IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Intl
ISCF Etf  USD 33.35  0.23  0.69%   
The current 90-days correlation between iShares MSCI Intl and iShares Currency Hedged is 0.8 (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

Very weak diversification

The correlation between iShares MSCI Intl and DJI is 0.4 (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 Intl 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 Intl. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

  0.94SCZ iShares MSCI EAFEPairCorr
  0.98VSS Vanguard FTSE AllPairCorr
  0.98GWX SPDR SP InternationalPairCorr
  0.98DFIS Dimensional ETF TrustPairCorr
  0.67GREI Goldman Sachs FuturePairCorr

Moving against IShares Etf

  0.7FNTC DirexionPairCorr
  0.44PXMV Invesco SP MidCapPairCorr
  0.44IGA Voya Global AdvantagePairCorr
  0.36MAGS Roundhill MagnificentPairCorr
  0.6BITO ProShares Bitcoin Buyout TrendPairCorr
  0.53TFLR T Rowe PricePairCorr
  0.5BRW Saba Capital IncomePairCorr
  0.48SGOV iShares 0 3PairCorr
  0.6VFH Vanguard Financials IndexPairCorr
  0.57LONZ PIMCO ETF TrustPairCorr
  0.48CSHI SHP ETF TrustPairCorr
  0.45TARK AXS 2X InnovationPairCorr
  0.36XSLV Invesco SP SmallCapPairCorr
  0.35MVPS Amplify Thematic AllPairCorr

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   
IMTM
+ 0.88
INTF
EMGF
+ 0.85
HSCZ
EMGF
+ 0.62
IMTM
IMTM
+ 0.58
HSCZ
EMGF
+ 0.47
INTF
SMLF
+ 0.41
HSCZ
  
High negative correlations   
INTF
- 0.57
SMLF
IMTM
- 0.28
SMLF

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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