IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Emerging
EEM Etf  USD 44.78  0.20  0.45%   
The current 90-days correlation between iShares MSCI Emerging and iShares MSCI EAFE is 0.76 (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 Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI Emerging 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 Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with IShares Etf

  0.98VWO Vanguard FTSE EmergingPairCorr
  1.0IEMG iShares Core MSCIPairCorr
  0.74EMC Global X FundsPairCorr
  0.98SPEM SPDR Portfolio EmergingPairCorr
  0.98FNDE Schwab FundamentalPairCorr
  0.99ESGE iShares ESG AwarePairCorr
  0.97SFGRX Seafarer OverseasPairCorr
  0.72DGS WisdomTree EmergingPairCorr
  0.89XSOE WisdomTree EmergingPairCorr
  0.84FXY Invesco CurrencySharesPairCorr
  0.79PMBS PIMCO Mortgage BackedPairCorr
  0.63AMPD Tidal Trust IIPairCorr
  0.86GDXU MicroSectors Gold MinersPairCorr
  0.83KO Coca ColaPairCorr
  0.86T ATT Inc Earnings Call TodayPairCorr
  0.78MCD McDonaldsPairCorr
  0.66CSCO Cisco SystemsPairCorr
  0.62DD Dupont De NemoursPairCorr
  0.61TRV The Travelers CompaniesPairCorr
  0.8VZ Verizon CommunicationsPairCorr
  0.62XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.63MMM 3M CompanyPairCorr
  0.78INTC IntelPairCorr

Moving against IShares Etf

  0.59WGMI Valkyrie Bitcoin MinersPairCorr
  0.32HPQ HP IncPairCorr
  0.6MSFT MicrosoftPairCorr
  0.55CAT CaterpillarPairCorr
  0.45DIS Walt DisneyPairCorr
  0.43AXP American Express Sell-off TrendPairCorr

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   
FXI
+ 0.96
EFA
EWJ
+ 0.93
EFA
EWJ
+ 0.88
FXI
EWJ
+ 0.85
EWZ
EWZ
+ 0.83
EFA
EWZ
+ 0.75
FXI
  
High negative correlations   
IWM
- 0.71
FXI
IWM
- 0.59
EFA
EWJ
- 0.45
IWM
IWM
- 0.21
EWZ

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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