IShares MSCI Correlations

EWN Etf

USD 47.17 0.09 0.19%

The current 90-days correlation between iShares MSCI Netherlands and iShares MSCI Sweden is 0.77 (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 Netherlands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI Netherlands and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Netherlands 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 Netherlands. 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

0.89	EWU	iShares MSCI United	Pair Corr
0.61	EWY	iShares MSCI South	Pair Corr
0.88	EWL	iShares MSCI Switzerland	Pair Corr
0.94	EWG	iShares MSCI Germany	Pair Corr
0.68	KSA	iShares MSCI Saudi	Pair Corr
0.89	EWQ	iShares MSCI France	Pair Corr
0.88	EWW	iShares MSCI Mexico Sell-off Trend	Pair Corr
0.74	RXI	iShares Global Consumer	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.74	GE	GE Aerospace	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.72	JPM	JPMorgan Chase	Pair Corr
0.84	T	ATT Inc Aggressive Push	Pair Corr

Moving against IShares Etf

0.56	URNM	Sprott Uranium Miners	Pair Corr
0.8	MRK	Merck Company Aggressive Push	Pair Corr
0.41	MSFT	Microsoft	Pair Corr
0.41	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	EWK	EWD	EWQ	EWL	EWO
EWK		0.67	0.53	0.72	0.59	EWK
EWD	0.67		0.95	0.97	0.93	EWD
EWQ	0.53	0.95		0.94	0.94	EWQ
EWL	0.72	0.97	0.94		0.91	EWL
EWO	0.59	0.93	0.94	0.91		EWO
	EWK	EWD	EWQ	EWL	EWO

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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
EWK	0.75	0.05	0.06	(0.21)	1.15	(0.83)	1.39	(1.67)	11.04
EWD	0.83	0.21	0.20	0.30	0.82	(0.90)	1.98	(1.57)	5.08
EWQ	0.72	0.16	0.18	0.53	0.75	(0.76)	1.74	(1.16)	4.28
EWL	0.62	0.14	0.19	0.33	0.67	(0.68)	1.41	(1.26)	3.95
EWO	0.80	0.25	0.22	0.89	0.92	(0.84)	1.77	(2.05)	5.07

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