IShares Global Correlations

Etfs . USA . 
Etf . iShares Global Industrials
EXI Etf  USD 167.03  0.25  0.15%   
The current 90-days correlation between iShares Global Indus and iShares Global Consumer is 0.79 (i.e., Poor diversification). The correlation of IShares Global 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 Global Correlation With Market

Poor diversification

The correlation between iShares Global Industrials and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Industrials 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 Global Industrials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with IShares Etf

  1.0XLI Industrial Select SectorPairCorr
  0.63DRVN Driven Brands HoldingsPairCorr
  0.98ITA iShares Aerospace DefensePairCorr
  0.99VIS Vanguard IndustrialsPairCorr
  0.95JETS US Global JetsPairCorr
  0.97FXR First Trust IndustriPairCorr
  0.98PPA Invesco Aerospace DefensePairCorr
  0.9EGLE Global X FundsPairCorr
  0.99IYJ iShares Industrials ETFPairCorr
  0.95IYT iShares TransportationPairCorr
  0.9BTCL T Rex 2XPairCorr
  0.9BITU ProShares TrustPairCorr
  0.9BTFX Valkyrie Bitcoin FuturesPairCorr
  0.9BITX Volatility Shares TrustPairCorr
  0.78MSTY YieldMax MSTR OptionPairCorr
  0.96DFEN Direxion Daily AerospacePairCorr
  0.96CAT CaterpillarPairCorr
  0.92MMM 3M CompanyPairCorr
  0.95AXP American ExpressPairCorr
  0.83PFE Pfizer IncPairCorr
  0.97BAC Bank of AmericaPairCorr
  0.98MSFT Microsoft Aggressive PushPairCorr
  0.9AA Alcoa CorpPairCorr
  0.76CVX Chevron CorpPairCorr
  0.96DIS Walt DisneyPairCorr
  0.88DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.71INTC Intel Earnings Call This WeekPairCorr
  0.96BA Boeing Earnings Call This WeekPairCorr

Moving against IShares Etf

  0.89WTID UBS ETRACSPairCorr
  0.42PG Procter Gamble Earnings Call This WeekPairCorr
  0.34VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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IShares Global Constituents Risk-Adjusted Indicators

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