IShares International Correlations

IFGL Etf

USD 24.42 0.64 2.55%

The current 90-days correlation between iShares International and VanEck Steel ETF is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares International Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares International Correlation With Market

Poor diversification

The correlation between iShares International Develope and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International Develope and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares International Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

0.96	REET	iShares Global REIT	Pair Corr
0.95	RWO	SPDR Dow Jones	Pair Corr
0.98	HAUZ	Xtrackers International	Pair Corr
1.0	RWX	SPDR Dow Jones	Pair Corr
0.98	GQRE	FlexShares Global Quality	Pair Corr
0.95	AVRE	Avantis Real Estate	Pair Corr
0.9	WTRE	WisdomTree New Economy	Pair Corr
0.69	GDXU	MicroSectors Gold Miners	Pair Corr
0.78	JNUG	Direxion Daily Junior	Pair Corr
0.81	NUGT	Direxion Daily Gold	Pair Corr
0.86	GDMN	WisdomTree Efficient Gold	Pair Corr
0.95	KORU	Direxion Daily South	Pair Corr
0.9	DGP	DB Gold Double	Pair Corr
0.97	DFIC	Dimensional International	Pair Corr
0.96	AVDS	Avantis International	Pair Corr
0.88	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.94	RHRX	Starboard Investment	Pair Corr
0.9	FNK	First Trust Mid	Pair Corr
0.95	ESGD	iShares ESG Aware	Pair Corr
0.97	DWM	WisdomTree International	Pair Corr
0.94	DFE	WisdomTree Europe	Pair Corr
0.92	UEVM	VictoryShares Emerging	Pair Corr
0.84	COMB	GraniteShares Bloomberg	Pair Corr
0.89	KNGZ	First Trust Exchange	Pair Corr
0.88	QTAP	Innovator Growth 100	Pair Corr
0.95	IEMG	iShares Core MSCI	Pair Corr
0.89	EAFG	Pacer Funds Trust	Pair Corr
0.97	ILOW	AB Active ETFs	Pair Corr
0.86	AUMI	Themes Gold Miners	Pair Corr
0.84	USO	United States Oil	Pair Corr
0.98	IXUS	iShares Core MSCI	Pair Corr
0.92	FIEE	FiEE Inc Symbol Change	Pair Corr
0.84	LQIG	SPDR MarketAxess Inv	Pair Corr
0.97	VEA	Vanguard FTSE Developed	Pair Corr

Moving against IShares Etf

0.76

BULZ

MicroSectors Solactive

Pair Corr

Related Correlations Analysis

	BKF	XC	RIET	AFMC	PBJ	CIL	EPHE	LSAT	VEGI	SLX
BKF		0.61	0.36	0.34	0.2	0.21	0.34	-0.14	0.25	0.41	BKF
XC	0.61		0.81	0.9	0.84	0.84	0.87	0.35	0.87	0.95	XC
RIET	0.36	0.81		0.88	0.79	0.81	0.89	0.43	0.85	0.88	RIET
AFMC	0.34	0.9	0.88		0.89	0.92	0.92	0.54	0.94	0.95	AFMC
PBJ	0.2	0.84	0.79	0.89		0.91	0.86	0.62	0.97	0.91	PBJ
CIL	0.21	0.84	0.81	0.92	0.91		0.9	0.53	0.95	0.92	CIL
EPHE	0.34	0.87	0.89	0.92	0.86	0.9		0.48	0.91	0.92	EPHE
LSAT	-0.14	0.35	0.43	0.54	0.62	0.53	0.48		0.6	0.47	LSAT
VEGI	0.25	0.87	0.85	0.94	0.97	0.95	0.91	0.6		0.95	VEGI
SLX	0.41	0.95	0.88	0.95	0.91	0.92	0.92	0.47	0.95		SLX
	BKF	XC	RIET	AFMC	PBJ	CIL	EPHE	LSAT	VEGI	SLX

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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

VEGI	+ 0.97	PBJ
SLX	+ 0.95	XC
SLX	+ 0.95	AFMC
VEGI	+ 0.95	CIL
SLX	+ 0.95	VEGI
VEGI	+ 0.94	AFMC

High negative correlations

LSAT

- 0.14

BKF

IShares International Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares International 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 International'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
BKF	0.66	(0.08)	0.00	2.59	0.00	0.00	1.17	(1.34)	4.46
XC	0.67	0.02	(0.01)	(0.26)	0.91	(0.68)	1.41	(1.22)	3.92
RIET	0.54	0.05	0.04	0.19	0.59	(0.58)	1.06	(1.09)	2.75
AFMC	0.67	0.12	0.11	(1.34)	0.64	(0.72)	1.63	(1.47)	4.38
PBJ	0.59	0.11	0.11	1.08	0.59	(0.65)	1.36	(0.94)	3.55
CIL	0.46	0.13	0.16	2.15	0.34	(0.53)	1.02	(0.94)	2.46
EPHE	0.86	0.11	0.06	(1.64)	1.10	(0.84)	1.93	(1.59)	5.89
LSAT	0.61	(0.01)	(0.02)	0.02	0.70	(0.70)	1.32	(1.22)	4.52
VEGI	0.79	0.23	0.26	0.46	0.49	(0.94)	1.99	(1.46)	5.11
SLX	1.08	0.25	0.16	0.31	1.21	(1.21)	2.74	(2.41)	7.79

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