IShares MSCI Correlations

EWU Etf

USD 37.53 0.35 0.92%

The current 90-days correlation between iShares MSCI United and Strategy Shares is 0.3 (i.e., Weak 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

Very weak diversification

The correlation between iShares MSCI United and DJI is 0.53 (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 United 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 United. 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

0.73	EWY	iShares MSCI South	Pair Corr
0.99	EWL	iShares MSCI Switzerland	Pair Corr
0.98	EWG	iShares MSCI Germany	Pair Corr
0.97	EWQ	iShares MSCI France	Pair Corr
0.86	EWW	iShares MSCI Mexico	Pair Corr
0.92	BND	Vanguard Total Bond	Pair Corr
0.99	VEA	Vanguard FTSE Developed	Pair Corr
0.91	GDXU	MicroSectors Gold Miners	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.8	MCD	McDonalds	Pair Corr
0.82	IBM	International Business	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.81	MMM	3M Company	Pair Corr
0.65	INTC	Intel	Pair Corr
0.89	KO	Coca Cola	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr

Moving against IShares Etf

0.57	VUG	Vanguard Growth Index	Pair Corr
0.54	VB	Vanguard Small Cap	Pair Corr
0.39	VTI	Vanguard Total Stock	Pair Corr
0.35	SPY	SPDR SP 500	Pair Corr
0.35	IVV	iShares Core SP	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.6	CAT	Caterpillar	Pair Corr
0.58	HPQ	HP Inc	Pair Corr
0.53	DIS	Walt Disney	Pair Corr
0.49	AXP	American Express	Pair Corr
0.43	HD	Home Depot	Pair Corr
0.42	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		-0.13	-0.07	-0.02	0.11	-0.02	-0.1	-0.03	-0.08	DHSB
MBOX	-0.13		0.37	0.16	-0.29	0.42	0.92	0.37	0.85	MBOX
DIEM	-0.07	0.37		0.85	0.11	-0.35	0.52	0.76	0.63	DIEM
MCHI	-0.02	0.16	0.85		0.46	-0.53	0.46	0.92	0.59	MCHI
DIPS	0.11	-0.29	0.11	0.46		-0.53	-0.04	0.51	0.08	DIPS
DISO	-0.02	0.42	-0.35	-0.53	-0.53		0.27	-0.49	0.08	DISO
DIVB	-0.1	0.92	0.52	0.46	-0.04	0.27		0.63	0.95	DIVB
DIVD	-0.03	0.37	0.76	0.92	0.51	-0.49	0.63		0.74	DIVD
DIVG	-0.08	0.85	0.63	0.59	0.08	0.08	0.95	0.74		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DIVG	+ 0.95	DIVB
DIVB	+ 0.92	MBOX
DIVD	+ 0.92	MCHI
DIVG	+ 0.85	MBOX
MCHI	+ 0.85	DIEM
DIVD	+ 0.76	DIEM

High negative correlations

DISO	- 0.53	DIPS
DISO	- 0.53	MCHI
DIVD	- 0.49	DISO
DISO	- 0.35	DIEM
DIPS	- 0.29	MBOX
MBOX	- 0.13	DHSB

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
DHSB	0.37	(0.08)	0.00	(0.48)	0.00	0.00	0.82	(0.74)	1.68
MBOX	0.69	0.00	0.00	(0.07)	0.00	0.00	1.08	(1.40)	3.06
DIEM	0.69	0.05	0.09	0.04	0.86	(0.76)	1.43	(1.89)	4.39
MCHI	1.38	0.27	0.20	0.70	1.42	(1.60)	2.63	(2.72)	7.91
DIPS	2.24	0.08	0.08	(0.14)	2.73	(2.40)	5.35	(4.43)	23.78
DISO	0.91	(0.11)	0.00	(0.23)	0.00	0.00	1.47	(2.12)	6.61
DIVB	0.65	0.03	0.00	(0.03)	0.00	0.00	1.15	(1.40)	3.13
DIVD	0.60	0.14	0.23	0.21	0.65	(0.68)	1.39	(0.99)	3.39
DIVG	0.60	0.03	0.08	(0.02)	0.76	(0.62)	1.23	(1.18)	3.05

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