IShares SP Correlations

OEF Etf

USD 337.69 5.99 1.81%

The current 90-days correlation between iShares SP 100 and FT Vest Equity is 0.9 (i.e., Almost no 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.

IShares SP Correlation With Market

Poor diversification

The correlation between iShares SP 100 and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP 100 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in iShares SP 100. 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

0.97	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.89	VIG	Vanguard Dividend	Pair Corr
0.99	VV	Vanguard Large Cap	Pair Corr
0.98	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.89	DFAC	Dimensional Core Equity	Pair Corr
0.95	UPRO	ProShares UltraPro SP500	Pair Corr
0.98	QTJA	Innovator ETFs Trust	Pair Corr
0.82	QTOC	Innovator ETFs Trust	Pair Corr
0.77	XTOC	Innovator ETFs Trust	Pair Corr
0.97	QTAP	Innovator Growth 100	Pair Corr
0.95	XTJA	Innovator ETFs Trust	Pair Corr
0.97	XTAP	Innovator Equity Acc	Pair Corr
0.88	TCAI	Tortoise Capital Series	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.86	INTC	Intel Aggressive Push	Pair Corr
0.93	GE	GE Aerospace	Pair Corr
0.79	AXP	American Express	Pair Corr
0.92	IBM	International Business	Pair Corr

Moving against IShares Etf

0.76	T	ATT Inc	Pair Corr
0.75	VZ	Verizon Communications	Pair Corr
0.51	HD	Home Depot	Pair Corr
0.49	MCD	McDonalds	Pair Corr
0.44	DIS	Walt Disney	Pair Corr
0.31	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE
DHDG		0.21	0.34	0.84	0.05	0.01	0.72	0.68	0.01	DHDG
MBCC	0.21		0.58	0.44	0.81	0.72	0.57	0.6	0.69	MBCC
DHLX	0.34	0.58		0.56	0.54	0.46	0.52	0.64	0.59	DHLX
DIHP	0.84	0.44	0.56		0.29	0.22	0.78	0.89	0.28	DIHP
MCDS	0.05	0.81	0.54	0.29		0.61	0.41	0.47	0.63	MCDS
MCHS	0.01	0.72	0.46	0.22	0.61		0.64	0.53	0.62	MCHS
DINT	0.72	0.57	0.52	0.78	0.41	0.64		0.87	0.42	DINT
DISV	0.68	0.6	0.64	0.89	0.47	0.53	0.87		0.55	DISV
DIVE	0.01	0.69	0.59	0.28	0.63	0.62	0.42	0.55		DIVE
	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE

IShares SP Constituents 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHDG	0.22	0.03	0.05	0.10	0.21	(0.25)	0.73	(0.57)	1.64
MBCC	0.53	(0.05)	0.00	(0.05)	0.00	0.00	0.84	(1.25)	2.75
DHLX	0.59	(0.10)	0.00	(0.18)	0.00	0.00	1.02	(1.38)	2.41
DIHP	0.55	0.02	0.01	0.04	0.66	(0.56)	0.92	(1.06)	2.70
MCDS	0.59	(0.04)	0.00	(0.02)	0.00	0.00	1.10	(1.28)	4.09
MCHS	0.90	(0.14)	0.00	(0.16)	0.00	0.00	2.01	(2.15)	7.05
DINT	0.75	(0.01)	(0.01)	0.01	1.15	(0.69)	1.36	(1.95)	4.48
DISV	0.59	0.00	(0.01)	0.02	0.69	(0.65)	1.15	(1.28)	3.05
DIVE	0.56	(0.07)	0.00	(0.09)	0.00	0.00	1.07	(1.24)	4.47

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