IShares MSCI Correlations

EPU Etf

USD 74.27 1.56 2.15%

The current 90-days correlation between iShares MSCI Peru and Avantis Emerging Markets is 0.68 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI Peru and DJI is 0.56 (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 Peru 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 Peru. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

0.96	BBCA	JPMorgan BetaBuilders	Pair Corr
0.96	EWC	iShares MSCI Canada	Pair Corr
0.9	EWU	iShares MSCI United	Pair Corr
0.9	EWL	iShares MSCI Switzerland	Pair Corr
0.63	EWG	iShares MSCI Germany	Pair Corr
0.62	EWQ	iShares MSCI France	Pair Corr
0.89	EWW	iShares MSCI Mexico	Pair Corr
0.85	WSML	iShares MSCI World	Pair Corr
0.8	PULS	PGIM Ultra Short	Pair Corr
0.87	MDBX	Tradr 2X Long	Pair Corr
0.9	CPSR	Calamos SP 500	Pair Corr
0.65	AXP	American Express	Pair Corr
0.79	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.62	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.73	MRK	Merck Company	Pair Corr
0.8	JPM	JPMorgan Chase	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.64	MCD	McDonalds	Pair Corr

Moving against IShares Etf

0.76	JEM	707 Cayman Holdings	Pair Corr
0.7	KSA	iShares MSCI Saudi	Pair Corr
0.68	SWIN	Alps Symbol Change	Pair Corr
0.59	MPAY	Exchange Traded Concepts	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.57	T	ATT Inc	Pair Corr
0.47	HD	Home Depot	Pair Corr
0.31	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	AVXC	HEEM	EWZS	EDEN	FDEV	GHYG	FNK	TUR	SMLV	DFE
AVXC		0.97	0.13	0.54	0.75	0.65	0.43	0.55	0.54	0.5	AVXC
HEEM	0.97		0.14	0.58	0.76	0.71	0.52	0.61	0.61	0.56	HEEM
EWZS	0.13	0.14		-0.31	-0.13	-0.06	-0.15	-0.08	-0.08	-0.27	EWZS
EDEN	0.54	0.58	-0.31		0.83	0.84	0.86	0.53	0.79	0.9	EDEN
FDEV	0.75	0.76	-0.13	0.83		0.91	0.81	0.67	0.88	0.74	FDEV
GHYG	0.65	0.71	-0.06	0.84	0.91		0.89	0.72	0.9	0.84	GHYG
FNK	0.43	0.52	-0.15	0.86	0.81	0.89		0.64	0.95	0.86	FNK
TUR	0.55	0.61	-0.08	0.53	0.67	0.72	0.64		0.71	0.55	TUR
SMLV	0.54	0.61	-0.08	0.79	0.88	0.9	0.95	0.71		0.74	SMLV
DFE	0.5	0.56	-0.27	0.9	0.74	0.84	0.86	0.55	0.74		DFE
	AVXC	HEEM	EWZS	EDEN	FDEV	GHYG	FNK	TUR	SMLV	DFE

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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

HEEM	+ 0.97	AVXC
SMLV	+ 0.95	FNK
GHYG	+ 0.91	FDEV
DFE	+ 0.9	EDEN
SMLV	+ 0.9	GHYG
FNK	+ 0.89	GHYG

High negative correlations

EDEN	- 0.31	EWZS
DFE	- 0.27	EWZS
FNK	- 0.15	EWZS
FDEV	- 0.13	EWZS
SMLV	- 0.08	EWZS
TUR	- 0.08	EWZS

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
AVXC	0.68	0.10	0.08	0.19	0.80	(0.70)	1.71	(1.22)	4.65
HEEM	0.72	0.09	0.09	0.17	0.73	(0.88)	1.76	(1.05)	4.33
EWZS	1.22	(0.12)	0.00	(0.05)	0.00	0.00	2.36	(2.71)	11.14
EDEN	0.85	0.05	0.06	0.10	0.73	(1.04)	2.22	(1.45)	4.65
FDEV	0.46	0.05	0.04	0.14	0.42	(0.49)	1.07	(0.94)	2.16
GHYG	0.20	0.00	(0.20)	0.04	0.19	(0.22)	0.44	(0.33)	1.27
FNK	0.70	(0.03)	(0.03)	0.03	0.85	(0.81)	1.50	(1.35)	3.70
TUR	0.79	0.04	(0.01)	0.38	0.97	(0.79)	1.70	(1.57)	4.89
SMLV	0.63	(0.03)	(0.04)	0.02	0.78	(0.72)	1.57	(1.43)	3.60
DFE	0.55	0.01	(0.01)	0.08	0.63	(0.56)	1.12	(0.92)	2.88

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