IShares MSCI Correlations

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The current 90-days correlation between iShares MSCI World and Dimensional ETF Trust is -0.14 (i.e., Good 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 World moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Very poor diversification

The correlation between iShares MSCI World and DJI is 0.83 (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 World and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in iShares MSCI World. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with IShares OTC BB Equity

0.99	BUFF	Innovator Laddered	Pair Corr
0.95	AIVI	WisdomTree International	Pair Corr
0.96	SOCL	Global X Social	Pair Corr
0.96	DUSA	Davis Select Equity	Pair Corr
0.68	GENT	Spinnaker ETF Series	Pair Corr
0.88	LUX	Tema ETF Trust	Pair Corr
0.97	WTRE	WisdomTree New Economy	Pair Corr
0.69	FIG	Simplify Asset Management	Pair Corr
0.98	VXUS	Vanguard Total Inter	Pair Corr
0.99	FDLO	Fidelity Low Volatility	Pair Corr
0.97	IBLC	iShares Blockchain and	Pair Corr
0.98	HYG	iShares iBoxx High Sell-off Trend	Pair Corr
0.96	IGHG	ProShares Investment	Pair Corr
0.9	KBWY	Invesco KBW Premium	Pair Corr
0.99	DNOV	FT Cboe Vest	Pair Corr
0.96	INKM	SPDR SSgA Income	Pair Corr
0.98	EGGY	Tidal Trust III	Pair Corr
0.89	BKIE	BNY Mellon International	Pair Corr
0.89	SUSB	iShares ESG 1	Pair Corr
0.97	WEBL	Direxion Daily Dow	Pair Corr
0.98	IXUS	iShares Core MSCI	Pair Corr
0.96	BILS	SPDR Series Trust	Pair Corr
0.99	IWO	iShares Russell 2000	Pair Corr
0.99	CPSD	Calamos ETF Trust	Pair Corr
0.92	NLR	VanEck UraniumNuclear	Pair Corr
0.8	YETH	Roundhill Ether Covered Low Volatility	Pair Corr
0.97	FEUZ	First Trust Eurozone	Pair Corr
0.99	SUPP	TCW Transform Supply	Pair Corr
0.99	OPTZ	Optimize Strategy Index	Pair Corr
0.63	PAWZ	ProShares Pet Care	Pair Corr
0.91	NBCE	Neuberger Berman ETF	Pair Corr
0.98	NOCT	Innovator Growth 100	Pair Corr
0.99	DFEB	FT Cboe Vest	Pair Corr
0.89	IDVZ	Opal International	Pair Corr
0.94	EFV	iShares MSCI EAFE Low Volatility	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.8	0.78	0.53	0.91	0.15	0.92	0.21	0.52	META
MSFT	0.97		0.83	0.83	0.49	0.85	0.15	0.95	0.24	0.51	MSFT
UBER	0.8	0.83		0.88	0.37	0.76	0.46	0.84	0.18	0.45	UBER
F	0.78	0.83	0.88		0.36	0.8	0.15	0.89	0.43	0.69	F
T	0.53	0.49	0.37	0.36		0.55	0.09	0.46	0.27	0.19	T
A	0.91	0.85	0.76	0.8	0.55		0.12	0.85	0.37	0.64	A
CRM	0.15	0.15	0.46	0.15	0.09	0.12		0.06	-0.38	-0.23	CRM
JPM	0.92	0.95	0.84	0.89	0.46	0.85	0.06		0.34	0.6	JPM
MRK	0.21	0.24	0.18	0.43	0.27	0.37	-0.38	0.34		0.54	MRK
XOM	0.52	0.51	0.45	0.69	0.19	0.64	-0.23	0.6	0.54		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.92	META
A	+ 0.91	META
JPM	+ 0.89	F
F	+ 0.88	UBER

High negative correlations

MRK	- 0.38	CRM
XOM	- 0.23	CRM

IShares MSCI Competition Risk-Adjusted Indicators

There is a big difference between IShares OTC BB Equity performing well and IShares MSCI Company 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
META	1.43	0.30	0.31	0.47	0.58	(1.75)	3.99	(1.93)	10.48
MSFT	0.82	0.37	0.50	0.77	0.00	(1.04)	2.33	(0.94)	8.85
UBER	1.56	0.10	0.07	0.33	1.35	(1.96)	4.19	(2.02)	10.87
F	1.28	0.08	0.03	0.33	1.38	(1.40)	2.69	(2.33)	7.46
T	0.97	0.04	(0.10)	0.41	1.16	(1.06)	2.35	(2.23)	5.71
A	1.50	(0.13)	0.03	0.16	1.75	(1.58)	2.82	(2.89)	14.01
CRM	1.30	0.25	(0.06)	(0.23)	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.87	0.17	0.16	0.41	0.47	(1.01)	2.25	(1.31)	6.03
MRK	1.39	(0.13)	(0.04)	0.12	1.85	(1.35)	2.90	(3.31)	10.58
XOM	1.09	0.02	(0.09)	0.32	1.37	(1.06)	2.18	(2.58)	6.28

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