IShares MSCI Correlations

EWQ Etf

USD 44.40 1.24 2.87%

The current 90-days correlation between iShares MSCI France and iShares MSCI Spain is 0.72 (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

Poor diversification

The correlation between iShares MSCI France and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI France 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 France. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

0.95	BBCA	JPMorgan BetaBuilders	Pair Corr
0.94	EWC	iShares MSCI Canada	Pair Corr
0.95	EWU	iShares MSCI United	Pair Corr
0.85	EWY	iShares MSCI South	Pair Corr
0.93	EWA	iShares MSCI Australia	Pair Corr
0.94	EWL	iShares MSCI Switzerland	Pair Corr
0.98	EWG	iShares MSCI Germany	Pair Corr
0.9	EWW	iShares MSCI Mexico	Pair Corr
0.86	NFLX	Netflix	Pair Corr
0.96	VTI	Vanguard Total Stock	Pair Corr
0.9	DUKH	Ocean Park High	Pair Corr
0.69	DBJP	Xtrackers MSCI Japan	Pair Corr
0.82	GRW	TCW Compounders ETF	Pair Corr
0.91	AXP	American Express	Pair Corr
0.93	BAC	Bank of America Aggressive Push	Pair Corr
0.73	INTC	Intel Earnings Call Today	Pair Corr
0.86	IBM	International Business	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.94	BA	Boeing Earnings Call This Week	Pair Corr
0.88	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.85	PFE	Pfizer Inc	Pair Corr

Moving against IShares Etf

0.93	FNGD	MicroSectors FANG Index	Pair Corr
0.69	HUM	Humana Inc Earnings Call This Week	Pair Corr
0.49	KSA	iShares MSCI Saudi	Pair Corr
0.52	KO	Coca Cola	Pair Corr
0.4	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EWI	EWN	EWP	EWK	EWL
EWI		0.97	0.97	0.92	0.93	EWI
EWN	0.97		0.94	0.92	0.89	EWN
EWP	0.97	0.94		0.93	0.92	EWP
EWK	0.92	0.92	0.93		0.91	EWK
EWL	0.93	0.89	0.92	0.91		EWL
	EWI	EWN	EWP	EWK	EWL

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
EWI	0.73	0.17	0.08	0.53	0.56	(0.87)	1.72	(1.30)	4.10
EWN	0.67	0.11	0.05	0.37	0.43	(0.79)	2.13	(0.98)	5.24
EWP	0.81	0.14	0.02	0.54	0.86	(0.90)	1.53	(1.63)	5.13
EWK	0.56	0.19	(0.04)	(2.85)	0.44	(0.62)	1.39	(1.08)	3.43
EWL	0.68	0.05	(0.08)	0.31	0.59	(0.77)	1.61	(1.05)	3.90

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

2025 Macroaxis LLC