IShares Core Correlations

ITOT Etf

USD 145.76 2.21 1.54%

The current 90-days correlation between iShares Core SP and Capitol Series Trust is -0.02 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Core Correlation With Market

Poor diversification

The correlation between iShares Core SP and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core SP 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 SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with IShares Etf

1.0	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.93	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.97	DFAC	Dimensional Core Equity	Pair Corr
1.0	UPRO	ProShares UltraPro SP500	Pair Corr
0.93	QTJA	Innovator ETFs Trust	Pair Corr
0.88	QTOC	Innovator ETFs Trust	Pair Corr
0.86	XTOC	Innovator ETFs Trust	Pair Corr
0.95	QTAP	Innovator Growth 100	Pair Corr
0.89	XTJA	Innovator ETFs Trust	Pair Corr
0.94	XTAP	Innovator Equity Acc	Pair Corr
0.88	TCAI	Tortoise Capital Series	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.8	INTC	Intel Aggressive Push	Pair Corr
0.92	GE	GE Aerospace	Pair Corr
0.71	AXP	American Express	Pair Corr
0.8	IBM	International Business	Pair Corr

Moving against IShares Etf

0.39	SPLG	SSgA Symbol Change	Pair Corr
0.7	T	ATT Inc	Pair Corr
0.7	VZ	Verizon Communications	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.33	HD	Home Depot	Pair Corr
0.31	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	HTUS	DHSB	QNXT	MBOX	HUMN	DIEM	MCHI	ZIPP	DIPS
HTUS		0.76	0.73	0.17	0.79	0.85	0.54	0.67	-0.78	HTUS
DHSB	0.76		0.84	0.29	0.8	0.89	0.55	0.66	-0.73	DHSB
QNXT	0.73	0.84		0.57	0.94	0.69	0.75	0.89	-0.52	QNXT
MBOX	0.17	0.29	0.57		0.52	0.14	0.78	0.58	0.09	MBOX
HUMN	0.79	0.8	0.94	0.52		0.68	0.78	0.93	-0.61	HUMN
DIEM	0.85	0.89	0.69	0.14	0.68		0.5	0.56	-0.77	DIEM
MCHI	0.54	0.55	0.75	0.78	0.78	0.5		0.8	-0.31	MCHI
ZIPP	0.67	0.66	0.89	0.58	0.93	0.56	0.8		-0.45	ZIPP
DIPS	-0.78	-0.73	-0.52	0.09	-0.61	-0.77	-0.31	-0.45		DIPS
	HTUS	DHSB	QNXT	MBOX	HUMN	DIEM	MCHI	ZIPP	DIPS

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

HUMN	+ 0.94	QNXT
ZIPP	+ 0.93	HUMN
DIEM	+ 0.89	DHSB
ZIPP	+ 0.89	QNXT
DIEM	+ 0.85	HTUS
QNXT	+ 0.84	DHSB

High negative correlations

DIPS	- 0.78	HTUS
DIPS	- 0.77	DIEM
DIPS	- 0.73	DHSB
DIPS	- 0.61	HUMN
DIPS	- 0.52	QNXT
DIPS	- 0.45	ZIPP

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
HTUS	0.46	0.04	0.03	15.37	0.62	(0.45)	1.06	(0.87)	3.17
DHSB	0.15	0.00	(0.04)	0.03	0.21	(0.15)	0.31	(0.43)	1.12
QNXT	0.78	0.01	0.01	0.03	1.05	(0.77)	1.57	(1.64)	5.77
MBOX	0.50	(0.02)	0.00	(0.02)	0.00	0.00	0.98	(1.08)	3.23
HUMN	1.42	(0.08)	0.00	(0.03)	0.00	0.00	2.58	(2.65)	8.20
DIEM	0.60	0.05	0.04	0.08	0.85	(0.59)	1.14	(1.19)	4.59
MCHI	1.07	(0.01)	(0.01)	0.01	1.49	(1.09)	1.74	(1.68)	8.40
ZIPP	3.46	(0.11)	0.00	(0.02)	0.00	0.00	6.56	(7.71)	19.27
DIPS	1.42	0.05	0.00	(0.03)	2.03	(1.42)	3.03	(3.12)	8.87

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