IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI United
EWUS Etf  USD 33.50  0.81  2.36%   
The current 90-days correlation between iShares MSCI United and IShares is 0.01 (i.e., Significant 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

Significant diversification

The correlation between iShares MSCI United and DJI is 0.08 (i.e., Significant 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 employment.

Moving together with IShares Etf

  0.96EWU iShares MSCI UnitedPairCorr
  0.76EWY iShares MSCI SouthPairCorr
  0.74EWA iShares MSCI AustraliaPairCorr
  0.89EWL iShares MSCI SwitzerlandPairCorr
  0.77EWG iShares MSCI GermanyPairCorr
  0.85EWQ iShares MSCI FrancePairCorr
  0.89EWW iShares MSCI MexicoPairCorr
  0.61GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.64VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.83KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.81MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.61XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.78JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.76MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr

Moving against IShares Etf

  0.76VCAR Simplify Volt RoboCar Symbol ChangePairCorr
  0.7GBTC Grayscale Bitcoin TrustPairCorr
  0.65BITX Volatility Shares TrustPairCorr
  0.61FNGU MicroSectors FANG IndexPairCorr
  0.38WTID UBS ETRACSPairCorr
  0.62CSCO Cisco SystemsPairCorr
  0.58AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.55WMT Walmart Aggressive PushPairCorr
  0.55BAC Bank of America Earnings Call This WeekPairCorr
  0.38BA Boeing Fiscal Year End 29th of January 2025 PairCorr

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.

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