IShares Global Correlations

REET Etf

USD 24.27 0.02 0.08%

The current 90-days correlation between iShares Global REIT and iShares Core REIT is 0.98 (i.e., Almost no 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Global Correlation With Market

Very weak diversification

The correlation between iShares Global REIT and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global REIT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IShares Etf

0.85	RWO	SPDR Dow Jones	Pair Corr
0.86	HAUZ	Xtrackers International	Pair Corr
0.79	RWX	SPDR Dow Jones	Pair Corr
0.97	GQRE	FlexShares Global Quality	Pair Corr
0.97	AVRE	Avantis Real Estate	Pair Corr
0.82	IFGL	iShares International	Pair Corr
0.94	WTRE	WisdomTree New Economy	Pair Corr
0.67	FXY	Invesco CurrencyShares	Pair Corr
0.79	ITDD	iShares Trust	Pair Corr
0.71	T	ATT Inc Earnings Call This Week	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.69	IBM	International Business	Pair Corr

Moving against IShares Etf

0.5

GRI

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Pair Corr

Related Correlations Analysis

	USRT	SCHH	SRET	FREL	SPEM
USRT		0.97	0.64	0.98	0.6	USRT
SCHH	0.97		0.77	0.99	0.68	SCHH
SRET	0.64	0.77		0.74	0.8	SRET
FREL	0.98	0.99	0.74		0.68	FREL
SPEM	0.6	0.68	0.8	0.68		SPEM
	USRT	SCHH	SRET	FREL	SPEM

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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
USRT	0.87	0.00	0.00	(0.08)	0.00	0.00	1.63	(2.10)	4.86
SCHH	0.89	0.01	0.00	(0.05)	0.00	0.00	1.56	(1.82)	4.43
SRET	0.73	0.10	0.14	0.13	0.91	(0.80)	1.39	(1.74)	4.02
FREL	0.89	0.02	0.00	(0.05)	0.00	0.00	1.82	(2.05)	4.48
SPEM	0.71	0.06	0.10	0.06	0.90	(0.70)	1.37	(1.75)	5.06

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