IShares International Correlations

HYXU Etf

USD 49.43 0.27 0.54%

The current 90-days correlation between iShares International and iShares Intl High is -0.04 (i.e., Good 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 -0.18 (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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares International High. 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

0.73	ANGL	VanEck Fallen Angel	Pair Corr
0.69	FALN	iShares Fallen Angels	Pair Corr
0.74	HYDW	Xtrackers Low Beta	Pair Corr
0.85	BABX	GraniteShares 175x Long	Pair Corr
0.76	GDXU	MicroSectors Gold Miners	Pair Corr
0.9	XPP	ProShares Ultra FTSE	Pair Corr
0.77	JNUG	Direxion Daily Junior	Pair Corr
0.76	MCD	McDonalds	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.79	KO	Coca Cola Sell-off Trend	Pair Corr
0.83	TRV	The Travelers Companies	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr

Moving against IShares Etf

0.43	BA	Boeing	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr
0.74	AXP	American Express	Pair Corr
0.73	MSFT	Microsoft Aggressive Push	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.31	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	GHYG	EMHY	IHY	CEMB	PICB
GHYG		0.95	0.93	0.94	0.83	GHYG
EMHY	0.95		0.84	0.89	0.71	EMHY
IHY	0.93	0.84		0.95	0.94	IHY
CEMB	0.94	0.89	0.95		0.89	CEMB
PICB	0.83	0.71	0.94	0.89		PICB
	GHYG	EMHY	IHY	CEMB	PICB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	0.25	0.03	0.16	0.11	0.29	(0.26)	0.54	(0.49)	1.22
EMHY	0.24	0.02	0.12	0.06	0.33	(0.26)	0.55	(0.39)	1.42
IHY	0.31	0.03	0.16	(0.42)	0.31	(0.40)	0.77	(0.64)	2.17
CEMB	0.14	0.02	0.21	(0.40)	0.11	(0.16)	0.36	(0.22)	0.93
PICB	0.39	0.02	0.12	(0.17)	0.42	(0.48)	0.93	(0.64)	2.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC