IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Mexico
EWW Etf  USD 49.14  0.19  0.39%   
The current 90-days correlation between iShares MSCI Mexico and iShares MSCI Spain is 0.28 (i.e., Modest 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

Modest diversification

The correlation between iShares MSCI Mexico 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 Mexico 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 Mexico. 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

  0.79EWU iShares MSCI UnitedPairCorr
  0.77EWY iShares MSCI SouthPairCorr
  0.65EWA iShares MSCI AustraliaPairCorr
  0.74EWL iShares MSCI SwitzerlandPairCorr
  0.8EWG iShares MSCI GermanyPairCorr
  0.83EWQ iShares MSCI FrancePairCorr
  0.62BND Vanguard Total BondPairCorr
  0.87VEA Vanguard FTSE DevelopedPairCorr
  0.77PFE Pfizer Inc Aggressive PushPairCorr
  0.65MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.64MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.71KO Coca Cola Sell-off TrendPairCorr

Moving against IShares Etf

  0.46VB Vanguard Small CapPairCorr
  0.43VO Vanguard Mid CapPairCorr
  0.4VUG Vanguard Growth IndexPairCorr
  0.38VTI Vanguard Total StockPairCorr
  0.34SPY SPDR SP 500 Aggressive PushPairCorr
  0.34IVV iShares Core SPPairCorr
  0.74JPM JPMorgan Chase Sell-off TrendPairCorr
  0.54CVX Chevron Corp Sell-off TrendPairCorr
  0.52TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.47CSCO Cisco Systems Aggressive PushPairCorr
  0.43T ATT Inc Aggressive PushPairCorr
  0.32AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Related Correlations Analysis

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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   
EWP
+ 0.86
EWM
EWY
+ 0.81
EWM
EWP
+ 0.77
EWY
EWA
+ 0.7
EWM
EWA
+ 0.62
EWP
EWS
+ 0.5
EWA
  
High negative correlations   
EWS
- 0.48
EWY
EWS
- 0.06
EWM
EWS
- 0.05
EWP

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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