FlexShares IBoxx Correlations

Etfs . USA . 
Etf . FlexShares iBoxx 5 Year
TDTF Etf  USD 23.48  0.03  0.13%   
The current 90-days correlation between FlexShares iBoxx 5 and Schwab Intermediate Term Treasury is 0.79 (i.e., Poor diversification). The correlation of FlexShares IBoxx 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 IBoxx Correlation With Market

Average diversification

The correlation between FlexShares iBoxx 5 Year 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 FlexShares iBoxx 5 Year and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in FlexShares iBoxx 5 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with FlexShares Etf

  1.0TIP iShares TIPS Bond Sell-off TrendPairCorr
  0.94SPIP SPDR Portfolio TIPSPairCorr
  0.86IVOL Quadratic Interest RatePairCorr
  0.95JCPI JPMorgan InflationPairCorr
  0.92LTPZ PIMCO 15 YearPairCorr
  0.99DFIP Dimensional ETF TrustPairCorr
  0.99TIPZ PIMCO Broad TIPSPairCorr
  0.75SMI VanEck Vectors ETFPairCorr
  0.65JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.85KO Coca Cola Aggressive PushPairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Moving against FlexShares Etf

  0.64CPII Ionic Inflation ProtPairCorr
  0.55WINN Harbor Long TermPairCorr
  0.54SHLD Global X FundsPairCorr
  0.45TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.83JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.73BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.66CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.51HPQ HP IncPairCorr
  0.49AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.47WMT Walmart Aggressive PushPairCorr
  0.42AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.32XOM Exxon Mobil Corp Aggressive PushPairCorr

Related Correlations Analysis

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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   
SCHZ
+ 0.98
SCHR
SCHO
+ 0.75
SCHZ
SCHF
+ 0.73
SCHR
SCHF
+ 0.7
SCHZ
SCHO
+ 0.68
SCHR
SCHO
+ 0.48
SCHF
  
High negative correlations   
SCHE
- 0.18
SCHR
SCHE
- 0.11
SCHZ

FlexShares IBoxx Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares IBoxx 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 IBoxx'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.

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