Correlation Between FlexShares STOXX and Themes Infrastructure
Can any of the company-specific risk be diversified away by investing in both FlexShares STOXX and Themes Infrastructure at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining FlexShares STOXX and Themes Infrastructure into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between FlexShares STOXX Global and Themes Infrastructure ETF, you can compare the effects of market volatilities on FlexShares STOXX and Themes Infrastructure and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in FlexShares STOXX with a short position of Themes Infrastructure. Check out your portfolio center. Please also check ongoing floating volatility patterns of FlexShares STOXX and Themes Infrastructure.
Diversification Opportunities for FlexShares STOXX and Themes Infrastructure
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FlexShares and Themes is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares STOXX Global and Themes Infrastructure ETF in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Themes Infrastructure ETF and FlexShares STOXX is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on FlexShares STOXX Global are associated (or correlated) with Themes Infrastructure. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Themes Infrastructure ETF has no effect on the direction of FlexShares STOXX i.e., FlexShares STOXX and Themes Infrastructure go up and down completely randomly.
Pair Corralation between FlexShares STOXX and Themes Infrastructure
If you would invest 6,105 in FlexShares STOXX Global on May 31, 2025 and sell it today you would earn a total of 178.00 from holding FlexShares STOXX Global or generate 2.92% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
FlexShares STOXX Global vs. Themes Infrastructure ETF
Performance |
| Timeline |
| FlexShares STOXX Global |
| Themes Infrastructure ETF |
Risk-Adjusted Performance
Solid
Weak | Strong |
FlexShares STOXX and Themes Infrastructure Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FlexShares STOXX and Themes Infrastructure
The main advantage of trading using opposite FlexShares STOXX and Themes Infrastructure positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FlexShares STOXX position performs unexpectedly, Themes Infrastructure can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Themes Infrastructure will offset losses from the drop in Themes Infrastructure's long position.| FlexShares STOXX vs. ProShares DJ Brookfield | FlexShares STOXX vs. iShares Global Infrastructure | FlexShares STOXX vs. SPDR SP Global | FlexShares STOXX vs. iShares Infrastructure ETF |
| Themes Infrastructure vs. Heartland Express | Themes Infrastructure vs. Integra LifeSciences Holdings | Themes Infrastructure vs. ICU Medical | Themes Infrastructure vs. Safety Insurance Group |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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