FlexShares International Correlations

IQDY Etf

USD 29.27 0.34 1.15%

The correlation of FlexShares 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.

FlexShares International Correlation With Market

Very weak diversification

The correlation between FlexShares International Quali and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares International Quali 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 FlexShares International Quality. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with FlexShares Etf

0.97	EFV	iShares MSCI EAFE	Pair Corr
0.98	FNDF	Schwab Fundamental	Pair Corr
0.95	VYMI	Vanguard International	Pair Corr
0.94	IDV	iShares International	Pair Corr
0.98	DFIV	Dimensional International	Pair Corr
0.93	IVLU	iShares Edge MSCI	Pair Corr
0.95	RODM	Hartford Multifactor	Pair Corr
0.98	PXF	Invesco FTSE RAFI	Pair Corr
0.96	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.94	PID	Invesco International	Pair Corr
0.91	BABX	GraniteShares 175x Long	Pair Corr
0.9	GDXU	MicroSectors Gold Miners	Pair Corr
0.94	XPP	ProShares Ultra FTSE Downward Rally	Pair Corr
0.9	JNUG	Direxion Daily Junior	Pair Corr
0.75	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.81	MMM	3M Company	Pair Corr
0.75	IBM	International Business	Pair Corr
0.68	INTC	Intel	Pair Corr
0.73	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr
0.67	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Moving against FlexShares Etf

0.48	WTID	UBS ETRACS	Pair Corr
0.44	BAC	Bank of America	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.61	MRK	Merck Company	Pair Corr
0.59	HPQ	HP Inc	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.51	AXP	American Express	Pair Corr

Related Correlations Analysis

	IQDE	IQDF	QDYN	IDOG	QDEF
IQDE		0.0	0.0	0.0	0.0	IQDE
IQDF	0.0		0.0	0.98	0.09	IQDF
QDYN	0.0	0.0		0.0	0.0	QDYN
IDOG	0.0	0.98	0.0		-0.06	IDOG
QDEF	0.0	0.09	0.0	-0.06		QDEF
	IQDE	IQDF	QDYN	IDOG	QDEF

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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

IDOG	+ 0.98	IQDF
QDEF	+ 0.09	IQDF
IQDF	+ 0.0	IQDE
QDYN	+ 0.0	IQDE
IDOG	+ 0.0	IQDE
QDEF	+ 0.0	IQDE

High negative correlations

QDEF	- 0.06	IDOG
QDEF	- 0.0	QDYN
IDOG	- 0.0	QDYN
QDYN	- 0.0	IQDF
QDEF	- 0.0	IQDE
IDOG	- 0.0	IQDE

FlexShares International Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares 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 FlexShares 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
IQDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IQDF	0.64	0.15	0.21	0.21	0.62	(0.67)	1.38	(1.22)	4.27
QDYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDOG	0.69	0.21	0.32	0.42	0.51	(0.84)	1.69	(1.12)	3.99
QDEF	0.57	0.01	0.00	(0.04)	0.00	0.00	1.19	(1.24)	2.82

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