IShares MSCI Correlations

EWP Etf

USD 33.20 0.10 0.30%

The current 90-days correlation between iShares MSCI Spain and iShares MSCI France is 0.71 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Good diversification

The correlation between iShares MSCI Spain 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 Spain 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 Spain. 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

0.78	EWU	iShares MSCI United	Pair Corr
0.79	EWY	iShares MSCI South	Pair Corr
0.8	EWL	iShares MSCI Switzerland	Pair Corr
0.87	EWG	iShares MSCI Germany	Pair Corr
0.88	EWQ	iShares MSCI France	Pair Corr
0.85	EWW	iShares MSCI Mexico	Pair Corr
0.62	IRET	Tidal Trust II	Pair Corr
0.62	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.79	PFE	Pfizer Inc Potential Growth	Pair Corr
0.73	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against IShares Etf

0.67	ARKW	ARK Next Generation	Pair Corr
0.65	WTMF	WisdomTree Managed	Pair Corr
0.63	DIS	Walt Disney Aggressive Push	Pair Corr
0.54	IAUF	IShares	Pair Corr
0.43	OIH	VanEck Oil Services	Pair Corr
0.37	BST	BlackRock Science Tech	Pair Corr
0.36	BBCA	JPMorgan BetaBuilders	Pair Corr
0.33	EWC	iShares MSCI Canada Sell-off Trend	Pair Corr
0.78	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.75	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.62	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.56	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.51	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	EWI	EWQ	EWN	EWD	EWK
EWI		0.87	0.77	0.81	0.9	EWI
EWQ	0.87		0.96	0.96	0.92	EWQ
EWN	0.77	0.96		0.95	0.88	EWN
EWD	0.81	0.96	0.95		0.89	EWD
EWK	0.9	0.92	0.88	0.89		EWK
	EWI	EWQ	EWN	EWD	EWK

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EWI	0.72	(0.08)	0.61	0.97	(1.80)	5.16
EWQ	0.80	(0.19)	(0.37)	1.51	(1.98)	5.71
EWN	0.90	(0.21)	(0.29)	1.55	(1.86)	7.34
EWD	0.88	(0.16)	(0.25)	1.46	(1.91)	6.65
EWK	0.63	(0.09)	(1.32)	1.26	(1.49)	3.75

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