FlexShares Quality Correlations

QDEF Etf

USD 71.16 0.78 1.08%

The current 90-days correlation between FlexShares Quality and FlexShares Quality Dividend is 0.96 (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

Poor diversification

The correlation between FlexShares Quality Dividend and DJI is 0.64 (i.e., Poor 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

0.88	VTV	Vanguard Value Index	Pair Corr
0.81	VYM	Vanguard High Dividend	Pair Corr
0.9	IWD	iShares Russell 1000	Pair Corr
0.93	DGRO	iShares Core Dividend	Pair Corr
0.92	IVE	iShares SP 500	Pair Corr
0.91	DVY	iShares Select Dividend	Pair Corr
0.93	SPYV	SPDR Portfolio SP	Pair Corr
0.92	FVD	First Trust Value	Pair Corr
0.92	IUSV	iShares Core SP	Pair Corr
0.87	NOBL	ProShares SP 500	Pair Corr
0.82	SMI	VanEck Vectors ETF	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr
0.73	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Moving against FlexShares Etf

0.66

VXX

iPath Series B Low Volatility

Pair Corr

Related Correlations Analysis

	QDF	QDYN	IQDF	IQDY	IQDE
QDF		0.0	0.5	0.52	0.0	QDF
QDYN	0.0		0.0	0.0	0.0	QDYN
IQDF	0.5	0.0		0.98	0.0	IQDF
IQDY	0.52	0.0	0.98		0.0	IQDY
IQDE	0.0	0.0	0.0	0.0		IQDE
	QDF	QDYN	IQDF	IQDY	IQDE

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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

IQDY	+ 0.98	IQDF
IQDY	+ 0.52	QDF
IQDF	+ 0.5	QDF
QDYN	+ 0.0	QDF
IQDE	+ 0.0	QDF
IQDF	+ 0.0	QDYN

High negative correlations

IQDE	- 0.0	IQDY
IQDE	- 0.0	IQDF
IQDE	- 0.0	QDYN
IQDY	- 0.0	QDYN
IQDF	- 0.0	QDYN
IQDE	- 0.0	QDF

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	0.54	(0.01)	0.00	(0.11)	0.00	0.00	1.12	(1.34)	3.50
QDYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IQDF	0.58	0.11	0.19	0.19	0.71	(0.58)	1.12	(1.03)	3.66
IQDY	0.57	0.09	0.17	0.19	0.76	(0.55)	1.16	(1.22)	3.59
IQDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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