IShares MSCI Correlations

EQLT Etf

USD 23.75 1.23 4.92%

The current 90-days correlation between iShares MSCI Emerging and JPMorgan Fundamental Data is 0.3 (i.e., 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

Good diversification

The correlation between iShares MSCI Emerging and DJI is -0.01 (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 bureau of economic analysis.

Moving together with IShares Etf

0.7	VWO	Vanguard FTSE Emerging	Pair Corr
0.92	IEMG	iShares Core MSCI	Pair Corr
0.76	EMC	Global X Funds	Pair Corr
0.92	EEM	iShares MSCI Emerging	Pair Corr
0.92	SPEM	SPDR Portfolio Emerging	Pair Corr
0.9	FNDE	Schwab Fundamental	Pair Corr
0.93	ESGE	iShares ESG Aware	Pair Corr
0.74	SFGRX	Seafarer Overseas	Pair Corr
0.81	DGS	WisdomTree Emerging	Pair Corr
0.87	XSOE	WisdomTree Emerging	Pair Corr
0.74	FXY	Invesco CurrencyShares	Pair Corr
0.66	PMBS	PIMCO Mortgage Backed	Pair Corr
0.8	GDXU	MicroSectors Gold Miners	Pair Corr
0.73	KO	Coca Cola	Pair Corr
0.76	T	ATT Inc Sell-off Trend	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.65	INTC	Intel Sell-off Trend	Pair Corr

Moving against IShares Etf

0.52	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.31	HPQ	HP Inc	Pair Corr
0.57	MSFT	Microsoft Aggressive Push	Pair Corr
0.47	CAT	Caterpillar	Pair Corr
0.38	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	MCDS	VO	MDYG	MDYV	MIDE	MYLD	EFAA	EFFE	EFFI
MCDS		0.86	0.98	0.98	0.99	0.96	-0.5	-0.38	-0.52	MCDS
VO	0.86		0.79	0.84	0.83	0.75	-0.22	-0.12	-0.25	VO
MDYG	0.98	0.79		0.96	0.99	0.98	-0.61	-0.49	-0.64	MDYG
MDYV	0.98	0.84	0.96		0.99	0.94	-0.42	-0.34	-0.45	MDYV
MIDE	0.99	0.83	0.99	0.99		0.97	-0.52	-0.42	-0.55	MIDE
MYLD	0.96	0.75	0.98	0.94	0.97		-0.67	-0.55	-0.7	MYLD
EFAA	-0.5	-0.22	-0.61	-0.42	-0.52	-0.67		0.89	0.99	EFAA
EFFE	-0.38	-0.12	-0.49	-0.34	-0.42	-0.55	0.89		0.89	EFFE
EFFI	-0.52	-0.25	-0.64	-0.45	-0.55	-0.7	0.99	0.89		EFFI
	MCDS	VO	MDYG	MDYV	MIDE	MYLD	EFAA	EFFE	EFFI

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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

MIDE	+ 0.99	MCDS
MIDE	+ 0.99	MDYG
MIDE	+ 0.99	MDYV
EFFI	+ 0.99	EFAA
MDYG	+ 0.98	MCDS
MDYV	+ 0.98	MCDS

High negative correlations

EFFI	- 0.7	MYLD
EFAA	- 0.67	MYLD
EFFI	- 0.64	MDYG
EFAA	- 0.61	MDYG
EFFE	- 0.55	MYLD
EFFI	- 0.55	MIDE

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
MCDS	0.77	(0.08)	0.00	0.80	0.00	0.00	1.46	(1.85)	4.01
VO	0.76	(0.03)	0.00	(0.07)	0.00	0.00	1.48	(1.82)	3.64
MDYG	0.96	(0.11)	0.00	0.85	0.00	0.00	1.72	(2.21)	4.86
MDYV	0.75	(0.06)	0.00	0.73	0.00	0.00	1.24	(1.83)	3.42
MIDE	0.84	(0.07)	0.00	0.69	0.00	0.00	1.55	(1.61)	4.05
MYLD	0.77	(0.13)	0.00	1.18	0.00	0.00	1.33	(1.60)	4.22
EFAA	0.48	0.11	0.23	(4.18)	0.41	(0.53)	1.02	(0.89)	3.47
EFFE	0.90	0.09	0.10	(6.15)	1.12	(1.02)	1.61	(2.05)	6.51
EFFI	0.67	0.12	0.20	(49.92)	0.64	(0.74)	1.45	(1.26)	4.21

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