IShares Global Correlations

Etfs . USA . 
Etf . iShares Global Consumer
KXI Etf  USD 61.89  0.78  1.28%   
The current 90-days correlation between iShares Global Consumer and iShares Global Consumer is 0.42 (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 Consumer and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Consumer and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares Global Consumer. 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

  0.96XLP Consumer Staples Select Aggressive PushPairCorr
  0.86VDC Vanguard Consumer StaplesPairCorr
  0.93IYK iShares Consumer StaplesPairCorr
  0.86FSTA Fidelity MSCI ConsumerPairCorr
  0.9FTXG First Trust NasdaqPairCorr
  0.89RHS Invesco SP 500PairCorr
  0.84FXG First Trust ConsumerPairCorr
  0.76PBJ Invesco Dynamic FoodPairCorr

Moving against IShares Etf

  0.6DSJA DSJAPairCorr
  0.59TSJA TSJAPairCorr
  0.56XDJA Innovator ETFs TrustPairCorr
  0.47QTJA Innovator ETFs TrustPairCorr
  0.42XTJA Innovator ETFs TrustPairCorr
  0.37QTAP Innovator Growth 100PairCorr
  0.33XTAP Innovator Equity AccPairCorr
  0.63BIL SPDR Bloomberg 1PairCorr
  0.62OBIL US Treasury 12PairCorr
  0.51APRD Innovator Etfs TrustPairCorr

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   
IXJ
+ 0.92
MXI
MXI
+ 0.82
JXI
IXJ
+ 0.73
JXI
MXI
+ 0.67
EXI
EXI
+ 0.66
JXI
IXJ
+ 0.63
EXI
  
High negative correlations   
MXI
- 0.51
RXI
IXJ
- 0.46
RXI
JXI
- 0.42
RXI

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