IShares SP Correlations
IJK Etf | USD 91.09 0.64 0.71% |
The current 90-days correlation between iShares SP Mid and First Trust NYSE is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares SP Mid Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
IShares SP Correlation With Market
Poor diversification
The correlation between iShares SP Mid Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares SP Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
0.84 | VOT | Vanguard Mid Cap | PairCorr |
0.8 | IWP | iShares Russell Mid | PairCorr |
0.77 | ARKK | ARK Innovation ETF | PairCorr |
0.77 | JKH | iShares Morningstar Mid | PairCorr |
0.96 | KOMP | SPDR Kensho New | PairCorr |
1.0 | MDYG | SPDR SP 400 | PairCorr |
0.87 | IMCG | iShares Morningstar Mid | PairCorr |
0.76 | FPX | First Trust Equity | PairCorr |
1.0 | IVOG | Vanguard SP Mid | PairCorr |
0.66 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.63 | QTOC | Innovator ETFs Trust | PairCorr |
0.69 | XTJA | Innovator ETFs Trust | PairCorr |
0.69 | XDJA | Innovator ETFs Trust | PairCorr |
0.68 | XTAP | Innovator Equity Acc | PairCorr |
0.72 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.68 | CSCO | Cisco Systems | PairCorr |
0.65 | HPQ | HP Inc Fiscal Year End 19th of November 2024 | PairCorr |
0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.7 | HD | Home Depot | PairCorr |
0.67 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FBT | 0.73 | 0.12 | 0.10 | 0.27 | 0.59 | 2.15 | 5.03 | |||
FVD | 0.49 | 0.07 | 0.06 | 0.21 | 0.32 | 1.20 | 4.23 | |||
444859BR2 | 0.69 | 0.03 | (0.05) | 0.60 | 1.28 | 1.29 | 8.07 | |||
AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
MSTSX | 0.54 | 0.02 | (0.01) | 0.14 | 0.56 | 1.18 | 4.07 | |||
ABHYX | 0.17 | 0.06 | (0.21) | (0.48) | 0.00 | 0.45 | 1.33 | |||
LBHIX | 0.17 | 0.05 | (0.17) | 3.58 | 0.00 | 0.49 | 1.46 | |||
SCAXF | 1.03 | (0.63) | 0.00 | (0.61) | 0.00 | 0.00 | 34.67 | |||
VIASP | 1.64 | (0.04) | (0.04) | (0.03) | 2.82 | 3.41 | 13.57 |