IShares MSCI Correlations

ACWI Etf

USD 139.54 -0.91 -0.65%

The current 90-days correlation between iShares MSCI ACWI and Capital Group Dividend is 0.94 (i.e., Almost no diversification).The correlation matrix placing IShares MSCI alongside other assets in a portfolio reveals concentration risks and helps optimize allocation to achieve target diversification.

IShares MSCI Correlation With Broad Market

Very poor diversification

Across the chosen horizon, ACWI and DJI show a correlation of 0.81 and fall into the Very poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with IShares Etf

Trending Equities provides context for diversified portfolio design. Refined allocation visibility enhances overall portfolio context. The allocation includes a position in iShares MSCI ACWI within the allocation view. 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

1.0	VT	Vanguard Total World	Pair Corr
0.74	ACWV	iShares MSCI Global	Pair Corr
0.78	IOO	iShares Global 100	Pair Corr
0.98	URTH	iShares MSCI World	Pair Corr
0.99	CRBN	iShares MSCI ACWI	Pair Corr
0.87	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.99	SPGM	SPDR Portfolio MSCI	Pair Corr
0.73	USD	ProShares Ultra	Pair Corr
0.61	DGP	DB Gold Double	Pair Corr
0.67	UGL	ProShares Ultra Gold	Pair Corr
0.73	DFEN	Direxion Daily Aerospace	Pair Corr
0.79	NUGT	Direxion Daily Gold	Pair Corr
0.76	JNUG	Direxion Daily Junior	Pair Corr
0.72	TBG	EA Series Trust	Pair Corr
0.78	HYEM	VanEck Emerging Markets	Pair Corr
0.75	AUMI	Themes Gold Miners	Pair Corr
0.83	FNDE	Schwab Fundamental	Pair Corr
0.9	EFNL	iShares MSCI Finland	Pair Corr
0.71	IFRA	iShares Infrastructure	Pair Corr
0.67	GLD	SPDR Gold Shares	Pair Corr

Moving against IShares Etf

0.57	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.33	BCOR	Grayscale Bitcoin	Pair Corr

Related Correlations Analysis

	USMV	IUSV	IDEV	IYW	EEM	DVY	EWJ	MDY	IWP	CGDV
USMV		0.77	0.76	-0.62	0.71	0.82	0.74	0.72	-0.42	0.77	USMV
IUSV	0.77		0.94	-0.46	0.9	0.89	0.91	0.96	-0.24	0.95	IUSV
IDEV	0.76	0.94		-0.49	0.98	0.93	0.96	0.94	-0.35	0.97	IDEV
IYW	-0.62	-0.46	-0.49		-0.46	-0.73	-0.58	-0.44	0.85	-0.39	IYW
EEM	0.71	0.9	0.98	-0.46		0.91	0.92	0.92	-0.34	0.95	EEM
DVY	0.82	0.89	0.93	-0.73	0.91		0.94	0.88	-0.6	0.89	DVY
EWJ	0.74	0.91	0.96	-0.58	0.92	0.94		0.92	-0.43	0.93	EWJ
MDY	0.72	0.96	0.94	-0.44	0.92	0.88	0.92		-0.18	0.94	MDY
IWP	-0.42	-0.24	-0.35	0.85	-0.34	-0.6	-0.43	-0.18		-0.26	IWP
CGDV	0.77	0.95	0.97	-0.39	0.95	0.89	0.93	0.94	-0.26		CGDV
	USMV	IUSV	IDEV	IYW	EEM	DVY	EWJ	MDY	IWP	CGDV

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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

EEM	+ 0.98	IDEV
CGDV	+ 0.97	IDEV
MDY	+ 0.96	IUSV
EWJ	+ 0.96	IDEV
CGDV	+ 0.95	IUSV
CGDV	+ 0.95	EEM

High negative correlations

DVY	- 0.73	IYW
IYW	- 0.62	USMV
IWP	- 0.6	DVY
EWJ	- 0.58	IYW
IYW	- 0.49	IDEV
EEM	- 0.46	IYW

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
USMV	0.36	0.03	0.13	0.04	0.41	-0.36	0.85	-0.75	2.03
IUSV	0.48	0.03	0.07	0.00	0.65	-0.49	0.97	-1.11	2.71
IDEV	0.68	0.08	0.07	0.05	1.06	-0.61	1.20	-1.53	5.16
IYW	1.03	-0.09	0.00	-0.13	0.00	0.00	1.81	-2.35	6.02
EEM	0.95	0.12	0.08	0.08	1.41	-0.93	1.98	-2.22	7.80
DVY	0.54	0.14	0.25	0.17	0.45	-0.63	1.42	-0.90	3.04
EWJ	0.91	0.10	0.08	0.06	1.26	-0.95	2.11	-2.11	7.57
MDY	0.72	0.07	0.06	0.02	0.90	-0.77	1.44	-1.72	5.55
IWP	0.85	-0.06	0.00	-0.10	0.00	0.00	1.39	-2.25	5.81
CGDV	0.54	0.03	0.05	0.00	0.83	-0.48	0.86	-1.32	4.27

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