IShares MSCI Correlations

EWT Etf

USD 65.17 0.18 0.28%

The current 90-days correlation between iShares MSCI Taiwan and iShares MSCI South is 0.71 (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 Taiwan and DJI is 0.49 (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 Taiwan 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 Taiwan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.

Moving together with IShares Etf

0.76	KWEB	KraneShares CSI China	Pair Corr
0.83	FXI	iShares China Large	Pair Corr
0.78	ASHR	Xtrackers Harvest CSI	Pair Corr
0.75	GXC	SPDR SP China	Pair Corr
0.86	CQQQ	Invesco China Technology	Pair Corr
0.76	CXSE	WisdomTree China	Pair Corr
0.79	KBA	KraneShares Bosera MSCI	Pair Corr
0.69	CNYA	iShares MSCI China	Pair Corr
0.74	DHF	BNY Mellon High	Pair Corr
0.93	MAGS	Roundhill Magnificent	Pair Corr
0.75	ARP	Advisors Inner Circle	Pair Corr
0.68	ENTR	ERShares Entrepreneurs	Pair Corr
0.73	IGA	Voya Global Advantage	Pair Corr
0.87	SEMI	Columbia Seligman	Pair Corr
0.93	GTEK	Goldman Sachs Future	Pair Corr
0.9	SLVP	iShares MSCI Global Low Volatility	Pair Corr
0.96	TQQQ	ProShares UltraPro QQQ	Pair Corr
0.65	RYLD	Global X Russell	Pair Corr
0.69	PSTR	PeakShares Sector	Pair Corr
0.87	CLIX	ProShares Long Onlin	Pair Corr
0.74	NLR	VanEck UraniumNuclear	Pair Corr
0.69	CPNS	Calamos ETF Trust	Pair Corr
0.73	AGQ	ProShares Ultra Silver	Pair Corr
0.82	GOVT	iShares Treasury Bond Low Volatility	Pair Corr
0.94	ACWI	iShares MSCI ACWI	Pair Corr
0.77	PPLT	abrdn Physical Platinum	Pair Corr
0.74	GLD	SPDR Gold Shares Aggressive Push	Pair Corr
0.83	SILJ	Amplify Junior Silver	Pair Corr
0.83	UTHY	US Treasury 30	Pair Corr
0.62	CNXT	VanEck ChiNext ETF	Pair Corr
0.83	XLC	Communication Services	Pair Corr
0.72	SPY	SPDR SP 500	Pair Corr
0.82	RORO	ATAC Rotation ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.19	0.09	-0.03	0.65	-0.31	-0.48	-0.03	-0.39	-0.2	META
MSFT	0.19		-0.13	-0.14	-0.46	0.03	-0.29	0.01	-0.11	-0.27	MSFT
UBER	0.09	-0.13		0.81	0.11	0.57	-0.46	0.73	0.37	0.64	UBER
F	-0.03	-0.14	0.81		0.05	0.71	-0.46	0.66	0.61	0.61	F
T	0.65	-0.46	0.11	0.05		-0.38	-0.1	-0.02	-0.25	0.03	T
A	-0.31	0.03	0.57	0.71	-0.38		-0.36	0.65	0.72	0.57	A
CRM	-0.48	-0.29	-0.46	-0.46	-0.1	-0.36		-0.28	-0.17	-0.05	CRM
JPM	-0.03	0.01	0.73	0.66	-0.02	0.65	-0.28		0.22	0.82	JPM
MRK	-0.39	-0.11	0.37	0.61	-0.25	0.72	-0.17	0.22		0.27	MRK
XOM	-0.2	-0.27	0.64	0.61	0.03	0.57	-0.05	0.82	0.27		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

XOM	+ 0.82	JPM
F	+ 0.81	UBER
JPM	+ 0.73	UBER
MRK	+ 0.72	A
A	+ 0.71	F
JPM	+ 0.66	F

High negative correlations

CRM	- 0.48	META
CRM	- 0.46	F
CRM	- 0.46	UBER
T	- 0.46	MSFT
MRK	- 0.39	META
A	- 0.38	T

IShares MSCI Competition 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
META	1.29	(0.01)	(0.01)	0.04	1.47	(1.46)	2.18	(2.32)	15.10
MSFT	0.76	(0.01)	(0.03)	0.03	0.95	(0.76)	1.86	(1.64)	6.50
UBER	1.40	0.00	(0.01)	0.05	1.95	(1.33)	3.62	(3.30)	8.86
F	1.12	0.03	0.02	0.07	1.51	(1.19)	2.98	(1.83)	9.82
T	0.84	(0.03)	0.00	0.69	0.00	0.00	1.82	(2.30)	6.47
A	1.47	0.26	0.20	0.21	1.11	(1.69)	3.82	(2.15)	10.46
CRM	1.47	(0.11)	0.00	(0.07)	0.00	0.00	2.76	(3.33)	8.74
JPM	0.82	0.02	0.02	0.07	1.14	(0.81)	1.69	(1.91)	4.93
MRK	1.27	0.01	0.00	0.06	1.37	(1.45)	2.91	(2.36)	9.11
XOM	0.91	(0.04)	0.00	(0.02)	0.00	0.00	1.72	(2.42)	4.70

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