IShares MSCI Correlations

EFA Etf

USD 96.50 0.51 0.53%

The current 90-days correlation between iShares MSCI EAFE and iShares Russell 2000 is 0.76 (i.e., Poor 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 poor diversification

The correlation between iShares MSCI EAFE and DJI is 0.8 (i.e., Very poor 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.

Build AI portfolio with IShares Etf

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 price.

Moving together with IShares Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
1.0	IEFA	iShares Core MSCI	Pair Corr
0.97	VEU	Vanguard FTSE All	Pair Corr
0.98	IXUS	iShares Core MSCI	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.98	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
1.0	JIRE	JP Morgan Exchange	Pair Corr
0.96	DFAX	Dimensional World	Pair Corr
0.64	KORU	Direxion Daily South	Pair Corr
0.69	MUU	Direxion Daily MU	Pair Corr
0.69	MULL	GraniteShares 2x Long	Pair Corr
0.62	AGQ	ProShares Ultra Silver	Pair Corr
0.7	IYJ	iShares Industrials ETF	Pair Corr
0.64	AXP	American Express	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.65	IBM	International Business	Pair Corr

Moving against IShares Etf

0.48

Procter Gamble

Pair Corr

Related Correlations Analysis

	IWM	IWD	IVW	IXUS	VLCAX	SCHD	VV	VWNAX	VTWAX	RSP
IWM		0.76	0.69	0.71	0.73	0.45	0.73	0.8	0.78	0.86	IWM
IWD	0.76		0.72	0.82	0.85	0.72	0.84	0.99	0.87	0.8	IWD
IVW	0.69	0.72		0.84	0.97	0.19	0.97	0.77	0.94	0.55	IVW
IXUS	0.71	0.82	0.84		0.9	0.38	0.91	0.83	0.96	0.69	IXUS
VLCAX	0.73	0.85	0.97	0.9		0.34	1.0	0.88	0.98	0.64	VLCAX
SCHD	0.45	0.72	0.19	0.38	0.34		0.34	0.7	0.4	0.73	SCHD
VV	0.73	0.84	0.97	0.91	1.0	0.34		0.87	0.98	0.63	VV
VWNAX	0.8	0.99	0.77	0.83	0.88	0.7	0.87		0.89	0.81	VWNAX
VTWAX	0.78	0.87	0.94	0.96	0.98	0.4	0.98	0.89		0.72	VTWAX
RSP	0.86	0.8	0.55	0.69	0.64	0.73	0.63	0.81	0.72		RSP
	IWM	IWD	IVW	IXUS	VLCAX	SCHD	VV	VWNAX	VTWAX	RSP

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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
IWM	0.99	(0.01)	0.01	0.06	1.24	(0.97)	2.18	(1.99)	5.60
IWD	0.53	0.00	(0.02)	0.07	0.62	(0.57)	1.07	(1.06)	2.93
IVW	0.73	(0.02)	(0.02)	0.04	1.07	(0.69)	1.57	(1.76)	4.50
IXUS	0.54	(0.01)	(0.03)	0.06	0.72	(0.53)	1.02	(1.26)	3.06
VLCAX	0.55	(0.01)	(0.02)	0.06	0.81	(0.54)	1.25	(1.20)	3.28
SCHD	0.54	(0.02)	(0.07)	0.03	0.59	(0.61)	1.43	(0.97)	2.67
VV	0.57	(0.01)	(0.02)	0.06	0.84	(0.54)	1.24	(1.22)	3.32
VWNAX	0.53	0.01	0.01	0.08	0.65	(0.55)	1.29	(1.02)	3.12
VTWAX	0.54	(0.01)	(0.02)	0.05	0.80	(0.51)	1.07	(1.28)	3.15
RSP	0.57	(0.04)	(0.05)	0.03	0.76	(0.55)	1.00	(1.13)	3.25

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