IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Finland
EFNL Etf  USD 33.75  0.13  0.39%   
The current 90-days correlation between iShares MSCI Finland and iShares MSCI Hong is 0.59 (i.e., Very weak 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 Finland moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Average diversification

The correlation between iShares MSCI Finland and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Finland 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 Finland. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with IShares Etf

  0.91EWU iShares MSCI UnitedPairCorr
  0.91EWY iShares MSCI SouthPairCorr
  0.95EWL iShares MSCI SwitzerlandPairCorr
  0.82EWG iShares MSCI GermanyPairCorr
  0.62KSA iShares MSCI SaudiPairCorr
  0.98EWQ iShares MSCI FrancePairCorr
  0.86EWW iShares MSCI MexicoPairCorr
  0.73JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.85PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.85KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Moving against IShares Etf

  0.86ARKW ARK Next GenerationPairCorr
  0.84DIS Walt DisneyPairCorr
  0.81WTMF WisdomTree ManagedPairCorr
  0.66IAUF ISharesPairCorr
  0.59BBCA JPMorgan BetaBuildersPairCorr
  0.56EWC iShares MSCI CanadaPairCorr
  0.55BST BlackRock Science TechPairCorr
  0.44OIH VanEck Oil ServicesPairCorr
  0.89BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.88JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.77CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.77TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.72AXP American Express Sell-off TrendPairCorr
  0.4HPQ HP IncPairCorr
  0.39HD Home DepotPairCorr

Related Correlations Analysis

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