Monday, October 12, 2009

Diversify From The US Dollar: Correlation Among All Foreign Stock ETFs On The Market

We ran the correlation among all foreign ETFs on the market using our correlation tool (Pro). SPY is also added.

If it clear that SPY is correlated with almost all these ETFs. So, buyng SPY and these ETFs is not a good idea. However, some of the foreign ETFs are not to highly correlated among themselves. For example, IPF (Intl.Finance) and ECH (Chile) have low correlation; PJO (FTSE Japan) and ECH are not correlated at all. Chile, a great place to invest anyway, is a good bet for diversification. Chile is the only other country in the region which is investment grade besides Brazil, and it was so before Brazil. We track all latin-american ADRs here.

(kindly click to view)

For better diversification, investors can also try the currency ETFs instead ( (live tracking). See their correlations here.

For your convenience, you can view the description of the foreign ETFs below.

(click to enlarge)

Again, please note that you may receive technical analysis and alerts of any of these ETFs, sent automatically to you, by entering the symbols in INO's Technical Trend Analysis Tool.

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