IShares Global Correlations

Etfs . USA . 
Etf . iShares Global Financials
IXG Etf  USD 99.97  1.08  1.09%   
The current 90-days correlation between iShares Global Financials and Vanguard Industrials Index is 0.77 (i.e., Poor 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.

IShares Global Correlation With Market

Very poor diversification

The correlation between iShares Global Financials and DJI is 0.85 (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 Financials 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 Global Financials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with IShares Etf

  0.97XLF Financial Select Sector Aggressive PushPairCorr
  0.97VFH Vanguard Financials IndexPairCorr
  0.92KRE SPDR SP RegionalPairCorr
  0.93KBE SPDR SP BankPairCorr
  0.97IYF iShares Financials ETFPairCorr
  0.97FNCL Fidelity MSCI FinancialsPairCorr
  0.96IYG iShares FinancialPairCorr
  0.98FXO First Trust FinancialsPairCorr
  0.93IAT iShares Regional BanksPairCorr
  0.91PULS PGIM Ultra ShortPairCorr
  0.74MPAY Akros Monthly PayoutPairCorr
  0.94BUFF Innovator LadderedPairCorr
  0.93SPY SPDR SP 500PairCorr
  0.9PPA Invesco Aerospace DefensePairCorr
  0.84INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.62XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.81HPQ HP IncPairCorr
  0.71HD Home DepotPairCorr
  0.77CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.87TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.76T ATT Inc Aggressive PushPairCorr
  0.87AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.95AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Moving against IShares Etf

  0.9BITI ProShares TrustPairCorr
  0.49GREI Goldman Sachs FuturePairCorr
  0.75KO Coca Cola Aggressive PushPairCorr
  0.67PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.67JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.44PG Procter GamblePairCorr

Related Correlations Analysis

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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   
VCR
+ 0.92
VIS
VAW
+ 0.78
VIS
VDC
+ 0.58
VHT
VAW
+ 0.57
VCR
  
High negative correlations   
VHT
- 0.72
VCR
VHT
- 0.62
VIS
VDC
- 0.3
VIS
VDC
- 0.26
VCR
VHT
- 0.21
VAW
VDC
- 0.08
VAW

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.

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