FlexShares IBoxx Correlations

TDTT Etf

USD 24.22 0.19 0.78%

The current 90-days correlation between FlexShares iBoxx 3 and FlexShares iBoxx 5 Year is -0.1 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

FlexShares IBoxx Correlation With Market

Good diversification

The correlation between FlexShares iBoxx 3 Year and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShares iBoxx 3 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 3 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 estimate.

Moving together with FlexShares Etf

0.97	STIP	iShares 0 5	Pair Corr
0.99	TIPX	SPDR Bloomberg 1	Pair Corr
1.0	STPZ	PIMCO 1 5	Pair Corr
0.99	PBTP	Invesco PureBeta 0	Pair Corr
0.78	SHNY	Microsectors Gold Downward Rally	Pair Corr
0.84	IAU	iShares Gold Trust	Pair Corr
0.81	IDLV	Invesco SP International	Pair Corr
0.77	BND	Vanguard Total Bond	Pair Corr
0.85	IBTP	iShares iBonds Dec	Pair Corr
0.98	XTWO	Bondbloxx ETF Trust	Pair Corr
0.64	ZBIO	Zenas BioPharma, Common	Pair Corr
0.93	SLQD	iShares 0 5	Pair Corr
0.73	SCHY	Schwab International	Pair Corr
0.83	IAUM	iShares Gold Trust	Pair Corr
0.93	TYA	Simplify Exchange Traded	Pair Corr
0.98	IBIG	iShares Trust	Pair Corr
0.74	JAGG	JPMorgan BetaBuilders	Pair Corr
0.8	GBF	IShares GovernmentCredit	Pair Corr
0.73	RING	iShares MSCI Global	Pair Corr
0.63	VCIT	Vanguard Intermediate	Pair Corr

Moving against FlexShares Etf

0.75

ARKC

ARK 21Shares Active

Pair Corr

Related Correlations Analysis

	TDTF	TIPX	STPZ	TIPZ	STIP
TDTF		0.94	0.92	0.87	0.94	TDTF
TIPX	0.94		0.98	0.9	0.94	TIPX
STPZ	0.92	0.98		0.8	0.98	STPZ
TIPZ	0.87	0.9	0.8		0.74	TIPZ
STIP	0.94	0.94	0.98	0.74		STIP
	TDTF	TIPX	STPZ	TIPZ	STIP

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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
TDTF	0.25	0.04	0.48	(0.94)	0.23	(0.26)	0.52	(0.55)	1.87
TIPX	0.20	0.03	0.44	2.34	0.24	(0.21)	0.42	(0.42)	1.52
STPZ	0.15	0.03	0.62	(1.33)	0.10	(0.16)	0.34	(0.32)	1.23
TIPZ	0.29	0.03	0.33	0.52	0.42	(0.28)	0.54	(0.57)	2.46
STIP	0.11	0.03	1.12	(2.08)	0.00	(0.13)	0.25	(0.25)	0.95

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