IShares MSCI Correlations

EMGF Etf  USD 47.60  0.11  0.23%   
The current 90-days correlation between iShares MSCI Emerging and iShares Edge MSCI is 0.73 (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

Good diversification

The correlation between iShares MSCI Emerging and DJI is -0.07 (i.e., Good 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 price.

Moving together with IShares Etf

  0.99VWO Vanguard FTSE EmergingPairCorr
  0.99IEMG iShares Core MSCIPairCorr
  0.84EMC Global X FundsPairCorr
  0.99EEM iShares MSCI EmergingPairCorr
  0.99SPEM SPDR Portfolio EmergingPairCorr
  0.96FNDE Schwab FundamentalPairCorr
  0.97ESGE iShares ESG AwarePairCorr
  0.85SFGRX Seafarer OverseasPairCorr
  0.88DGS WisdomTree EmergingPairCorr
  0.96XSOE WisdomTree EmergingPairCorr
  0.77FXY Invesco CurrencySharesPairCorr
  0.73PMBS PIMCO Mortgage BackedPairCorr
  0.86GDXU MicroSectors Gold MinersPairCorr
  0.61KO Coca ColaPairCorr
  0.61VZ Verizon CommunicationsPairCorr

Moving against IShares Etf

  0.58WGMI Valkyrie Bitcoin MinersPairCorr
  0.41PFE Pfizer IncPairCorr
  0.34HPQ HP IncPairCorr
  0.45AXP American ExpressPairCorr
  0.45CAT CaterpillarPairCorr
  0.43DIS Walt DisneyPairCorr
  0.36MSFT Microsoft Aggressive PushPairCorr

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   
IQLTINTF
IQLTIMTM
IMTMINTF
LRGFSMLF
  
High negative correlations   
SMLFINTF
IQLTSMLF
IMTMSMLF
LRGFINTF
IQLTLRGF
LRGFIMTM

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.