IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI South
EWY Etf  USD 58.14  0.46  0.78%   
The current 90-days correlation between iShares MSCI South and iShares MSCI Taiwan is 0.69 (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

Modest diversification

The correlation between iShares MSCI South and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI South 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 South. 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

  0.96EWU iShares MSCI UnitedPairCorr
  0.94EWL iShares MSCI SwitzerlandPairCorr
  0.73EWG iShares MSCI GermanyPairCorr
  0.95EWQ iShares MSCI FrancePairCorr
  0.77EWW iShares MSCI Mexico Potential GrowthPairCorr
  0.72BND Vanguard Total BondPairCorr
  0.94VEA Vanguard FTSE DevelopedPairCorr
  0.8PFE Pfizer Inc Aggressive PushPairCorr
  0.85MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.74JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.87KO Coca Cola Sell-off TrendPairCorr
  0.71BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Moving against IShares Etf

  0.68VO Vanguard Mid CapPairCorr
  0.67VUG Vanguard Growth IndexPairCorr
  0.66VB Vanguard Small CapPairCorr
  0.65VTI Vanguard Total StockPairCorr
  0.62SPY SPDR SP 500 Aggressive PushPairCorr
  0.62IVV iShares Core SPPairCorr
  0.54VTV Vanguard Value Index Sell-off TrendPairCorr
  0.52BBCA JPMorgan BetaBuildersPairCorr
  0.49EWC iShares MSCI CanadaPairCorr
  0.78TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.77JPM JPMorgan Chase Sell-off TrendPairCorr
  0.75T ATT Inc Aggressive PushPairCorr
  0.72CSCO Cisco Systems Aggressive PushPairCorr
  0.71CVX Chevron Corp Sell-off TrendPairCorr
  0.57AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.51INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.38HD Home Depot Sell-off TrendPairCorr
  0.31XOM Exxon Mobil Corp Sell-off TrendPairCorr

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   
EWA
+ 0.65
EWW
EWH
+ 0.56
EWT
EWA
+ 0.5
EWS
EWH
+ 0.41
EWS
EWA
+ 0.38
EWH
EWS
+ 0.36
EWT
  
High negative correlations   
EWW
- 0.08
EWS

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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