FlexShares IBoxx Correlations

Etfs . USA . 
Etf . FlexShares iBoxx 3 Year
TDTT Etf  USD 24.22  0.05  0.21%   
The current 90-days correlation between FlexShares iBoxx 3 and FlexShares iBoxx 5 Year is 0.92 (i.e., Almost no 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. If the correlation is 0, the equities are not correlated; they are entirely random.

FlexShares IBoxx Correlation With Market

Good diversification

The correlation between FlexShares iBoxx 3 Year and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares iBoxx 3 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 3 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

  0.99STIP iShares 0 5PairCorr
  1.0TIPX SPDR Bloomberg 1PairCorr
  1.0STPZ PIMCO 1 5PairCorr
  0.99PBTP Invesco PureBeta 0PairCorr
  0.78MLPR ETRACS Quarterly PayPairCorr
  0.69AMZA InfraCap MLP ETFPairCorr
  0.85GDXU MicroSectors Gold MinersPairCorr
  0.68XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.84TRV The Travelers CompaniesPairCorr
  0.63CSCO Cisco SystemsPairCorr
  0.8MMM 3M CompanyPairCorr
  0.74CVX Chevron CorpPairCorr
  0.89VZ Verizon Communications Sell-off TrendPairCorr
  0.88KO Coca Cola Sell-off TrendPairCorr

Moving against FlexShares Etf

  0.85MSFT Microsoft Aggressive PushPairCorr
  0.82USD ProShares Ultra SemiPairCorr
  0.72GBTC Grayscale Bitcoin TrustPairCorr
  0.7FNGO MicroSectors FANG IndexPairCorr
  0.68HPQ HP IncPairCorr
  0.65FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.64CAT CaterpillarPairCorr
  0.59DIS Walt DisneyPairCorr
  0.52AXP American ExpressPairCorr
  0.51MRK Merck CompanyPairCorr
  0.5HD Home DepotPairCorr
  0.46BAC 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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