IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI EAFE
EFA Etf  USD 83.66  0.52  0.62%   
The current 90-days correlation between iShares MSCI EAFE and iShares MSCI Emerging is 0.74 (i.e., 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.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI EAFE and DJI is 0.59 (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 EAFE 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 EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

  0.76VEA Vanguard FTSE DevelopedPairCorr
  1.0IEFA iShares Core MSCIPairCorr
  0.99VEU Vanguard FTSE AllPairCorr
  0.99IXUS iShares Core MSCIPairCorr
  0.91SPDW SPDR SP WorldPairCorr
  1.0IDEV iShares Core MSCIPairCorr
  1.0ESGD iShares ESG AwarePairCorr
  0.91JIRE JP Morgan ExchangePairCorr
  0.99DFAX Dimensional WorldPairCorr
  0.93BABX GraniteShares 175x LongPairCorr
  0.95XPP ProShares Ultra FTSEPairCorr
  0.9GDXU MicroSectors Gold MinersPairCorr
  0.89JNUG Direxion Daily JuniorPairCorr
  0.94SHNY Microsectors GoldPairCorr
  0.63TRV The Travelers CompaniesPairCorr
  0.61IBM International BusinessPairCorr
  0.73T ATT Inc Earnings Call This WeekPairCorr
  0.71MCD McDonaldsPairCorr
  0.67PG Procter GamblePairCorr

Moving against IShares Etf

  0.5AXP American Express Sell-off TrendPairCorr
  0.48AA Alcoa CorpPairCorr
  0.45MSFT MicrosoftPairCorr
  0.45BAC Bank of America Sell-off TrendPairCorr
  0.43MRK Merck CompanyPairCorr
  0.38DIS Walt DisneyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
EWJ
+ 0.92
EEM
AGG
+ 0.75
EEM
EWJ
+ 0.74
AGG
IWD
+ 0.54
IWM
IWD
+ 0.31
EEM
IWD
+ 0.28
EWJ
  
High negative correlations   
IWM
- 0.65
AGG
EWJ
- 0.48
IWM
IWM
- 0.45
EEM

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY