IShares China Correlations

Etfs . USA . 
Etf . iShares China Large Cap
FXI Etf  USD 30.35  0.18  0.59%   
The current 90-days correlation between iShares China Large and iShares MSCI Brazil is 0.38 (i.e., Weak diversification). The correlation of IShares China 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 China Correlation With Market

Average diversification

The correlation between iShares China Large Cap 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 iShares China Large Cap 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 China Large Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with IShares Etf

  0.99KWEB KraneShares CSI China Aggressive PushPairCorr
  0.64EWT iShares MSCI TaiwanPairCorr
  0.96ASHR Xtrackers Harvest CSIPairCorr
  0.99GXC SPDR SP ChinaPairCorr
  0.97CQQQ Invesco China TechnologyPairCorr
  0.99CXSE WisdomTree ChinaPairCorr
  0.98EWH iShares MSCI HongPairCorr
  0.98KBA KraneShares Bosera MSCIPairCorr
  0.96CNYA iShares MSCI ChinaPairCorr
  0.64JAVA JPMorgan Active ValuePairCorr
  0.64KONG Formidable Fortress ETFPairCorr
  0.62VR VRPairCorr
  0.97EV Mast Global BatteryPairCorr
  0.66SPY SPDR SP 500PairCorr
  0.7PPA Invesco Aerospace DefensePairCorr
  0.71INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.91CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.78XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.68AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.66IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.7HPQ HP IncPairCorr
  0.67CSCO Cisco SystemsPairCorr
  0.86HD Home DepotPairCorr

Moving against IShares Etf

  0.89HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.51PG Procter GamblePairCorr
  0.45JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.35KO Coca Cola Aggressive PushPairCorr

Related Correlations Analysis

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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   
EWH
+ 0.92
EEM
EWY
+ 0.86
EWZ
EWY
+ 0.78
EWJ
EWJ
+ 0.72
EWZ
EWJ
+ 0.24
EEM
EWY
+ 0.17
EEM
  
High negative correlations   
EWH
- 0.42
EWZ
EWY
- 0.17
EWH
EEM
- 0.16
EWZ

IShares China Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares China 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 China'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.

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