FlexShares STOXX Correlations
| ESGG Etf | USD 172.16 0.51 0.30% |
The current 90-days correlation between FlexShares STOXX Global and iShares MSCI Emerging is 0.49 (i.e., Very weak diversification). The correlation of FlexShares STOXX 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 STOXX Correlation With Market
Poor diversification
The correlation between FlexShares STOXX Global and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares STOXX Global and DJI in the same portfolio, assuming nothing else is changed.
FlexShares |
Moving together with FlexShares Etf
| 0.86 | VT | Vanguard Total World | PairCorr |
| 0.86 | ACWI | iShares MSCI ACWI | PairCorr |
| 0.84 | ACWV | iShares MSCI Global | PairCorr |
| 0.82 | IOO | iShares Global 100 | PairCorr |
| 0.81 | URTH | iShares MSCI World | PairCorr |
| 0.8 | CRBN | iShares MSCI ACWI | PairCorr |
| 0.84 | GLOV | Goldman Sachs ActiveBeta | PairCorr |
| 0.75 | KOKU | Xtrackers MSCI Kokusai | PairCorr |
| 0.88 | SPGM | SPDR Portfolio MSCI | PairCorr |
| 0.91 | ITDD | iShares Trust | PairCorr |
| 0.64 | DIVB | iShares Dividend | PairCorr |
| 0.65 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.79 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.88 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.72 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| -0.03 | 0.41 | 0.03 | 0.8 | EEMV | ||
| -0.03 | 0.68 | -0.64 | 0.14 | ZFL | ||
| 0.41 | 0.68 | -0.78 | 0.63 | EFAV | ||
| 0.03 | -0.64 | -0.78 | -0.17 | VUS | ||
| 0.8 | 0.14 | 0.63 | -0.17 | XEF | ||
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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
| High negative correlations
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FlexShares STOXX Constituents Risk-Adjusted Indicators
There is a big difference between FlexShares Etf performing well and FlexShares STOXX 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 STOXX'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 | 0.51 | (0.04) | 0.00 | (0.11) | 0.00 | 1.23 | 3.35 | |||
| ZFL | 0.59 | (0.03) | 0.00 | 0.46 | 0.00 | 1.46 | 3.27 | |||
| EFAV | 0.45 | (0.11) | 0.00 | (0.39) | 0.00 | 0.79 | 2.57 | |||
| VUS | 0.55 | 0.07 | 0.00 | 0.29 | 0.62 | 1.04 | 4.19 | |||
| XEF | 0.52 | (0.04) | 0.00 | (0.33) | 0.00 | 0.99 | 3.85 |