IShares Global Correlations

Etfs . USA . 
Etf . iShares Global Utilities
JXI Etf  USD 65.64  0.41  0.62%   
The current 90-days correlation between iShares Global Utilities and iShares Global Consumer is 0.51 (i.e., Very weak 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

Weak diversification

The correlation between iShares Global Utilities and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Utilities 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 Utilities. 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

  0.95XLU Utilities Select Sector Potential GrowthPairCorr
  0.94VPU Vanguard Utilities IndexPairCorr
  0.94FUTY Fidelity MSCI UtilitiesPairCorr
  0.94IDU iShares Utilities ETFPairCorr
  0.67FXU First Trust UtilitiesPairCorr
  0.7RNRG Global X RenewablePairCorr
  0.66YLCO Global X YieldCoPairCorr
  0.65EWC iShares MSCI CanadaPairCorr
  0.84IRET iREIT MarketVectorPairCorr

Moving against IShares Etf

  0.79GGLL Direxion Daily GOOGLPairCorr
  0.49EGUS iShares TrustPairCorr
  0.47IAUF ISharesPairCorr
  0.43ARKW ARK Next GenerationPairCorr
  0.34SKYY First Trust CloudPairCorr
  0.34PYPY Tidal Trust IIPairCorr
  0.58FTSL First Trust SeniorPairCorr
  0.54EOS Eaton Vance EnhancedPairCorr
  0.46JEPQ JPMorgan Nasdaq Equity Sell-off TrendPairCorr
  0.45VCR Vanguard ConsumerPairCorr
  0.43RNSC First Trust Small Symbol ChangePairCorr
  0.38BTC Grayscale Bitcoin MiniPairCorr
  0.37CIBR First Trust NASDAQ Sell-off TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
IXP
+ 0.95
RXI
MXI
+ 0.72
KXI
MXI
+ 0.67
EXI
EXI
+ 0.6
KXI
IXP
+ 0.16
EXI
RXI
+ 0.14
EXI
  
High negative correlations   
MXI
- 0.51
RXI
IXP
- 0.44
MXI
RXI
- 0.12
KXI
IXP
- 0.11
KXI

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY