IShares MSCI Correlations

EEM Etf

USD 49.86 0.24 0.48%

The current 90-days correlation between iShares MSCI Emerging and iShares MSCI EAFE is 0.68 (i.e., Poor 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 Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Poor diversification

The correlation between iShares MSCI Emerging and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in commodities.

Moving together with IShares Etf

0.99	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.97	SFGRX	Seafarer Overseas	Pair Corr
0.98	DGS	WisdomTree Emerging	Pair Corr
1.0	XSOE	WisdomTree Emerging	Pair Corr
0.97	UPRO	ProShares UltraPro SP500	Pair Corr
0.97	QTJA	Innovator ETFs Trust	Pair Corr
0.97	QTOC	Innovator ETFs Trust	Pair Corr
0.97	XTOC	Innovator ETFs Trust	Pair Corr
0.97	QTAP	Innovator Growth 100	Pair Corr
0.97	XTJA	Innovator ETFs Trust	Pair Corr
0.97	XTAP	Innovator Equity Acc	Pair Corr
0.86	MSFT	Microsoft	Pair Corr
0.88	CVX	Chevron Corp	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.72	MMM	3M Company	Pair Corr
0.8	BAC	Bank of America Aggressive Push	Pair Corr
0.9	JPM	JPMorgan Chase	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.81	BA	Boeing	Pair Corr
0.62	INTC	Intel	Pair Corr
0.81	MRK	Merck Company	Pair Corr

Moving against IShares Etf

0.67	PG	Procter Gamble	Pair Corr
0.45	KO	Coca Cola	Pair Corr
0.42	IBM	International Business	Pair Corr

Related Correlations Analysis

	EFA	FXI	EWZ	IWM	EWJ
EFA		0.79	0.47	0.86	0.89	EFA
FXI	0.79		0.18	0.86	0.67	FXI
EWZ	0.47	0.18		0.46	0.41	EWZ
IWM	0.86	0.86	0.46		0.69	IWM
EWJ	0.89	0.67	0.41	0.69		EWJ
	EFA	FXI	EWZ	IWM	EWJ

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
EFA	0.59	(0.02)	(0.05)	0.09	0.62	(0.63)	1.22	(1.23)	4.09
FXI	0.93	0.06	0.03	0.20	0.92	(1.09)	1.98	(1.74)	5.58
EWZ	1.02	0.04	0.01	0.16	1.20	(1.06)	2.46	(1.92)	6.00
IWM	0.88	0.04	0.09	0.14	0.79	(0.99)	1.94	(1.50)	4.97
EWJ	0.82	0.00	(0.01)	0.11	0.82	(0.88)	1.77	(1.27)	6.67

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