IShares Currency Correlations

Etfs . USA . 
Etf . iShares Currency Hedged
HSCZ Etf  USD 35.78  0.06  0.17%   
The current 90-days correlation between iShares Currency Hedged and iShares Currency Hedged is 0.87 (i.e., Very poor diversification). The correlation of IShares Currency 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.

IShares Currency Correlation With Market

Poor diversification

The correlation between iShares Currency Hedged and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Currency Hedged and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with IShares Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Currency Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

  0.99SCZ iShares MSCI EAFEPairCorr
  0.99VSS Vanguard FTSE AllPairCorr
  0.97GWX SPDR SP InternationalPairCorr
  0.99ISCF iShares MSCI IntlPairCorr
  0.98DFIS Dimensional ETF TrustPairCorr
  0.93GBTC Grayscale Bitcoin TrustPairCorr
  0.96USD ProShares Ultra SemiPairCorr
  0.97DFEN Direxion Daily AerospacePairCorr
  0.98DUSL Direxion Daily IndusPairCorr
  0.77DIG ProShares Ultra OilPairCorr
  0.98FNGO MicroSectors FANG IndexPairCorr
  0.69MLPR ETRACS Quarterly PayPairCorr
  0.97SAUG First Trust ExchangePairCorr
  0.97SOXX iShares Semiconductor ETFPairCorr
  0.96PFUT Putnam Sustainable FuturePairCorr
  0.69EUSB iShares TrustPairCorr
  0.76HIDE Alpha Architect HighPairCorr
  0.99SUPP TCW Transform SupplyPairCorr
  0.82FCOR Fidelity Corporate BondPairCorr
  0.98QTOC Innovator ETFs TrustPairCorr
  0.68CERY SPDR Series TrustPairCorr
  0.99BUFD FT Cboe VestPairCorr
  0.97CPSD Calamos ETF TrustPairCorr
  0.82KGRN KraneShares MSCI ChinaPairCorr
  0.92VABS Virtus Newfleet ABSMBSPairCorr
  0.97DFAS Dimensional Small CapPairCorr
  0.98DFEV Dimensional ETF TrustPairCorr
  0.84KWEB KraneShares CSI China Aggressive PushPairCorr
  0.89SPIB SPDR Barclays IntermPairCorr
  0.97MYMF SPDR SSGA My2026PairCorr
  0.99CGGO Capital Group GlobalPairCorr
  0.95FXED Tidal ETF TrustPairCorr
  0.93NFLX NetflixPairCorr
  0.82PALL abrdn Physical PalladiumPairCorr
  0.99SPY SPDR SP 500PairCorr
  0.85VBF Invesco Van KampenPairCorr
  0.98VYMI Vanguard InternationalPairCorr

Moving against IShares Etf

  0.65FNGU MicroSectors FANG Index Symbol ChangePairCorr

Related Correlations Analysis

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IShares Currency Constituents Risk-Adjusted Indicators

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