IShares International Correlations

Etfs . USA . 
Etf . iShares International Developed
IFGL Etf  USD 20.69  0.10  0.49%   
The current 90-days correlation between iShares International and South Plains Financial is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares International Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares International Correlation With Market

Modest diversification

The correlation between iShares International Develope and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International Develope and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares International Developed. 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

  0.74REET iShares Global REITPairCorr
  0.82RWO SPDR Dow JonesPairCorr
  0.98HAUZ Xtrackers InternationalPairCorr
  0.98RWX SPDR Dow JonesPairCorr
  0.86AVRE Avantis Real EstatePairCorr
  0.92WTRE WisdomTree New EconomyPairCorr
  0.61PFFL ETRACS 2xMonthly PayPairCorr
  0.88YCL ProShares Ultra YenPairCorr
  0.87VIIX VIIXPairCorr
  0.92ULE ProShares Ultra EuroPairCorr
  0.89FXY Invesco CurrencySharesPairCorr
  0.77JNJ Johnson Johnson Sell-off TrendPairCorr
  0.91MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.85PFE Pfizer Inc Aggressive PushPairCorr

Moving against IShares Etf

  0.86TSJA TSJAPairCorr
  0.85DSJA DSJAPairCorr
  0.84BTC Grayscale Bitcoin MiniPairCorr
  0.74SIXD AIM ETF ProductsPairCorr
  0.73ETH Grayscale Ethereum MiniPairCorr
  0.33DRW DRWPairCorr
  0.82EOS Eaton Vance EnhancedPairCorr
  0.75TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.74WMT Walmart Aggressive PushPairCorr
  0.69AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.68AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.64T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.59HPQ HP IncPairCorr
  0.56INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.41XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.39CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.35HD Home DepotPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

IShares International Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares International 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 International'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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