FlexShares IBoxx Correlations

TDTF Etf

USD 24.14 0.03 0.12%

The current 90-days correlation between FlexShares iBoxx 5 and Vanguard Short Term Inflation Protected is -0.13 (i.e., Good diversification). The correlation of FlexShares IBoxx 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 IBoxx Correlation With Market

Modest diversification

The correlation between FlexShares iBoxx 5 Year and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares iBoxx 5 Year and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FlexShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in FlexShares iBoxx 5 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with FlexShares Etf

0.96	TIP	iShares TIPS Bond	Pair Corr
0.99	SPIP	SPDR Portfolio TIPS	Pair Corr
0.75	IVOL	Quadratic Interest Rate	Pair Corr
0.99	JCPI	JPMorgan Inflation	Pair Corr
0.81	LTPZ	PIMCO 15 Year	Pair Corr
0.97	DFIP	Dimensional ETF Trust	Pair Corr
0.99	TIPZ	PIMCO Broad TIPS	Pair Corr
0.96	TIPSX	DEUTSCHE GLOBAL INFLATION	Pair Corr
0.91	ARKW	ARK Next Generation	Pair Corr
0.92	WTMF	WisdomTree Managed	Pair Corr
0.88	EWC	iShares MSCI Canada Sell-off Trend	Pair Corr
0.93	BST	BlackRock Science Tech	Pair Corr
0.67	IRET	iREIT MarketVector	Pair Corr
0.88	SDIV	Global X SuperDividend	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.91	CAT	Caterpillar	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.64	MRK	Merck Company Aggressive Push	Pair Corr
0.89	GE	GE Aerospace	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.69	PFE	Pfizer Inc	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr

Moving against FlexShares Etf

0.74	PG	Procter Gamble	Pair Corr
0.42	KO	Coca Cola	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr
0.32	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	VTIP	TIP	PBTP	GTIP	IBIB	IBIC	IBIF	IBIG	IBID
VTIP		0.98	1.0	0.98	0.97	0.96	1.0	0.98	1.0	VTIP
TIP	0.98		0.98	1.0	0.94	0.92	0.98	0.96	0.96	TIP
PBTP	1.0	0.98		0.98	0.97	0.96	1.0	0.97	0.99	PBTP
GTIP	0.98	1.0	0.98		0.95	0.92	0.98	0.96	0.96	GTIP
IBIB	0.97	0.94	0.97	0.95		0.97	0.96	0.96	0.97	IBIB
IBIC	0.96	0.92	0.96	0.92	0.97		0.95	0.97	0.97	IBIC
IBIF	1.0	0.98	1.0	0.98	0.96	0.95		0.97	0.99	IBIF
IBIG	0.98	0.96	0.97	0.96	0.96	0.97	0.97		0.97	IBIG
IBID	1.0	0.96	0.99	0.96	0.97	0.97	0.99	0.97		IBID
	VTIP	TIP	PBTP	GTIP	IBIB	IBIC	IBIF	IBIG	IBID

FlexShares IBoxx Constituents Risk-Adjusted Indicators

There is a big difference between FlexShares Etf performing well and FlexShares IBoxx 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 IBoxx'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
VTIP	0.07	0.02	(0.56)	(1.35)	0.00	(0.09)	0.16	(0.14)	0.46
TIP	0.20	0.03	(0.20)	0.70	0.10	(0.23)	0.39	(0.38)	0.92
PBTP	0.08	0.02	(0.62)	(1.21)	0.00	(0.11)	0.19	(0.15)	0.54
GTIP	0.19	0.03	(0.21)	0.57	0.00	(0.21)	0.41	(0.34)	0.93
IBIB	0.03	0.00	(1.69)	0.27	0.00	(0.05)	0.08	(0.04)	0.12
IBIC	0.05	0.00	(0.83)	0.08	0.00	(0.07)	0.12	(0.08)	0.31
IBIF	0.11	0.03	(0.33)	(2.81)	0.00	(0.13)	0.27	(0.19)	0.65
IBIG	0.16	0.02	(0.20)	0.45	0.06	(0.17)	0.34	(0.31)	0.84
IBID	0.07	0.02	(0.68)	(0.81)	0.00	(0.09)	0.16	(0.12)	0.42

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