IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI USA
SUSA Etf  USD 125.97  0.10  0.08%   
The current 90-days correlation between iShares MSCI USA and iShares MSCI KLD is 0.96 (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.

IShares MSCI Correlation With Market

Very poor diversification

The correlation between iShares MSCI USA and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI USA and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares MSCI USA. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with IShares Etf

  0.96VTI Vanguard Total StockPairCorr
  0.99SPY SPDR SP 500 Aggressive PushPairCorr
  0.99IVV iShares Core SPPairCorr
  0.97VIG Vanguard DividendPairCorr
  0.99VV Vanguard Large CapPairCorr
  0.99RSP Invesco SP 500PairCorr
  0.99IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  0.99DFAC Dimensional Core Equity Sell-off TrendPairCorr
  0.99SPLG SPDR Portfolio SPPairCorr
  0.85DSJA DSJAPairCorr
  0.82RSPY Tuttle Capital ManagementPairCorr
  0.77MEME Roundhill InvestmentsPairCorr
  0.9ITDD iShares TrustPairCorr
  0.86BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.63XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.84CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.93CSCO Cisco Systems Aggressive PushPairCorr
  0.85WMT Walmart Aggressive PushPairCorr
  0.86INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.85HD Home DepotPairCorr
  0.91AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.83DIS Walt DisneyPairCorr
  0.96AXP American Express Sell-off TrendPairCorr
  0.89CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.78T ATT Inc Aggressive PushPairCorr

Moving against IShares Etf

  0.8JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.73KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.67PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

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   
SHE
+ 0.98
DSI
CRBN
+ 0.96
DSI
SHE
+ 0.94
CRBN
ESGE
+ 0.46
ESGD
ESGE
+ 0.41
CRBN
ESGE
+ 0.19
DSI
  
High negative correlations   
SHE
- 0.62
ESGD
ESGD
- 0.61
DSI
CRBN
- 0.39
ESGD

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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