IShares International Correlations

IGOV Etf

USD 39.23 0.07 0.18%

The current 90-days correlation between iShares International and iShares 1 3 Year is 0.82 (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

Modest diversification

The correlation between iShares International Treasury and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International Treasury 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 Treasury. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with IShares Etf

0.94	BWX	SPDR Bloomberg Inter	Pair Corr
0.94	WIP	SPDR FTSE International	Pair Corr
0.87	JPIB	JPMorgan International	Pair Corr
0.93	BWZ	SPDR Bloomberg Short	Pair Corr
0.98	PICB	Invesco International	Pair Corr
0.87	GRNB	VanEck Green Bond	Pair Corr
0.89	SPSK	SP Funds Dow	Pair Corr
0.92	ISHG	iShares 1 3	Pair Corr
0.85	SHLD	Global X Funds	Pair Corr
0.67	TAIL	Cambria Tail Risk	Pair Corr
0.82	GHMS	Goose Hollow Multi	Pair Corr
0.87	LIAE	Stone Ridge 2050	Pair Corr
0.89	ACWV	iShares MSCI Global	Pair Corr
0.81	JMST	JPMorgan Ultra Short	Pair Corr
0.85	EEMX	SPDR MSCI Emerging	Pair Corr
0.78	GDXU	MicroSectors Gold Miners	Pair Corr
0.88	BBEM	JP Morgan Exchange	Pair Corr
0.87	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr

Moving against IShares Etf

0.56	WINN	Harbor Long Term	Pair Corr
0.32	HUM	Humana Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	ISHG	GVI	AGZ	IFGL	BWX
ISHG		0.9	0.88	0.67	0.9	ISHG
GVI	0.9		0.99	0.74	0.9	GVI
AGZ	0.88	0.99		0.72	0.87	AGZ
IFGL	0.67	0.74	0.72		0.73	IFGL
BWX	0.9	0.9	0.87	0.73		BWX
	ISHG	GVI	AGZ	IFGL	BWX

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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
ISHG	0.38	0.06	0.25	0.61	0.19	(0.53)	0.99	(0.50)	1.94
GVI	0.14	0.02	0.29	1.80	0.00	(0.16)	0.31	(0.26)	0.85
AGZ	0.14	0.02	0.29	1.11	0.00	(0.17)	0.30	(0.23)	0.93
IFGL	0.67	0.10	0.16	0.17	0.60	(0.84)	1.53	(1.18)	3.73
BWX	0.32	0.01	0.10	(0.17)	0.32	(0.38)	0.80	(0.51)	2.09

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