IShares Global Correlations

Etfs USA . 
Etf . iShares Global Infrastructure
IGF Etf  USD 58.33  0.68  1.15%   
The current 90-days correlation between iShares Global Infra and SPDR SP Global is 0.98 (i.e., Almost no 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

Poor diversification

The correlation between iShares Global Infrastructure and DJI is 0.65 (i.e., Poor 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 signals in price.

Moving together with IShares Etf

  0.93PAVE Global X Infrastructure Low VolatilityPairCorr
  0.99NFRA FlexShares STOXX GlobalPairCorr
  0.93IFRA iShares Infrastructure Low VolatilityPairCorr
  1.0GII SPDR SP GlobalPairCorr
  0.9TOLZ ProShares DJ BrookfieldPairCorr
  0.92SIMS SPDR SP KenshoPairCorr
  0.94INFR ClearBridge SustainablePairCorr
  0.64BLLD JPMorganPairCorr
  0.91XKII SPDR Kensho IntelligentPairCorr
  0.91UPRO ProShares UltraPro SP500PairCorr
  0.93QTJA Innovator ETFs TrustPairCorr
  0.93QTOC Innovator ETFs TrustPairCorr
  0.94XTOC Innovator ETFs TrustPairCorr
  0.94QTAP Innovator Growth 100PairCorr
  0.94XTJA Innovator ETFs TrustPairCorr
  0.94XTAP Innovator Equity AccPairCorr
  0.62EUSB iShares TrustPairCorr
  0.85VABS Virtus Newfleet ABSMBSPairCorr
  0.92BUFD FT Cboe VestPairCorr
  0.86KGRN KraneShares MSCI ChinaPairCorr
  0.9DIS Walt DisneyPairCorr
  0.94GE GE Aerospace Earnings Call This WeekPairCorr
  0.75WMT WalmartPairCorr
  0.85DD Dupont De NemoursPairCorr
  0.8AA Alcoa Corp Earnings Call TomorrowPairCorr
  0.79T ATT IncPairCorr
  0.81PFE Pfizer IncPairCorr
  0.9AXP American Express Earnings Call This WeekPairCorr
  0.84MMM 3M Company Earnings Call This WeekPairCorr
  0.88CAT Caterpillar Sell-off TrendPairCorr
  0.87IBM International BusinessPairCorr
  0.93BA Boeing Aggressive PushPairCorr

Moving against IShares Etf

  0.34MCD McDonaldsPairCorr

Related Correlations Analysis

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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.

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