IShares Emerging Correlations

EMIF Etf

USD 30.23 0.45 1.51%

The current 90-days correlation between iShares Emerging Markets and SmartETFs Smart Transportation is 0.07 (i.e., Significant diversification). The correlation of IShares Emerging 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.

IShares Emerging Correlation With Market

Poor diversification

The correlation between iShares Emerging Markets and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with IShares Etf

0.86	VWO	Vanguard FTSE Emerging	Pair Corr
0.89	IEMG	iShares Core MSCI	Pair Corr
0.85	EMC	Global X Funds	Pair Corr
0.86	EEM	iShares MSCI Emerging	Pair Corr
0.87	SPEM	SPDR Portfolio Emerging	Pair Corr
0.92	FNDE	Schwab Fundamental	Pair Corr
0.88	ESGE	iShares ESG Aware	Pair Corr
0.91	SFGRX	Seafarer Overseas	Pair Corr
0.95	DGS	WisdomTree Emerging	Pair Corr
0.87	XSOE	WisdomTree Emerging	Pair Corr
0.78	CPST	Calamos ETF Trust	Pair Corr
0.69	ELON	Battleshares TSLA	Pair Corr
0.85	ITDD	iShares Trust	Pair Corr
0.85	BINC	BlackRock ETF Trust	Pair Corr
0.89	RDIV	Invesco SP Ultra	Pair Corr
0.67	VBK	Vanguard Small Cap	Pair Corr
0.78	AHYB	American Century ETF	Pair Corr
0.76	BA	Boeing	Pair Corr
0.79	KO	Coca Cola Earnings Call This Week	Pair Corr
0.65	MCD	McDonalds Earnings Call Tomorrow	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.85	PFE	Pfizer Inc	Pair Corr
0.8	INTC	Intel	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr
0.95	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.81	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.78	MRK	Merck Company Aggressive Push	Pair Corr

Moving against IShares Etf

0.67	MPAY	Exchange Traded Concepts	Pair Corr
0.82	MSFT	Microsoft	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.34	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ERET	ESMV	BRAZ	DIVG	IVRS	MAPP	FDTS	VICE	BNKD	MOTO
ERET		0.68	0.86	0.91	-0.52	0.83	0.91	0.56	-0.67	0.81	ERET
ESMV	0.68		0.64	0.74	-0.2	0.76	0.73	0.52	-0.71	0.7	ESMV
BRAZ	0.86	0.64		0.85	-0.55	0.82	0.92	0.58	-0.59	0.82	BRAZ
DIVG	0.91	0.74	0.85		-0.56	0.85	0.95	0.45	-0.84	0.85	DIVG
IVRS	-0.52	-0.2	-0.55	-0.56		-0.28	-0.47	-0.13	0.25	-0.26	IVRS
MAPP	0.83	0.76	0.82	0.85	-0.28		0.94	0.61	-0.83	0.96	MAPP
FDTS	0.91	0.73	0.92	0.95	-0.47	0.94		0.55	-0.82	0.93	FDTS
VICE	0.56	0.52	0.58	0.45	-0.13	0.61	0.55		-0.29	0.64	VICE
BNKD	-0.67	-0.71	-0.59	-0.84	0.25	-0.83	-0.82	-0.29		-0.8	BNKD
MOTO	0.81	0.7	0.82	0.85	-0.26	0.96	0.93	0.64	-0.8		MOTO
	ERET	ESMV	BRAZ	DIVG	IVRS	MAPP	FDTS	VICE	BNKD	MOTO

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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

MOTO	+ 0.96	MAPP
FDTS	+ 0.95	DIVG
FDTS	+ 0.94	MAPP
MOTO	+ 0.93	FDTS
FDTS	+ 0.92	BRAZ
DIVG	+ 0.91	ERET

High negative correlations

BNKD	- 0.84	DIVG
BNKD	- 0.83	MAPP
BNKD	- 0.82	FDTS
MOTO	- 0.8	BNKD
BNKD	- 0.71	ESMV
BNKD	- 0.67	ERET

IShares Emerging Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Emerging 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 Emerging'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
ERET	0.43	0.08	0.04	0.31	0.34	(0.45)	1.12	(0.72)	2.74
ESMV	0.49	0.01	(0.05)	0.11	0.80	(0.51)	1.05	(0.78)	7.02
BRAZ	1.24	0.31	0.14	0.50	1.70	(1.34)	2.53	(2.97)	9.07
DIVG	0.59	0.11	0.13	0.26	0.33	(0.71)	1.54	(0.94)	3.19
IVRS	1.26	(0.33)	0.00	(0.19)	0.00	0.00	2.17	(3.91)	8.70
MAPP	0.45	0.06	(0.04)	9.75	0.57	(0.46)	0.88	(0.89)	3.00
FDTS	0.71	0.25	0.31	0.46	0.31	(0.90)	2.02	(1.07)	4.06
VICE	0.62	0.02	(0.07)	0.23	0.72	(0.60)	1.55	(1.18)	3.41
BNKD	2.56	(0.42)	0.00	0.21	0.00	0.00	5.37	(5.92)	17.58
MOTO	0.95	0.11	0.02	1.39	1.18	(0.98)	2.14	(2.45)	5.05

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