| 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.
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