IShares International Correlations

IGRO Etf

USD 69.99 0.66 0.93%

The current 90-days correlation between iShares International and iShares MSCI Intl is 0.79 (i.e., Poor 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 Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares International Correlation With Market

Very weak diversification

The correlation between iShares International Dividend and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International Dividend 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 Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with IShares Etf

0.87	VEA	Vanguard FTSE Developed	Pair Corr
0.84	IEFA	iShares Core MSCI	Pair Corr
0.9	VEU	Vanguard FTSE All	Pair Corr
0.83	EFA	iShares MSCI EAFE	Pair Corr
0.91	IXUS	iShares Core MSCI	Pair Corr
0.87	SPDW	SPDR SP World	Pair Corr
0.86	IDEV	iShares Core MSCI	Pair Corr
0.83	ESGD	iShares ESG Aware	Pair Corr
0.83	JIRE	JP Morgan Exchange	Pair Corr
0.92	DFAX	Dimensional World	Pair Corr
0.72	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.85	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.69	VZ	Verizon Communications	Pair Corr
0.67	KO	Coca Cola Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.33	VUG	Vanguard Growth Index	Pair Corr
0.61	BA	Boeing	Pair Corr
0.42	CSCO	Cisco Systems	Pair Corr
0.4	AXP	American Express	Pair Corr
0.35	DIS	Walt Disney Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ISCF	IMTM	IQLT	HSCZ	INTF
ISCF		0.92	0.79	0.46	0.95	ISCF
IMTM	0.92		0.84	0.5	0.97	IMTM
IQLT	0.79	0.84		0.2	0.87	IQLT
HSCZ	0.46	0.5	0.2		0.5	HSCZ
INTF	0.95	0.97	0.87	0.5		INTF
	ISCF	IMTM	IQLT	HSCZ	INTF

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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
ISCF	0.66	(0.02)	(0.09)	0.03	0.86	(0.64)	1.38	(1.41)	4.55
IMTM	0.59	(0.01)	(0.09)	0.05	0.83	(0.60)	1.23	(1.27)	4.17
IQLT	0.57	(0.02)	0.00	(0.51)	0.00	0.00	1.05	(1.33)	4.14
HSCZ	0.43	0.05	(0.04)	0.32	0.41	(0.48)	1.10	(0.80)	2.34
INTF	0.56	(0.01)	(0.09)	0.07	0.72	(0.63)	1.17	(1.49)	4.09

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