IShares Global Correlations

IGF Etf

USD 61.68 0.35 0.57%

The current 90-days correlation between iShares Global Infra and iShares SP Mid Cap is 0.58 (i.e., Very weak 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 weak diversification

The correlation between iShares Global Infrastructure and DJI is 0.51 (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 Infrastructure 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 Infrastructure. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with IShares Etf

1.0	GII	SPDR SP Global	Pair Corr
0.81	TOLZ	ProShares DJ Brookfield	Pair Corr
0.85	INFR	ClearBridge Sustainable	Pair Corr
0.76	VTV	Vanguard Value Index	Pair Corr
0.76	JEPI	JPMorgan Equity Premium	Pair Corr

Moving against IShares Etf

0.46	IRE	Tidal Trust II Trending	Pair Corr
0.36	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	IJJ	IJK	VLUE	IOO	IJS	IBB	IJT	MCHI	DBEF	PRF
IJJ		0.95	0.9	0.65	0.98	0.64	0.94	-0.32	0.85	0.94	IJJ
IJK	0.95		0.89	0.72	0.94	0.54	0.93	-0.08	0.88	0.92	IJK
VLUE	0.9	0.89		0.86	0.92	0.79	0.77	-0.31	0.96	0.98	VLUE
IOO	0.65	0.72	0.86		0.72	0.76	0.55	-0.11	0.82	0.85	IOO
IJS	0.98	0.94	0.92	0.72		0.64	0.94	-0.26	0.87	0.96	IJS
IBB	0.64	0.54	0.79	0.76	0.64		0.45	-0.55	0.68	0.79	IBB
IJT	0.94	0.93	0.77	0.55	0.94	0.45		-0.16	0.72	0.84	IJT
MCHI	-0.32	-0.08	-0.31	-0.11	-0.26	-0.55	-0.16		-0.13	-0.29	MCHI
DBEF	0.85	0.88	0.96	0.82	0.87	0.68	0.72	-0.13		0.93	DBEF
PRF	0.94	0.92	0.98	0.85	0.96	0.79	0.84	-0.29	0.93		PRF
	IJJ	IJK	VLUE	IOO	IJS	IBB	IJT	MCHI	DBEF	PRF

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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

IJS	+ 0.98	IJJ
PRF	+ 0.98	VLUE
DBEF	+ 0.96	VLUE
PRF	+ 0.96	IJS
IJK	+ 0.95	IJJ
IJT	+ 0.94	IJJ

High negative correlations

MCHI	- 0.55	IBB
MCHI	- 0.32	IJJ
MCHI	- 0.31	VLUE
PRF	- 0.29	MCHI
MCHI	- 0.26	IJS
MCHI	- 0.16	IJT

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
IJJ	0.74	0.08	0.08	0.17	0.70	(0.80)	1.85	(1.27)	3.89
IJK	0.83	0.04	0.04	0.11	0.81	(0.87)	1.79	(1.51)	4.42
VLUE	0.79	0.18	0.18	0.26	0.67	(0.92)	1.84	(1.46)	3.95
IOO	0.58	0.08	0.06	0.19	0.61	(0.59)	1.55	(1.32)	3.66
IJS	0.91	0.12	0.11	0.18	0.79	(1.01)	2.31	(1.73)	4.60
IBB	0.92	0.17	0.15	0.32	0.76	(1.05)	2.33	(1.35)	5.02
IJT	0.83	0.04	0.04	0.11	0.89	(0.87)	1.66	(1.47)	4.62
MCHI	0.87	0.00	(0.04)	0.07	0.90	(0.97)	1.72	(1.47)	4.94
DBEF	0.45	0.09	0.09	0.22	0.34	(0.52)	1.07	(1.02)	2.40
PRF	0.56	0.08	0.10	0.19	0.42	(0.64)	1.25	(0.91)	2.50

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