IShares MSCI Correlations

CNYA Etf

USD 29.38 0.11 0.37%

The current 90-days correlation between iShares MSCI China and iShares MSCI China is -0.13 (i.e., Good 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

Good diversification

The correlation between iShares MSCI China and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI China 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 China. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

0.94	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.89	FXI	iShares China Large Aggressive Push	Pair Corr
1.0	ASHR	Xtrackers Harvest CSI	Pair Corr
0.97	GXC	SPDR SP China	Pair Corr
0.98	CQQQ	Invesco China Technology	Pair Corr
0.97	CXSE	WisdomTree China	Pair Corr
0.88	EWH	iShares MSCI Hong	Pair Corr
0.98	KBA	KraneShares Bosera MSCI	Pair Corr
0.74	CAPD	Barclays Capital	Pair Corr
0.7	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.72	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against IShares Etf

0.5	GREI	Goldman Sachs Future	Pair Corr
0.45	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.4	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	ECNS	KBA	CXSE	MCHI	CHIQ
ECNS		0.91	0.91	0.89	0.9	ECNS
KBA	0.91		0.99	0.99	0.98	KBA
CXSE	0.91	0.99		0.99	0.99	CXSE
MCHI	0.89	0.99	0.99		0.99	MCHI
CHIQ	0.9	0.98	0.99	0.99		CHIQ
	ECNS	KBA	CXSE	MCHI	CHIQ

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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
ECNS	2.40	0.47	0.08	(0.43)	3.12	(2.70)	7.14	(4.68)	21.72
KBA	2.04	0.32	0.05	(0.75)	2.66	(2.32)	6.51	(4.90)	19.75
CXSE	2.27	0.38	0.08	(2.03)	2.66	(2.48)	7.22	(4.81)	20.12
MCHI	2.07	0.34	0.07	(3.34)	2.59	(2.20)	6.61	(4.52)	19.77
CHIQ	2.38	0.40	0.09	15.19	2.83	(2.71)	5.93	(4.21)	22.16

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