FlexShares Core Correlations

BNDC Etf

USD 22.69 0.05 0.22%

The current 90-days correlation between FlexShares Core Select and Harbor ETF Trust is 0.02 (i.e., Significant diversification). The correlation of FlexShares Core 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.

FlexShares Core Correlation With Market

Average diversification

The correlation between FlexShares Core Select and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Core Select and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FlexShares Etf

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

Moving together with FlexShares Etf

0.77	BND	Vanguard Total Bond	Pair Corr
0.76	AGG	iShares Core Aggregate	Pair Corr
0.78	BIV	Vanguard Intermediate	Pair Corr
0.76	SPAB	SPDR Portfolio Aggregate	Pair Corr
0.76	EAGG	iShares ESG Aggregate	Pair Corr
0.98	FLCB	Franklin Templeton ETF	Pair Corr
0.78	UITB	VictoryShares USAA Core	Pair Corr
0.73	DFCF	Dimensional ETF Trust	Pair Corr
0.75	JAGG	JPMorgan BetaBuilders	Pair Corr
0.62	BMNZ	Tidal Trust II Upward Rally	Pair Corr
0.72	LQIG	SPDR MarketAxess Inv	Pair Corr

Moving against FlexShares Etf

0.54	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.43	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	XTWO	YETH	UCRD	WEBL	JIII	AFIF	XJUN	XBJL	UNG	HAPS
XTWO		-0.77	0.65	-0.73	0.94	0.93	0.8	0.75	-0.47	0.59	XTWO
YETH	-0.77		-0.72	0.84	-0.64	-0.62	-0.41	-0.33	0.09	-0.23	YETH
UCRD	0.65	-0.72		-0.88	0.54	0.51	0.26	0.2	-0.17	0.08	UCRD
WEBL	-0.73	0.84	-0.88		-0.64	-0.62	-0.36	-0.29	0.23	-0.24	WEBL
JIII	0.94	-0.64	0.54	-0.64		0.97	0.9	0.87	-0.45	0.73	JIII
AFIF	0.93	-0.62	0.51	-0.62	0.97		0.92	0.89	-0.43	0.77	AFIF
XJUN	0.8	-0.41	0.26	-0.36	0.9	0.92		0.99	-0.44	0.85	XJUN
XBJL	0.75	-0.33	0.2	-0.29	0.87	0.89	0.99		-0.45	0.86	XBJL
UNG	-0.47	0.09	-0.17	0.23	-0.45	-0.43	-0.44	-0.45		-0.49	UNG
HAPS	0.59	-0.23	0.08	-0.24	0.73	0.77	0.85	0.86	-0.49		HAPS
	XTWO	YETH	UCRD	WEBL	JIII	AFIF	XJUN	XBJL	UNG	HAPS

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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

XBJL	+ 0.99	XJUN
AFIF	+ 0.97	JIII
JIII	+ 0.94	XTWO
AFIF	+ 0.93	XTWO
XJUN	+ 0.92	AFIF
XJUN	+ 0.9	JIII

High negative correlations

WEBL	- 0.88	UCRD
YETH	- 0.77	XTWO
WEBL	- 0.73	XTWO
UCRD	- 0.72	YETH
JIII	- 0.64	WEBL
JIII	- 0.64	YETH

FlexShares Core Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Core 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 Core'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
XTWO	0.05	0.01	(1.22)	(0.46)	0.00	(0.07)	0.14	(0.08)	0.30
YETH	3.00	(0.46)	0.00	(0.13)	0.00	0.00	7.60	(7.19)	21.42
UCRD	0.14	0.02	(0.35)	(1.00)	0.00	(0.17)	0.32	(0.27)	0.79
WEBL	2.72	(0.53)	0.00	(5.61)	0.00	0.00	4.55	(6.77)	15.95
JIII	0.10	0.02	(0.36)	0.88	0.00	(0.12)	0.22	(0.20)	1.11
AFIF	0.10	0.02	(0.42)	0.73	0.00	(0.13)	0.21	(0.21)	0.54
XJUN	0.12	0.02	(0.33)	0.20	0.00	(0.14)	0.26	(0.21)	0.92
XBJL	0.18	0.02	(0.16)	0.17	0.00	(0.21)	0.40	(0.37)	1.30
UNG	3.94	(0.04)	0.00	0.10	0.00	0.00	8.86	(8.27)	44.60
HAPS	0.89	0.02	0.03	0.09	0.92	(0.98)	2.16	(1.81)	5.13

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