IShares MSCI Correlations

EWK Etf

USD 20.22 0.11 0.54%

The current 90-days correlation between iShares MSCI Belgium and iShares MSCI Austria is 0.51 (i.e., Very weak 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 Belgium moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Good diversification

The correlation between iShares MSCI Belgium and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Belgium 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 Belgium. 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

0.69	EWU	iShares MSCI United	Pair Corr
0.65	EWL	iShares MSCI Switzerland	Pair Corr
0.7	EWG	iShares MSCI Germany	Pair Corr
0.62	EWQ	iShares MSCI France	Pair Corr
0.77	EWW	iShares MSCI Mexico	Pair Corr
0.89	BND	Vanguard Total Bond	Pair Corr
0.67	VEA	Vanguard FTSE Developed	Pair Corr
0.82	GDXU	MicroSectors Gold Miners	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.68	KO	Coca Cola	Pair Corr

Moving against IShares Etf

0.63	VTI	Vanguard Total Stock	Pair Corr
0.6	IVV	iShares Core SP	Pair Corr
0.59	VB	Vanguard Small Cap	Pair Corr
0.58	VUG	Vanguard Growth Index	Pair Corr
0.5	SPY	SPDR SP 500	Pair Corr
0.5	VO	Vanguard Mid Cap	Pair Corr
0.44	KSA	iShares MSCI Saudi	Pair Corr
0.39	EWA	iShares MSCI Australia	Pair Corr
0.67	AXP	American Express	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.53	HD	Home Depot	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.51	AA	Alcoa Corp	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	EWN	EWO	EWD	EWQ	EWI
EWN		0.9	0.78	0.73	0.75	EWN
EWO	0.9		0.68	0.68	0.73	EWO
EWD	0.78	0.68		0.98	0.97	EWD
EWQ	0.73	0.68	0.98		0.98	EWQ
EWI	0.75	0.73	0.97	0.98		EWI
	EWN	EWO	EWD	EWQ	EWI

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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	0.92	0.11	0.13	(6.54)	1.19	(0.92)	1.82	(1.51)	6.36
EWO	1.03	0.35	0.29	(4.20)	1.06	(1.14)	2.24	(2.10)	9.24
EWD	1.03	0.24	0.20	0.21	1.04	(1.13)	2.71	(1.75)	6.99
EWQ	0.86	0.20	0.21	0.38	0.90	(0.91)	2.32	(1.64)	5.12
EWI	0.87	0.26	0.27	0.36	0.87	(0.96)	1.85	(1.60)	5.08

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