FlexShares Real Correlations

ASET Etf

USD 31.97 0.17 0.53%

The current 90-days correlation between FlexShares Real Assets and iShares MSCI Emerging is 0.71 (i.e., Poor diversification). The correlation of FlexShares Real 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.

FlexShares Real Correlation With Market

Very weak diversification

The correlation between FlexShares Real Assets and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Real Assets and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in FlexShares Real Assets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with FlexShares Etf

0.83	ACWV	iShares MSCI Global	Pair Corr
0.77	SDG	iShares MSCI Global	Pair Corr
0.62	ITDD	iShares Trust	Pair Corr
0.83	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.72	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.8	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.73	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	EEMV	ZFL	EFAV	VUS	XEF
EEMV		-0.06	0.39	0.08	0.79	EEMV
ZFL	-0.06		0.67	-0.65	0.13	ZFL
EFAV	0.39	0.67		-0.76	0.62	EFAV
VUS	0.08	-0.65	-0.76		-0.14	VUS
XEF	0.79	0.13	0.62	-0.14		XEF
	EEMV	ZFL	EFAV	VUS	XEF

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

XEF	+ 0.79	EEMV
EFAV	+ 0.67	ZFL
XEF	+ 0.62	EFAV
EFAV	+ 0.39	EEMV
XEF	+ 0.13	ZFL
VUS	+ 0.08	EEMV

High negative correlations

VUS	- 0.76	EFAV
VUS	- 0.65	ZFL
XEF	- 0.14	VUS
ZFL	- 0.06	EEMV

FlexShares Real Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Real 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 FlexShares Real'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
EEMV	0.52	(0.03)	(0.18)	(0.03)	0.67	(0.51)	1.23	(1.09)	3.35
ZFL	0.57	(0.07)	0.00	0.54	0.00	0.00	1.28	(1.06)	3.27
EFAV	0.47	(0.09)	0.00	(0.24)	0.00	0.00	0.84	(0.98)	3.27
VUS	0.56	0.06	(0.03)	0.27	0.62	(0.61)	1.04	(1.31)	4.19
XEF	0.52	(0.05)	0.00	(0.70)	0.00	0.00	0.99	(1.03)	3.85

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC