IShares 20 Correlations

Etfs . USA . 
Etf . iShares 20 Year
TLT Etf  USD 93.01  0.64  0.69%   
The current 90-days correlation between iShares 20 Year and iShares 7 10 Year is 0.93 (i.e., Almost no diversification). The correlation of IShares 20 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 20 Correlation With Market

Very good diversification

The correlation between iShares 20 Year and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares 20 Year and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares 20 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 bureau of economic analysis.

Moving together with IShares Etf

  0.99IEF iShares 7 10PairCorr
  1.0SPTL SPDR Barclays LongPairCorr
  1.0TLH iShares 10 20PairCorr
  1.0EDV Vanguard ExtendedPairCorr
  1.0GOVZ iShares 25 Year Low VolatilityPairCorr
  1.0SCHQ Schwab Long TermPairCorr
  0.94BNDD Quadratic Deflation ETFPairCorr
  0.98TYA Simplify Exchange Traded Low VolatilityPairCorr
  0.93MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.87KO Coca Cola Sell-off TrendPairCorr
  0.69PFE Pfizer Inc Aggressive PushPairCorr

Moving against IShares Etf

  0.92NVDL GraniteShares 15x LongPairCorr
  0.92NVDX T Rex 2XPairCorr
  0.92NVDU Direxion Daily NVDAPairCorr
  0.84CRPT First Trust SkyBridgePairCorr
  0.83USD ProShares Ultra SemiPairCorr
  0.83DAPP VanEck Digital TransPairCorr
  0.74BITX Volatility Shares Trust Upward RallyPairCorr
  0.74DPST Direxion Daily RegionalPairCorr
  0.72CONL GraniteShares ETF Trust Upward RallyPairCorr
  0.83JPM JPMorgan Chase Sell-off TrendPairCorr
  0.83BAC Bank of America Aggressive PushPairCorr
  0.81HPQ HP IncPairCorr
  0.77AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.7DIS Walt Disney Aggressive PushPairCorr
  0.68XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.63T ATT Inc Aggressive PushPairCorr
  0.6HD Home Depot Sell-off TrendPairCorr

Related Correlations Analysis

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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   
LQD
+ 0.96
IEF
LQD
+ 0.82
SHY
SHY
+ 0.73
IEF
HYG
+ 0.64
IWM
HYG
+ 0.28
SHY
  
High negative correlations   
IWM
- 0.72
IEF
LQD
- 0.57
IWM
IWM
- 0.41
SHY
HYG
- 0.33
IEF
HYG
- 0.1
LQD

IShares 20 Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares 20 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 20'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.

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