This module allows you to analyze existing cross correlation between PIMCO 1 5 Year US TIPS ETF and iShares TIPS Bond. You can compare the effects of market volatilities on PIMCO 1 and iShares TIPS and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in PIMCO 1 with a short position of iShares TIPS. See also your portfolio center
. Please also check ongoing floating volatility patterns of PIMCO 1
and iShares TIPS
PIMCO 1 5 Year US TIPS ETF vs iShares TIPS Bond
If you would invest 11,320 in iShares TIPS Bond on December 23, 2017 and sell it today you would earn a total of 0.00 from holding iShares TIPS Bond or generate 0.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding PIMCO 1 5 Year US TIPS ETF and iShares TIPS Bond in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on iShares TIPS Bond and PIMCO 1 is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on PIMCO 1 5 Year US TIPS ETF are associated (or correlated) with iShares TIPS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of iShares TIPS Bond has no effect on the direction of PIMCO 1 i.e. PIMCO 1 and iShares TIPS go up and down completely randomly.
Over the last 30 days PIMCO 1 5 Year US TIPS ETF has generated negative risk-adjusted returns adding no value to investors with long positions.