IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI ACWI
ACWX Etf  USD 56.98  0.45  0.78%   
The current 90-days correlation between iShares MSCI ACWI and iShares MSCI ACWI is 0.88 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI ACWI and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI ACWI 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 ACWI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

  0.99VEA Vanguard FTSE DevelopedPairCorr
  0.99IEFA iShares Core MSCIPairCorr
  1.0VEU Vanguard FTSE AllPairCorr
  0.99EFA iShares MSCI EAFEPairCorr
  1.0IXUS iShares Core MSCIPairCorr
  0.99SPDW SPDR SP WorldPairCorr
  0.99IDEV iShares Core MSCIPairCorr
  0.99ESGD iShares ESG AwarePairCorr
  0.99JIRE JP Morgan ExchangePairCorr
  0.99DFAX Dimensional WorldPairCorr
  0.93BABX GraniteShares 175x LongPairCorr
  0.95XPP ProShares Ultra FTSE Downward RallyPairCorr
  0.91GDXU MicroSectors Gold MinersPairCorr
  0.9JNUG Direxion Daily JuniorPairCorr
  0.93SHNY Microsectors GoldPairCorr
  0.7INTC IntelPairCorr
  0.73TRV The Travelers CompaniesPairCorr
  0.75MMM 3M CompanyPairCorr
  0.77GE GE AerospacePairCorr
  0.84IBM International BusinessPairCorr
  0.93T ATT Inc Earnings Call This WeekPairCorr
  0.8MCD McDonaldsPairCorr
  0.65CVX Chevron CorpPairCorr
  0.63PG Procter GamblePairCorr

Moving against IShares Etf

  0.42AXP American ExpressPairCorr
  0.37WTID UBS ETRACSPairCorr
  0.67MSFT MicrosoftPairCorr
  0.67MRK Merck CompanyPairCorr
  0.6AA Alcoa CorpPairCorr
  0.45DIS Walt DisneyPairCorr
  0.37BAC Bank of America Aggressive PushPairCorr

Related Correlations Analysis

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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   
CWI
+ 0.99
SCZ
CWI
+ 0.9
AAXJ
SCZ
+ 0.88
AAXJ
IWV
+ 0.83
ACWI
CWI
+ 0.34
ACWI
AAXJ
+ 0.33
ACWI
  
High negative correlations   
IWV
- 0.25
CWI
IWV
- 0.25
SCZ
IWV
- 0.2
AAXJ

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.

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