IShares MSCI Correlations

SMLF Etf

USD 72.62 0.13 0.18%

The current 90-days correlation between iShares MSCI USA and iShares Edge MSCI is 0.68 (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.

IShares MSCI Correlation With Market

Very poor diversification

The correlation between iShares MSCI USA and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI USA 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 USA. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with IShares Etf

0.96	VB	Vanguard Small Cap	Pair Corr
0.91	IJR	iShares Core SP Sell-off Trend	Pair Corr
0.87	IWM	iShares Russell 2000	Pair Corr
0.87	VRTIX	Vanguard Russell 2000	Pair Corr
0.87	VTWO	Vanguard Russell 2000	Pair Corr
0.93	SPSM	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.93	VIOO	Vanguard SP Small	Pair Corr
0.98	PRFZ	Invesco FTSE RAFI	Pair Corr
0.63	YFYA	Listed Funds Trust	Pair Corr
0.69	RVNU	Xtrackers Municipal	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.69	GE	GE Aerospace	Pair Corr

Moving against IShares Etf

0.82	VIXY	ProShares VIX Short	Pair Corr
0.42	VZ	Verizon Communications Aggressive Push	Pair Corr
0.39	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	IVLU	FNCL	MDYV	INTF	FELV	PRFZ	IWX	ESML	FESM	FLJP
IVLU		-0.22	-0.14	0.93	0.81	0.35	0.83	0.17	0.59	0.88	IVLU
FNCL	-0.22		0.71	-0.24	-0.03	0.28	-0.2	0.1	-0.05	-0.28	FNCL
MDYV	-0.14	0.71		0.0	0.22	0.68	0.05	0.47	0.34	-0.05	MDYV
INTF	0.93	-0.24	0.0		0.88	0.56	0.9	0.38	0.76	0.91	INTF
FELV	0.81	-0.03	0.22	0.88		0.76	0.98	0.57	0.91	0.84	FELV
PRFZ	0.35	0.28	0.68	0.56	0.76		0.68	0.78	0.9	0.54	PRFZ
IWX	0.83	-0.2	0.05	0.9	0.98	0.68		0.52	0.89	0.85	IWX
ESML	0.17	0.1	0.47	0.38	0.57	0.78	0.52		0.73	0.34	ESML
FESM	0.59	-0.05	0.34	0.76	0.91	0.9	0.89	0.73		0.75	FESM
FLJP	0.88	-0.28	-0.05	0.91	0.84	0.54	0.85	0.34	0.75		FLJP
	IVLU	FNCL	MDYV	INTF	FELV	PRFZ	IWX	ESML	FESM	FLJP

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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

IWX	+ 0.98	FELV
INTF	+ 0.93	IVLU
FLJP	+ 0.91	INTF
FESM	+ 0.91	FELV
IWX	+ 0.9	INTF
FESM	+ 0.9	PRFZ

High negative correlations

FLJP	- 0.28	FNCL
INTF	- 0.24	FNCL
FNCL	- 0.22	IVLU
IWX	- 0.2	FNCL
MDYV	- 0.14	IVLU
FLJP	- 0.05	MDYV

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
IVLU	0.52	0.03	0.01	0.10	0.56	(0.56)	1.06	(0.86)	3.51
FNCL	0.63	(0.08)	(0.08)	(0.01)	0.96	(0.61)	1.27	(1.59)	5.07
MDYV	0.67	(0.07)	(0.07)	0.00	0.87	(0.71)	1.41	(1.13)	6.15
INTF	0.52	0.00	(0.02)	0.07	0.66	(0.53)	1.02	(1.04)	3.41
FELV	0.48	0.00	(0.02)	0.06	0.57	(0.49)	1.05	(0.85)	3.79
PRFZ	0.84	(0.05)	(0.02)	0.03	1.04	(0.87)	2.12	(1.57)	7.07
IWX	0.42	0.01	0.00	0.08	0.44	(0.44)	0.93	(0.69)	3.20
ESML	0.79	(0.05)	(0.02)	0.03	0.98	(0.81)	1.75	(1.53)	6.39
FESM	0.87	(0.01)	0.02	0.06	1.05	(0.87)	2.08	(1.42)	7.42
FLJP	0.69	0.00	(0.01)	0.07	0.87	(0.75)	1.59	(1.33)	5.77

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