FlexShares Core Correlations

Etfs . USA . 
Etf . FlexShares Core Select
BNDC Etf  USD 22.02  0.02  0.09%   
The current 90-days correlation between FlexShares Core Select and Invesco BulletShares 2027 is -0.05 (i.e., Good diversification). The correlation of FlexShares Core 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 Core Correlation With Market

Significant diversification

The correlation between FlexShares Core Select and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Core Select and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with FlexShares Etf
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in FlexShares Core Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with FlexShares Etf

  0.89BND Vanguard Total BondPairCorr
  0.89AGG iShares Core AggregatePairCorr
  0.99BIV Vanguard IntermediatePairCorr
  0.9SPAB SPDR Portfolio AggregatePairCorr
  0.89EAGG iShares ESG AggregatePairCorr
  0.99FLCB Franklin Templeton ETFPairCorr
  0.91UITB VictoryShares USAA CorePairCorr
  0.9DFCF Dimensional ETF TrustPairCorr
  0.96JAGG JPMorgan BetaBuildersPairCorr
  0.98AGGY WisdomTree Yield EnhancedPairCorr
  0.91PMBS PIMCO Mortgage BackedPairCorr
  0.69ITDD iShares TrustPairCorr
  0.7NFLX NetflixPairCorr
  0.82VABS Virtus Newfleet ABSMBSPairCorr
  0.67BUFD FT Cboe VestPairCorr
  0.86HIDE Alpha Architect HighPairCorr
  0.67CGGO Capital Group GlobalPairCorr
  0.73VBF Invesco Van KampenPairCorr
  0.66SRLN SPDR Blackstone SeniorPairCorr
  0.92EUSB iShares TrustPairCorr
  0.63QTOC Innovator ETFs TrustPairCorr
  0.87SPIB SPDR Barclays IntermPairCorr

Related Correlations Analysis

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FlexShares Core Constituents Risk-Adjusted Indicators

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