IShares High Correlations

XHD Etf

CAD 34.62 0.26 0.75%

The current 90-days correlation between iShares High Dividend and Vanguard Dividend Appreciation is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares High Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares High Correlation With Market

Good diversification

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

The ability to find closely correlated positions to IShares High 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 High 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 High - 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 High Dividend to buy it.

Moving together with IShares Etf

0.9	VGG	Vanguard Dividend	Pair Corr
0.93	CUD	iShares Dividend Growers	Pair Corr
0.94	ZDY	BMO Dividend ETF	Pair Corr
0.94	ZWH	BMO High Dividend	Pair Corr
0.93	VGH	Vanguard Dividend	Pair Corr
0.87	RUD	RBC Quant Dividend	Pair Corr
0.95	ZUD	BMO Dividend Hedged	Pair Corr
0.92	FCUD	Fidelity High Dividend	Pair Corr
0.87	RUDH	RBC Quant Dividend	Pair Corr
0.88	XIU	iShares SPTSX 60	Pair Corr
0.9	XSP	iShares Core SP	Pair Corr
0.89	XIC	iShares Core SPTSX	Pair Corr
0.88	ZCN	BMO SPTSX Capped	Pair Corr
0.87	ZSP	BMO SP 500	Pair Corr
0.87	VFV	Vanguard SP 500	Pair Corr
0.9	ZEB	BMO SPTSX Equal	Pair Corr

Moving against IShares Etf

0.7

TCLB

TD Canadian Long

Pair Corr

Related Correlations Analysis

	VGG	CUD	ZDY	ZWH	VGH	RUD	XHD	ZUD	FCUD	RUDH
VGG		0.95	0.99	0.98	0.98	0.99	0.9	0.96	0.97	0.94	VGG
CUD	0.95		0.95	0.95	0.95	0.95	0.93	0.95	0.94	0.92	CUD
ZDY	0.99	0.95		1.0	0.98	0.97	0.94	0.98	0.99	0.94	ZDY
ZWH	0.98	0.95	1.0		0.98	0.97	0.94	0.98	0.99	0.93	ZWH
VGH	0.98	0.95	0.98	0.98		0.97	0.93	0.99	0.96	0.96	VGH
RUD	0.99	0.95	0.97	0.97	0.97		0.87	0.95	0.96	0.96	RUD
XHD	0.9	0.93	0.94	0.94	0.93	0.87		0.95	0.92	0.87	XHD
ZUD	0.96	0.95	0.98	0.98	0.99	0.95	0.95		0.96	0.95	ZUD
FCUD	0.97	0.94	0.99	0.99	0.96	0.96	0.92	0.96		0.92	FCUD
RUDH	0.94	0.92	0.94	0.93	0.96	0.96	0.87	0.95	0.92		RUDH
	VGG	CUD	ZDY	ZWH	VGH	RUD	XHD	ZUD	FCUD	RUDH

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IShares High Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares High 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 High'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
VGG	0.64	0.12	0.00	2.67	0.75	(0.67)	1.29	(1.33)	4.80
CUD	0.64	0.08	(0.04)	0.61	0.63	(0.68)	1.79	(1.24)	4.02
ZDY	0.63	0.13	0.00	2.23	0.67	(0.65)	1.37	(1.36)	4.79
ZWH	0.63	0.12	(0.01)	7.69	0.64	(0.72)	1.50	(0.91)	4.42
VGH	0.61	0.14	0.02	2.41	0.59	(0.71)	1.33	(1.06)	3.92
RUD	0.73	0.15	0.04	0.91	0.74	(0.82)	1.61	(1.60)	5.85
XHD	0.56	0.08	(0.08)	(0.90)	0.59	(0.59)	1.78	(1.03)	3.80
ZUD	0.63	0.13	0.02	1.15	0.58	(0.74)	1.35	(1.12)	3.56
FCUD	0.66	0.16	0.03	(34.33)	0.61	(0.79)	1.79	(1.21)	4.62
RUDH	0.68	0.15	0.05	0.77	0.58	(0.81)	1.53	(0.96)	5.89

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Our tools can tell you how much better you can do entering a position in IShares High 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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