Correlation Matrix

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# of HoldingsStandard Deviation (%)Annualized Return
(%)
NameData Start DateData End Date
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Annualized Return  
 
Standard Deviation  
 
 

iShares Monthly Performance Report

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. iShares standardized performance must accompany this report. Click on the iShares name or the “iShares Monthly Performance Report” above for standardized performance information.

Standard deviation measures the volatility of an index's return.

Shares of iShares Funds are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Mutual fund performance is net of fees.

Index returns are for illustrative purposes only and do not represent actual iShares Funds or iShares Trusts performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. For actual iShares Fund or iShares Trust performance, call 1-800-iShares (1-800-474-2737) or visit www.ishares.com. Index performance information is provided by the index providers.

No proprietary technology or asset allocation model is a guarantee against loss of principal. There can be no assurance that an investment strategy based on the Correlation Calculator tool will be successful.

Correlation is a statistical measure that captures the degree of the historical relationship between the returns of a pair of investments or indexes. Correlation ranges between +1 and -1. A correlation of +1 indicates returns moved in tandem, -1 indicates returns moved in opposite directions, and 0 indicates no correlation.

This information should not be construed as investment advice regarding any security, manager, or market. The financial professional assumes full responsibility in determining the suitability and fitness of each fund, other security, account or model chosen by the financial professional and illustrated for their clients or for whom this tool may be used.

The Correlation Calculator ("tool") is provided on an "as-is" basis. BlackRock expressly disclaims all warranties, express or implied, statutory or otherwise with respect to the tool (and any results obtained from its use) including, without limitation, all warranties or merchantability, fitness for a particular purpose or use, accuracy, completeness, originality and/or non-infringement. In no event shall BlackRock have any liability for any claims, damages, obligations, liabilities or losses relating to the tool including, without limitation, any liability for any direct, indirect, special, incidental, punitive and/or consequential damages (including loss of profits or principal.

The iShares Funds that are registered with the US Securities and Exchange Commission under the Investment Company Act of 1940 ("Funds") are distributed in the US by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

Carefully consider the iShares Funds’ investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds’ prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737) or clicking here. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, narrowly focused investments, investments in smaller companies and investments in single countries typically exhibit higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume. Bonds and bond funds generally decrease in value as interest rates rise. A portion of a municipal bond fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. An investment in the fund(s) is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Diversification and asset allocation may not protect against market risk.

For the iShares Copper Trust, iShares Gold Trust, iShares Silver Trust (collectively, the "Metals Trusts"), the iShares S&P GSCI® Commodity-Indexed Trust ("Commodities Trust") and/or the iShares Diversified Alternatives Trust prospectuses, click here. Please read the prospectuses carefully before investing. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds.

The sponsor of the Metals Trusts is BlackRock Asset Management International Inc. (“BAMII”). The sponsor of the Commodities Trust is BAMII, a commodity pool operator registered with the CFTC. The sponsor of the Diversified Alternatives Trust is iShares Delaware Trust Sponsor LLC, a commodity pool operator registered with the CFTC and a subsidiary of BAMII. BlackRock Institutional Trust Company, N.A. ("BTC"), a national banking association, is the Trustee of the Commodities and Diversified Alternatives Trusts. BlackRock Investments, LLC (“BRIL”), assists in the marketing of the Metals Trusts, the Commodities Trust and the Diversified Alternatives Trust. BAMII, BTC and BRIL are affiliates of BlackRock, Inc.

The Metals Trusts are not investment companies registered under the Investment Company Act of 1940 or commodity pools for purposes of the Commodity Exchange Act. Because shares of the iShares Gold Trust and iShares Silver Trust are intended to reflect the price of the gold or silver held by each Metals Trust, respectively, the market price of the shares is subject to fluctuations similar to those affecting gold and silver prices. The price received upon the sale of shares of the Metals Trusts, which trade at market price, may be more or less than the value of the gold or silver they represent.

The iShares S&P GSCI® Commodity-Indexed Trust and the iShares Diversified Alternatives Trust are each a commodity pool as defined in the Commodity Exchange Act and the applicable regulations of the CFTC. The Commodities and the Diversified Alternatives Trusts are NOT investment companies registered under the Investment Company Act of 1940. Investments in shares of the Commodities and the Diversified Alternatives Trusts are speculative and involve a high degree of risk. You could lose all or a substantial portion of your investment in the shares of the Commodities or Diversified Alternatives Trust. Shares may trade at, above or below their NAV.

The Commodities Trust is not sponsored, endorsed, sold, or promoted by Standard & Poor's or its affiliates. Neither Standard & Poor's, nor its affiliates, make any representation regarding the advisability of investing in the Commodities Trust.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., Dow Jones Trademark Holdings, LLC, European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), JPMorgan Chase & Co., MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts ("NAREIT"), New York Stock Exchange, Inc., Russell Investment Group or Standard & Poor's, nor are they sponsored, endorsed or issued by Barclays Capital Inc. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50/Residential/Retail/Mortgage or Industrial/Office Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-US/North America/Europe/Asia Index; all rights vest in FTSE, NAREIT and EPRA. All rights in the FTSE Developed Small Cap ex-North America Index vest in FTSE. "FTSE®" is a trademark jointly owned by the of London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under license.

Information on funds and securities in the Portfolio(s) is provided by BlackRock, Interactive Data Corp. and Lipper and is strictly for illustrative purposes. It should not be deemed an offer to sell or a solicitation of an offer to buy shares of any securities other than the iShares Products that are included in this report. BlackRock is not responsible for the accuracy of third-party data. Separately managed account (SMA) performance is provided by Lipper and may be either gross or net of fees. Please consult the respective SMA managers for detailed fee information applicable to any SMA data included in this report.

Not FDIC Insured • No bank guarantee • May lose value