IShares Global Correlations

INRG Etf

USD 10.09 0.33 3.17%

The current 90-days correlation between iShares Global Clean and iShares SP 500 is 0.16 (i.e., Average 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 Clean and DJI is 0.8 (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 Clean 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 Clean to buy it.

Moving together with IShares Etf

0.87	LYNRJ	Amundi MSCI New	Pair Corr
0.89	CWEUSD	Amundi Index Solutions	Pair Corr
0.85	AUCO	LG Gold Mining	Pair Corr
0.83	GGMUSY	UBS ETF plc	Pair Corr
0.83	GDXJ	VanEck Junior Gold	Pair Corr
0.86	IAUP	iShares Gold Producers	Pair Corr
0.71	ZSILUS	ZKB Silver ETF	Pair Corr
0.71	SVUSA	UBS ETF Silver	Pair Corr
0.87	MAGB	Market Access NYSE	Pair Corr
0.83	ESGO	AuAg Gold Mining	Pair Corr
0.84	GDX	VanEck Gold Miners	Pair Corr
0.7	ZSILHE	ZKB Silver ETF	Pair Corr
0.94	HIEM	HSBC MSCI Emerging	Pair Corr
0.77	IWDC	iShares MSCI World	Pair Corr
0.85	HMJP	HSBC MSCI JAPAN	Pair Corr
0.89	FLXK	Franklin FTSE Korea	Pair Corr
0.84	IJPN	iShares MSCI Japan	Pair Corr
0.85	TDIV	VanEck Morningstar	Pair Corr
0.93	QDIV	iShares MSCI USA	Pair Corr
0.73	XSGI	Xtrackers SP Global	Pair Corr
0.92	IEMS	iShares MSCI EM	Pair Corr
0.82	FACH	Invesco High Yield	Pair Corr
0.9	ZGLDUS	ZKB Gold ETF	Pair Corr
0.86	LYMEU	Lyxor MSCI Europe	Pair Corr
0.66	LYLVD	MULTI UNITS LUXEMBOURG	Pair Corr
0.93	HMXJ	HSBC MSCI Pacific	Pair Corr
0.75	CTEK	Global X CleanTech	Pair Corr
0.91	IH2O	iShares Global Water	Pair Corr
0.92	AFLT	Amundi Index Solutions	Pair Corr
0.7	SX7EEX	iShares EURO STOXX	Pair Corr
0.87	PEF	Invesco FTSE RAFI	Pair Corr
0.97	PEHH	Invesco FTSE RAFI	Pair Corr
0.87	TPXY	Amundi Index Solutions	Pair Corr
0.84	DJMC	iShares EURO STOXX	Pair Corr
0.85	MLPD	Invesco Morningstar	Pair Corr
0.81	CBMDAX	Amundi Index Solutions	Pair Corr
0.9	OIH	VanEck Oil Services	Pair Corr

Related Correlations Analysis

	EUFM	AUHEUA	XSGI	GLUG	LYWLD	SX7EEX	ZGLDUS	IUES
EUFM		0.86	0.76	0.87	0.69	0.7	0.89	0.88	EUFM
AUHEUA	0.86		0.91	0.83	0.48	0.4	0.83	0.91	AUHEUA
XSGI	0.76	0.91		0.88	0.21	0.22	0.71	0.9	XSGI
GLUG	0.87	0.83	0.88		0.43	0.53	0.81	0.92	GLUG
LYWLD	0.69	0.48	0.21	0.43		0.77	0.62	0.45	LYWLD
SX7EEX	0.7	0.4	0.22	0.53	0.77		0.65	0.49	SX7EEX
ZGLDUS	0.89	0.83	0.71	0.81	0.62	0.65		0.9	ZGLDUS
IUES	0.88	0.91	0.9	0.92	0.45	0.49	0.9		IUES
	EUFM	AUHEUA	XSGI	GLUG	LYWLD	SX7EEX	ZGLDUS	IUES

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
EUFM	0.27	0.00	0.00	0.00	0.00	0.00	0.92	(0.06)	2.64
AUHEUA	0.48	0.14	0.17	(0.82)	0.18	(0.68)	1.57	(1.02)	2.66
XSGI	0.43	0.13	0.15	(0.76)	0.25	(0.55)	1.21	(0.92)	2.59
GLUG	0.66	0.09	0.05	0.67	0.85	(0.74)	1.43	(1.70)	4.14
LYWLD	0.04	0.01	0.00	(0.49)	0.00	0.00	0.00	0.00	1.28
SX7EEX	1.13	0.04	0.01	0.12	1.85	(1.08)	1.85	(3.65)	6.64
ZGLDUS	1.32	0.40	0.17	(6.89)	1.65	(1.57)	2.79	(2.82)	9.70
IUES	1.04	0.40	0.32	(1.39)	0.59	(1.25)	2.85	(1.86)	5.92

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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