IShares Global Correlations

Etfs . USA . 
Etf . iShares Global Financials
IXG Etf  USD 104.91  0.85  0.82%   
The current 90-days correlation between iShares Global Financials and iShares Global Comm is 0.67 (i.e., Poor diversification). The correlation of IShares Global 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 Global Correlation With Market

Poor diversification

The correlation between iShares Global Financials and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Financials 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 Global Financials. 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

  0.81XLF Financial Select Sector Aggressive PushPairCorr
  0.67VFH Vanguard Financials IndexPairCorr
  0.72IYF iShares Financials ETFPairCorr
  0.67FNCL Fidelity MSCI FinancialsPairCorr
  0.64IYG iShares FinancialPairCorr
  0.78EUFN iShares MSCI EuropePairCorr
  0.72SPAQ Horizon Kinetics SPACPairCorr
  0.82PULS PGIM Ultra ShortPairCorr
  0.8GDXU MicroSectors Gold MinersPairCorr
  0.75JNJ Johnson JohnsonPairCorr
  0.62DD Dupont De NemoursPairCorr
  0.81CSCO Cisco SystemsPairCorr
  0.69CVX Chevron CorpPairCorr
  0.62JPM JPMorgan ChasePairCorr
  0.96GE GE AerospacePairCorr
  0.92MMM 3M CompanyPairCorr
  0.61INTC Intel Sell-off TrendPairCorr
  0.82IBM International BusinessPairCorr

Moving against IShares Etf

  0.75MRK Merck CompanyPairCorr
  0.5MSFT Microsoft Aggressive PushPairCorr
  0.47AA Alcoa CorpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
IYF
+ 0.99
IYG
IYG
+ 0.8
IXP
IYF
+ 0.8
IXP
IXJ
+ 0.67
IXP
IYG
+ 0.5
IXN
IYF
+ 0.46
IXJ
  
High negative correlations   
IXN
- 0.48
IXJ

IShares Global Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Global 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 Global'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY