IShares MSCI Correlations

EWT Etf

USD 54.01 0.02 0.04%

The current 90-days correlation between iShares MSCI Taiwan and iShares MSCI South is 0.87 (i.e., Very 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 Taiwan and DJI is 0.76 (i.e., Poor 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 housing.

Moving together with IShares Etf

0.74	KWEB	KraneShares CSI China	Pair Corr
0.71	FXI	iShares China Large	Pair Corr
0.82	ASHR	Xtrackers Harvest CSI Sell-off Trend	Pair Corr
0.72	GXC	SPDR SP China	Pair Corr
0.73	CQQQ	Invesco China Technology	Pair Corr
0.75	CXSE	WisdomTree China	Pair Corr
0.71	EWH	iShares MSCI Hong	Pair Corr
0.81	KBA	KraneShares Bosera MSCI	Pair Corr
0.81	CNYA	iShares MSCI China	Pair Corr
0.66	ITWO	Proshares Russell 2000	Pair Corr
0.76	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.64	IDEC	Innovator ETFs Trust	Pair Corr
0.69	SPDW	SPDR SP World	Pair Corr
0.66	IEFA	iShares Core MSCI	Pair Corr
0.67	VEA	Vanguard FTSE Developed	Pair Corr
0.61	AVNV	American Century ETF	Pair Corr
0.78	XCNY	SPDR SP Emerging	Pair Corr
0.74	EURL	Direxion Daily FTSE	Pair Corr
0.75	CORO	iShares International	Pair Corr
0.7	IQLT	iShares MSCI Intl	Pair Corr
0.62	AQWA	Global X Clean	Pair Corr

Moving against IShares Etf

0.79	BTAL	AGFiQ Market Neutral	Pair Corr
0.49	IBTI	iShares iBonds Dec	Pair Corr
0.35	GLD	SPDR Gold Shares	Pair Corr
0.34	FGDL	Franklin Responsibly	Pair Corr

Related Correlations Analysis

	EWY	EWH	EWS	EWM	EWA
EWY		0.69	0.83	0.85	0.83	EWY
EWH	0.69		0.8	0.62	0.51	EWH
EWS	0.83	0.8		0.86	0.83	EWS
EWM	0.85	0.62	0.86		0.93	EWM
EWA	0.83	0.51	0.83	0.93		EWA
	EWY	EWH	EWS	EWM	EWA

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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
EWY	1.34	0.15	0.09	0.13	1.73	(1.31)	3.06	(3.01)	11.65
EWH	1.09	0.22	0.14	0.33	1.53	(1.19)	2.44	(1.97)	9.88
EWS	1.11	0.21	0.10	0.18	1.75	(1.13)	2.12	(2.69)	13.18
EWM	1.03	0.08	0.07	0.10	1.31	(1.09)	1.98	(2.34)	6.93
EWA	1.16	0.08	0.04	0.02	1.86	(1.31)	2.13	(2.02)	11.57

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