IShares Financials Correlations

Etfs . USA . 
Etf . iShares Financials ETF
IYF Etf  USD 122.59  0.16  0.13%   
The current 90-days correlation between iShares Financials ETF and iShares Financial Services is 0.98 (i.e., Almost no diversification). The correlation of IShares Financials 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 Financials Correlation With Market

Very poor diversification

The correlation between iShares Financials ETF and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Financials ETF 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 Financials ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

  0.99XLF Financial Select SectorPairCorr
  1.0VFH Vanguard Financials IndexPairCorr
  0.96KRE SPDR SP RegionalPairCorr
  0.97KBE SPDR SP BankPairCorr
  0.97FNCL Fidelity MSCI FinancialsPairCorr
  1.0IYG iShares FinancialPairCorr
  0.94EUFN iShares MSCI Europe Sell-off TrendPairCorr
  1.0FXO First Trust FinancialsPairCorr
  0.98IAT iShares Regional BanksPairCorr
  0.98VTI Vanguard Total Stock Sell-off TrendPairCorr
  0.98SPY SPDR SP 500 Sell-off TrendPairCorr
  0.98IVV iShares Core SP Sell-off TrendPairCorr
  0.98VTV Vanguard Value IndexPairCorr
  0.97VUG Vanguard Growth IndexPairCorr
  0.99VO Vanguard Mid CapPairCorr
  0.94VEA Vanguard FTSE DevelopedPairCorr
  0.99VB Vanguard Small CapPairCorr
  0.82KWEB KraneShares CSI China Aggressive PushPairCorr
  0.78SITC Site Centers CorpPairCorr
  0.71EUSB iShares TrustPairCorr
  0.96DFEV Dimensional ETF TrustPairCorr
  0.78PALL abrdn Physical PalladiumPairCorr
  0.83KGRN KraneShares MSCI ChinaPairCorr
  0.97SRLN SPDR Blackstone SeniorPairCorr
  0.99DFAS Dimensional Small CapPairCorr
  0.94VYMI Vanguard InternationalPairCorr
  0.93MYMF SPDR SSGA My2026PairCorr
  0.93PFUT Putnam Sustainable FuturePairCorr
  0.98SAUG First Trust ExchangePairCorr
  0.89VABS Virtus Newfleet ABSMBSPairCorr
  0.96CGGO Capital Group GlobalPairCorr
  0.82VBF Invesco Van KampenPairCorr
  0.94QTOC Innovator ETFs TrustPairCorr
  0.94FXED Tidal ETF TrustPairCorr
  0.95SUPP TCW Transform SupplyPairCorr
  0.91NFLX Netflix Downward RallyPairCorr
  0.61IBIC iShares TrustPairCorr
  0.96VWO Vanguard FTSE Emerging Sell-off TrendPairCorr

Related Correlations Analysis

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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   
IYC
+ 0.99
IYJ
IYJ
+ 0.98
IYG
IYC
+ 0.98
IYG
IYM
+ 0.94
IYG
IYM
+ 0.92
IYJ
IYM
+ 0.9
IYC
  
High negative correlations   
IYH
- 0.22
IYC
IYH
- 0.19
IYJ
IYH
- 0.12
IYG

IShares Financials Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Financials 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 Financials' 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.

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