IShares MSCI Correlations

EWUS Etf

USD 41.79 0.06 0.14%

The current 90-days correlation between iShares MSCI United and iShares MSCI France is 0.66 (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 United and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI United 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 United. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

0.62	BBCA	JPMorgan BetaBuilders	Pair Corr
0.62	EWU	iShares MSCI United	Pair Corr
0.65	EWA	iShares MSCI Australia Sell-off Trend	Pair Corr
0.87	EWG	iShares MSCI Germany	Pair Corr
0.71	EWQ	iShares MSCI France	Pair Corr
0.8	MDY	SPDR SP MIDCAP	Pair Corr
0.83	SLYG	SPDR SP 600	Pair Corr
0.72	SLYV	SPDR SP 600	Pair Corr
0.64	DFAX	Dimensional World	Pair Corr
0.77	EASG	Xtrackers MSCI EAFE	Pair Corr
0.65	SIL	Global X Silver	Pair Corr
0.77	DVXB	WEBs Defined Volatility	Pair Corr
0.67	ITDJ	iShares Trust	Pair Corr

Moving against IShares Etf

0.46

GRI

GRI Bio

Pair Corr

Related Correlations Analysis

	EWQ	EEMS	GVUS	HEWJ	EWN	DGRS	SIZE	JPME	QVMM	EIDO
EWQ		0.43	0.65	0.44	0.75	0.58	0.72	0.61	0.62	0.26	EWQ
EEMS	0.43		0.13	0.2	0.67	0.1	0.33	0.09	0.17	0.03	EEMS
GVUS	0.65	0.13		0.75	0.52	0.64	0.83	0.88	0.92	0.7	GVUS
HEWJ	0.44	0.2	0.75		0.25	0.11	0.39	0.4	0.49	0.88	HEWJ
EWN	0.75	0.67	0.52	0.25		0.59	0.76	0.53	0.61	0.06	EWN
DGRS	0.58	0.1	0.64	0.11	0.59		0.89	0.82	0.86	0.05	DGRS
SIZE	0.72	0.33	0.83	0.39	0.76	0.89		0.9	0.95	0.3	SIZE
JPME	0.61	0.09	0.88	0.4	0.53	0.82	0.9		0.96	0.39	JPME
QVMM	0.62	0.17	0.92	0.49	0.61	0.86	0.95	0.96		0.44	QVMM
EIDO	0.26	0.03	0.7	0.88	0.06	0.05	0.3	0.39	0.44		EIDO
	EWQ	EEMS	GVUS	HEWJ	EWN	DGRS	SIZE	JPME	QVMM	EIDO

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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
EWQ	0.69	(0.01)	(0.04)	0.05	0.76	(0.74)	1.63	(1.30)	3.22
EEMS	0.62	(0.05)	0.00	(0.02)	0.00	0.00	0.97	(1.07)	3.73
GVUS	0.54	0.01	0.00	0.08	0.63	(0.53)	1.08	(1.08)	2.89
HEWJ	0.82	0.08	0.06	0.16	1.05	(0.88)	1.97	(1.56)	8.35
EWN	0.76	(0.03)	(0.03)	0.04	1.07	(0.69)	1.43	(1.52)	4.64
DGRS	0.78	(0.07)	(0.06)	0.01	0.97	(0.88)	2.29	(1.69)	4.62
SIZE	0.63	(0.03)	(0.04)	0.04	0.79	(0.62)	1.39	(1.09)	3.30
JPME	0.59	(0.03)	(0.05)	0.04	0.77	(0.59)	1.28	(1.10)	3.53
QVMM	0.74	(0.03)	(0.02)	0.04	1.00	(0.72)	1.78	(1.57)	3.89
EIDO	0.72	0.04	(0.01)	0.18	0.72	(0.87)	1.92	(1.50)	4.53

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