IShares AsiaPacific Correlations

DVYA Etf

USD 39.94 0.01 0.03%

The current 90-days correlation between iShares AsiaPacific and Franklin Templeton ETF is 0.67 (i.e., Poor diversification). The correlation of IShares AsiaPacific 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 AsiaPacific Correlation With Market

Very weak diversification

The correlation between iShares AsiaPacific Dividend and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares AsiaPacific Dividend and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares AsiaPacific Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

0.96	BBAX	JPMorgan BetaBuilders	Pair Corr
0.97	AAXJ	iShares MSCI All	Pair Corr
0.96	EPP	iShares MSCI Pacific	Pair Corr
0.97	AIA	iShares Asia 50	Pair Corr
0.97	GMF	SPDR SP Emerging	Pair Corr
0.98	FLAX	Franklin FTSE Asia	Pair Corr
0.93	FPA	First Trust Asia	Pair Corr
0.97	MINV	Matthews Asia Innovators	Pair Corr
0.97	ADIV	SmartETFs Asia Pacific	Pair Corr
0.96	MDY	SPDR SP MIDCAP	Pair Corr
0.96	SLYG	SPDR SP 600	Pair Corr
0.97	KRMA	Global X Conscious	Pair Corr
0.97	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.97	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.9	NFLX	Netflix Downward Rally	Pair Corr
0.97	SLYV	SPDR SP 600	Pair Corr
0.94	IGV	iShares Expanded Tech Low Volatility	Pair Corr
0.85	VBF	Invesco Van Kampen	Pair Corr
0.83	KGRN	KraneShares MSCI China	Pair Corr
0.95	VYMI	Vanguard International	Pair Corr
0.8	HIDE	Alpha Architect High	Pair Corr
0.96	VFVA	Vanguard Value Factor	Pair Corr
0.93	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.97	SRLN	SPDR Blackstone Senior	Pair Corr
0.96	FXED	Tidal ETF Trust	Pair Corr
0.91	PFUT	Putnam Sustainable Future	Pair Corr
0.86	PALL	abrdn Physical Palladium	Pair Corr
0.96	MYMF	SPDR SSGA My2026	Pair Corr
0.97	DFAS	Dimensional Small Cap	Pair Corr
0.98	DFEV	Dimensional ETF Trust	Pair Corr
0.76	EUSB	iShares Trust	Pair Corr
0.94	QTOC	Innovator ETFs Trust	Pair Corr
0.96	SUPP	TCW Transform Supply	Pair Corr
0.96	CGGO	Capital Group Global	Pair Corr
0.98	CPSD	Calamos ETF Trust	Pair Corr
0.7	CERY	SPDR Series Trust	Pair Corr
0.98	SAUG	First Trust Exchange	Pair Corr

Related Correlations Analysis

	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO
DIEM		-0.95	0.95	0.98	0.97	0.95	0.96	0.97	0.98	DIEM
DIPS	-0.95		-0.95	-0.95	-0.93	-0.9	-0.91	-0.95	-0.96	DIPS
DISO	0.95	-0.95		0.96	0.94	0.89	0.95	0.93	0.94	DISO
DIVB	0.98	-0.95	0.96		0.98	0.98	0.96	0.97	0.99	DIVB
DIVD	0.97	-0.93	0.94	0.98		0.95	0.98	0.96	0.97	DIVD
DIVG	0.95	-0.9	0.89	0.98	0.95		0.9	0.94	0.97	DIVG
DIVI	0.96	-0.91	0.95	0.96	0.98	0.9		0.94	0.94	DIVI
DIVL	0.97	-0.95	0.93	0.97	0.96	0.94	0.94		0.97	DIVL
DIVO	0.98	-0.96	0.94	0.99	0.97	0.97	0.94	0.97		DIVO
	DIEM	DIPS	DISO	DIVB	DIVD	DIVG	DIVI	DIVL	DIVO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DIVO	+ 0.99	DIVB
DIVB	+ 0.98	DIEM
DIVO	+ 0.98	DIEM
DIVD	+ 0.98	DIVB
DIVG	+ 0.98	DIVB
DIVI	+ 0.98	DIVD

High negative correlations

DIVO	- 0.96	DIPS
DIVL	- 0.95	DIPS
DIVB	- 0.95	DIPS
DISO	- 0.95	DIPS
DIPS	- 0.95	DIEM
DIVD	- 0.93	DIPS

IShares AsiaPacific Constituents Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DIEM	0.55	0.18	0.18	0.53	0.11	(0.68)	1.52	(1.02)	4.00
DIPS	1.51	(0.56)	0.00	2.79	0.00	0.00	2.74	(4.05)	13.70
DISO	0.83	0.30	0.29	0.61	0.35	(1.10)	1.85	(1.28)	8.62
DIVB	0.62	0.08	0.06	0.23	0.49	(0.71)	1.64	(1.21)	4.54
DIVD	0.54	0.07	0.03	0.26	0.45	(0.61)	1.31	(1.13)	3.11
DIVG	0.63	0.03	0.00	0.17	0.72	(0.65)	1.45	(1.19)	4.55
DIVI	0.57	0.12	0.07	0.39	0.41	(0.64)	1.37	(1.07)	3.32
DIVL	0.63	0.15	0.01	(2.48)	0.65	(0.72)	1.46	(1.33)	5.05
DIVO	0.48	0.03	(0.02)	0.17	0.50	(0.55)	1.31	(1.10)	3.08

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