IShares Preferred Correlations
| PFF Etf | USD 32.70 0.06 0.18% |
The current 90-days correlation between iShares Preferred and ETF Series Solutions is 0.21 (i.e., Modest diversification). The correlation of IShares Preferred 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.
IShares Preferred Correlation With Market
Modest diversification
The correlation between iShares Preferred and and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Preferred and and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
| 0.96 | FPE | First Trust Preferred Sell-off Trend | PairCorr |
| 0.92 | PGX | Invesco Preferred ETF | PairCorr |
| 0.99 | PFFD | Global X Preferred | PairCorr |
| 0.78 | VRP | Invesco Variable Rate | PairCorr |
| 0.86 | PGF | Invesco Financial | PairCorr |
| 0.86 | PSK | SPDR ICE Preferred | PairCorr |
| 0.98 | PFXF | VanEck Preferred Sec | PairCorr |
| 0.93 | FPEI | First Trust Institutional | PairCorr |
| 0.93 | PFFA | Virtus InfraCap Preferred | PairCorr |
| 0.65 | EWC | iShares MSCI Canada | PairCorr |
| 0.69 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | HD | Home Depot | PairCorr |
Moving against IShares Etf
| 0.7 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.58 | BA | Boeing Fiscal Year End 29th of January 2025 | 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
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IShares Preferred Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Preferred 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 Preferred'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSTQ | 0.74 | (0.06) | (0.06) | 0.05 | 1.10 | 1.54 | 4.71 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTSX | 0.48 | (0.04) | (0.13) | 0.06 | 0.50 | 1.21 | 2.80 | |||
| ABHYX | 0.17 | 0.02 | (0.25) | (0.03) | 0.26 | 0.34 | 1.91 | |||
| LBHIX | 0.11 | 0.01 | (0.41) | 0.46 | 0.00 | 0.24 | 0.96 | |||
| SCAXF | 0.70 | (0.37) | 0.00 | (25.57) | 0.00 | 0.00 | 23.47 | |||
| VIASP | 0.72 | 0.00 | (0.02) | 0.00 | 1.05 | 2.28 | 7.18 | |||
| RRTLX | 0.24 | (0.02) | (0.31) | 0.05 | 0.24 | 0.56 | 1.37 | |||
| OSHDF | 39.65 | 20.22 | 0.00 | (24.88) | 0.00 | 0.00 | 1,329 | |||
| JRBEX | 0.35 | (0.03) | (0.21) | 0.05 | 0.40 | 0.79 | 2.14 |