IShares Global Correlations

JXI Etf  USD 67.16  0.66  0.99%   
The current 90-days correlation between iShares Global Utilities and iShares Global Consumer is 0.47 (i.e., Very weak 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

Weak diversification

The correlation between iShares Global Utilities 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 Global Utilities 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 Utilities. 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

  0.96XLU Utilities Select SectorPairCorr
  0.97VPU Vanguard Utilities IndexPairCorr
  0.97FUTY Fidelity MSCI UtilitiesPairCorr
  0.97IDU iShares Utilities ETFPairCorr
  0.95FXU First Trust UtilitiesPairCorr
  0.72XOM Exxon Mobil CorpPairCorr
  0.68TRV The Travelers CompaniesPairCorr
  0.76JNJ Johnson JohnsonPairCorr
  0.73INTC IntelPairCorr
  0.78DD Dupont De NemoursPairCorr

Moving against IShares Etf

  0.78YCS ProShares UltraShort YenPairCorr
  0.33MRK Merck Company Aggressive PushPairCorr

Related Correlations Analysis

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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.