FlexShares Developed Correlations

Etfs USA . 
Etf . FlexShares Developed Markets
QLVD Etf  USD 28.66  0.23  0.80%   
The current 90-days correlation between FlexShares Developed and FlexShares Emerging Markets is 0.42 (i.e., Very weak diversification). The correlation of FlexShares Developed 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 Developed Correlation With Market

Very weak diversification

The correlation between FlexShares Developed Markets and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Developed Markets 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 Developed Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with FlexShares Etf

  0.98VEA Vanguard FTSE DevelopedPairCorr
  0.99IEFA iShares Core MSCIPairCorr
  0.97VEU Vanguard FTSE AllPairCorr
  0.99EFA iShares MSCI EAFEPairCorr
  0.97IXUS iShares Core MSCIPairCorr
  0.98SPDW SPDR SP WorldPairCorr
  0.98IDEV iShares Core MSCIPairCorr
  0.99ESGD iShares ESG AwarePairCorr
  0.99JIRE JP Morgan ExchangePairCorr
  0.97DFAX Dimensional WorldPairCorr
  0.89GDXU MicroSectors Gold MinersPairCorr
  0.96JNJ Johnson JohnsonPairCorr
  0.84MCD McDonaldsPairCorr
  0.68CVX Chevron CorpPairCorr
  0.84TRV The Travelers CompaniesPairCorr
  0.94VZ Verizon Communications Aggressive PushPairCorr
  0.77GE GE AerospacePairCorr
  0.65INTC IntelPairCorr
  0.65XOM Exxon Mobil Corp Earnings Call This WeekPairCorr

Moving against FlexShares Etf

  0.56UPRO ProShares UltraPro SP500PairCorr
  0.48QTOC Innovator ETFs TrustPairCorr
  0.46QTJA Innovator ETFs TrustPairCorr
  0.39XTOC Innovator ETFs TrustPairCorr
  0.37XTJA Innovator ETFs TrustPairCorr
  0.67CAT CaterpillarPairCorr
  0.65HPQ HP Inc Sell-off TrendPairCorr
  0.62AXP American ExpressPairCorr
  0.62DIS Walt DisneyPairCorr
  0.57MRK Merck CompanyPairCorr
  0.56HD Home DepotPairCorr
  0.54BAC Bank of AmericaPairCorr

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   
IQDY
+ 0.95
MFDX
IQDY
+ 0.84
QLVE
MFDX
+ 0.78
QLVE
QLV
+ 0.65
QLVE
IQDY
+ 0.5
QLV
MFDX
+ 0.43
QLV
  
High negative correlations   
IQDY
- 0.0
PBDM
MFDX
- 0.0
PBDM
PBDM
- 0.0
QLV
PBDM
- 0.0
QLVE

FlexShares Developed Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Developed 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 Developed'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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