IShares Emerging Correlations

DVYE Etf

USD 27.52 0.12 0.43%

The current 90-days correlation between iShares Emerging Markets and Franklin Templeton ETF is 0.85 (i.e., Very poor diversification). The correlation of IShares Emerging 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares Emerging 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 manufacturing.

Moving together with IShares Etf

0.91	VWO	Vanguard FTSE Emerging	Pair Corr
0.93	IEMG	iShares Core MSCI	Pair Corr
0.61	EMC	Global X Funds	Pair Corr
0.94	EEM	iShares MSCI Emerging	Pair Corr
0.91	SPEM	SPDR Portfolio Emerging	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
0.87	ESGE	iShares ESG Aware	Pair Corr
0.91	SFGRX	Seafarer Overseas	Pair Corr
0.78	XSOE	WisdomTree Emerging	Pair Corr
0.82	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.73	PULS	PGIM Ultra Short	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.73	MCD	McDonalds	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr
0.83	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.6	MSFT	Microsoft	Pair Corr
0.51	AXP	American Express Sell-off Trend	Pair Corr
0.5	CAT	Caterpillar	Pair Corr
0.46	MRK	Merck Company	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.42	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	MDPL	DURA
DIEM		0.73	0.64	0.79	0.4	0.32	0.66	0.58	0.66	DIEM
DIVD	0.73		0.73	0.99	0.55	0.35	0.92	0.63	0.89	DIVD
DIVG	0.64	0.73		0.69	0.85	0.78	0.9	0.69	0.81	DIVG
DIVI	0.79	0.99	0.69		0.48	0.32	0.87	0.6	0.85	DIVI
DIVL	0.4	0.55	0.85	0.48		0.82	0.73	0.48	0.58	DIVL
DIVO	0.32	0.35	0.78	0.32	0.82		0.54	0.33	0.36	DIVO
DIVP	0.66	0.92	0.9	0.87	0.73	0.54		0.77	0.95	DIVP
MDPL	0.58	0.63	0.69	0.6	0.48	0.33	0.77		0.82	MDPL
DURA	0.66	0.89	0.81	0.85	0.58	0.36	0.95	0.82		DURA
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	MDPL	DURA

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IShares Emerging Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Emerging 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 Emerging'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
DIEM	0.68	0.02	0.11	(0.32)	0.84	(0.76)	1.42	(1.88)	4.38
DIVD	0.59	0.11	0.25	(1.29)	0.63	(0.68)	1.39	(0.99)	3.39
DIVG	0.60	(0.01)	0.08	0.12	0.76	(0.62)	1.23	(1.18)	3.05
DIVI	0.68	0.11	0.24	(0.56)	0.67	(0.86)	1.34	(1.21)	4.29
DIVL	0.65	0.02	0.00	(0.04)	0.00	0.00	1.28	(1.30)	3.06
DIVO	0.56	(0.05)	0.00	0.40	0.00	0.00	1.22	(1.39)	3.03
DIVP	0.54	0.02	0.12	(0.43)	0.73	(0.54)	1.01	(1.23)	2.96
MDPL	0.63	0.00	0.00	0.00	0.00	0.00	1.09	(1.53)	4.07
DURA	0.58	0.02	0.12	(0.39)	0.77	(0.58)	1.32	(1.29)	2.96

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IShares Emerging Correlations

Moving together with IShares Etf

Moving against IShares Etf

Related Correlations Analysis

IShares Emerging Constituents Risk-Adjusted Indicators

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