FlexShares Quality Correlations

QDEF Etf

USD 70.40 0.62 0.89%

The current 90-days correlation between FlexShares Quality and FlexShares Quality Dividend is 0.97 (i.e., Almost no diversification). The correlation of FlexShares Quality 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.

FlexShares Quality Correlation With Market

Very good diversification

The correlation between FlexShares Quality Dividend and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Quality Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in FlexShares Quality Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with FlexShares Etf

0.69	VTV	Vanguard Value Index	Pair Corr
0.73	VYM	Vanguard High Dividend	Pair Corr
0.7	IWD	iShares Russell 1000	Pair Corr
0.79	DGRO	iShares Core Dividend	Pair Corr
0.79	IVE	iShares SP 500 Sell-off Trend	Pair Corr
0.82	DVY	iShares Select Dividend	Pair Corr
0.95	SPYV	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.79	IUSV	iShares Core SP	Pair Corr
0.66	NOBL	ProShares SP 500	Pair Corr
0.67	JPM	JPMorgan Chase	Pair Corr
0.75	WMT	Walmart	Pair Corr

Moving against FlexShares Etf

0.53

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	QDF	QDYN	IQDF	IQDY	IQDE
QDF		0.0	-0.27	-0.22	0.0	QDF
QDYN	0.0		0.0	0.0	0.0	QDYN
IQDF	-0.27	0.0		0.99	0.0	IQDF
IQDY	-0.22	0.0	0.99		0.0	IQDY
IQDE	0.0	0.0	0.0	0.0		IQDE
	QDF	QDYN	IQDF	IQDY	IQDE

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

IQDY	+ 0.99	IQDF
QDYN	+ 0.0	QDF
IQDE	+ 0.0	QDF
IQDF	+ 0.0	QDYN
IQDY	+ 0.0	QDYN
IQDE	+ 0.0	QDYN

High negative correlations

IQDF	- 0.27	QDF
IQDY	- 0.22	QDF
IQDE	- 0.0	IQDY
IQDE	- 0.0	IQDF
IQDE	- 0.0	QDYN
IQDY	- 0.0	QDYN

FlexShares Quality Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Quality 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 Quality'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
QDF	0.69	(0.09)	0.00	0.44	0.00	0.00	1.26	(1.45)	3.58
QDYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IQDF	0.64	0.12	0.15	0.21	0.79	(0.65)	1.38	(1.24)	4.27
IQDY	0.65	0.09	0.12	0.15	0.84	(0.68)	1.32	(1.47)	4.40
IQDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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