IShares MSCI Correlations

EWN Etf  USD 48.33  0.08  0.17%   
The current 90-days correlation between iShares MSCI Netherlands and iShares MSCI Sweden is 0.81 (i.e., Very 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

Very weak diversification

The correlation between iShares MSCI Netherlands and DJI is 0.42 (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 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

  0.94EWU iShares MSCI UnitedPairCorr
  0.78EWY iShares MSCI SouthPairCorr
  0.93EWL iShares MSCI SwitzerlandPairCorr
  0.94EWG iShares MSCI Germany Sell-off TrendPairCorr
  0.93EWQ iShares MSCI FrancePairCorr
  0.91EWW iShares MSCI MexicoPairCorr
  0.8BND Vanguard Total BondPairCorr
  0.96VEA Vanguard FTSE DevelopedPairCorr
  0.88GDXU MicroSectors Gold MinersPairCorr
  0.65TRV The Travelers CompaniesPairCorr
  0.77MCD McDonaldsPairCorr
  0.8IBM International BusinessPairCorr
  0.77GE GE AerospacePairCorr
  0.73MMM 3M CompanyPairCorr
  0.77INTC Intel Sell-off TrendPairCorr
  0.88KO Coca ColaPairCorr
  0.74CSCO Cisco SystemsPairCorr

Moving against IShares Etf

  0.46VB Vanguard Small CapPairCorr
  0.45VUG Vanguard Growth IndexPairCorr
  0.67MRK Merck CompanyPairCorr
  0.56CAT CaterpillarPairCorr
  0.54AA Alcoa CorpPairCorr
  0.53DIS Walt DisneyPairCorr
  0.43AXP American ExpressPairCorr
  0.42HPQ HP IncPairCorr
  0.41HD Home DepotPairCorr
  0.37BAC Bank of America Aggressive PushPairCorr

Related Correlations Analysis

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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.