FlexShares Developed Correlations

QLVD Etf

USD 32.07 0.18 0.56%

The current 90-days correlation between FlexShares Developed and FlexShares ESG Climate is 0.4 (i.e., Very weak diversification). The correlation of FlexShares Developed 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.

FlexShares Developed Correlation With Market

Poor diversification

The correlation between FlexShares Developed Markets and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Developed Markets and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FlexShares Etf

0.89	VEA	Vanguard FTSE Developed	Pair Corr
0.94	IEFA	iShares Core MSCI	Pair Corr
0.9	VEU	Vanguard FTSE All	Pair Corr
0.94	EFA	iShares MSCI EAFE	Pair Corr
0.9	IXUS	iShares Core MSCI	Pair Corr
0.94	SPDW	SPDR SP World	Pair Corr
0.95	IDEV	iShares Core MSCI	Pair Corr
0.92	ESGD	iShares ESG Aware	Pair Corr
0.94	JIRE	JP Morgan Exchange	Pair Corr
0.87	DFAX	Dimensional World	Pair Corr
0.71	GDXU	MicroSectors Gold Miners	Pair Corr
0.77	MUU	Direxion Daily MU Upward Rally	Pair Corr
0.77	JNUG	Direxion Daily Junior	Pair Corr
0.76	MULL	GraniteShares 2x Long Upward Rally	Pair Corr
0.78	NUGT	Direxion Daily Gold	Pair Corr
0.88	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.82	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.74	SHNY	Microsectors Gold	Pair Corr
0.87	PJFM	PGIM ETF Trust	Pair Corr
0.87	CPSL	Calamos Laddered	Pair Corr
0.86	DDFO	Innovator Equity Dual	Pair Corr
0.82	CALI	iShares Short Term	Pair Corr

Related Correlations Analysis

	FEDM	AIVI	EASG	CAMX	DIVL	BKSE	PAMC	FLEU	BLCV	EIRL
FEDM		0.87	0.92	0.87	0.83	0.81	0.76	0.93	0.83	0.73	FEDM
AIVI	0.87		0.85	0.85	0.78	0.82	0.69	0.93	0.97	0.95	AIVI
EASG	0.92	0.85		0.86	0.82	0.81	0.8	0.96	0.81	0.69	EASG
CAMX	0.87	0.85	0.86		0.93	0.95	0.89	0.89	0.87	0.78	CAMX
DIVL	0.83	0.78	0.82	0.93		0.87	0.85	0.84	0.78	0.69	DIVL
BKSE	0.81	0.82	0.81	0.95	0.87		0.92	0.84	0.87	0.79	BKSE
PAMC	0.76	0.69	0.8	0.89	0.85	0.92		0.79	0.7	0.6	PAMC
FLEU	0.93	0.93	0.96	0.89	0.84	0.84	0.79		0.89	0.81	FLEU
BLCV	0.83	0.97	0.81	0.87	0.78	0.87	0.7	0.89		0.96	BLCV
EIRL	0.73	0.95	0.69	0.78	0.69	0.79	0.6	0.81	0.96		EIRL
	FEDM	AIVI	EASG	CAMX	DIVL	BKSE	PAMC	FLEU	BLCV	EIRL

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FlexShares Developed Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Developed 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 Developed'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
FEDM	0.80	0.01	(0.01)	0.09	0.98	(0.80)	1.88	(1.66)	5.39
AIVI	0.48	0.05	0.02	0.17	0.45	(0.53)	0.91	(1.07)	2.29
EASG	0.65	0.00	(0.01)	0.09	0.83	(0.65)	1.22	(1.25)	3.51
CAMX	0.65	0.01	0.00	0.09	0.67	(0.71)	1.51	(1.11)	3.13
DIVL	0.56	(0.04)	(0.08)	0.04	0.67	(0.62)	1.25	(1.19)	2.78
BKSE	0.94	(0.02)	0.00	0.07	1.05	(1.04)	1.78	(1.63)	4.94
PAMC	0.91	(0.03)	(0.01)	0.06	1.20	(0.90)	2.02	(2.10)	5.73
FLEU	0.59	0.00	(0.02)	0.09	0.66	(0.57)	1.11	(1.29)	2.85
BLCV	0.58	0.03	0.03	0.12	0.57	(0.64)	1.09	(0.93)	2.49
EIRL	0.68	0.08	0.07	0.18	0.60	(0.77)	1.83	(1.03)	4.01

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FlexShares Developed Correlations

FlexShares Developed Correlation With Market

Poor diversification

Moving together with FlexShares Etf

Related Correlations Analysis

FlexShares Developed Constituents Risk-Adjusted Indicators

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