IShares International Correlations

ISVL Etf

USD 52.32 0.17 0.32%

The current 90-days correlation between iShares International and Xtrackers FTSE Developed is 0.08 (i.e., Significant 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 poor diversification

The correlation between iShares International Develope and DJI is 0.89 (i.e., Very poor 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.

Build AI portfolio with IShares Etf

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 manufacturing.

Moving together with IShares Etf

0.98	FNDC	Schwab Fundamental	Pair Corr
0.98	AVDV	Avantis International	Pair Corr
0.99	DLS	WisdomTree International	Pair Corr
0.99	PDN	Invesco FTSE RAFI	Pair Corr
0.99	DISV	Dimensional ETF Trust	Pair Corr
0.98	DIM	WisdomTree International	Pair Corr
0.98	DDLS	WisdomTree Dynamic	Pair Corr
0.96	FYLD	Cambria Foreign Shar	Pair Corr
0.98	CGV	Two Roads Shared	Pair Corr
0.8	XTOC	Innovator ETFs Trust	Pair Corr
0.91	QTAP	Innovator Growth 100	Pair Corr
0.81	XTJA	Innovator ETFs Trust	Pair Corr
0.91	XTAP	Innovator Equity Acc	Pair Corr
0.87	JANW	AIM ETF Products	Pair Corr
0.95	EWT	iShares MSCI Taiwan	Pair Corr
0.98	CCNR	CoreCommodity Natural	Pair Corr
0.81	IBBQ	Invesco Nasdaq Biote	Pair Corr
0.72	XBI	SPDR SP Biotech	Pair Corr
0.93	RNMC	First Trust Mid	Pair Corr
0.96	FIDU	Fidelity MSCI Industrials	Pair Corr
0.98	VGUS	Vanguard Ultra Short	Pair Corr
0.9	TOCT	Innovator Equity Defined	Pair Corr
0.9	XAUG	FT Cboe Vest	Pair Corr
0.98	SCZ	iShares MSCI EAFE Sell-off Trend	Pair Corr
0.89	LSEQ	Harbor ETF Trust	Pair Corr
0.92	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.93	UDI	USCF ETF Trust	Pair Corr
0.91	XFIX	Fm Investments Symbol Change	Pair Corr
0.84	FXC	Invesco CurrencyShares	Pair Corr
0.75	QCJA	FT Vest Nasdaq	Pair Corr
0.74	HCOW	Amplify Cash Flow	Pair Corr
0.91	SIL	Global X Silver	Pair Corr
0.93	PMIO	PGIM ETF Trust	Pair Corr
0.74	TSPX	Twin Oak Active	Pair Corr

Related Correlations Analysis

	VPC	WBIY	FTHF	GMOV	TCHI	GEME	KBWR	AVEE	PXE	DEEF
VPC		-0.26	-0.17	-0.19	0.53	-0.15	-0.18	-0.22	-0.52	-0.29	VPC
WBIY	-0.26		0.91	0.98	0.43	0.92	0.97	0.85	0.53	0.96	WBIY
FTHF	-0.17	0.91		0.9	0.61	0.99	0.86	0.97	0.45	0.97	FTHF
GMOV	-0.19	0.98	0.9		0.49	0.92	0.98	0.82	0.42	0.95	GMOV
TCHI	0.53	0.43	0.61	0.49		0.63	0.42	0.58	-0.09	0.5	TCHI
GEME	-0.15	0.92	0.99	0.92	0.63		0.88	0.96	0.46	0.97	GEME
KBWR	-0.18	0.97	0.86	0.98	0.42	0.88		0.77	0.43	0.91	KBWR
AVEE	-0.22	0.85	0.97	0.82	0.58	0.96	0.77		0.56	0.94	AVEE
PXE	-0.52	0.53	0.45	0.42	-0.09	0.46	0.43	0.56		0.54	PXE
DEEF	-0.29	0.96	0.97	0.95	0.5	0.97	0.91	0.94	0.54		DEEF
	VPC	WBIY	FTHF	GMOV	TCHI	GEME	KBWR	AVEE	PXE	DEEF

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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

GEME	+ 0.99	FTHF
GMOV	+ 0.98	WBIY
KBWR	+ 0.98	GMOV
KBWR	+ 0.97	WBIY
AVEE	+ 0.97	FTHF
DEEF	+ 0.97	FTHF

High negative correlations

PXE	- 0.52	VPC
DEEF	- 0.29	VPC
WBIY	- 0.26	VPC
AVEE	- 0.22	VPC
GMOV	- 0.19	VPC
KBWR	- 0.18	VPC

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
VPC	0.66	(0.10)	0.00	(1.18)	0.00	0.00	1.26	(1.58)	3.41
WBIY	0.72	0.16	0.20	0.26	0.51	(0.88)	1.92	(1.13)	4.05
FTHF	0.98	0.36	0.28	2.69	0.81	(1.15)	2.45	(1.58)	6.31
GMOV	0.58	0.12	0.19	0.19	0.39	(0.73)	1.48	(1.00)	3.25
TCHI	1.01	(0.05)	0.00	(0.03)	0.00	0.00	2.30	(2.11)	6.74
GEME	0.78	0.27	0.29	0.41	0.41	(0.90)	1.80	(1.31)	4.55
KBWR	1.04	0.20	0.17	0.23	0.97	(1.21)	2.95	(1.35)	7.95
AVEE	0.54	0.10	0.09	2.76	0.51	(0.58)	1.35	(0.98)	2.60
PXE	1.37	0.12	0.06	0.94	1.47	(1.55)	3.25	(2.70)	6.63
DEEF	0.57	0.18	0.25	0.38	0.32	(0.66)	1.38	(1.00)	2.62

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