IShares 1 Correlations

SHY Etf

USD 82.53 0.16 0.19%

The current 90-days correlation between iShares 1 3 and iShares 7 10 Year is 0.81 (i.e., Very poor diversification). The correlation of IShares 1 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 1 Correlation With Market

Average diversification

The correlation between iShares 1 3 Year and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 1 3 Year and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares 1 3 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

0.78	LMBS	First Trust Low	Pair Corr
1.0	SPTS	SPDR Barclays Short	Pair Corr
0.93	AGZ	iShares Agency Bond	Pair Corr
0.96	FTSD	Franklin Liberty Short	Pair Corr
1.0	UTWO	Rbb Fund	Pair Corr
1.0	XTWO	Bondbloxx ETF Trust	Pair Corr
0.99	XTRE	Bondbloxx ETF Trust	Pair Corr
0.94	TRSY	Xtrackers 0 1	Pair Corr
0.98	SLDR	Global X Short	Pair Corr
0.7	IDV	iShares International	Pair Corr
0.96	MYCF	SPDR SSGA My2026	Pair Corr
0.89	IBND	SPDR Bloomberg Inter	Pair Corr
0.64	CEF	Sprott Physical Gold	Pair Corr

Moving against IShares Etf

0.91	TECL	Direxion Daily Technology	Pair Corr
0.9	USD	ProShares Ultra Semi	Pair Corr
0.9	SPXL	Direxion Daily SP500	Pair Corr
0.9	UPRO	ProShares UltraPro SP500	Pair Corr
0.88	ROM	ProShares Ultra Tech	Pair Corr
0.88	QLD	ProShares Ultra QQQ	Pair Corr
0.88	SOXX	iShares Semiconductor ETF	Pair Corr
0.87	SMH	VanEck Semiconductor ETF	Pair Corr
0.39	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.77	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.74	BAC	Bank of America	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.73	AXP	American Express	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.67	JPM	JPMorgan Chase	Pair Corr
0.63	PFE	Pfizer Inc	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.49	GE	GE Aerospace	Pair Corr
0.45	WMT	Walmart	Pair Corr
0.37	BA	Boeing	Pair Corr
0.35	VWO	Vanguard FTSE Emerging	Pair Corr
0.35	PG	Procter Gamble	Pair Corr
0.35	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.77	0.19	-0.33	-0.66	0.94	0.91	0.88	0.49	0.17	META
MSFT	0.77		0.36	0.0	-0.5	0.72	0.69	0.82	0.34	0.02	MSFT
UBER	0.19	0.36		0.08	0.34	-0.04	0.17	0.38	-0.24	0.16	UBER
F	-0.33	0.0	0.08		0.43	-0.25	-0.34	-0.25	0.27	0.48	F
T	-0.66	-0.5	0.34	0.43		-0.76	-0.69	-0.52	-0.35	0.29	T
A	0.94	0.72	-0.04	-0.25	-0.76		0.87	0.82	0.62	0.2	A
CRM	0.91	0.69	0.17	-0.34	-0.69	0.87		0.84	0.39	0.09	CRM
JPM	0.88	0.82	0.38	-0.25	-0.52	0.82	0.84		0.22	0.13	JPM
MRK	0.49	0.34	-0.24	0.27	-0.35	0.62	0.39	0.22		0.44	MRK
XOM	0.17	0.02	0.16	0.48	0.29	0.2	0.09	0.13	0.44		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

A	+ 0.94	META
CRM	+ 0.91	META
JPM	+ 0.88	META
CRM	+ 0.87	A
JPM	+ 0.84	CRM
JPM	+ 0.82	MSFT

High negative correlations

A	- 0.76	T
CRM	- 0.69	T
T	- 0.66	META
JPM	- 0.52	T
T	- 0.5	MSFT
MRK	- 0.35	T

IShares 1 Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 1 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 1'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
META	2.27	0.04	0.00	(0.09)	0.00	0.00	4.00	(4.67)	21.50
MSFT	1.50	0.11	0.05	(0.01)	2.01	(1.50)	3.19	(3.34)	13.79
UBER	2.36	0.55	0.16	0.31	2.83	(2.44)	5.87	(4.21)	16.03
F	1.89	0.20	0.07	0.08	2.64	(1.92)	3.19	(3.88)	13.11
T	1.17	0.26	0.14	0.56	2.24	(1.15)	1.97	(3.02)	9.07
A	1.65	(0.31)	0.00	(0.38)	0.00	0.00	2.80	(5.45)	14.45
CRM	1.80	(0.32)	0.00	2.94	0.00	0.00	2.91	(4.51)	13.13
JPM	1.58	0.08	0.00	(0.05)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.50	(0.18)	0.00	(0.52)	0.00	0.00	2.43	(4.81)	10.07
XOM	1.39	0.08	0.00	(0.01)	0.00	0.00	2.80	(3.21)	10.54

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