IShares Global Correlations

Etfs . USA . 
Etf . iShares Global Consumer
KXI Etf  USD 62.70  0.13  0.21%   
The current 90-days correlation between iShares Global Consumer and iShares Global Consumer is -0.03 (i.e., Good 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

Good diversification

The correlation between iShares Global Consumer and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Consumer and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares Global Consumer. 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

  0.95XLP Consumer Staples SelectPairCorr
  0.82VDC Vanguard Consumer StaplesPairCorr
  0.96IYK iShares Consumer StaplesPairCorr
  0.81FSTA Fidelity MSCI ConsumerPairCorr
  0.63RHS Invesco SP 500PairCorr
  0.64GDXU MicroSectors Gold MinersPairCorr
  0.76IBM International BusinessPairCorr
  0.67TRV The Travelers CompaniesPairCorr
  0.84PG Procter GamblePairCorr
  0.87JNJ Johnson Johnson Sell-off TrendPairCorr
  0.89KO Coca ColaPairCorr

Moving against IShares Etf

  0.72USD ProShares Ultra SemiPairCorr
  0.66GBTC Grayscale Bitcoin TrustPairCorr
  0.66NAIL Direxion Daily HomebPairCorr
  0.57TECL Direxion Daily TechnologyPairCorr
  0.5FNGO MicroSectors FANG IndexPairCorr
  0.42SPXL Direxion Daily SP500PairCorr
  0.41UPRO ProShares UltraPro SP500PairCorr
  0.36DUSL Direxion Daily IndusPairCorr
  0.36FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.74AA Alcoa CorpPairCorr
  0.56MRK Merck CompanyPairCorr
  0.54BAC Bank of America Aggressive PushPairCorr
  0.48AXP American ExpressPairCorr
  0.44HPQ HP IncPairCorr
  0.42HD Home DepotPairCorr

Related Correlations Analysis

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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   
MXI
+ 0.94
EXI
IXJ
+ 0.87
MXI
MXI
+ 0.86
JXI
IXJ
+ 0.82
EXI
EXI
+ 0.8
JXI
IXJ
+ 0.79
JXI
  
High negative correlations   
JXI
- 0.05
RXI

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.

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