IShares MSCI Correlations

EZU Etf

USD 54.56 0.00 0.00%

The current 90-days correlation between iShares MSCI Eurozone and iShares MSCI France is 0.95 (i.e., Almost no 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 Eurozone and DJI is 0.43 (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 Eurozone 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 Eurozone. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

1.0	VGK	Vanguard FTSE Europe	Pair Corr
1.0	BBEU	JPMorgan BetaBuilders	Pair Corr
1.0	IEUR	iShares Core MSCI	Pair Corr
1.0	FEZ	SPDR EURO STOXX	Pair Corr
1.0	IEV	iShares Europe ETF	Pair Corr
0.96	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.94	DBEU	Xtrackers MSCI Europe	Pair Corr
0.96	HEZU	iShares Currency Hedged	Pair Corr
0.99	FEP	First Trust Europe	Pair Corr
0.96	IGA	Voya Global Advantage	Pair Corr
0.91	GDXU	MicroSectors Gold Miners	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.88	VZ	Verizon Communications	Pair Corr
0.81	MMM	3M Company	Pair Corr
0.94	JNJ	Johnson Johnson	Pair Corr
0.65	INTC	Intel	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.92	T	ATT Inc Earnings Call Today	Pair Corr
0.78	IBM	International Business	Pair Corr
0.89	KO	Coca Cola	Pair Corr

Moving against IShares Etf

0.78	MAGS	Roundhill Magnificent	Pair Corr
0.66	SEMI	Columbia Seligman	Pair Corr
0.39	PXMV	Invesco SP MidCap	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.59	MRK	Merck Company	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	EWQ	IEV	EWU	EWP	EWN
EWQ		0.99	0.97	0.95	0.93	EWQ
IEV	0.99		0.99	0.98	0.95	IEV
EWU	0.97	0.99		0.97	0.94	EWU
EWP	0.95	0.98	0.97		0.92	EWP
EWN	0.93	0.95	0.94	0.92		EWN
	EWQ	IEV	EWU	EWP	EWN

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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
EWQ	0.86	0.20	0.21	0.38	0.90	(0.91)	2.32	(1.64)	5.12
IEV	0.76	0.18	0.22	0.27	0.81	(0.85)	1.41	(1.34)	5.23
EWU	0.62	0.14	0.21	0.22	0.63	(0.66)	1.56	(1.41)	4.39
EWP	0.89	0.32	0.27	0.43	0.87	(0.92)	2.24	(1.75)	4.96
EWN	0.91	0.11	0.11	0.13	1.21	(0.89)	1.82	(1.57)	6.36

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