FlexShares IBoxx Correlations

TDTF Etf

USD 23.86 0.07 0.29%

The current 90-days correlation between FlexShares iBoxx 5 and Vanguard Short Term Inflation Protected is 0.84 (i.e., Very poor diversification). The correlation of FlexShares IBoxx 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 IBoxx Correlation With Market

Modest diversification

The correlation between FlexShares iBoxx 5 Year and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares iBoxx 5 Year and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in FlexShares iBoxx 5 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with FlexShares Etf

0.98	TIP	iShares TIPS Bond	Pair Corr
0.74	SPIP	SPDR Portfolio TIPS	Pair Corr
0.7	JCPI	JPMorgan Inflation	Pair Corr
0.76	LTPZ	PIMCO 15 Year	Pair Corr
0.99	DFIP	Dimensional ETF Trust	Pair Corr
0.98	TIPZ	PIMCO Broad TIPS	Pair Corr
0.86	PMBS	PIMCO Mortgage Backed	Pair Corr
0.75	SIXD	AIM ETF Products	Pair Corr
0.77	YCL	ProShares Ultra Yen	Pair Corr
0.86	CEFD	ETRACS Monthly Pay	Pair Corr
0.8	FXY	Invesco CurrencyShares	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.84	T	ATT Inc Aggressive Push	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.79	IBM	International Business	Pair Corr
0.65	WMT	Walmart	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.71	GE	GE Aerospace	Pair Corr

Moving against FlexShares Etf

0.31

MSFT

Microsoft

Pair Corr

Related Correlations Analysis

	VTIP	TIP	PBTP	GTIP	IBIB	IBIC	IBIF	IBIG	IBID
VTIP		0.57	1.0	0.74	0.87	0.95	0.92	0.85	0.99	VTIP
TIP	0.57		0.56	0.79	0.26	0.4	0.71	0.76	0.55	TIP
PBTP	1.0	0.56		0.73	0.88	0.96	0.91	0.84	0.99	PBTP
GTIP	0.74	0.79	0.73		0.34	0.52	0.94	0.98	0.69	GTIP
IBIB	0.87	0.26	0.88	0.34		0.97	0.62	0.5	0.9	IBIB
IBIC	0.95	0.4	0.96	0.52	0.97		0.77	0.66	0.97	IBIC
IBIF	0.92	0.71	0.91	0.94	0.62	0.77		0.99	0.89	IBIF
IBIG	0.85	0.76	0.84	0.98	0.5	0.66	0.99		0.81	IBIG
IBID	0.99	0.55	0.99	0.69	0.9	0.97	0.89	0.81		IBID
	VTIP	TIP	PBTP	GTIP	IBIB	IBIC	IBIF	IBIG	IBID

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

FlexShares IBoxx Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares IBoxx 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 IBoxx'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
VTIP	0.07	0.02	0.14	0.45	0.00	(0.09)	0.14	(0.12)	0.45
TIP	0.20	0.02	0.06	0.26	0.16	(0.22)	0.44	(0.36)	1.30
PBTP	0.09	0.02	0.14	0.76	0.00	(0.11)	0.20	(0.12)	0.47
GTIP	0.19	0.01	0.04	0.14	0.17	(0.21)	0.49	(0.42)	1.20
IBIB	0.03	0.01	0.00	(1.24)	0.00	0.00	0.12	(0.04)	0.20
IBIC	0.04	0.02	0.15	2.54	0.00	(0.07)	0.12	(0.08)	0.28
IBIF	0.14	0.02	0.08	0.21	0.00	(0.17)	0.31	(0.31)	0.82
IBIG	0.17	0.02	0.06	0.15	0.13	(0.19)	0.39	(0.47)	0.98
IBID	0.07	0.02	0.11	0.83	0.00	(0.10)	0.19	(0.16)	0.51

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