IShares International Correlations

IFGL Etf

USD 24.18 0.00 0.00%

The current 90-days correlation between iShares International and VanEck Steel ETF is 0.41 (i.e., Very weak 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

Very poor diversification

The correlation between iShares International Develope and DJI is 0.83 (i.e., Very 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

0.85	REET	iShares Global REIT	Pair Corr
0.87	RWO	SPDR Dow Jones	Pair Corr
0.99	HAUZ	Xtrackers International	Pair Corr
0.94	RWX	SPDR Dow Jones	Pair Corr
0.94	GQRE	FlexShares Global Quality	Pair Corr
0.82	AVRE	Avantis Real Estate	Pair Corr
0.61	WTRE	WisdomTree New Economy	Pair Corr
0.83	OIH	VanEck Oil Services	Pair Corr
0.87	WTMF	WisdomTree Managed	Pair Corr
0.81	EWC	iShares MSCI Canada	Pair Corr
0.8	TOT	Advisor Managed Port	Pair Corr
0.87	FNX	First Trust Mid	Pair Corr
0.88	GDXU	MicroSectors Gold Miners	Pair Corr
0.74	FDRR	Fidelity Dividend ETF	Pair Corr
0.9	FMF	First Trust Managed	Pair Corr
0.87	FLXR	TCW ETF Trust	Pair Corr
0.82	CVX	Chevron Corp	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.89	BA	Boeing Sell-off Trend	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.67	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against IShares Etf

0.74	HPQ	HP Inc	Pair Corr
0.67	T	ATT Inc Earnings Call This Week	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.36	MMM	3M Company	Pair Corr

Related Correlations Analysis

	BKF	XC	RIET	AFMC	PBJ	CIL	EPHE	LSAT	VEGI	SLX
BKF		0.48	0.34	0.27	0.16	0.4	0.22	0.1	0.48	0.32	BKF
XC	0.48		0.84	0.83	0.77	0.96	0.81	-0.05	0.9	0.93	XC
RIET	0.34	0.84		0.89	0.88	0.89	0.83	0.17	0.9	0.9	RIET
AFMC	0.27	0.83	0.89		0.79	0.91	0.87	0.33	0.82	0.95	AFMC
PBJ	0.16	0.77	0.88	0.79		0.8	0.74	0.15	0.83	0.83	PBJ
CIL	0.4	0.96	0.89	0.91	0.8		0.84	0.08	0.87	0.97	CIL
EPHE	0.22	0.81	0.83	0.87	0.74	0.84		0.13	0.78	0.88	EPHE
LSAT	0.1	-0.05	0.17	0.33	0.15	0.08	0.13		0.07	0.11	LSAT
VEGI	0.48	0.9	0.9	0.82	0.83	0.87	0.78	0.07		0.89	VEGI
SLX	0.32	0.93	0.9	0.95	0.83	0.97	0.88	0.11	0.89		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

SLX	+ 0.97	CIL
CIL	+ 0.96	XC
SLX	+ 0.95	AFMC
SLX	+ 0.93	XC
CIL	+ 0.91	AFMC
VEGI	+ 0.9	XC

High negative correlations

LSAT

- 0.05

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	0.58	0.00	(0.04)	0.05	0.60	(0.72)	1.34	(1.19)	3.92
XC	0.49	0.10	0.11	1.22	0.34	(0.56)	1.07	(0.75)	2.02
RIET	0.61	0.04	0.00	0.28	0.71	(0.67)	1.43	(1.29)	3.47
AFMC	0.71	0.04	0.05	0.09	0.73	(0.79)	1.75	(1.55)	3.90
PBJ	0.62	0.06	0.02	0.54	0.65	(0.68)	1.48	(1.34)	2.91
CIL	0.49	0.12	0.11	0.92	0.41	(0.52)	1.02	(0.94)	2.46
EPHE	0.84	0.05	0.01	0.30	1.02	(0.82)	2.04	(1.60)	4.82
LSAT	0.57	(0.08)	0.00	(0.07)	0.00	0.00	1.26	(1.22)	3.68
VEGI	0.65	0.10	0.10	0.22	0.55	(0.72)	1.75	(1.21)	3.21
SLX	0.99	0.31	0.25	0.37	0.86	(1.15)	2.31	(1.83)	4.77

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