IShares MSCI Correlations

EUFN Etf

USD 28.84 0.09 0.31%

The current 90-days correlation between iShares MSCI Europe and iShares MSCI Eurozone is 0.91 (i.e., Almost no 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 Europe moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares MSCI Europe. 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

0.7	BITI	ProShares Trust	Pair Corr
0.78	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.97	PULS	PGIM Ultra Short	Pair Corr
0.88	GDXU	MicroSectors Gold Miners	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr

Moving against IShares Etf

0.61	IAT	iShares Regional Banks	Pair Corr
0.46	KRE	SPDR SP Regional	Pair Corr
0.43	MPAY	Akros Monthly Payout	Pair Corr
0.4	KBE	SPDR SP Bank	Pair Corr
0.38	FXO	First Trust Financials	Pair Corr
0.59	AXP	American Express	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.51	CAT	Caterpillar	Pair Corr
0.35	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	EZU	EWI	EWU	AAXJ	EWQ
EZU		0.99	0.8	0.84	0.75	EZU
EWI	0.99		0.77	0.83	0.72	EWI
EWU	0.8	0.77		0.69	0.97	EWU
AAXJ	0.84	0.83	0.69		0.61	AAXJ
EWQ	0.75	0.72	0.97	0.61		EWQ
	EZU	EWI	EWU	AAXJ	EWQ

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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
EZU	0.83	0.24	0.28	2.45	0.75	(0.91)	2.16	(1.59)	5.96
EWI	0.84	0.30	0.36	(29.94)	0.72	(1.00)	1.85	(1.35)	5.08
EWU	0.62	0.14	0.21	0.22	0.63	(0.66)	1.56	(1.41)	4.39
AAXJ	0.84	0.05	0.10	(0.70)	1.04	(0.83)	1.62	(2.01)	5.72
EWQ	0.86	0.20	0.21	0.38	0.90	(0.91)	2.32	(1.64)	5.12

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IShares MSCI Correlations

Moving together with IShares Etf

Moving against IShares Etf

Related Correlations Analysis

IShares MSCI Constituents Risk-Adjusted Indicators

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