IShares Global Correlations

Etfs . USA . 
Etf . iShares Global REIT
REET Etf  USD 24.77  0.04  0.16%   
The current 90-days correlation between iShares Global REIT and iShares Core REIT is 0.98 (i.e., Almost no 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Global Correlation With Market

Very weak diversification

The correlation between iShares Global REIT and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Global REIT and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in iShares Global REIT. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with IShares Etf

  0.99RWO SPDR Dow JonesPairCorr
  0.89HAUZ Xtrackers InternationalPairCorr
  0.88RWX SPDR Dow JonesPairCorr
  0.97GQRE FlexShares Global QualityPairCorr
  0.99AVRE Avantis Real EstatePairCorr
  0.91IFGL iShares InternationalPairCorr
  0.88WTRE WisdomTree New EconomyPairCorr
  0.89VTI Vanguard Total Stock Sell-off TrendPairCorr
  0.88SPY SPDR SP 500 Sell-off TrendPairCorr
  0.88IVV iShares Core SP Sell-off TrendPairCorr
  0.87VTV Vanguard Value IndexPairCorr
  0.88VUG Vanguard Growth IndexPairCorr
  0.9VO Vanguard Mid CapPairCorr
  0.92VEA Vanguard FTSE DevelopedPairCorr
  0.88VB Vanguard Small CapPairCorr
  0.88VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.89BUFD FT Cboe VestPairCorr
  0.91VBF Invesco Van KampenPairCorr
  0.81VABS Virtus Newfleet ABSMBSPairCorr
  0.66EUSB iShares TrustPairCorr
  0.75HIDE Alpha Architect HighPairCorr
  0.66KGRN KraneShares MSCI ChinaPairCorr
  0.89PFUT Putnam Sustainable FuturePairCorr
  0.69CVX Chevron CorpPairCorr
  0.75AA Alcoa CorpPairCorr
  0.85CSCO Cisco SystemsPairCorr
  0.84JPM JPMorgan ChasePairCorr
  0.88DIS Walt DisneyPairCorr
  0.88BAC Bank of AmericaPairCorr
  0.84IBM International Business Earnings Call This WeekPairCorr
  0.89GE GE Aerospace Earnings Call TomorrowPairCorr
  0.85BA BoeingPairCorr
  0.8PFE Pfizer IncPairCorr

Moving against IShares Etf

  0.44KO Coca Cola Earnings Call TomorrowPairCorr

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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