IShares China Correlations

FXI Etf

USD 36.67 0.11 0.30%

The current 90-days correlation between iShares China Large and iShares MSCI Brazil is 0.43 (i.e., Very weak diversification). The correlation of IShares China 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.

IShares China Correlation With Market

Modest diversification

The correlation between iShares China Large Cap and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares China Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares China Large Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with IShares Etf

0.99	KWEB	KraneShares CSI China	Pair Corr
0.78	ASHR	Xtrackers Harvest CSI	Pair Corr
1.0	GXC	SPDR SP China	Pair Corr
0.98	CQQQ	Invesco China Technology	Pair Corr
0.99	CXSE	WisdomTree China	Pair Corr
0.89	EWH	iShares MSCI Hong	Pair Corr
0.78	KBA	KraneShares Bosera MSCI	Pair Corr
0.74	CNYA	iShares MSCI China	Pair Corr
0.92	PMBS	PIMCO Mortgage Backed	Pair Corr
0.91	YCL	ProShares Ultra Yen	Pair Corr
0.93	FXY	Invesco CurrencyShares	Pair Corr
0.8	ULE	ProShares Ultra Euro	Pair Corr
0.87	GDXU	MicroSectors Gold Miners	Pair Corr
0.63	CVX	Chevron Corp	Pair Corr
0.64	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.84	MCD	McDonalds	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.95	T	ATT Inc Sell-off Trend	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.78	IBM	International Business	Pair Corr
0.93	KO	Coca Cola	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr

Moving against IShares Etf

0.43	EWT	iShares MSCI Taiwan	Pair Corr
0.32	SIXD	AIM ETF Products	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.61	AXP	American Express	Pair Corr
0.59	HPQ	HP Inc	Pair Corr
0.59	HD	Home Depot	Pair Corr
0.57	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	EWZ	EEM	EWJ	EWH	EWY
EWZ		0.77	0.85	0.46	0.77	EWZ
EEM	0.77		0.87	0.75	0.8	EEM
EWJ	0.85	0.87		0.75	0.66	EWJ
EWH	0.46	0.75	0.75		0.46	EWH
EWY	0.77	0.8	0.66	0.46		EWY
	EWZ	EEM	EWJ	EWH	EWY

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IShares China Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares China 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 China'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
EWZ	1.23	0.18	0.10	0.32	1.75	(1.21)	2.84	(2.13)	8.32
EEM	0.80	0.04	0.07	(0.67)	0.99	(0.83)	1.70	(1.82)	5.37
EWJ	0.79	0.08	0.10	0.10	0.90	(0.89)	1.74	(1.33)	4.32
EWH	0.90	0.10	0.11	0.27	1.01	(0.97)	1.64	(1.68)	5.56
EWY	1.21	0.05	0.06	(0.23)	1.50	(1.21)	2.71	(2.42)	6.58

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