IShares MSCI Correlations

ACWX Etf

USD 55.57 0.12 0.22%

The current 90-days correlation between iShares MSCI ACWI and iShares MSCI ACWI is 0.82 (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 0.41 (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

0.89	VEA	Vanguard FTSE Developed	Pair Corr
0.86	IEFA	iShares Core MSCI Sell-off Trend	Pair Corr
0.89	VEU	Vanguard FTSE All	Pair Corr
0.86	EFA	iShares MSCI EAFE Sell-off Trend	Pair Corr
0.89	IXUS	iShares Core MSCI	Pair Corr
0.89	SPDW	SPDR SP World Sell-off Trend	Pair Corr
0.89	IDEV	iShares Core MSCI	Pair Corr
0.86	ESGD	iShares ESG Aware	Pair Corr
0.85	JIRE	JP Morgan Exchange	Pair Corr
0.9	DFAX	Dimensional World	Pair Corr
0.8	BND	Vanguard Total Bond	Pair Corr
0.86	VTV	Vanguard Value Index	Pair Corr
0.61	VO	Vanguard Mid Cap	Pair Corr
0.63	DBEF	Xtrackers MSCI EAFE	Pair Corr
0.76	CQQQ	Invesco China Technology	Pair Corr
0.76	T	ATT Inc Downward Rally	Pair Corr
0.72	IBM	International Business	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.85	VZ	Verizon Communications	Pair Corr
0.67	GE	GE Aerospace	Pair Corr
0.74	KO	Coca Cola	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.78	INTC	Intel	Pair Corr

Moving against IShares Etf

0.56	MRK	Merck Company Aggressive Push	Pair Corr
0.4	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	ACWI	AAXJ	SCZ	CWI	IWV
ACWI		0.76	0.8	0.85	0.8	ACWI
AAXJ	0.76		0.81	0.84	0.53	AAXJ
SCZ	0.8	0.81		0.94	0.64	SCZ
CWI	0.85	0.84	0.94		0.54	CWI
IWV	0.8	0.53	0.64	0.54		IWV
	ACWI	AAXJ	SCZ	CWI	IWV

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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	0.57	0.03	0.00	(0.04)	0.00	0.00	1.04	(1.36)	3.68
AAXJ	0.75	0.03	0.08	0.03	1.11	(0.66)	1.29	(2.01)	4.49
SCZ	0.59	0.03	0.18	(0.26)	0.66	(0.66)	1.36	(1.03)	3.86
CWI	0.56	0.09	0.17	0.16	0.77	(0.56)	1.27	(1.20)	3.75
IWV	0.66	(0.06)	0.00	0.28	0.00	0.00	1.07	(1.60)	3.91

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