IShares Europe Correlations
| DFEU Etf | 5.84 -0.12 -2.01% |
The current 90-days correlation between iShares Europe Defence and iShares Dow Jones is 0.43 (i.e., Very weak diversification).The statistical correlation between IShares Europe and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.
Correlation to Market: IShares Europe
Very weak diversification
Across the chosen horizon, DFEU and DJI show a correlation of 0.5 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
IShares |
The correlation view summarizes how IShares Europe aligns with comparable exposures. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.
Moving together with IShares Etf
| 0.78 | WMAT | SPDR MSCI World | PairCorr |
| 0.78 | WIND | SPDR MSCI World | PairCorr |
| 0.61 | DIA | SPDR Dow Jones | PairCorr |
| 0.82 | EMIM | iShares Core MSCI | PairCorr |
| 0.86 | VWRL | Vanguard FTSE All | PairCorr |
| 0.68 | CNYB | iShares China CNY | PairCorr |
| 0.78 | IMEU | iShares Core MSCI | PairCorr |
| 0.79 | IWRD | iShares MSCI World | PairCorr |
| 0.82 | IEMM | iShares MSCI EM | PairCorr |
| 0.77 | ISFA | iShares Core FTSE | PairCorr |
| 0.78 | QCLN | First Trust Nasdaq | PairCorr |
| 0.71 | DJMC | iShares EURO STOXX | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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IShares Europe Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Europe 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 Europe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EXCD | 0.95 | 0.22 | 0.15 | 0.56 | 1.33 | 1.95 | 8.33 | |||
| IEGZ | 0.24 | -0.01 | 0.03 | -0.16 | 0.38 | 0.48 | 1.55 | |||
| EMIM | 0.75 | 0.12 | 0.14 | 0.61 | 0.91 | 1.61 | 6.29 | |||
| IFRB | 0.17 | 0.00 | 0.06 | -0.05 | 0.29 | 0.36 | 1.10 | |||
| ISFA | 0.57 | 0.12 | 0.15 | 6.03 | 0.68 | 1.25 | 4.44 | |||
| STEC | 1.20 | 0.02 | 0.02 | -2.38 | 1.66 | 2.83 | 8.31 | |||
| SUOU | 0.16 | -0.01 | 0.00 | -0.31 | 0.00 | 0.46 | 0.93 | |||
| MPAB | 0.66 | 0.01 | 0.02 | 0.01 | 0.91 | 1.29 | 5.21 | |||
| IGSG | 0.51 | 0.02 | 0.05 | 0.11 | 0.67 | 1.07 | 3.34 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to iShares Europe Defence is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
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