FlexShares Quality Correlations

The correlation of FlexShares Quality 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.

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0.63

CAT

Caterpillar

Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE
DHDG		0.18	-0.31	0.84	0.09	-0.05	0.7	0.71	-0.45	DHDG
MBCC	0.18		0.65	0.41	0.78	0.72	0.55	0.53	0.59	MBCC
DHLX	-0.31	0.65		0.02	0.76	0.55	0.13	0.24	0.88	DHLX
DIHP	0.84	0.41	0.02		0.32	0.15	0.77	0.9	-0.13	DIHP
MCDS	0.09	0.78	0.76	0.32		0.54	0.4	0.48	0.71	MCDS
MCHS	-0.05	0.72	0.55	0.15	0.54		0.61	0.4	0.43	MCHS
DINT	0.7	0.55	0.13	0.77	0.4	0.61		0.83	-0.07	DINT
DISV	0.71	0.53	0.24	0.9	0.48	0.4	0.83		0.13	DISV
DIVE	-0.45	0.59	0.88	-0.13	0.71	0.43	-0.07	0.13		DIVE
	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE

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

DISV	+ 0.9	DIHP
DIVE	+ 0.88	DHLX
DIHP	+ 0.84	DHDG
DISV	+ 0.83	DINT
MCDS	+ 0.78	MBCC
DINT	+ 0.77	DIHP

High negative correlations

DIVE	- 0.45	DHDG
DHLX	- 0.31	DHDG
DIVE	- 0.13	DIHP
DIVE	- 0.07	DINT
MCHS	- 0.05	DHDG

FlexShares Quality Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares Quality 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 Quality'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
DHDG	0.22	0.02	(0.03)	0.12	0.18	(0.25)	0.73	(0.57)	1.64
MBCC	0.54	(0.06)	0.00	(0.02)	0.00	0.00	0.90	(1.25)	2.75
DHLX	0.61	(0.07)	0.00	(0.07)	0.00	0.00	1.03	(1.38)	2.41
DIHP	0.56	0.02	0.00	0.08	0.63	(0.58)	1.01	(1.06)	2.70
MCDS	0.61	(0.04)	(0.05)	0.01	0.79	(0.63)	1.35	(1.28)	4.09
MCHS	0.91	(0.12)	0.00	(0.10)	0.00	0.00	2.01	(2.15)	7.05
DINT	0.76	0.00	0.00	0.06	1.13	(0.71)	1.36	(1.95)	4.48
DISV	0.62	0.02	0.01	0.08	0.66	(0.69)	1.16	(1.28)	3.05
DIVE	0.58	(0.05)	(0.06)	(0.01)	0.92	(0.57)	1.33	(1.24)	4.47

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