IShares International Correlations
HYXU Etf | USD 47.84 0.03 0.06% |
The current 90-days correlation between iShares International and iShares Intl High is 0.84 (i.e., Very poor diversification). The correlation of IShares International 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 International Correlation With Market
Good diversification
The correlation between iShares International High and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International High and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
0.63 | USHY | iShares Broad USD Sell-off Trend | PairCorr |
0.62 | HYLB | Xtrackers USD High Sell-off Trend | PairCorr |
0.74 | ANGL | VanEck Fallen Angel Sell-off Trend | PairCorr |
0.63 | FALN | iShares Fallen Angels Sell-off Trend | PairCorr |
0.74 | HYLS | First Trust Tactical | PairCorr |
0.68 | HYDW | Xtrackers Low Beta | PairCorr |
0.73 | VZ | Verizon Communications Aggressive Push | PairCorr |
0.68 | T | ATT Inc Aggressive Push | PairCorr |
Moving against IShares Etf
Related Correlations Analysis
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IShares International Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares International 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 International'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GHYG | 0.23 | 0.02 | 0.25 | (0.30) | 0.24 | 0.57 | 1.75 | |||
EMHY | 0.23 | 0.03 | 0.25 | (0.36) | 0.23 | 0.55 | 1.92 | |||
IHY | 0.28 | 0.02 | 0.22 | (0.25) | 0.29 | 0.68 | 2.17 | |||
CEMB | 0.15 | 0.02 | 0.36 | (0.39) | 0.08 | 0.36 | 1.21 | |||
PICB | 0.40 | 0.00 | 0.14 | (0.03) | 0.42 | 0.93 | 2.43 |