IShares Global Correlations

CIF Etf

CAD 65.59 1.04 1.61%

The current 90-days correlation between iShares Global Infra and Hamilton Enhanced Multi Sector is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Global Infrastructure moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares Global Correlation With Market

Poor diversification

The correlation between iShares Global Infrastructure and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Global Infrastructure to buy it.

Moving together with IShares Etf

0.93	RIIN	Russell Investments	Pair Corr
0.98	CINF	CI Global Infrastructure	Pair Corr
0.84	ZGI	BMO Global Infrastructure	Pair Corr
0.94	TINF	TD Active Global	Pair Corr
0.85	NREA	NBI Global Real	Pair Corr
0.93	DXN	Dynamic Active Global	Pair Corr
0.9	BREA	Brompton Sustainable Real	Pair Corr
0.75	QINF	Mackenzie Global Inf	Pair Corr
0.66	HBGD	Global X Big	Pair Corr
0.74	HBGD-U	Global X Big	Pair Corr
0.7	EQL-U	Invesco SP 500	Pair Corr
0.66	DXBG	Dynamic Global Fixed	Pair Corr
0.7	XSMC	iShares SP Small	Pair Corr
0.66	HGGG	Harvest Global Gold	Pair Corr

Moving against IShares Etf

0.63

GDPY-B

Guardian Directed Premium

Pair Corr

Related Correlations Analysis

	PDC	XHY	WSRD	UMAX	VEF	WSRI	DXG	QAH	VGH	HDIV
PDC		0.52	0.41	0.67	0.61	0.46	0.34	0.37	0.66	0.53	PDC
XHY	0.52		0.85	0.37	0.92	0.85	0.78	0.83	0.91	0.94	XHY
WSRD	0.41	0.85		0.41	0.89	0.86	0.82	0.78	0.83	0.85	WSRD
UMAX	0.67	0.37	0.41		0.55	0.41	0.41	0.14	0.49	0.35	UMAX
VEF	0.61	0.92	0.89	0.55		0.84	0.76	0.74	0.89	0.93	VEF
WSRI	0.46	0.85	0.86	0.41	0.84		0.79	0.68	0.86	0.87	WSRI
DXG	0.34	0.78	0.82	0.41	0.76	0.79		0.76	0.82	0.74	DXG
QAH	0.37	0.83	0.78	0.14	0.74	0.68	0.76		0.84	0.83	QAH
VGH	0.66	0.91	0.83	0.49	0.89	0.86	0.82	0.84		0.89	VGH
HDIV	0.53	0.94	0.85	0.35	0.93	0.87	0.74	0.83	0.89		HDIV
	PDC	XHY	WSRD	UMAX	VEF	WSRI	DXG	QAH	VGH	HDIV

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IShares Global Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Global 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 Global'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
PDC	0.43	0.07	(0.01)	0.53	0.67	(0.43)	0.90	(0.90)	4.31
XHY	0.18	0.01	(0.35)	0.23	0.10	(0.23)	0.42	(0.30)	0.91
WSRD	0.50	0.04	(0.04)	0.19	0.43	(0.61)	1.19	(1.04)	2.97
UMAX	0.33	0.07	(0.06)	6.45	0.31	(0.38)	0.70	(0.76)	1.62
VEF	0.51	0.13	0.09	0.38	0.50	(0.54)	1.24	(1.03)	3.32
WSRI	0.47	0.05	(0.02)	0.25	0.35	(0.56)	1.11	(0.74)	3.20
DXG	0.79	0.00	(0.04)	0.09	0.83	(0.90)	1.82	(1.42)	4.67
QAH	0.56	0.00	(0.06)	0.10	0.68	(0.61)	1.23	(1.19)	4.76
VGH	0.54	0.04	(0.01)	0.16	0.55	(0.58)	1.06	(1.02)	2.96
HDIV	0.58	0.10	0.05	0.32	0.68	(0.63)	1.40	(1.29)	4.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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