IShares MSCI Correlations

EWL Etf

USD 52.94 0.04 0.08%

The current 90-days correlation between iShares MSCI Switzerland and iShares MSCI France is 0.63 (i.e., Poor 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 Switzerland moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI Switzerland and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Switzerland 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 Switzerland. 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

0.99	EWU	iShares MSCI United	Pair Corr
0.75	EWY	iShares MSCI South	Pair Corr
0.98	EWG	iShares MSCI Germany	Pair Corr
0.98	EWQ	iShares MSCI France	Pair Corr
0.87	EWW	iShares MSCI Mexico	Pair Corr
0.91	BND	Vanguard Total Bond	Pair Corr
0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.9	GDXU	MicroSectors Gold Miners	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.82	IBM	International Business	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.83	GE	GE Aerospace	Pair Corr
0.84	MMM	3M Company	Pair Corr
0.64	INTC	Intel Sell-off Trend	Pair Corr
0.9	KO	Coca Cola Sell-off Trend	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr

Moving against IShares Etf

0.59	VUG	Vanguard Growth Index	Pair Corr
0.55	VB	Vanguard Small Cap	Pair Corr
0.4	VTI	Vanguard Total Stock	Pair Corr
0.37	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.36	IVV	iShares Core SP	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.6	MRK	Merck Company	Pair Corr
0.59	CAT	Caterpillar	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.53	DIS	Walt Disney	Pair Corr
0.46	AXP	American Express	Pair Corr
0.43	HD	Home Depot	Pair Corr
0.41	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	EWN	EWD	EWQ	EWK	EWI
EWN		0.96	0.93	0.82	0.91	EWN
EWD	0.96		0.98	0.83	0.95	EWD
EWQ	0.93	0.98		0.86	0.96	EWQ
EWK	0.82	0.83	0.86		0.93	EWK
EWI	0.91	0.95	0.96	0.93		EWI
	EWN	EWD	EWQ	EWK	EWI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	0.91	0.10	0.09	0.14	1.22	(0.87)	1.82	(1.57)	6.36
EWD	1.03	0.22	0.18	0.22	1.03	(1.14)	2.71	(1.75)	6.99
EWQ	0.85	0.19	0.19	0.43	0.88	(0.91)	2.32	(1.64)	5.12
EWK	0.89	0.11	0.10	(0.46)	1.27	(0.96)	1.92	(1.70)	11.04
EWI	0.87	0.21	0.24	(0.88)	0.87	(0.96)	1.85	(1.60)	5.08

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC