IShares Emerging Correlations

EMIF Etf

USD 21.24 0.35 1.62%

The current 90-days correlation between iShares Emerging Markets and iShares Global Infrastructure is 0.34 (i.e., Weak 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

Significant diversification

The correlation between iShares Emerging Markets and DJI is 0.04 (i.e., Significant 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.

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

0.84	VWO	Vanguard FTSE Emerging	Pair Corr
0.89	IEMG	iShares Core MSCI	Pair Corr
0.84	EMC	Global X Funds	Pair Corr
0.89	EEM	iShares MSCI Emerging	Pair Corr
0.84	SPEM	SPDR Portfolio Emerging	Pair Corr
0.85	FNDE	Schwab Fundamental	Pair Corr
0.89	ESGE	iShares ESG Aware	Pair Corr
0.78	DGS	WisdomTree Emerging	Pair Corr
0.88	XSOE	WisdomTree Emerging	Pair Corr
0.61	EMXC	iShares MSCI Emerging	Pair Corr
0.61	PFFL	ETRACS 2xMonthly Pay	Pair Corr

Moving against IShares Etf

0.41	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.34	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	IGF	EEMA	ENZL	IFGL	ISHG
IGF		0.53	-0.14	-0.19	-0.37	IGF
EEMA	0.53		-0.03	0.21	0.1	EEMA
ENZL	-0.14	-0.03		0.86	0.82	ENZL
IFGL	-0.19	0.21	0.86		0.96	IFGL
ISHG	-0.37	0.1	0.82	0.96		ISHG
	IGF	EEMA	ENZL	IFGL	ISHG

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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

ISHG	+ 0.96	IFGL
IFGL	+ 0.86	ENZL
ISHG	+ 0.82	ENZL
EEMA	+ 0.53	IGF
IFGL	+ 0.21	EEMA
ISHG	+ 0.1	EEMA

High negative correlations

ISHG	- 0.37	IGF
IFGL	- 0.19	IGF
ENZL	- 0.14	IGF
ENZL	- 0.03	EEMA

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
IGF	0.49	0.07	(0.04)	0.44	0.46	(0.53)	1.05	(1.04)	2.81
EEMA	0.97	(0.03)	(0.08)	0.05	1.28	(1.00)	2.29	(2.60)	7.43
ENZL	0.76	(0.07)	0.00	(0.06)	0.00	0.00	2.03	(1.35)	4.44
IFGL	0.70	(0.13)	0.00	(0.43)	0.00	0.00	1.25	(1.34)	4.29
ISHG	0.31	(0.05)	0.00	0.54	0.00	0.00	0.57	(0.57)	2.09

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