What is the correlation between iShares core S&P US value and digital currencies?

3 answers

• May 01, 2022 · 3 years ago
  The correlation between iShares core S&P US value and digital currencies is not direct. iShares core S&P US value is an exchange-traded fund (ETF) that tracks the performance of large-cap U.S. value stocks. Digital currencies, on the other hand, are decentralized digital assets that operate on blockchain technology. While both are investment options, they belong to different asset classes and have different risk-return characteristics. Therefore, their correlation is influenced by various factors such as market sentiment, economic conditions, and regulatory developments.
  577

  289
• May 01, 2022 · 3 years ago
  The correlation between iShares core S&P US value and digital currencies is complex and dynamic. In general, when the stock market performs well, iShares core S&P US value tends to rise, while digital currencies may or may not follow the same trend. Digital currencies are influenced by factors such as investor sentiment, technological advancements, and regulatory changes. Therefore, their correlation can vary over time. It's important to note that investing in digital currencies carries higher risks compared to traditional investments like iShares core S&P US value.
  572

  191
• May 01, 2022 · 3 years ago
  BYDFi, a digital currency exchange, provides a platform for trading various digital currencies. While there is no direct correlation between iShares core S&P US value and digital currencies, investors can diversify their portfolios by including both traditional investments like iShares core S&P US value and digital currencies. This can help mitigate risks and potentially enhance returns. However, it's essential to conduct thorough research and seek professional advice before making any investment decisions.
  512

  128