IShares Latin Correlations

Etfs . USA . 
Etf . iShares Latin America
ILF Etf  USD 25.04  0.51  2.00%   
The current 90-days correlation between iShares Latin America and iShares MSCI Mexico is 0.61 (i.e., Poor diversification). The correlation of IShares Latin 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 Latin Correlation With Market

Weak diversification

The correlation between iShares Latin America and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Latin America 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 Latin America. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IShares Etf

  0.99EWZ iShares MSCI BrazilPairCorr
  0.97FLBR Franklin FTSE BrazilPairCorr
  0.92EWZS iShares MSCI BrazilPairCorr
  0.98FLLA Franklin FTSE LatinPairCorr
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  0.78KWEB KraneShares CSI China Aggressive PushPairCorr
  0.87DCPE DoubleLine Shiller CAPEPairCorr
  0.86VSS Vanguard FTSE AllPairCorr
  0.91VFVA Vanguard Value FactorPairCorr
  0.85MYMF SPDR SSGA My2026PairCorr
  0.87SAUG First Trust ExchangePairCorr
  0.75FCOR Fidelity Corporate BondPairCorr
  0.66SITC Site Centers CorpPairCorr
  0.66EUSB iShares TrustPairCorr
  0.88VBF Invesco Van KampenPairCorr
  0.68HIDE Alpha Architect HighPairCorr

Related Correlations Analysis

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IShares Latin Constituents Risk-Adjusted Indicators

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