IShares Asia Correlations

Etfs . USA . 
Etf . iShares Asia 50
AIA Etf  USD 83.73  0.08  0.1%   
The current 90-days correlation between iShares Asia 50 and Alliancebernstein National Municipal is -0.08 (i.e., Good diversification). The correlation of IShares Asia 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.

IShares Asia Correlation With Market

Very weak diversification

The correlation between iShares Asia 50 and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Asia 50 and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with IShares Etf
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares Asia 50. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with IShares Etf

  0.97BBAX JPMorgan BetaBuildersPairCorr
  1.0AAXJ iShares MSCI AllPairCorr
  0.98EPP iShares MSCI PacificPairCorr
  0.99GMF SPDR SP EmergingPairCorr
  1.0FLAX Franklin FTSE AsiaPairCorr
  0.97DVYA iShares AsiaPacificPairCorr
  0.94FPA First Trust AsiaPairCorr
  0.99MINV Matthews Asia InnovatorsPairCorr
  0.98ADIV SmartETFs Asia PacificPairCorr
  0.96MDY SPDR SP MIDCAPPairCorr
  0.96SLYG SPDR SP 600PairCorr
  0.97KRMA Global X ConsciousPairCorr
  0.98SPY SPDR SP 500 Sell-off TrendPairCorr
  0.98IVV iShares Core SP Sell-off TrendPairCorr
  0.91NFLX Netflix Downward RallyPairCorr
  0.94SLYV SPDR SP 600PairCorr
  0.96IGV iShares Expanded Tech Low VolatilityPairCorr
  0.84VBF Invesco Van KampenPairCorr
  0.84KGRN KraneShares MSCI ChinaPairCorr
  0.96VYMI Vanguard InternationalPairCorr
  0.75HIDE Alpha Architect HighPairCorr
  0.95VFVA Vanguard Value FactorPairCorr
  0.91VABS Virtus Newfleet ABSMBSPairCorr
  0.98SRLN SPDR Blackstone SeniorPairCorr
  0.92FXED Tidal ETF TrustPairCorr
  0.93PFUT Putnam Sustainable FuturePairCorr
  0.83PALL abrdn Physical PalladiumPairCorr
  0.93MYMF SPDR SSGA My2026PairCorr
  0.96DFAS Dimensional Small CapPairCorr
  0.99DFEV Dimensional ETF TrustPairCorr
  0.7EUSB iShares TrustPairCorr
  0.97QTOC Innovator ETFs TrustPairCorr
  0.97SUPP TCW Transform SupplyPairCorr
  0.98CGGO Capital Group GlobalPairCorr
  0.97CPSD Calamos ETF TrustPairCorr
  0.71CERY SPDR Series TrustPairCorr
  0.96SAUG First Trust ExchangePairCorr

Related Correlations Analysis

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IShares Asia Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Asia 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 IShares Asia'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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