FlexShares IBoxx Correlations

Etfs . USA . 
Etf . FlexShares iBoxx 5 Year
TDTF Etf  USD 24.01  0.05  0.21%   
The current 90-days correlation between FlexShares iBoxx 5 and Vanguard Short Term Inflation Protected is 0.12 (i.e., Average 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

Significant diversification

The correlation between FlexShares iBoxx 5 Year and DJI is 0.07 (i.e., Significant 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

  1.0TIP iShares TIPS BondPairCorr
  0.97SPIP SPDR Portfolio TIPSPairCorr
  0.83IVOL Quadratic Interest RatePairCorr
  0.98JCPI JPMorgan InflationPairCorr
  0.92LTPZ PIMCO 15 YearPairCorr
  0.98DFIP Dimensional ETF TrustPairCorr
  0.99TIPZ PIMCO Broad TIPSPairCorr
  1.0TIPSX DEUTSCHE GLOBAL INFLATIONPairCorr
  0.84GDXU MicroSectors Gold MinersPairCorr
  0.78MMM 3M CompanyPairCorr
  0.78IBM International BusinessPairCorr
  0.9VZ Verizon Communications Sell-off TrendPairCorr
  0.65PG Procter GamblePairCorr
  0.64CSCO Cisco SystemsPairCorr
  0.84TRV The Travelers CompaniesPairCorr
  0.76GE GE AerospacePairCorr
  0.96JNJ Johnson JohnsonPairCorr
  0.64XOM Exxon Mobil Corp Earnings Call This WeekPairCorr

Moving against FlexShares Etf

  0.82USD ProShares Ultra SemiPairCorr
  0.77TECL Direxion Daily TechnologyPairCorr
  0.71GBTC Grayscale Bitcoin TrustPairCorr
  0.71NAIL Direxion Daily HomebPairCorr
  0.66FNGO MicroSectors FANG IndexPairCorr
  0.6FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.55SPXL Direxion Daily SP500PairCorr
  0.54UPRO ProShares UltraPro SP500PairCorr
  0.82MSFT Microsoft Aggressive PushPairCorr
  0.8AA Alcoa CorpPairCorr
  0.64HPQ HP IncPairCorr
  0.54MRK Merck CompanyPairCorr
  0.52DIS Walt DisneyPairCorr
  0.47HD Home DepotPairCorr
  0.45BAC Bank of America Aggressive PushPairCorr

Related Correlations Analysis

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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.

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