IShares Global Correlations

Etfs . USA . 
Etf . iShares Global Financials
IXG Etf  USD 111.26  0.17  0.15%   
The current 90-days correlation between iShares Global Financials and iShares Global Comm is 0.7 (i.e., Poor diversification). 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

Very poor diversification

The correlation between iShares Global Financials and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global Financials 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 Financials. 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

  0.99XLF Financial Select SectorPairCorr
  0.99VFH Vanguard Financials IndexPairCorr
  0.92KRE SPDR SP RegionalPairCorr
  0.94KBE SPDR SP BankPairCorr
  0.98IYF iShares Financials ETFPairCorr
  0.99FNCL Fidelity MSCI FinancialsPairCorr
  0.99IYG iShares FinancialPairCorr
  0.98EUFN iShares MSCI Europe Sell-off TrendPairCorr
  0.98FXO First Trust FinancialsPairCorr
  0.95IAT iShares Regional BanksPairCorr
  0.99VTI Vanguard Total Stock Sell-off TrendPairCorr
  0.99SPY SPDR SP 500 Sell-off TrendPairCorr
  0.99IVV iShares Core SP Sell-off TrendPairCorr
  0.97VTV Vanguard Value IndexPairCorr
  0.99VUG Vanguard Growth IndexPairCorr
  0.99VO Vanguard Mid CapPairCorr
  0.98VEA Vanguard FTSE DevelopedPairCorr
  0.98VB Vanguard Small CapPairCorr
  0.84KWEB KraneShares CSI China Aggressive PushPairCorr
  0.69SITC Site Centers CorpPairCorr
  0.68EUSB iShares TrustPairCorr
  0.97DFEV Dimensional ETF TrustPairCorr
  0.76PALL abrdn Physical PalladiumPairCorr
  0.83KGRN KraneShares MSCI ChinaPairCorr
  0.98SRLN SPDR Blackstone SeniorPairCorr
  0.98DFAS Dimensional Small CapPairCorr
  0.98VYMI Vanguard InternationalPairCorr
  0.95MYMF SPDR SSGA My2026PairCorr
  0.98PFUT Putnam Sustainable FuturePairCorr
  0.64SAUG First Trust ExchangePairCorr
  0.88VABS Virtus Newfleet ABSMBSPairCorr
  0.98CGGO Capital Group GlobalPairCorr
  0.86VBF Invesco Van KampenPairCorr
  0.98QTOC Innovator ETFs TrustPairCorr
  0.93FXED Tidal ETF TrustPairCorr
  0.66SUPP TCW Transform SupplyPairCorr
  0.95NFLX Netflix Downward RallyPairCorr
  0.98VWO Vanguard FTSE Emerging Sell-off TrendPairCorr

Related Correlations Analysis

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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.

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