IShares Global Correlations

JXI Etf

USD 69.04 0.87 1.28%

The current 90-days correlation between iShares Global Utilities and iShares Global Consumer is 0.5 (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

Average diversification

The correlation between iShares Global Utilities and DJI is 0.11 (i.e., Average 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

0.87	XLU	Utilities Select Sector Aggressive Push	Pair Corr
0.86	VPU	Vanguard Utilities Index	Pair Corr
0.86	FUTY	Fidelity MSCI Utilities	Pair Corr
0.83	IDU	iShares Utilities ETF	Pair Corr
0.78	RYU	Invesco	Pair Corr
0.8	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.69	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.84	VZ	Verizon Communications Aggressive Push	Pair Corr
0.78	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against IShares Etf

0.33	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.32	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	KXI	EXI	RXI	MXI	IXP
KXI		-0.41	-0.61	0.39	-0.7	KXI
EXI	-0.41		0.9	0.51	0.89	EXI
RXI	-0.61	0.9		0.28	0.96	RXI
MXI	0.39	0.51	0.28		0.26	MXI
IXP	-0.7	0.89	0.96	0.26		IXP
	KXI	EXI	RXI	MXI	IXP

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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

IXP	+ 0.96	RXI
RXI	+ 0.9	EXI
IXP	+ 0.89	EXI
MXI	+ 0.51	EXI
MXI	+ 0.39	KXI
MXI	+ 0.28	RXI

High negative correlations

IXP	- 0.7	KXI
RXI	- 0.61	KXI
EXI	- 0.41	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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KXI	0.46	(0.06)	0.00	(0.71)	0.00	0.00	0.78	(0.99)	2.93
EXI	0.63	(0.02)	(0.03)	0.07	0.69	(0.69)	1.51	(1.22)	3.78
RXI	0.83	0.06	0.05	0.15	0.73	(0.96)	1.98	(1.42)	4.29
MXI	0.79	(0.08)	0.00	(0.04)	0.00	0.00	1.86	(1.70)	5.10
IXP	0.61	0.05	0.03	0.17	0.67	(0.64)	1.24	(1.33)	3.19

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