IShares MSCI Correlations

AAXJ Etf

USD 75.23 0.03 0.04%

The current 90-days correlation between iShares MSCI All and iShares MSCI ACWI is 0.7 (i.e., Poor 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 All moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Average diversification

The correlation between iShares MSCI All and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI All and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IShares Etf

0.75	BBAX	JPMorgan BetaBuilders	Pair Corr
0.75	EPP	iShares MSCI Pacific	Pair Corr
0.82	AIA	iShares Asia 50	Pair Corr
0.94	GMF	SPDR SP Emerging	Pair Corr
1.0	FLAX	Franklin FTSE Asia	Pair Corr
0.65	DVYA	iShares AsiaPacific	Pair Corr
0.64	FPA	First Trust Asia	Pair Corr
0.97	MINV	Matthews Asia Innovators	Pair Corr
0.77	ADIV	SmartETFs Asia Pacific	Pair Corr
0.62	DUKH	Ocean Park High	Pair Corr
0.65	EMC	Global X Funds	Pair Corr
0.71	CQQQ	Invesco China Technology	Pair Corr
0.72	AIQ	Global X Artificial	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr

Moving against IShares Etf

0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.42	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	ACWI	ACWX	BKF	AIA	SCZ
ACWI		0.93	0.77	0.76	0.89	ACWI
ACWX	0.93		0.89	0.89	0.72	ACWX
BKF	0.77	0.89		0.88	0.63	BKF
AIA	0.76	0.89	0.88		0.55	AIA
SCZ	0.89	0.72	0.63	0.55		SCZ
	ACWI	ACWX	BKF	AIA	SCZ

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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
ACWI	0.56	0.01	0.01	0.03	0.81	(0.54)	1.14	(1.36)	3.68
ACWX	0.55	0.08	0.09	0.19	0.71	(0.58)	1.30	(1.10)	3.36
BKF	0.78	0.09	0.08	3.49	0.93	(0.86)	1.86	(2.15)	6.25
AIA	0.94	0.00	0.11	0.00	1.21	(0.96)	2.19	(2.65)	6.21
SCZ	0.57	0.06	0.08	0.13	0.62	(0.65)	1.36	(1.01)	3.86

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