IShares Core Correlations

EIMI Etf

USD 43.64 0.68 1.53%

The correlation of IShares Core 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.

IShares Core Correlation With Market

Weak diversification

The correlation between iShares Core MSCI and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Core MSCI to buy it.

Moving together with IShares Etf

0.82	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.86	VUSA	Vanguard SP 500	Pair Corr
0.9	CSNKY	iShares VII PLC	Pair Corr
0.86	CSSPX	iShares Core SP	Pair Corr
0.87	LYJPN	Lyxor Japan UCITS	Pair Corr
0.94	IUSA	iShares SP 500	Pair Corr
0.87	MSE	Amundi EURO STOXX	Pair Corr
0.87	BATT	LG Battery Value	Pair Corr
0.77	GDIG	VanEck Global Mining	Pair Corr
0.73	ELCR	Amundi MSCI Future	Pair Corr
0.76	ITEK	HAN GINS Tech	Pair Corr
0.86	EMUUSD	UBSFund Solutions MSCI	Pair Corr
0.82	XEOU	Xtrackers MSCI Europe	Pair Corr
0.88	IFFF	iShares MSCI AC	Pair Corr
0.76	CSBGE3	iShares VII PLC	Pair Corr
0.88	VWRL	Vanguard FTSE All	Pair Corr
0.81	STUX	SPDR MSCI Europe	Pair Corr
0.89	ISWD	iShares MSCI World	Pair Corr
0.88	CSKR	iShares VII PLC	Pair Corr
0.73	BRIC	iShares BRIC 50	Pair Corr
0.92	EXCH	iShares MSCI EM	Pair Corr
0.75	VHYL	Vanguard FTSE All	Pair Corr
0.83	CSINDU	iShares VII PLC	Pair Corr
0.64	DTLC	iShares Treasury Bond	Pair Corr
0.95	HPAU	HSBC MSCI USA	Pair Corr
0.84	CTEK	Global X CleanTech	Pair Corr
0.9	CMES	iShares JP Morgan	Pair Corr
0.81	CBUS	UBSFund Solutions	Pair Corr

Moving against IShares Etf

0.58	MOON	Sygnum Platform Winners	Pair Corr
0.46	KEYS	21Shares Bitwise Select	Pair Corr
0.46	ABCH	21Shares Bitcoin Cash	Pair Corr
0.41	ABBA	21Shares Bitcoin Suisse	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.16	0.38	-0.75	0.75	-0.71	0.0	-0.44	-0.64	-0.59	META
MSFT	0.16		0.44	0.28	-0.36	0.37	0.19	0.14	0.11	0.16	MSFT
UBER	0.38	0.44		-0.16	0.22	-0.27	-0.08	0.25	-0.43	-0.09	UBER
F	-0.75	0.28	-0.16		-0.76	0.77	0.22	0.44	0.62	0.71	F
T	0.75	-0.36	0.22	-0.76		-0.91	-0.18	-0.36	-0.58	-0.52	T
A	-0.71	0.37	-0.27	0.77	-0.91		0.14	0.41	0.67	0.58	A
CRM	0.0	0.19	-0.08	0.22	-0.18	0.14		-0.22	-0.13	0.0	CRM
JPM	-0.44	0.14	0.25	0.44	-0.36	0.41	-0.22		0.05	0.64	JPM
MRK	-0.64	0.11	-0.43	0.62	-0.58	0.67	-0.13	0.05		0.41	MRK
XOM	-0.59	0.16	-0.09	0.71	-0.52	0.58	0.0	0.64	0.41		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

A	+ 0.77	F
T	+ 0.75	META
XOM	+ 0.71	F
MRK	+ 0.67	A
XOM	+ 0.64	JPM
MRK	+ 0.62	F

High negative correlations

A	- 0.91	T
T	- 0.76	F
F	- 0.75	META
A	- 0.71	META
MRK	- 0.64	META
XOM	- 0.59	META

IShares Core Competition Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
META	1.25	(0.40)	0.00	(0.42)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.82	(0.10)	0.00	(0.09)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.42	(0.07)	0.00	(0.05)	0.00	0.00	3.34	(2.71)	9.09
F	1.41	0.21	0.10	5.49	1.52	(1.62)	3.66	(2.07)	16.30
T	0.97	(0.17)	0.00	1.16	0.00	0.00	1.84	(2.32)	6.25
A	1.32	0.27	0.19	0.24	1.12	(1.49)	3.82	(2.15)	11.03
CRM	1.55	(0.01)	0.00	0.09	0.00	0.00	2.93	(3.61)	9.91
JPM	0.86	0.06	0.02	(1.63)	1.29	(0.79)	1.67	(1.91)	5.76
MRK	1.26	0.21	0.15	0.48	1.12	(1.60)	3.84	(2.36)	11.45
XOM	0.91	0.15	0.10	0.67	1.08	(0.89)	1.78	(1.93)	4.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Core without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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