FlexShares Quality Correlations

QLV Etf

USD 74.14 0.15 0.20%

The current 90-days correlation between FlexShares Quality Low and Direxion Shares ETF is 0.35 (i.e., Weak diversification). The correlation of FlexShares Quality 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. If the correlation is 0, the equities are not correlated; they are entirely random.

FlexShares Quality Correlation With Market

Very poor diversification

The correlation between FlexShares Quality Low and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Quality Low and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FlexShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in FlexShares Quality Low. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with FlexShares Etf

0.72	VTI	Vanguard Total Stock	Pair Corr
0.7	SPY	SPDR SP 500	Pair Corr
0.71	IVV	iShares Core SP	Pair Corr
0.91	VIG	Vanguard Dividend	Pair Corr
0.63	VV	Vanguard Large Cap	Pair Corr
0.89	RSP	Invesco SP 500	Pair Corr
0.69	IWB	iShares Russell 1000	Pair Corr
0.87	DFAC	Dimensional Core Equity	Pair Corr
0.78	SPLG	SSgA Symbol Change	Pair Corr
0.77	BND	Vanguard Total Bond	Pair Corr
0.93	VTV	Vanguard Value Index	Pair Corr
0.81	VO	Vanguard Mid Cap	Pair Corr
0.92	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.84	VB	Vanguard Small Cap	Pair Corr
0.86	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.93	FNDC	Schwab Fundamental	Pair Corr
0.9	SPVM	Invesco SP 500	Pair Corr
0.8	XYLD	Global X SP	Pair Corr
0.93	LVHI	Franklin International	Pair Corr
0.62	WEBS	Direxion Daily Dow	Pair Corr
0.9	EURL	Direxion Daily FTSE	Pair Corr
0.77	PFFA	Virtus InfraCap Preferred	Pair Corr
0.87	CHPS	Xtrackers Semiconductor	Pair Corr
0.88	NCPB	Nuveen Core Plus	Pair Corr
0.93	UDI	USCF ETF Trust	Pair Corr
0.9	DMCY	Democracy International	Pair Corr
0.93	JEPI	JPMorgan Equity Premium	Pair Corr
0.89	TAXT	Northern Trust Tax	Pair Corr
0.83	NBCE	Neuberger Berman ETF	Pair Corr
0.94	BMVP	Invesco Bloomberg MVP	Pair Corr
0.8	XAUG	FT Cboe Vest	Pair Corr
0.75	PSFD	Pacer Swan SOS	Pair Corr
0.92	REGL	ProShares SP MidCap	Pair Corr
0.89	STXE	EA Series Trust	Pair Corr
0.86	IAUM	iShares Gold Trust	Pair Corr

Moving against FlexShares Etf

0.33

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	JPAN	GMMA	VERS	SNPD	IQRA	WCEO	BBB	NSCR	QQJG	LMBO
JPAN		0.78	-0.26	0.92	0.91	0.77	-0.32	0.35	0.29	-0.39	JPAN
GMMA	0.78		0.15	0.8	0.62	0.91	0.08	0.78	0.63	-0.12	GMMA
VERS	-0.26	0.15		-0.39	-0.54	0.12	0.91	0.62	0.75	0.77	VERS
SNPD	0.92	0.8	-0.39		0.9	0.84	-0.44	0.32	0.19	-0.55	SNPD
IQRA	0.91	0.62	-0.54	0.9		0.6	-0.56	0.13	-0.01	-0.54	IQRA
WCEO	0.77	0.91	0.12	0.84	0.6		0.0	0.7	0.65	-0.23	WCEO
BBB	-0.32	0.08	0.91	-0.44	-0.56	0.0		0.55	0.62	0.89	BBB
NSCR	0.35	0.78	0.62	0.32	0.13	0.7	0.55		0.89	0.32	NSCR
QQJG	0.29	0.63	0.75	0.19	-0.01	0.65	0.62	0.89		0.42	QQJG
LMBO	-0.39	-0.12	0.77	-0.55	-0.54	-0.23	0.89	0.32	0.42		LMBO
	JPAN	GMMA	VERS	SNPD	IQRA	WCEO	BBB	NSCR	QQJG	LMBO

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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

SNPD	+ 0.92	JPAN
IQRA	+ 0.91	JPAN
WCEO	+ 0.91	GMMA
BBB	+ 0.91	VERS
IQRA	+ 0.9	SNPD
LMBO	+ 0.89	BBB

High negative correlations

BBB	- 0.56	IQRA
LMBO	- 0.55	SNPD
LMBO	- 0.54	IQRA
IQRA	- 0.54	VERS
BBB	- 0.44	SNPD
SNPD	- 0.39	VERS

FlexShares Quality Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Quality 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 FlexShares Quality'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
JPAN	0.83	0.15	0.14	0.23	0.77	(0.93)	2.17	(1.42)	4.86
GMMA	0.25	(0.01)	(0.12)	0.02	0.36	(0.25)	0.52	(0.56)	1.98
VERS	1.29	(0.26)	0.00	(0.16)	0.00	0.00	2.16	(3.10)	7.51
SNPD	0.56	0.16	0.20	0.32	0.37	(0.64)	1.25	(1.02)	3.31
IQRA	0.45	0.11	0.13	0.36	0.31	(0.50)	0.87	(0.72)	2.42
WCEO	0.73	0.04	0.05	0.10	0.68	(0.86)	1.98	(1.55)	4.45
BBB	0.86	(0.21)	0.00	(0.17)	0.00	0.00	1.72	(2.00)	6.09
NSCR	0.63	(0.08)	0.00	(0.04)	0.00	0.00	1.12	(1.65)	3.91
QQJG	0.90	(0.11)	0.00	(0.04)	0.00	0.00	1.69	(1.85)	6.22
LMBO	5.27	(1.03)	0.00	(0.22)	0.00	0.00	11.19	(11.09)	30.35

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