IShares MSCI Correlations

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USD 38.70 0.84 2.12%

The current 90-days correlation between iShares MSCI Global and Invesco SP 500 is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Significant diversification

The correlation between iShares MSCI Global and DJI is 0.01 (i.e., Significant 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 Your Equity Center 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 main economic indicators.

Moving together with IShares Etf

0.78	EV	Mast Global Battery	Pair Corr
0.67	XLB	Materials Select Sector	Pair Corr
0.61	MOO	VanEck Agribusiness ETF	Pair Corr
0.73	FXZ	First Trust Materials	Pair Corr
0.71	IYM	iShares Basic Materials	Pair Corr
0.74	LUX	Tema ETF Trust	Pair Corr

Moving against IShares Etf

0.54	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.35	VR	VR	Pair Corr
0.41	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.4	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.4	WMT	Walmart	Pair Corr
0.39	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.39	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.38	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	RGI	RCD	RHS	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX
RGI		0.91	-0.52	0.0	0.56	0.65	0.07	-0.71	0.69	0.6	RGI
RCD	0.91		-0.3	0.0	0.66	0.73	0.31	-0.77	0.69	0.77	RCD
RHS	-0.52	-0.3		0.0	0.06	-0.07	0.48	0.35	-0.48	0.23	RHS
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.56	0.66	0.06	0.0		0.54	0.32	-0.15	0.02	0.75	MSTSX
LBHIX	0.65	0.73	-0.07	0.0	0.54		0.58	-0.58	0.51	0.79	LBHIX
ABHYX	0.07	0.31	0.48	0.0	0.32	0.58		-0.35	0.16	0.61	ABHYX
SCAXF	-0.71	-0.77	0.35	0.0	-0.15	-0.58	-0.35		-0.88	-0.47	SCAXF
VIASP	0.69	0.69	-0.48	0.0	0.02	0.51	0.16	-0.88		0.37	VIASP
RRTLX	0.6	0.77	0.23	0.0	0.75	0.79	0.61	-0.47	0.37		RRTLX
	RGI	RCD	RHS	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX

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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

RCD	+ 0.91	RGI
RRTLX	+ 0.79	LBHIX
RRTLX	+ 0.77	RCD
RRTLX	+ 0.75	MSTSX
LBHIX	+ 0.73	RCD
VIASP	+ 0.69	RGI

High negative correlations

VIASP	- 0.88	SCAXF
SCAXF	- 0.77	RCD
SCAXF	- 0.71	RGI
SCAXF	- 0.58	LBHIX
RHS	- 0.52	RGI
VIASP	- 0.48	RHS

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
RGI	0.65	0.12	0.09	0.53	0.38	(0.84)	1.47	(0.85)	5.20
RCD	0.70	0.20	0.17	2.26	0.43	(0.82)	1.52	(1.02)	3.36
RHS	0.49	(0.03)	0.00	(0.12)	0.00	0.00	0.85	(1.06)	2.47
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.46	0.05	(0.07)	1.56	0.42	(0.58)	1.21	(0.84)	2.80
LBHIX	0.10	0.00	(0.35)	0.14	0.00	(0.25)	0.24	(0.24)	0.71
ABHYX	0.17	(0.02)	(0.22)	(0.09)	0.29	(0.24)	0.34	(0.44)	1.91
SCAXF	0.70	(0.40)	0.00	(0.93)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.12	0.02	(2.24)	1.08	(0.82)	2.28	(1.20)	7.18
RRTLX	0.22	0.01	(0.24)	0.33	0.19	(0.25)	0.48	(0.47)	1.36

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