IShares International Correlations

ISVL Etf

USD 35.63 0.06 0.17%

The current 90-days correlation between iShares International and iShares Morningstar Small Cap is 0.55 (i.e., Very weak 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 Developed 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 Develope and DJI is 0.51 (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 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 signals in real.

Moving together with IShares Etf

0.98	FNDC	Schwab Fundamental	Pair Corr
0.98	AVDV	Avantis International	Pair Corr
0.97	DLS	WisdomTree International	Pair Corr
0.97	PDN	Invesco FTSE RAFI	Pair Corr
0.99	DISV	Dimensional ETF Trust	Pair Corr
0.97	DIM	WisdomTree International	Pair Corr
0.97	DDLS	WisdomTree Dynamic	Pair Corr
0.8	GVAL	Cambria Global Value	Pair Corr
0.73	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.75	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.82	KO	Coca Cola Aggressive Push	Pair Corr

Moving against IShares Etf

0.69	MSTY	YieldMax MSTR Option	Pair Corr
0.68	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.68	BTC	Grayscale Bitcoin Mini	Pair Corr
0.59	DISO	Tidal Trust II	Pair Corr
0.48	FNGU	MicroSectors FANG Index	Pair Corr
0.48	FNGO	MicroSectors FANG Index	Pair Corr
0.48	FNGS	MicroSectors FANG ETN	Pair Corr
0.35	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.72	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.58	DIS	Walt Disney Aggressive Push	Pair Corr
0.57	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.53	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.48	T	ATT Inc Aggressive Push	Pair Corr
0.4	DIVG	Invesco Exchange Traded	Pair Corr
0.33	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.32	DIVB	iShares Dividend	Pair Corr

Related Correlations Analysis

	ISCV	IVLU	ISCF	SVAL	IMTM
ISCV		-0.49	-0.28	0.96	-0.21	ISCV
IVLU	-0.49		0.94	-0.58	0.87	IVLU
ISCF	-0.28	0.94		-0.41	0.91	ISCF
SVAL	0.96	-0.58	-0.41		-0.34	SVAL
IMTM	-0.21	0.87	0.91	-0.34		IMTM
	ISCV	IVLU	ISCF	SVAL	IMTM

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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

SVAL	+ 0.96	ISCV
ISCF	+ 0.94	IVLU
IMTM	+ 0.91	ISCF
IMTM	+ 0.87	IVLU

High negative correlations

SVAL	- 0.58	IVLU
IVLU	- 0.49	ISCV
SVAL	- 0.41	ISCF
IMTM	- 0.34	SVAL
ISCF	- 0.28	ISCV
IMTM	- 0.21	ISCV

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
ISCV	0.83	0.01	0.06	0.13	0.69	(1.01)	1.81	(1.34)	6.54
IVLU	0.66	(0.11)	0.00	(0.12)	0.00	0.00	1.23	(1.61)	4.07
ISCF	0.71	(0.10)	0.00	(0.07)	0.00	0.00	2.11	(1.59)	4.12
SVAL	1.11	(0.01)	0.08	0.11	0.93	(1.43)	2.52	(1.94)	11.42
IMTM	0.78	(0.10)	0.00	(0.05)	0.00	0.00	1.53	(1.51)	5.18

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