IShares Global Correlations

IGIL Etf

USD 168.28 0.29 0.17%

The current 90-days correlation between iShares Global Inflation and iShares MSCI World is 0.29 (i.e., Modest diversification). The correlation of IShares Global 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Global Correlation With Market

Very poor diversification

The correlation between iShares Global Inflation and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Inflation and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Global Inflation to buy it.

Moving together with IShares Etf

0.78	SX7EEX	iShares EURO STOXX	Pair Corr
0.81	SX7PEX	iShares STOXX Europe	Pair Corr
0.83	X7PS	Invesco STOXX Europe	Pair Corr
0.84	GGMUSY	UBS ETF plc	Pair Corr
0.85	AUCO	LG Gold Mining	Pair Corr
0.81	SMHV	VanEck Semiconductor	Pair Corr
0.9	MAGB	Market Access NYSE	Pair Corr
0.82	FTAD	SPDR FTSE UK	Pair Corr
0.77	ZSILHE	ZKB Silver ETF	Pair Corr
0.83	CSSX5E	iShares VII PLC	Pair Corr
0.85	JPESG	UBS ETF plc	Pair Corr
0.84	WENE	iShares MSCI World	Pair Corr
0.76	USCR	SPDR Bloomberg SASB	Pair Corr
0.93	RGLDOH	Raiffeisen ETF Solid	Pair Corr
0.85	STYC	PIMCO Short Term	Pair Corr
0.85	UKGBPA	UBSFund Solutions MSCI	Pair Corr
0.83	LYLVE	Lyxor Euro Stoxx	Pair Corr
0.71	LYFINW	Lyxor MSCI World	Pair Corr
0.87	ESGO	AuAg Gold Mining	Pair Corr
0.91	RGRT	Raiffeisen ETF Solid	Pair Corr
0.87	WRDUSW-USD	UBSETF MSCIWLD USDa	Pair Corr
0.66	STHC	PIMCO Short Term	Pair Corr
0.83	XMCJ	Xtrackers MSCI Japan	Pair Corr
0.65	LYWLD	Lyxor MSCI World	Pair Corr
0.86	AFLT	Amundi Index Solutions	Pair Corr
0.84	GDX	VanEck Gold Miners	Pair Corr
0.7	WHEA	SPDR MSCI World	Pair Corr
0.85	IBTS	iShares Treasury Bond	Pair Corr
0.87	MXFS	Invesco MSCI Emerging	Pair Corr
0.74	AWESGG	UBS MSCI ACWI	Pair Corr
0.87	XGSD	Xtrackers Stoxx Global	Pair Corr
0.8	XMME	Xtrackers MSCI Emerging	Pair Corr
0.65	USGBPA	UBS ETF plc	Pair Corr
0.9	USMUFE	UBS ETF plc	Pair Corr
0.84	MIDD	iShares FTSE 250	Pair Corr
0.91	CISB	iShares Smart City	Pair Corr

Moving against IShares Etf

0.72	AXRP	21Shares Ripple XRP	Pair Corr
0.61	ABNB	21Shares Binance BNB	Pair Corr

Related Correlations Analysis

	LYLEM	IFFF	IU0A	CSGOLD	INAA	US3	LYHLTW	ISWD
LYLEM		0.99	0.86	0.94	0.73	0.51	0.61	0.91	LYLEM
IFFF	0.99		0.83	0.92	0.73	0.46	0.56	0.89	IFFF
IU0A	0.86	0.83		0.89	0.72	0.64	0.79	0.86	IU0A
CSGOLD	0.94	0.92	0.89		0.74	0.47	0.69	0.92	CSGOLD
INAA	0.73	0.73	0.72	0.74		0.28	0.58	0.83	INAA
US3	0.51	0.46	0.64	0.47	0.28		0.63	0.44	US3
LYHLTW	0.61	0.56	0.79	0.69	0.58	0.63		0.67	LYHLTW
ISWD	0.91	0.89	0.86	0.92	0.83	0.44	0.67		ISWD
	LYLEM	IFFF	IU0A	CSGOLD	INAA	US3	LYHLTW	ISWD

IShares Global Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Global 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 Global'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
LYLEM	0.68	0.21	0.19	12.02	0.46	(0.81)	1.67	(1.18)	5.44
IFFF	0.84	0.23	0.09	(4.33)	1.17	(1.00)	1.89	(1.46)	7.67
IU0A	0.13	0.02	(0.20)	(0.60)	0.00	(0.21)	0.35	(0.18)	0.71
CSGOLD	1.18	0.32	0.13	1.14	1.37	(1.60)	2.73	(2.77)	9.58
INAA	0.49	0.01	(0.05)	0.13	0.78	(0.54)	0.98	(1.42)	4.33
US3	0.13	0.01	(0.33)	(2.92)	0.00	(0.15)	0.41	(0.22)	0.74
LYHLTW	0.61	0.13	0.12	0.77	0.30	(0.97)	1.45	(1.02)	6.12
ISWD	0.68	0.11	0.05	0.79	1.03	(0.64)	1.47	(1.61)	5.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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