IShares MSCI Correlations

EFAV Etf

USD 78.26 0.30 0.38%

The current 90-days correlation between iShares MSCI EAFE and iShares MSCI Emerging is 0.51 (i.e., Very weak 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

Significant diversification

The correlation between iShares MSCI EAFE and DJI is 0.03 (i.e., Significant 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 nation.

Moving together with IShares Etf

0.73	VEA	Vanguard FTSE Developed	Pair Corr
0.97	IEFA	iShares Core MSCI	Pair Corr
0.95	VEU	Vanguard FTSE All	Pair Corr
0.76	EFA	iShares MSCI EAFE	Pair Corr
0.93	IXUS	iShares Core MSCI	Pair Corr
0.95	SPDW	SPDR SP World	Pair Corr
0.95	IDEV	iShares Core MSCI	Pair Corr
0.97	ESGD	iShares ESG Aware	Pair Corr
0.96	JIRE	JP Morgan Exchange	Pair Corr
0.95	DFAX	Dimensional World	Pair Corr
0.86	GDXU	MicroSectors Gold Miners	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.72	MCD	McDonalds	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.82	VZ	Verizon Communications	Pair Corr

Moving against IShares Etf

0.53	XTOC	Innovator ETFs Trust	Pair Corr
0.51	UPRO	ProShares UltraPro SP500	Pair Corr
0.5	QTJA	Innovator ETFs Trust	Pair Corr
0.5	XTJA	Innovator ETFs Trust	Pair Corr
0.48	QTOC	Innovator ETFs Trust	Pair Corr
0.64	AXP	American Express	Pair Corr
0.58	BAC	Bank of America	Pair Corr
0.56	CAT	Caterpillar	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.49	HD	Home Depot	Pair Corr
0.48	DIS	Walt Disney	Pair Corr
0.4	BA	Boeing	Pair Corr
0.32	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	EEMV	USMV	ACWV	IEFA	SCZ
EEMV		0.57	0.49	0.46	0.57	EEMV
USMV	0.57		0.94	0.86	0.84	USMV
ACWV	0.49	0.94		0.96	0.95	ACWV
IEFA	0.46	0.86	0.96		0.98	IEFA
SCZ	0.57	0.84	0.95	0.98		SCZ
	EEMV	USMV	ACWV	IEFA	SCZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
EEMV	0.38	0.00	0.14	0.01	0.45	(0.47)	0.70	(1.05)	2.38
USMV	0.53	0.05	0.19	2.18	0.55	(0.60)	1.06	(1.06)	2.76
ACWV	0.44	0.07	0.24	9.29	0.42	(0.47)	0.99	(0.75)	2.10
IEFA	0.67	0.16	0.27	6.42	0.60	(0.75)	1.30	(1.07)	4.68
SCZ	0.66	0.11	0.24	4.62	0.61	(0.81)	1.62	(1.01)	4.55

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