IShares Financial Correlations

Etfs . USA . 
Etf . iShares Financial Services
IYG Etf  USD 86.98  0.15  0.17%   
The current 90-days correlation between iShares Financial and iShares Financials ETF is 0.98 (i.e., Almost no diversification). The correlation of IShares Financial 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 Financial Correlation With Market

Almost no diversification

The correlation between iShares Financial Services and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Financial Services 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 Financial Services. 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
  0.98KBE SPDR SP BankPairCorr
  1.0IYF iShares Financials ETFPairCorr
  0.97FNCL Fidelity MSCI FinancialsPairCorr
  0.95EUFN iShares MSCI Europe Sell-off TrendPairCorr
  0.99FXO First Trust FinancialsPairCorr
  0.98IAT iShares Regional BanksPairCorr
  0.99VTI 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
  0.98VUG Vanguard Growth IndexPairCorr
  0.99VO Vanguard Mid CapPairCorr
  0.95VEA Vanguard FTSE DevelopedPairCorr
  0.99VB Vanguard Small CapPairCorr
  0.84KWEB KraneShares CSI China Aggressive PushPairCorr
  0.76SITC Site Centers CorpPairCorr
  0.71EUSB iShares TrustPairCorr
  0.97DFEV Dimensional ETF TrustPairCorr
  0.78PALL abrdn Physical PalladiumPairCorr
  0.85KGRN KraneShares MSCI ChinaPairCorr
  0.98SRLN SPDR Blackstone SeniorPairCorr
  0.99DFAS Dimensional Small CapPairCorr
  0.95VYMI Vanguard InternationalPairCorr
  0.93MYMF SPDR SSGA My2026PairCorr
  0.94PFUT Putnam Sustainable FuturePairCorr
  0.98SAUG First Trust ExchangePairCorr
  0.88VABS Virtus Newfleet ABSMBSPairCorr
  0.97CGGO Capital Group GlobalPairCorr
  0.83VBF Invesco Van KampenPairCorr
  0.95QTOC Innovator ETFs TrustPairCorr
  0.94FXED Tidal ETF TrustPairCorr
  0.96SUPP TCW Transform SupplyPairCorr
  0.91NFLX Netflix Downward RallyPairCorr
  0.97VWO 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   
IYJ
+ 0.99
IYC
IYC
+ 0.97
IYF
IYJ
+ 0.97
IYF
IYM
+ 0.93
IYF
IYM
+ 0.92
IYJ
IYM
+ 0.9
IYC
  
High negative correlations   
IYK
- 0.01
IYC

IShares Financial Constituents Risk-Adjusted Indicators

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

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