IShares MSCI Correlations

SCJ Etf

USD 86.26 0.20 0.23%

The current 90-days correlation between iShares MSCI Japan and iShares MSCI Israel is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Japan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI Japan 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 MSCI Japan and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares MSCI Japan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

0.83	EWJ	iShares MSCI Japan	Pair Corr
0.76	BBJP	JPMorgan BetaBuilders Low Volatility	Pair Corr
0.77	DXJ	WisdomTree Japan Hedged	Pair Corr
0.88	FLJP	Franklin FTSE Japan	Pair Corr
0.85	HEWJ	iShares Currency Hedged	Pair Corr
0.98	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.66	EWJV	iShares MSCI Japan	Pair Corr
0.87	JPXN	iShares JPX Nikkei	Pair Corr
0.79	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.91	USD	ProShares Ultra Semi	Pair Corr
0.92	DFEN	Direxion Daily Aerospace	Pair Corr
0.92	FNGO	MicroSectors FANG Index	Pair Corr
0.88	DUSL	Direxion Daily Indus	Pair Corr
0.91	UPRO	ProShares UltraPro SP500	Pair Corr
0.68	DIG	ProShares Ultra Oil	Pair Corr
0.69	GRW	TCW Compounders ETF	Pair Corr
0.89	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.9	IBM	International Business	Pair Corr
0.76	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.85	AXP	American Express	Pair Corr
0.92	CSCO	Cisco Systems	Pair Corr
0.74	MMM	3M Company Sell-off Trend	Pair Corr
0.63	INTC	Intel Earnings Call Today	Pair Corr

Moving against IShares Etf

0.55	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.73	MCD	McDonalds	Pair Corr
0.42	KO	Coca Cola	Pair Corr
0.33	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DFJ	ECNS	EIS	TOK
DFJ		0.89	0.88	0.87	DFJ
ECNS	0.89		0.92	0.91	ECNS
EIS	0.88	0.92		0.92	EIS
TOK	0.87	0.91	0.92		TOK
	DFJ	ECNS	EIS	TOK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DFJ	0.68	0.11	(0.05)	0.67	0.55	(0.76)	1.69	(0.98)	3.94
ECNS	0.96	0.33	0.20	0.72	0.67	(1.12)	2.43	(2.00)	7.46
EIS	1.03	0.20	0.15	0.41	0.79	(1.18)	2.69	(1.76)	8.13
TOK	0.55	0.29	0.06	(1.44)	0.32	(0.65)	1.51	(0.82)	4.02

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC