MSCI Global	Pair Corr
0.98	UPV	ProShares Ultra FTSE	Pair Corr
0.92	TOV	EA Series Trust	Pair Corr
0.89	SMH	VanEck Semiconductor ETF	Pair Corr
0.89	OOSB	One One SP	Pair Corr
0.86	MKOR	Matthews International	Pair Corr
0.67	SGDM	Sprott Gold Miners	Pair Corr
0.83	DSPY	Tema ETF Trust	Pair Corr
0.94	VEGI	iShares MSCI Global	Pair Corr
0.91	CNEQ	Alger ETF	Pair Corr
0.94	AQWA	Global X Clean	Pair Corr
0.98	FNDC	Schwab Fundamental	Pair Corr
0.97	GPGEX	Grandeur Peak Global	Pair Corr
0.96	NZAC	SPDR MSCI ACWI	Pair Corr
0.92	PJUL	Innovator SP 500	Pair Corr
0.94	QMFE	FT Vest Nasdaq	Pair Corr

Moving against IShares Etf

0.77	ARKC	ARK 21Shares Active Low Volatility	Pair Corr
0.75	WTID	UBS ETRACS	Pair Corr

Related Correlations Analysis

	IEUR	IAGG	ILTB	EEMS	IQLT
IEUR		0.6	-0.19	0.97	1.0	IEUR
IAGG	0.6		-0.41	0.64	0.62	IAGG
ILTB	-0.19	-0.41		-0.19	-0.21	ILTB
EEMS	0.97	0.64	-0.19		0.97	EEMS
IQLT	1.0	0.62	-0.21	0.97		IQLT
	IEUR	IAGG	ILTB	EEMS	IQLT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

IQLT	+ 1.0	IEUR
EEMS	+ 0.97	IEUR
IQLT	+ 0.97	EEMS
EEMS	+ 0.64	IAGG
IQLT	+ 0.62	IAGG
IAGG	+ 0.6	IEUR

High negative correlations

ILTB	- 0.41	IAGG
IQLT	- 0.21	ILTB
EEMS	- 0.19	ILTB
ILTB	- 0.19	IEUR

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
IEUR	0.87	0.06	0.04	0.10	1.53	(0.88)	2.00	(1.50)	9.61
IAGG	0.13	0.03	0.07	(4.21)	0.00	(0.14)	0.28	(0.32)	0.74
ILTB	0.65	(0.03)	0.00	(0.12)	0.00	0.00	1.13	(1.63)	4.49
EEMS	0.93	0.13	0.08	0.20	1.38	(0.91)	1.67	(1.75)	7.54
IQLT	0.80	0.06	0.04	0.09	1.40	(0.81)	1.77	(1.52)	9.23

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC