IShares Global Correlations

MXI Etf

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The current 90-days correlation between iShares Global Materials and iShares Global Industrials is 0.72 (i.e., Poor 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 Materials and DJI is 0.47 (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 Materials and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares Global Materials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with IShares Etf

0.82	XLB	Materials Select Sector Sell-off Trend	Pair Corr
0.85	MOO	VanEck Agribusiness ETF	Pair Corr
0.78	FXZ	First Trust Materials	Pair Corr
0.77	IYM	iShares Basic Materials	Pair Corr
0.77	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.65	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.63	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against IShares Etf

0.54	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.51	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.42	DIS	Walt Disney Aggressive Push	Pair Corr
0.37	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	EXI	JXI	KXI	RXI	IXG
EXI		0.4	-0.45	0.89	0.75	EXI
JXI	0.4		0.37	0.22	0.03	JXI
KXI	-0.45	0.37		-0.64	-0.75	KXI
RXI	0.89	0.22	-0.64		0.84	RXI
IXG	0.75	0.03	-0.75	0.84		IXG
	EXI	JXI	KXI	RXI	IXG

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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

RXI	+ 0.89	EXI
IXG	+ 0.84	RXI
IXG	+ 0.75	EXI
JXI	+ 0.4	EXI
KXI	+ 0.37	JXI
RXI	+ 0.22	JXI

High negative correlations

IXG	- 0.75	KXI
RXI	- 0.64	KXI
KXI	- 0.45	EXI

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
EXI	0.63	(0.03)	(0.05)	0.09	0.69	(0.68)	1.51	(1.22)	3.60
JXI	0.64	0.06	(0.05)	0.67	0.84	(0.65)	1.28	(1.58)	3.82
KXI	0.47	(0.04)	0.00	(0.29)	0.00	0.00	0.78	(0.99)	2.87
RXI	0.77	0.06	0.04	0.21	0.64	(0.91)	1.95	(1.24)	4.29
IXG	0.62	0.02	0.02	0.15	0.45	(0.71)	1.40	(1.08)	4.05

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