FlexShares ESG Correlations

Etfs USA . 
Etf . FlexShares ESG Climate
FEUS Etf  USD 61.73  0.45  0.73%   
The current 90-days correlation between FlexShares ESG Climate and Vanguard Total Stock is -0.17 (i.e., Good diversification). The correlation of FlexShares ESG 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. If the correlation is 0, the equities are not correlated; they are entirely random.

FlexShares ESG Correlation With Market

Good diversification

The correlation between FlexShares ESG Climate and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares ESG Climate and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with FlexShares Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FlexShares ESG Climate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with FlexShares Etf

  0.93VTI Vanguard Total StockPairCorr
  0.93SPY SPDR SP 500 Aggressive PushPairCorr
  0.94IVV iShares Core SPPairCorr
  0.93VIG Vanguard DividendPairCorr
  0.93VV Vanguard Large CapPairCorr
  0.93RSP Invesco SP 500PairCorr
  0.94IWB iShares Russell 1000PairCorr
  0.94ESGU iShares ESG AwarePairCorr
  0.94DFAC Dimensional Core EquityPairCorr
  0.94SPLG SPDR Portfolio SPPairCorr
  0.68ARKC ARK 21Shares ActivePairCorr

Moving against FlexShares Etf

  0.83STIP iShares 0 5PairCorr
  0.76IAU iShares Gold Trust Potential GrowthPairCorr
  0.73RING iShares MSCI GlobalPairCorr
  0.69IBIG iShares TrustPairCorr
  0.61SHNY Microsectors GoldPairCorr
  0.6SCHJ Schwab 1 5PairCorr
  0.57WTID UBS ETRACS Potential GrowthPairCorr
  0.5SCHP Schwab TIPS ETFPairCorr
  0.47ZBIO Zenas BioPharma, CommonPairCorr
  0.45JAGG JPMorgan BetaBuildersPairCorr
  0.86XTWO Bondbloxx ETF TrustPairCorr
  0.82UVIX 2x Long VIX Downward RallyPairCorr
  0.77SMDD ProShares UltraPro Short Downward RallyPairCorr
  0.77ISHFF iShares IV PublicPairCorr
  0.76IAUM iShares Gold Trust Potential GrowthPairCorr
  0.76GLDM SPDR Gold MiniShares Potential GrowthPairCorr
  0.75BWX SPDR Bloomberg InterPairCorr
  0.7TYA Simplify Exchange TradedPairCorr

Related Correlations Analysis

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FlexShares ESG Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares ESG 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 ESG'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTI  1.26  0.05  0.00 (0.07) 0.00 
 0.00 
 2.11 
(2.73)
 14.26 
SPY  1.26  0.06  0.00 (0.06) 0.00 
 0.00 
 2.06 
(2.66)
 14.88 
IVV  1.22  0.05  0.00 (0.07) 0.00 
 0.00 
 2.08 
(2.61)
 13.03 
VIG  1.02  0.06  0.00 (0.06) 0.00 
 0.00 
 1.49 
(2.01)
 10.04 
VV  1.24  0.06  0.00 (0.07) 0.00 
 0.00 
 2.09 
(2.76)
 13.29 
RSP  1.08  0.05  0.00 (0.07) 0.00 
 0.00 
 1.76 
(2.01)
 11.36 
IWB  1.23  0.05  0.00 (0.08) 0.00 
 0.00 
 2.11 
(2.74)
 12.89 
ESGU  1.25  0.04  0.00 (0.08) 0.00 
 0.00 
 2.12 
(2.72)
 13.34 
DFAC  1.22  0.02  0.00 (0.09) 0.00 
 0.00 
 1.96 
(2.40)
 12.92 
SPLG  1.21  0.05  0.00 (0.07) 0.00 
 0.00 
 2.03 
(2.65)
 12.94 

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