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.
  
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

  0.63USHY iShares Broad USD Sell-off TrendPairCorr
  0.62HYLB Xtrackers USD High Sell-off TrendPairCorr
  0.74ANGL VanEck Fallen Angel Sell-off TrendPairCorr
  0.63FALN iShares Fallen Angels Sell-off TrendPairCorr
  0.74HYLS First Trust TacticalPairCorr
  0.68HYDW Xtrackers Low BetaPairCorr
  0.73VZ Verizon Communications Aggressive PushPairCorr
  0.68T ATT Inc Aggressive PushPairCorr

Moving against IShares Etf

  0.76YCS ProShares UltraShort YenPairCorr
  0.33USD ProShares Ultra SemiPairCorr

Related Correlations Analysis

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.