IShares Core Correlations

Etfs . USA . 
Etf . iShares Core MSCI
IEFA Etf  USD 77.56  0.47  0.60%   
The current 90-days correlation between iShares Core MSCI and iShares Core MSCI is 0.77 (i.e., Poor diversification). The correlation of IShares Core 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 Core Correlation With Market

Very weak diversification

The correlation between iShares Core MSCI and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI 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 Core MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

  1.0VEA Vanguard FTSE DevelopedPairCorr
  0.79VEU Vanguard FTSE AllPairCorr
  1.0EFA iShares MSCI EAFEPairCorr
  0.79IXUS iShares Core MSCIPairCorr
  0.79SPDW SPDR SP WorldPairCorr
  0.8IDEV iShares Core MSCIPairCorr
  0.79ESGD iShares ESG AwarePairCorr
  0.8JIRE JP Morgan ExchangePairCorr
  0.99DFAX Dimensional WorldPairCorr
  0.91GDXU MicroSectors Gold MinersPairCorr
  0.93JNJ Johnson JohnsonPairCorr
  0.79MCD McDonaldsPairCorr
  0.7CVX Chevron CorpPairCorr
  0.78TRV The Travelers CompaniesPairCorr
  0.88VZ Verizon CommunicationsPairCorr
  0.81GE GE AerospacePairCorr
  0.67INTC IntelPairCorr
  0.64XOM Exxon Mobil CorpPairCorr

Moving against IShares Etf

  0.44UPRO ProShares UltraPro SP500PairCorr
  0.34QTOC Innovator ETFs TrustPairCorr
  0.62MRK Merck CompanyPairCorr
  0.57CAT CaterpillarPairCorr
  0.55HPQ HP IncPairCorr
  0.53DIS Walt DisneyPairCorr
  0.48AXP American ExpressPairCorr
  0.43HD Home DepotPairCorr
  0.41BAC Bank of AmericaPairCorr

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   
ITOT
+ 0.94
IJR
USMV
+ 0.79
IEMG
IJR
+ 0.77
IJH
ITOT
+ 0.77
IJH
USMV
+ 0.01
ITOT
  
High negative correlations   
IJR
- 0.42
IEMG
IJH
- 0.36
IEMG
ITOT
- 0.22
IEMG
USMV
- 0.21
IJR
USMV
- 0.18
IJH

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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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