FlexShares Global Correlations

GQRE Etf

USD 60.67 0.09 0.15%

The current 90-days correlation between FlexShares Global Quality and Invesco Exchange Traded is 0.6 (i.e., Poor diversification). The correlation of FlexShares 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.

FlexShares Global Correlation With Market

Significant diversification

The correlation between FlexShares Global Quality and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Global Quality and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FlexShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in FlexShares Global Quality. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with FlexShares Etf

0.81	REET	iShares Global REIT	Pair Corr
0.8	HAUZ	Xtrackers International	Pair Corr
0.63	RWX	SPDR Dow Jones	Pair Corr
0.62	AVRE	Avantis Real Estate	Pair Corr
0.7	IFGL	iShares International	Pair Corr

Related Correlations Analysis

	QVMM	SMOT	URTY	JPME	PDN	GVUS	JPUS	AIVL	EWD	CWEB
QVMM		0.37	0.57	0.61	0.7	0.71	0.89	0.3	0.53	0.61	QVMM
SMOT	0.37		0.18	0.76	0.31	-0.03	0.36	0.74	0.19	0.23	SMOT
URTY	0.57	0.18		0.54	0.78	0.73	0.63	0.37	0.77	0.66	URTY
JPME	0.61	0.76	0.54		0.65	0.34	0.67	0.75	0.44	0.61	JPME
PDN	0.7	0.31	0.78	0.65		0.73	0.76	0.38	0.85	0.76	PDN
GVUS	0.71	-0.03	0.73	0.34	0.73		0.75	0.21	0.82	0.48	GVUS
JPUS	0.89	0.36	0.63	0.67	0.76	0.75		0.52	0.65	0.72	JPUS
AIVL	0.3	0.74	0.37	0.75	0.38	0.21	0.52		0.4	0.37	AIVL
EWD	0.53	0.19	0.77	0.44	0.85	0.82	0.65	0.4		0.48	EWD
CWEB	0.61	0.23	0.66	0.61	0.76	0.48	0.72	0.37	0.48		CWEB
	QVMM	SMOT	URTY	JPME	PDN	GVUS	JPUS	AIVL	EWD	CWEB

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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

JPUS	+ 0.89	QVMM
EWD	+ 0.85	PDN
EWD	+ 0.82	GVUS
PDN	+ 0.78	URTY
EWD	+ 0.77	URTY
JPME	+ 0.76	SMOT

High negative correlations

GVUS

- 0.03

SMOT

FlexShares Global Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares 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 FlexShares 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
QVMM	0.68	0.05	(0.04)	(0.33)	0.80	(0.71)	1.47	(1.15)	5.50
SMOT	0.66	(0.10)	0.00	(0.02)	0.00	0.00	1.24	(1.21)	5.36
URTY	2.71	(0.25)	0.00	0.02	3.49	(2.73)	5.71	(5.36)	20.71
JPME	0.54	(0.07)	(0.11)	0.00	0.66	(0.62)	1.22	(1.04)	4.52
PDN	0.53	(0.02)	(0.06)	0.05	0.63	(0.57)	1.11	(0.99)	3.93
GVUS	0.45	0.09	0.01	(0.57)	0.47	(0.49)	1.04	(0.69)	3.68
JPUS	0.46	0.05	(0.06)	(0.82)	0.45	(0.52)	1.01	(0.82)	3.16
AIVL	0.47	(0.07)	0.00	(0.01)	0.00	0.00	1.00	(0.87)	3.69
EWD	0.67	0.00	(0.01)	0.08	0.76	(0.69)	1.24	(1.42)	4.27
CWEB	2.56	(0.10)	0.00	0.04	3.70	(2.58)	4.78	(4.72)	19.94

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