IShares MSCI Correlations

EWZ Etf

USD 26.57 0.01 0.04%

The current 90-days correlation between iShares MSCI Brazil and iShares China Large Cap is 0.44 (i.e., Very 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

Weak diversification

The correlation between iShares MSCI Brazil and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Brazil 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 Brazil. 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

0.99	ILF	iShares Latin America	Pair Corr
0.99	FLBR	Franklin FTSE Brazil	Pair Corr
0.99	EWZS	iShares MSCI Brazil	Pair Corr
0.98	FLLA	Franklin FTSE Latin	Pair Corr
0.98	BRF	VanEck Brazil Small	Pair Corr
0.97	FBZ	First Trust Brazil	Pair Corr
0.71	MAPP	Harbor ETF Trust	Pair Corr
0.69	HART	IQ Healthy Hearts	Pair Corr
0.92	GDXU	MicroSectors Gold Miners	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.83	MMM	3M Company	Pair Corr
0.75	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.72	CVX	Chevron Corp	Pair Corr

Moving against IShares Etf

0.47	PRME	Prime Medicine, Common	Pair Corr
0.31	CAT	Caterpillar	Pair Corr
0.68	MRK	Merck Company	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.36	DIS	Walt Disney	Pair Corr
0.36	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	FXI	EWW	EWY	EWJ	EEM
FXI		0.85	0.7	0.88	0.92	FXI
EWW	0.85		0.82	0.87	0.93	EWW
EWY	0.7	0.82		0.71	0.8	EWY
EWJ	0.88	0.87	0.71		0.92	EWJ
EEM	0.92	0.93	0.8	0.92		EEM
	FXI	EWW	EWY	EWJ	EEM

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FXI	1.41	0.30	0.21	0.65	1.42	(1.55)	2.72	(2.68)	7.86
EWW	1.15	0.06	0.06	0.05	1.49	(1.03)	2.29	(2.35)	5.16
EWY	1.21	0.12	0.08	0.07	1.50	(1.21)	2.71	(2.42)	6.58
EWJ	0.80	0.10	0.13	0.09	0.91	(0.89)	1.74	(1.33)	4.32
EEM	0.80	0.07	0.10	0.08	0.99	(0.83)	1.70	(1.82)	5.37

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