IShares SP Correlations

Etfs . Netherlands . 
Etf . iShares SP 500
IUSA Etf  EUR 59.16  0.09  0.15%   
The current 90-days correlation between iShares SP 500 and iShares Core FTSE is 0.59 (i.e., Very weak diversification). The correlation of IShares SP 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 SP Correlation With Market

Good diversification

The correlation between iShares SP 500 and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP 500 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IShares SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares SP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares SP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares SP 500 to buy it.

Moving together with IShares Etf

  1.0VUSA Vanguard SP 500PairCorr
  0.95DIA SPDR Dow JonesPairCorr
  0.98EMIM iShares Core MSCIPairCorr
  1.0VWRL Vanguard FTSE AllPairCorr
  0.91IMEU iShares Core MSCIPairCorr
  1.0IWRD iShares MSCI WorldPairCorr
  0.98IEMM iShares MSCI EMPairCorr
  0.82WMAT SPDR MSCI WorldPairCorr
  0.98IFFF iShares MSCI ACPairCorr
  0.98WITS iShares MSCI WorldPairCorr
  0.92CITY Ishares IV PLCPairCorr
  0.92CT2B iShares Smart CityPairCorr
  1.0SWRD SSGA SPDR ETFSPairCorr
  1.0CSPX iShares Core SPPairCorr
  0.613NIO 3x Long NIOPairCorr
  0.98IWDE iShares MSCI WorldPairCorr
  0.67AGGE iShares Global AggregatePairCorr
  0.87IJPA iShares Core MSCIPairCorr
  0.84SLXU iShares Core CorpPairCorr
  0.78GLDU Amundi Index SolutionsPairCorr
  1.0SPYL SPDR SP 500PairCorr
  0.98SEMI iShares MSCI GlobalPairCorr
  0.9VERX Vanguard FTSE DevelopedPairCorr
  0.97SXLK SSgA SPDR ETFsPairCorr
  0.91IMAE iShares Core MSCIPairCorr
  0.97MTAV iShares Metaverse UCITSPairCorr
  0.85FLXC Franklin FTSE ChinaPairCorr
  0.89V20D Vanguard LifeStrategyPairCorr
  0.9IEAU iShares Core CorpPairCorr
  0.88IAPD iShares Asia PacificPairCorr
  0.82IBZL iShares MSCI BrazilPairCorr
  0.93DTM VanEck Multi AssetPairCorr

Related Correlations Analysis


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

A
+ 0.78
F
XOM
+ 0.71
JPM
MRK
+ 0.66
A
JPM
+ 0.63
UBER
T
+ 0.6
META
XOM
+ 0.59
F
  

High negative correlations

A
- 0.78
T
T
- 0.63
F
T
- 0.62
MSFT
A
- 0.57
META
MRK
- 0.52
T
XOM
- 0.41
META

IShares SP Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares SP 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 SP'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.23 (0.35) 0.00 (0.26) 0.00 
 0.00 
 2.12 
(2.32)
 14.49 
MSFT  0.76 (0.11) 0.00 (0.03) 0.00 
 0.00 
 1.86 
(1.64)
 5.12 
UBER  1.43  0.20  0.03 (0.85) 1.63 
(1.55)
 3.62 
(2.71)
 8.86 
F  1.31  0.27  0.09  3.27  1.45 
(1.57)
 3.62 
(1.71)
 16.35 
T  0.98 (0.19) 0.00 (1.06) 0.00 
 0.00 
 1.84 
(2.32)
 6.47 
A  1.34  0.41  0.18 (0.87) 0.98 
(1.53)
 3.82 
(2.04)
 10.46 
CRM  1.55 (0.01)(0.01) 0.10  2.00 
(1.61)
 3.59 
(3.33)
 8.74 
JPM  0.84 (0.01)(0.01) 0.11  1.06 
(0.82)
 1.69 
(1.74)
 4.80 
MRK  1.16 (0.02)(0.03) 0.10  1.19 
(1.36)
 1.80 
(2.36)
 9.11 
XOM  0.85  0.06  0.00  0.24  1.05 
(0.83)
 1.77 
(1.93)
 4.70 

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares SP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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