IShares MSCI Correlations

EWI Etf

USD 42.95 0.31 0.72%

The current 90-days correlation between iShares MSCI Italy and iShares MSCI Netherlands is -0.03 (i.e., Good 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 Italy 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 Italy 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 Italy. 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

0.9	EWU	iShares MSCI United	Pair Corr
0.68	EWY	iShares MSCI South	Pair Corr
0.9	EWL	iShares MSCI Switzerland	Pair Corr
0.99	EWG	iShares MSCI Germany	Pair Corr
0.91	EWQ	iShares MSCI France	Pair Corr
0.81	EWW	iShares MSCI Mexico	Pair Corr
0.79	TLT	iShares 20 Year	Pair Corr
0.72	T	ATT Inc Earnings Call This Week	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.78	VZ	Verizon Communications	Pair Corr
0.73	KO	Coca Cola	Pair Corr

Moving against IShares Etf

0.91	GRI	GRI Bio Earnings Call This Week	Pair Corr
0.68	SLYV	SPDR SP 600	Pair Corr
0.61	SLYG	SPDR SP 600	Pair Corr
0.56	MDY	SPDR SP MIDCAP	Pair Corr
0.5	IGV	iShares Expanded Tech Low Volatility	Pair Corr
0.45	KRMA	Global X Conscious	Pair Corr
0.43	SPY	SPDR SP 500	Pair Corr
0.43	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.6	IXN	iShares Global Tech	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.5	CAT	Caterpillar	Pair Corr
0.43	HD	Home Depot	Pair Corr
0.37	MRK	Merck Company	Pair Corr
0.36	BA	Boeing	Pair Corr

Related Correlations Analysis

	EWP	EWQ	EWN	EWK	EWL
EWP		0.95	0.91	0.96	0.97	EWP
EWQ	0.95		0.93	0.9	0.98	EWQ
EWN	0.91	0.93		0.87	0.92	EWN
EWK	0.96	0.9	0.87		0.91	EWK
EWL	0.97	0.98	0.92	0.91		EWL
	EWP	EWQ	EWN	EWK	EWL

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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
EWP	0.88	0.40	0.37	0.66	0.68	(0.97)	2.24	(1.36)	4.96
EWQ	0.87	0.25	0.27	0.49	0.79	(0.97)	2.32	(1.41)	5.12
EWN	0.93	0.16	0.13	0.19	1.22	(0.92)	1.82	(1.51)	6.36
EWK	0.91	0.20	0.15	0.30	1.28	(0.99)	1.92	(1.67)	11.04
EWL	0.68	0.25	0.36	0.51	0.47	(0.76)	1.79	(1.26)	4.20

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