FlexShares International Correlations

IQDF Etf

USD 24.36 0.27 1.12%

The current 90-days correlation between FlexShares International and FlexShares International Quality is 0.04 (i.e., Significant diversification). The correlation of FlexShares International 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.

FlexShares International Correlation With Market

Average diversification

The correlation between FlexShares International Quali and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares International Quali 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 FlexShares International Quality. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with FlexShares Etf

0.95	EFV	iShares MSCI EAFE	Pair Corr
0.96	FNDF	Schwab Fundamental	Pair Corr
0.96	VYMI	Vanguard International	Pair Corr
0.91	IDV	iShares International	Pair Corr
0.9	DFIV	Dimensional International	Pair Corr
0.95	IVLU	iShares Edge MSCI	Pair Corr
0.89	RODM	Hartford Multifactor	Pair Corr
0.96	PXF	Invesco FTSE RAFI	Pair Corr
0.94	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.68	PID	Invesco International	Pair Corr
0.61	DUKH	Ocean Park High	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	IQDE	IQDY	QDF	IDOG	QDEF
IQDE		-0.22	0.13	-0.28	0.11	IQDE
IQDY	-0.22		0.49	0.93	0.45	IQDY
QDF	0.13	0.49		0.34	0.81	QDF
IDOG	-0.28	0.93	0.34		0.3	IDOG
QDEF	0.11	0.45	0.81	0.3		QDEF
	IQDE	IQDY	QDF	IDOG	QDEF

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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

IDOG	+ 0.93	IQDY
QDEF	+ 0.81	QDF
QDF	+ 0.49	IQDY
QDEF	+ 0.45	IQDY
IDOG	+ 0.34	QDF
QDEF	+ 0.3	IDOG

High negative correlations

IDOG	- 0.28	IQDE
IQDY	- 0.22	IQDE

FlexShares International Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares 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 FlexShares 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
IQDE	0.50	(0.05)	0.00	0.80	0.00	0.00	0.95	(1.61)	3.88
IQDY	0.62	(0.01)	(0.07)	0.02	0.89	(0.61)	1.16	(1.62)	4.61
QDF	0.52	0.03	(0.02)	0.14	0.71	(0.55)	1.12	(0.95)	4.60
IDOG	0.71	(0.03)	0.00	(0.43)	0.00	0.00	1.23	(2.08)	4.23
QDEF	0.45	0.01	(0.05)	0.08	0.60	(0.48)	1.01	(0.94)	3.51

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