FlexShares Core Correlations

BNDC Etf  USD 22.14  0.05  0.23%   
The current 90-days correlation between FlexShares Core Select and Invesco BulletShares 2027 is 0.6 (i.e., Poor 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

Average diversification

The correlation between FlexShares Core Select and DJI is 0.14 (i.e., Average 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.
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

  0.7BND Vanguard Total Bond Sell-off TrendPairCorr
  0.74AGG iShares Core Aggregate Sell-off TrendPairCorr
  0.72BIV Vanguard Intermediate Sell-off TrendPairCorr
  0.75SPAB SPDR Portfolio Aggregate Sell-off TrendPairCorr
  0.75EAGG iShares ESG AggregatePairCorr
  0.74FLCB Franklin Templeton ETFPairCorr
  0.74UITB VictoryShares USAA CorePairCorr
  0.98DFCF Dimensional ETF TrustPairCorr
  0.66JAGG JPMorgan BetaBuildersPairCorr
  0.67AGGY WisdomTree Yield EnhancedPairCorr
  0.61VEU Vanguard FTSE AllPairCorr
  0.68HCOW Amplify Cash FlowPairCorr

Moving against FlexShares Etf

  0.65ARKC ARK 21Shares Active Low VolatilityPairCorr

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.