IShares MSCI Correlations

EFA Etf

USD 77.24 0.21 0.27%

The current 90-days correlation between iShares MSCI EAFE and Freedom Day Dividend is 0.56 (i.e., Very weak diversification). The correlation of IShares MSCI 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.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI EAFE and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares MSCI EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

0.99	VEA	Vanguard FTSE Developed	Pair Corr
1.0	IEFA	iShares Core MSCI	Pair Corr
0.86	VEU	Vanguard FTSE All	Pair Corr
0.86	IXUS	iShares Core MSCI	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.99	IDEV	iShares Core MSCI	Pair Corr
1.0	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.85	DFAX	Dimensional World	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.77	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.87	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against IShares Etf

0.79	MEME	Roundhill Investments	Pair Corr
0.76	RSPY	Tuttle Capital Management	Pair Corr
0.7	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.67	WMT	Walmart Aggressive Push	Pair Corr
0.66	DSJA	DSJA	Pair Corr
0.5	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.69	DIS	Walt Disney Aggressive Push	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.46	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.36	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC
MBOX		0.46	0.43	0.5	0.69	0.34	0.79	0.83	0.19	MBOX
DINT	0.46		0.98	0.65	0.7	0.17	0.74	0.81	0.1	DINT
MCHI	0.43	0.98		0.6	0.61	0.17	0.68	0.76	0.1	MCHI
DIVS	0.5	0.65	0.6		0.49	-0.15	0.49	0.68	0.66	DIVS
DIVZ	0.69	0.7	0.61	0.49		0.23	0.96	0.86	-0.16	DIVZ
FM	0.34	0.17	0.17	-0.15	0.23		0.33	0.35	-0.12	FM
PY	0.79	0.74	0.68	0.49	0.96	0.33		0.92	-0.15	PY
VT	0.83	0.81	0.76	0.68	0.86	0.35	0.92		0.18	VT
XC	0.19	0.1	0.1	0.66	-0.16	-0.12	-0.15	0.18		XC
	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC

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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

MCHI	+ 0.98	DINT
PY	+ 0.96	DIVZ
VT	+ 0.92	PY
VT	+ 0.86	DIVZ
VT	+ 0.83	MBOX
VT	+ 0.81	DINT

High negative correlations

XC	- 0.16	DIVZ
XC	- 0.15	PY
FM	- 0.15	DIVS
XC	- 0.12	FM

IShares MSCI Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares MSCI 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 MSCI'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
MBOX	0.59	(0.04)	(0.06)	0.04	0.64	(0.70)	1.25	(1.29)	3.59
DINT	1.24	0.14	0.06	0.34	1.69	(1.28)	3.13	(2.15)	10.90
MCHI	1.92	0.21	0.05	0.73	2.58	(2.09)	5.40	(3.25)	19.77
DIVS	0.47	(0.05)	(0.14)	0.00	0.57	(0.50)	1.07	(1.10)	2.41
DIVZ	0.46	0.03	0.00	0.14	0.27	(0.58)	1.12	(0.68)	2.35
FM	0.15	0.00	(0.42)	0.18	0.19	(0.15)	0.29	(0.32)	0.80
PY	0.54	0.02	0.02	0.11	0.43	(0.63)	1.18	(0.96)	3.91
VT	0.57	(0.02)	(0.06)	0.06	0.67	(0.62)	1.24	(1.03)	3.42
XC	0.70	(0.12)	0.00	(0.15)	0.00	0.00	1.69	(1.25)	4.20

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