IShares Core Correlations

IEMG Etf

USD 54.28 0.06 0.11%

The current 90-days correlation between iShares Core MSCI and iShares International Developed is 0.6 (i.e., Poor diversification). The correlation of IShares Core 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.

IShares Core Correlation With Market

Weak diversification

The correlation between iShares Core MSCI and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Core MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with IShares Etf

0.98	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.97	EMC	Global X Funds	Pair Corr
1.0	EEM	iShares MSCI Emerging	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.67	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.78	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.71	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.71	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against IShares Etf

0.33

Procter Gamble

Pair Corr

Related Correlations Analysis

	IFGL	EEMV	FM	EEMA	DVYE
IFGL		0.52	-0.6	0.13	0.05	IFGL
EEMV	0.52		-0.14	0.9	0.86	EEMV
FM	-0.6	-0.14		0.12	0.2	FM
EEMA	0.13	0.9	0.12		0.98	EEMA
DVYE	0.05	0.86	0.2	0.98		DVYE
	IFGL	EEMV	FM	EEMA	DVYE

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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

DVYE	+ 0.98	EEMA
EEMA	+ 0.9	EEMV
DVYE	+ 0.86	EEMV
EEMV	+ 0.52	IFGL
DVYE	+ 0.2	FM
EEMA	+ 0.13	IFGL

High negative correlations

FM	- 0.6	IFGL
FM	- 0.14	EEMV

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
IFGL	0.70	(0.12)	0.00	(0.35)	0.00	0.00	1.25	(1.34)	4.29
EEMV	0.53	(0.03)	0.00	(0.05)	0.00	0.00	1.23	(1.09)	3.35
FM	0.15	0.00	(0.42)	0.18	0.19	(0.15)	0.29	(0.32)	0.80
EEMA	1.02	(0.03)	(0.06)	0.02	1.29	(1.07)	2.29	(2.60)	7.43
DVYE	0.94	0.01	(0.04)	0.11	1.18	(0.96)	2.07	(1.81)	7.34

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