IShares MSCI Correlations

GLOF Etf

43.55 0.05 0.11%

The current 90-days correlation between iShares MSCI Global and iShares MSCI Intl is 0.85 (i.e., Very 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.

IShares MSCI Correlation With Market

Poor diversification

The correlation between iShares MSCI Global and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares MSCI Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with IShares Etf

0.99	VT	Vanguard Total World	Pair Corr
0.99	ACWI	iShares MSCI ACWI	Pair Corr
0.87	IOO	iShares Global 100	Pair Corr
0.99	URTH	iShares MSCI World	Pair Corr
0.99	CRBN	iShares MSCI ACWI	Pair Corr
0.66	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.99	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.99	SPGM	SPDR Portfolio MSCI	Pair Corr
0.83	WMT	Walmart	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.7	AXP	American Express	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr

Moving against IShares Etf

0.35

WTID

UBS ETRACS

Pair Corr

Related Correlations Analysis

	ISCF	SMLF	BBAG	INTF	IGRO
ISCF		-0.44	0.84	0.97	0.97	ISCF
SMLF	-0.44		-0.63	-0.52	-0.54	SMLF
BBAG	0.84	-0.63		0.9	0.9	BBAG
INTF	0.97	-0.52	0.9		0.98	INTF
IGRO	0.97	-0.54	0.9	0.98		IGRO
	ISCF	SMLF	BBAG	INTF	IGRO

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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

IGRO	+ 0.98	INTF
INTF	+ 0.97	ISCF
IGRO	+ 0.97	ISCF
INTF	+ 0.9	BBAG
IGRO	+ 0.9	BBAG
BBAG	+ 0.84	ISCF

High negative correlations

BBAG	- 0.63	SMLF
IGRO	- 0.54	SMLF
INTF	- 0.52	SMLF
SMLF	- 0.44	ISCF

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
ISCF	0.68	0.10	0.15	0.11	0.82	(0.70)	1.42	(1.07)	4.95
SMLF	1.01	(0.11)	0.00	(0.18)	0.00	0.00	1.60	(2.45)	5.06
BBAG	0.24	0.02	0.28	0.69	0.23	(0.25)	0.58	(0.40)	1.34
INTF	0.65	0.13	0.19	0.18	0.71	(0.78)	1.22	(1.00)	4.69
IGRO	0.61	0.10	0.17	0.13	0.71	(0.71)	1.43	(1.59)	3.32

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