IShares Latin Correlations

ILF Etf

USD 23.56 0.44 1.83%

The current 90-days correlation between iShares Latin America and iShares MSCI Mexico is 0.74 (i.e., Poor diversification). The correlation of IShares Latin 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.

IShares Latin Correlation With Market

Weak diversification

The correlation between iShares Latin America and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Latin America 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 Latin America. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IShares Etf

0.93	EWZ	iShares MSCI Brazil	Pair Corr
0.93	FLBR	Franklin FTSE Brazil	Pair Corr
0.91	EWZS	iShares MSCI Brazil	Pair Corr
0.98	FLLA	Franklin FTSE Latin Potential Growth	Pair Corr
0.94	BRF	VanEck Brazil Small	Pair Corr
0.91	FBZ	First Trust Brazil	Pair Corr
0.68	IRET	Tidal Trust II	Pair Corr
0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.88	KO	Coca Cola Sell-off Trend	Pair Corr
0.81	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against IShares Etf

0.8	ARKW	ARK Next Generation	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.69	IAUF	IShares	Pair Corr
0.66	WTMF	WisdomTree Managed	Pair Corr
0.59	BST	BlackRock Science Tech	Pair Corr
0.49	EWC	iShares MSCI Canada	Pair Corr
0.39	HD	Home Depot Sell-off Trend	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr
0.78	DIS	Walt Disney Aggressive Push	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.72	T	ATT Inc Aggressive Push	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.52	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	EWW	EPP	EZA	EWZ	EWA
EWW		0.47	0.45	0.65	0.65	EWW
EPP	0.47		0.77	-0.1	0.87	EPP
EZA	0.45	0.77		-0.1	0.6	EZA
EWZ	0.65	-0.1	-0.1		0.27	EWZ
EWA	0.65	0.87	0.6	0.27		EWA
	EWW	EPP	EZA	EWZ	EWA

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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

EWA	+ 0.87	EPP
EZA	+ 0.77	EPP
EWZ	+ 0.65	EWW
EWA	+ 0.65	EWW
EWA	+ 0.6	EZA
EPP	+ 0.47	EWW

High negative correlations

EWZ	- 0.1	EZA
EWZ	- 0.1	EPP

IShares Latin Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Latin 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 Latin'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
EWW	1.03	(0.21)	0.00	(0.32)	0.00	0.00	2.62	(2.50)	5.96
EPP	0.74	(0.02)	(0.10)	0.08	0.80	(0.89)	1.66	(1.49)	4.70
EZA	1.07	(0.04)	(0.09)	(0.04)	1.47	(1.01)	2.35	(2.51)	5.66
EWZ	0.89	(0.21)	0.00	(0.49)	0.00	0.00	2.19	(2.11)	5.22
EWA	0.75	(0.06)	(0.13)	0.00	0.88	(0.84)	1.75	(1.64)	4.96

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