FlexShares Emerging Correlations

QLVE Etf

USD 30.14 0.66 2.14%

The current 90-days correlation between FlexShares Emerging and TrueShares Structured Outcome is 0.56 (i.e., Very weak diversification). The correlation of FlexShares Emerging 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 Emerging Correlation With Market

Very poor diversification

The correlation between FlexShares Emerging Markets and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FlexShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in FlexShares Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with FlexShares Etf

0.98	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.95	SFGRX	Seafarer Overseas	Pair Corr
0.97	DGS	WisdomTree Emerging	Pair Corr
0.96	XSOE	WisdomTree Emerging	Pair Corr
0.7	INR	Infinity Natural Res Earnings Call This Week	Pair Corr
0.78	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.94	VTV	Vanguard Value Index	Pair Corr
0.89	VO	Vanguard Mid Cap	Pair Corr
0.97	VEA	Vanguard FTSE Developed	Pair Corr
0.92	VB	Vanguard Small Cap	Pair Corr
0.88	ISMF	iShares Managed Futures	Pair Corr
0.94	FTAG	First Trust Indxx	Pair Corr
0.88	FDV	First Trust Capital	Pair Corr
0.93	RSPN	Invesco SP 500	Pair Corr
0.94	WIP	SPDR FTSE International	Pair Corr
0.94	AFIF	Anfield Universal Fixed	Pair Corr
0.61	UGA	United States Gasoline	Pair Corr
0.89	HEFT	ETF Opportunities Trust	Pair Corr
0.83	FSEC	Fidelity Investment Grade	Pair Corr
0.97	ITDC	iShares Trust	Pair Corr
0.92	EVSB	Morgan Stanley ETF	Pair Corr
0.82	BUYO	KraneShares Trust	Pair Corr
0.96	GLOF	iShares MSCI Global	Pair Corr
0.92	EVSD	Eaton Vance Short	Pair Corr
0.91	GMOC	GMO ETF Trust	Pair Corr
0.95	FLN	First Trust Latin	Pair Corr
0.94	DDXX	EA Series Trust	Pair Corr

Moving against FlexShares Etf

0.71	VUG	Vanguard Growth Index	Pair Corr
0.4	KOLD	ProShares UltraShort	Pair Corr

Related Correlations Analysis

	TIER	ADIV	VWID	WTRE	WEEL	ITDI	VRAI	RAUS	LCDS	OCTZ
TIER		0.91	0.97	0.93	0.84	0.98	0.86	0.69	0.71	0.39	TIER
ADIV	0.91		0.86	0.82	0.72	0.91	0.75	0.69	0.7	0.43	ADIV
VWID	0.97	0.86		0.86	0.74	0.92	0.9	0.57	0.61	0.22	VWID
WTRE	0.93	0.82	0.86		0.91	0.93	0.87	0.67	0.67	0.4	WTRE
WEEL	0.84	0.72	0.74	0.91		0.86	0.73	0.68	0.66	0.47	WEEL
ITDI	0.98	0.91	0.92	0.93	0.86		0.8	0.81	0.82	0.54	ITDI
VRAI	0.86	0.75	0.9	0.87	0.73	0.8		0.39	0.39	0.03	VRAI
RAUS	0.69	0.69	0.57	0.67	0.68	0.81	0.39		0.99	0.92	RAUS
LCDS	0.71	0.7	0.61	0.67	0.66	0.82	0.39	0.99		0.89	LCDS
OCTZ	0.39	0.43	0.22	0.4	0.47	0.54	0.03	0.92	0.89		OCTZ
	TIER	ADIV	VWID	WTRE	WEEL	ITDI	VRAI	RAUS	LCDS	OCTZ

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FlexShares Emerging Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Emerging 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 Emerging'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
TIER	0.64	0.09	0.08	0.11	1.00	(0.64)	1.19	(1.32)	5.93
ADIV	0.63	(0.04)	0.00	(0.07)	0.00	0.00	1.21	(1.37)	4.60
VWID	0.62	0.12	0.12	0.21	0.79	(0.62)	1.14	(1.44)	4.63
WTRE	1.01	0.11	0.08	0.13	1.31	(1.02)	2.13	(2.19)	5.43
WEEL	0.31	0.02	0.05	0.08	0.33	(0.37)	0.74	(0.69)	1.74
ITDI	0.55	0.03	0.04	0.04	0.77	(0.52)	0.92	(1.31)	4.36
VRAI	0.65	0.16	0.21	0.42	0.52	(0.75)	1.48	(1.14)	3.52
RAUS	0.52	0.00	0.00	0.00	0.73	(0.49)	0.79	(1.12)	3.46
LCDS	0.55	0.00	0.00	0.00	0.74	(0.53)	0.86	(1.11)	3.31
OCTZ	0.45	(0.01)	0.00	(0.02)	0.00	0.00	0.71	(0.98)	2.77

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