IShares International Correlations

IFGL Etf

USD 22.12 0.04 0.18%

The current 90-days correlation between iShares International and iShares MSCI Emerging is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares International Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares International Correlation With Market

Modest diversification

The correlation between iShares International Develope and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International Develope 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 International Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with IShares Etf

0.91	REET	iShares Global REIT	Pair Corr
0.89	RWO	SPDR Dow Jones	Pair Corr
0.99	HAUZ	Xtrackers International	Pair Corr
0.98	RWX	SPDR Dow Jones	Pair Corr
0.95	GQRE	FlexShares Global Quality	Pair Corr
0.92	AVRE	Avantis Real Estate	Pair Corr
0.95	WTRE	WisdomTree New Economy	Pair Corr
0.9	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.9	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.9	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.74	BND	Vanguard Total Bond	Pair Corr
0.91	VTV	Vanguard Value Index	Pair Corr
0.89	VUG	Vanguard Growth Index	Pair Corr
0.89	VO	Vanguard Mid Cap	Pair Corr
0.95	VEA	Vanguard FTSE Developed	Pair Corr
0.87	VB	Vanguard Small Cap	Pair Corr
0.91	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.89	BUFD	FT Cboe Vest	Pair Corr
0.88	VBF	Invesco Van Kampen	Pair Corr
0.95	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.82	EUSB	iShares Trust	Pair Corr
0.85	HIDE	Alpha Architect High	Pair Corr
0.84	PFUT	Putnam Sustainable Future	Pair Corr
0.63	INTC	Intel Earnings Call This Week	Pair Corr
0.79	CVX	Chevron Corp	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.89	DIS	Walt Disney	Pair Corr
0.92	BAC	Bank of America	Pair Corr
0.93	IBM	International Business Earnings Call This Week	Pair Corr
0.87	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.79	BA	Boeing	Pair Corr
0.88	PFE	Pfizer Inc	Pair Corr

Moving against IShares Etf

0.45

Coca Cola Earnings Call This Week

Pair Corr

Related Correlations Analysis

	EEMS	IGOV	ISHG	RWX
EEMS		0.59	0.74	0.89	EEMS
IGOV	0.59		0.96	0.78	IGOV
ISHG	0.74	0.96		0.82	ISHG
RWX	0.89	0.78	0.82		RWX
	EEMS	IGOV	ISHG	RWX

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IShares International Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares International 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 International'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
EEMS	0.64	0.21	0.15	0.60	0.56	(0.73)	1.55	(1.28)	4.91
IGOV	0.47	0.03	(0.18)	(0.09)	0.61	(0.49)	1.02	(0.76)	3.34
ISHG	0.41	0.05	(0.20)	(0.12)	0.46	(0.44)	0.79	(0.85)	2.72
RWX	0.57	0.09	(0.03)	0.87	0.56	(0.59)	1.12	(0.89)	3.74

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