IShares International Correlations

IFGL Etf

USD 19.95 0.18 0.91%

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

Average diversification

The correlation between iShares International Develope and DJI is 0.13 (i.e., Average 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.

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 various price indices.

Moving together with IShares Etf

0.9	REET	iShares Global REIT	Pair Corr
0.91	RWO	SPDR Dow Jones	Pair Corr
0.98	HAUZ	Xtrackers International	Pair Corr
0.99	RWX	SPDR Dow Jones	Pair Corr
0.87	GQRE	FlexShares Global Quality	Pair Corr
0.9	AVRE	Avantis Real Estate	Pair Corr
0.93	WTRE	WisdomTree New Economy	Pair Corr
0.85	FDV	First Trust Capital	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.75	INTC	Intel	Pair Corr
0.69	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr

Moving against IShares Etf

0.68	TRSY	Xtrackers 0 1	Pair Corr
0.68	BA	Boeing	Pair Corr
0.43	WMT	Walmart Aggressive Push	Pair Corr
0.33	CSCO	Cisco Systems	Pair Corr
0.31	AXP	American Express	Pair Corr

Related Correlations Analysis

	WPS	IGOV	ISHG	RWX	EEMS
WPS		0.0	0.0	0.0	0.0	WPS
IGOV	0.0		0.95	0.85	0.72	IGOV
ISHG	0.0	0.95		0.91	0.64	ISHG
RWX	0.0	0.85	0.91		0.45	RWX
EEMS	0.0	0.72	0.64	0.45		EEMS
	WPS	IGOV	ISHG	RWX	EEMS

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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	+ 0.95	IGOV
RWX	+ 0.91	ISHG
RWX	+ 0.85	IGOV
EEMS	+ 0.72	IGOV
EEMS	+ 0.64	ISHG
EEMS	+ 0.45	RWX

High negative correlations

EEMS	- 0.0	WPS
RWX	- 0.0	WPS
ISHG	- 0.0	WPS
IGOV	- 0.0	WPS

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
WPS	0.00	0.00	0.00	0.00	0.00	0.00
IGOV	0.47	(0.07)	(1.65)	1.07	(0.83)	2.60
ISHG	0.34	(0.06)	(1.98)	0.70	(0.73)	2.07
RWX	0.67	(0.08)	(0.65)	1.11	(1.31)	3.47
EEMS	0.57	(0.14)	(0.44)	1.04	(2.06)	4.05

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