IShares MSCI Correlations

EUFN Etf

USD 30.18 0.23 0.77%

The current 90-days correlation between iShares MSCI Europe and iShares MSCI Eurozone is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Europe moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Very poor diversification

The correlation between iShares MSCI Europe 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 Europe 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 Europe. 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

0.95	SCHY	Schwab International	Pair Corr
0.76	RNEM	First Trust Emerging	Pair Corr
0.77	SCHJ	Schwab 1 5	Pair Corr
0.71	EFAD	ProShares MSCI EAFE	Pair Corr
0.64	BBEU	JPMorgan BetaBuilders	Pair Corr

Moving against IShares Etf

0.38	WTMF	WisdomTree Managed	Pair Corr
0.34	ARKW	ARK Next Generation	Pair Corr

Related Correlations Analysis

	EZU	EWI	EWU	AAXJ	EWQ
EZU		0.97	0.94	0.64	0.94	EZU
EWI	0.97		0.93	0.53	0.86	EWI
EWU	0.94	0.93		0.7	0.91	EWU
AAXJ	0.64	0.53	0.7		0.81	AAXJ
EWQ	0.94	0.86	0.91	0.81		EWQ
	EZU	EWI	EWU	AAXJ	EWQ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
EZU	1.15	0.27	0.16	0.18	1.61	(1.13)	2.36	(1.83)	10.62
EWI	1.24	0.36	0.17	0.23	1.92	(1.26)	2.21	(1.87)	11.28
EWU	0.88	0.23	0.16	0.19	1.45	(0.94)	1.63	(1.77)	8.70
AAXJ	1.17	0.14	0.09	0.04	1.68	(1.16)	1.88	(2.31)	9.32
EWQ	1.13	0.18	0.12	0.09	1.56	(1.15)	2.23	(1.82)	9.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC