IShares Global Correlations

IXC Etf

USD 40.61 0.27 0.67%

The current 90-days correlation between iShares Global Energy and iShares Energy ETF is 0.99 (i.e., No risk reduction). 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

Good diversification

The correlation between iShares Global Energy and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Energy 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 Global Energy. 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

0.98	XLE	Energy Select Sector Aggressive Push	Pair Corr
0.99	VDE	Vanguard Energy Index	Pair Corr
0.95	XOP	SPDR SP Oil	Pair Corr
0.97	OIH	VanEck Oil Services	Pair Corr
0.98	IYE	iShares Energy ETF	Pair Corr
0.98	FXN	First Trust Energy	Pair Corr
0.99	FENY	Fidelity MSCI Energy Sell-off Trend	Pair Corr
0.99	FTXN	First Trust Nasdaq	Pair Corr
0.97	IEO	iShares Oil Gas Low Volatility	Pair Corr
0.86	IRET	iREIT MarketVector	Pair Corr
0.61	DCPE	DoubleLine Shiller CAPE	Pair Corr
0.63	GYLD	Arrow ETF Trust	Pair Corr
0.68	OBND	SSGA Active Trust	Pair Corr

Related Correlations Analysis

	IYE	IGE	IXG	IXJ	IXN
IYE		0.87	0.43	0.64	0.43	IYE
IGE	0.87		0.57	0.51	0.64	IGE
IXG	0.43	0.57		0.07	0.91	IXG
IXJ	0.64	0.51	0.07		0.01	IXJ
IXN	0.43	0.64	0.91	0.01		IXN
	IYE	IGE	IXG	IXJ	IXN

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IYE	1.44	(0.04)	0.00	0.22	0.00	0.00	2.50	(2.77)	14.40
IGE	1.17	0.00	(0.01)	(0.03)	2.32	(1.09)	1.94	(2.34)	12.19
IXG	0.96	0.06	0.02	3.79	1.89	(0.93)	1.59	(1.87)	10.28
IXJ	1.07	(0.12)	0.00	3.30	0.00	0.00	1.80	(2.55)	6.82
IXN	1.44	0.13	0.06	0.12	2.11	(1.37)	2.91	(3.27)	17.71

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IShares Global Correlations

IShares Global Correlation With Market

Good diversification

Moving together with IShares Etf

Related Correlations Analysis

IShares Global Constituents Risk-Adjusted Indicators

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