IShares International Correlations

IFGL Etf

USD 20.02 0.02 0.10%

The current 90-days correlation between iShares International and Avantis Emerging Markets is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares International Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares International Correlation With Market

Average diversification

The correlation between iShares International Develope and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International Develope 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 Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with IShares Etf

0.82	REET	iShares Global REIT Sell-off Trend	Pair Corr
0.86	RWO	SPDR Dow Jones	Pair Corr
0.99	HAUZ	Xtrackers International	Pair Corr
0.99	RWX	SPDR Dow Jones	Pair Corr
0.67	GQRE	FlexShares Global Quality	Pair Corr
0.9	AVRE	Avantis Real Estate	Pair Corr
0.95	WTRE	WisdomTree New Economy	Pair Corr
0.83	BND	Vanguard Total Bond	Pair Corr
0.87	VEA	Vanguard FTSE Developed	Pair Corr
0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.97	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against IShares Etf

0.84	VUG	Vanguard Growth Index	Pair Corr
0.82	VTI	Vanguard Total Stock	Pair Corr
0.81	SPY	SPDR SP 500	Pair Corr
0.81	IVV	iShares Core SP	Pair Corr
0.81	VO	Vanguard Mid Cap Potential Growth	Pair Corr
0.79	VB	Vanguard Small Cap	Pair Corr
0.64	VTV	Vanguard Value Index Potential Growth	Pair Corr
0.93	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.85	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	T	ATT Inc Sell-off Trend	Pair Corr
0.8	DIS	Walt Disney Sell-off Trend	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.77	WMT	Walmart	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.35	INTC	Intel Sell-off Trend	Pair Corr

Related Correlations Analysis

	AVES	AVLV	AVEM	AVUS	AVDE
AVES		-0.3	0.99	-0.29	0.75	AVES
AVLV	-0.3		-0.23	0.99	-0.53	AVLV
AVEM	0.99	-0.23		-0.23	0.7	AVEM
AVUS	-0.29	0.99	-0.23		-0.51	AVUS
AVDE	0.75	-0.53	0.7	-0.51		AVDE
	AVES	AVLV	AVEM	AVUS	AVDE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AVEM	+ 0.99	AVES
AVUS	+ 0.99	AVLV
AVDE	+ 0.75	AVES
AVDE	+ 0.7	AVEM

High negative correlations

AVDE	- 0.53	AVLV
AVDE	- 0.51	AVUS
AVLV	- 0.3	AVES
AVUS	- 0.29	AVES
AVUS	- 0.23	AVEM
AVEM	- 0.23	AVLV

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
AVES	0.80	0.02	(0.06)	0.21	1.04	(0.81)	1.78	(1.87)	6.52
AVLV	0.53	0.07	0.13	0.19	0.00	(0.66)	1.25	(0.77)	4.73
AVEM	0.79	0.04	(0.04)	0.33	0.97	(0.85)	1.98	(1.86)	5.78
AVUS	0.51	0.07	0.10	0.19	0.27	(0.60)	1.03	(0.82)	4.58
AVDE	0.59	(0.03)	(0.14)	0.03	0.69	(0.61)	1.23	(1.14)	3.83

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