IShares Global Correlations

IXG ETF

USD 120.65 -0.36 -0.30%

The current 90-days correlation between iShares Global Financials and iShares North American is 0.13 (i.e., Good diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

IShares Global Market Correlation

Minimal diversification benefit

For the present investment horizon, the measured correlation between IShares Global and Dow Jones stands at 0.94, or Minimal diversification benefit. A 0.94 reading means IShares Global and Dow Jones have substantial price overlap, limiting risk reduction through pairing.

IShares Global has a market cap of 390.93 million. Profitability and liquidity metrics provide a baseline for evaluating financial health. Comparing individual position volatility against portfolio-level volatility measures diversification. Broader economic conditions can influence iShares Global Financials's ETF valuation - related indicators include signals in manufacturing.

Moving Together With IShares Global ETF

0.96	XLF	Financial Select Sector	Pair Corr
0.97	VFH	Vanguard Financials Index	Pair Corr
0.95	KRE	SPDR SAMPP Regional Sell-off Trend	Pair Corr
0.96	KBE	SPDR SAMPP Bank Sell-off Trend	Pair Corr
0.97	IYF	iShares Financials ETF	Pair Corr
0.97	FNCL	Fidelity MSCI Financials	Pair Corr
0.96	IYG	iShares Financial Services	Pair Corr
0.97	FXO	First Trust Financials	Pair Corr
0.94	IAT	iShares Regional Banks	Pair Corr
0.64	TINY	ProShares Nanotechnology ETF	Pair Corr
0.79	DECT	AIM ETF Products	Pair Corr
0.65	TDIV	First Trust NASDAQ	Pair Corr
0.75	GAMR	Amplify Video Game	Pair Corr
0.63	DFAR	Dimensional Real Estate	Pair Corr
0.86	EPSB	Harbor SMID Cap	Pair Corr
0.84	RSEE	Collaborative Investment Series	Pair Corr
0.8	SPTM	SPDR Portfolio SAMPP	Pair Corr
0.8	PPTY	US Diversified Real	Pair Corr
0.65	USRT	iShares Core REIT	Pair Corr
0.62	VNLA	Janus Henderson Short	Pair Corr
0.76	MATE	Man Active Trend	Pair Corr
0.73	IWC	iShares Micro Cap ETF	Pair Corr

Moving Differently From IShares Global ETF

0.4

MLPI

Neos Mlp Energy

Pair Corr

Related Correlations Analysis

	IGE	HEZU	IYZ	EES	IAK	GII	DWM	IYM	IAT	DIV
IGE		-0.19	0.42	-0.08	-0.35	0.5	-0.2	0.15	-0.47	0.22	IGE
HEZU	-0.19		0.25	0.74	0.77	0.57	0.98	0.89	0.8	0.73	HEZU
IYZ	0.42	0.25		0.63	0.02	0.26	0.13	0.36	0.05	0.4	IYZ
EES	-0.08	0.74	0.63		0.55	0.29	0.66	0.69	0.72	0.66	EES
IAK	-0.35	0.77	0.02	0.55		0.38	0.8	0.71	0.78	0.63	IAK
GII	0.5	0.57	0.26	0.29	0.38		0.61	0.72	0.19	0.79	GII
DWM	-0.2	0.98	0.13	0.66	0.8	0.61		0.88	0.8	0.74	DWM
IYM	0.15	0.89	0.36	0.69	0.71	0.72	0.88		0.63	0.8	IYM
IAT	-0.47	0.8	0.05	0.72	0.78	0.19	0.8	0.63		0.44	IAT
DIV	0.22	0.73	0.4	0.66	0.63	0.79	0.74	0.8	0.44		DIV
	IGE	HEZU	IYZ	EES	IAK	GII	DWM	IYM	IAT	DIV

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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

DWM	+ 0.98	HEZU
IYM	+ 0.89	HEZU
IYM	+ 0.88	DWM
IAT	+ 0.8	HEZU
DWM	+ 0.8	IAK
IAT	+ 0.8	DWM

High negative correlations

IAT	- 0.47	IGE
IAK	- 0.35	IGE
DWM	- 0.2	IGE
HEZU	- 0.19	IGE
EES	- 0.08	IGE

IShares Global Constituents Risk-Adjusted Indicators

Strong recent returns in IShares Global ETF do not always mean IShares Global ETF is outperforming peers on business quality. Risk-adjusted metrics help compare IShares Global's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IGE	0.88	0.06	0.05	0.22	1.12	-0.85	1.90	-1.71	5.31
HEZU	1.03	0.04	0.03	0.03	1.18	-1.11	2.31	-1.86	6.43
IYZ	1.09	0.18	0.13	0.24	1.15	-1.15	2.50	-2.23	7.16
EES	0.83	0.10	0.09	0.10	1.03	-0.85	1.89	-1.82	5.75
IAK	0.71	-0.04	0.00	-0.11	0.00	0.00	1.52	-1.71	3.59
GII	0.65	0.04	0.05	0.09	0.92	-0.60	1.25	-1.44	4.39
DWM	0.97	0.03	0.03	0.03	1.17	-1.10	2.46	-2.10	6.14
IYM	1.09	0.06	0.04	0.05	1.51	-1.00	2.28	-2.27	5.57
IAT	1.12	-0.09	0.00	-0.08	0.00	0.00	1.94	-2.46	6.86
DIV	0.46	0.05	0.08	0.16	0.50	-0.55	0.92	-0.85	3.29