IShares Asia Correlations

Etfs . Switzerland . 
Etf . iShares Asia Property
IASP Etf  USD 25.02  0.19  0.77%   
The current 90-days correlation between iShares Asia Property and iShares MSCI Korea is 0.13 (i.e., Average diversification). The correlation of IShares Asia 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 Asia Correlation With Market

Poor diversification

The correlation between iShares Asia Property and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Asia Property and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IShares Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Asia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Asia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Asia Property to buy it.

Moving together with IShares Etf

  0.92JPNJPA UBSFund Solutions MSCIPairCorr
  0.95JPNUKD UBSFund Solutions MSCIPairCorr
  0.92HKDU UBSFund Solutions MSCIPairCorr
  0.94PEHH Invesco FTSE RAFIPairCorr
  0.92AFLT Amundi Index SolutionsPairCorr
  0.93IJPN iShares MSCI JapanPairCorr
  0.65IWDC iShares MSCI WorldPairCorr
  0.94HMXJ HSBC MSCI PacificPairCorr
  0.83FUSD Fidelity Quality IncomePairCorr
  0.96OIH VanEck Oil ServicesPairCorr
  0.84IAT1 Invesco AT1 CapitalPairCorr
  0.92HMJP HSBC MSCI JAPANPairCorr
  0.92JPSA JPM USD UltraPairCorr
  0.81LYMEU Lyxor MSCI EuropePairCorr
  0.67IEGC iShares Core GovtPairCorr
  0.86PEF Invesco FTSE RAFIPairCorr
  0.83HIWO HSBC MSCI WorldPairCorr
  0.91XMKO Xtrackers MSCI KoreaPairCorr
  0.93TDIV VanEck MorningstarPairCorr
  0.97EMLB PIMCO Emerging MarketsPairCorr
  0.87ESGEMD UBSFund SolutionsPairCorr
  0.95HIEM HSBC MSCI EmergingPairCorr
  0.69EUNE iShares Core EUROPairCorr
  0.76GDXJ VanEck Junior GoldPairCorr
  0.66LYLVD MULTI UNITS LUXEMBOURGPairCorr
  0.73RS2U Amundi Index SolutionsPairCorr
  0.8ESGO AuAg Gold MiningPairCorr
  0.9MLPD Invesco MorningstarPairCorr
  0.94HTWN HSBC MSCI TaiwanPairCorr
  0.96IH2O iShares Global WaterPairCorr
  0.81DJMC iShares EURO STOXXPairCorr
  0.84AGGU iShares Core GlobalPairCorr
  0.97IEMS iShares MSCI EMPairCorr

Moving against IShares Etf

  0.64IHYU iShares High YieldPairCorr

Related Correlations Analysis


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

IKOR
+ 0.96
CSUKX
IKOR
+ 0.95
SEMI
CSUKX
+ 0.94
SEMI
IWDC
+ 0.85
SEMI
IWDC
+ 0.78
CSUKX
IKOR
+ 0.7
IWDC
  

High negative correlations

IKOR
- 0.88
IGEA
SEMI
- 0.85
IGEA
CSUKX
- 0.82
IGEA
IWDC
- 0.58
IGEA
IUHC
- 0.29
IGEA
30ID
- 0.08
IGEA

IShares Asia Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Asia 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 Asia'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Asia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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