IShares MSCI Correlations

EWD Etf

USD 43.85 0.47 1.08%

The current 90-days correlation between iShares MSCI Sweden and iShares MSCI Netherlands is 0.77 (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

Very weak diversification

The correlation between iShares MSCI Sweden and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Sweden 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 Sweden. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

0.68	BBCA	JPMorgan BetaBuilders	Pair Corr
0.66	EWC	iShares MSCI Canada	Pair Corr
0.97	EWU	iShares MSCI United	Pair Corr
0.82	EWY	iShares MSCI South	Pair Corr
0.98	EWL	iShares MSCI Switzerland	Pair Corr
0.98	EWG	iShares MSCI Germany	Pair Corr
0.77	KSA	iShares MSCI Saudi	Pair Corr
0.95	EWQ	iShares MSCI France	Pair Corr
0.88	EWW	iShares MSCI Mexico	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.72	GE	GE Aerospace	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.71	T	ATT Inc Aggressive Push	Pair Corr

Moving against IShares Etf

0.49	URNM	Sprott Uranium Miners	Pair Corr
0.34	USD	ProShares Ultra Semi	Pair Corr
0.64	MRK	Merck Company Aggressive Push	Pair Corr
0.54	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	EWN	EWK	EWL	EWO	EWQ
EWN		0.79	0.9	0.91	0.88	EWN
EWK	0.79		0.79	0.67	0.65	EWK
EWL	0.9	0.79		0.91	0.95	EWL
EWO	0.91	0.67	0.91		0.94	EWO
EWQ	0.88	0.65	0.95	0.94		EWQ
	EWN	EWK	EWL	EWO	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
EWN	0.72	0.11	0.13	0.42	0.77	(0.74)	1.77	(1.51)	3.62
EWK	0.74	0.05	0.04	0.08	1.19	(0.81)	1.44	(1.70)	11.04
EWL	0.62	0.12	0.16	0.35	0.65	(0.70)	2.07	(1.26)	3.40
EWO	0.79	0.31	0.25	0.57	0.90	(0.87)	1.99	(2.15)	5.07
EWQ	0.73	0.17	0.18	0.50	0.75	(0.79)	2.32	(1.41)	4.28

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