IShares MSCI Correlations

EEM Etf

USD 54.18 0.01 0.02%

The current 90-days correlation between iShares MSCI Emerging and iShares MSCI Japan is 0.63 (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
0.99	EMC	Global X Funds	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging	Pair Corr
0.98	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.94	SFGRX	Seafarer Overseas	Pair Corr
0.83	DGS	WisdomTree Emerging	Pair Corr
1.0	XSOE	WisdomTree Emerging	Pair Corr
0.88	USD	ProShares Ultra Semi	Pair Corr
0.96	BULZ	MicroSectors Solactive	Pair Corr
0.9	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.92	FNGO	MicroSectors FANG Index	Pair Corr
0.95	GDXU	MicroSectors Gold Miners	Pair Corr
0.94	JNUG	Direxion Daily Junior	Pair Corr
0.95	NUGT	Direxion Daily Gold	Pair Corr
0.92	FNGG	Direxion Daily Select	Pair Corr
0.94	GDMN	WisdomTree Efficient Gold	Pair Corr
0.94	PJUN	Innovator SP 500	Pair Corr
0.96	AUGZ	TrueShares Structured	Pair Corr
0.81	LITP	Sprott Lithium Miners	Pair Corr
0.9	GLD	SPDR Gold Shares	Pair Corr
0.89	ANEW	ProShares MSCI Trans	Pair Corr
0.83	CAT	Caterpillar	Pair Corr
0.92	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.78	BAC	Bank of America	Pair Corr

Moving against IShares Etf

0.74	BA	Boeing	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.37	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EWJ	IYW	IWP	ACWI	MTUM	IDEV	COWZ	SCHA	AVUV	FNDX
EWJ		0.74	0.54	0.87	0.81	0.94	0.65	0.83	0.76	0.86	EWJ
IYW	0.74		0.57	0.95	0.95	0.84	0.41	0.84	0.62	0.87	IYW
IWP	0.54	0.57		0.67	0.66	0.6	0.69	0.77	0.79	0.71	IWP
ACWI	0.87	0.95	0.67		0.94	0.96	0.65	0.95	0.81	0.97	ACWI
MTUM	0.81	0.95	0.66	0.94		0.86	0.48	0.87	0.72	0.89	MTUM
IDEV	0.94	0.84	0.6	0.96	0.86		0.71	0.92	0.82	0.95	IDEV
COWZ	0.65	0.41	0.69	0.65	0.48	0.71		0.78	0.9	0.78	COWZ
SCHA	0.83	0.84	0.77	0.95	0.87	0.92	0.78		0.93	0.98	SCHA
AVUV	0.76	0.62	0.79	0.81	0.72	0.82	0.9	0.93		0.91	AVUV
FNDX	0.86	0.87	0.71	0.97	0.89	0.95	0.78	0.98	0.91		FNDX
	EWJ	IYW	IWP	ACWI	MTUM	IDEV	COWZ	SCHA	AVUV	FNDX

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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
EWJ	0.87	0.13	0.13	0.17	0.81	(1.08)	1.85	(1.27)	8.72
IYW	0.76	0.10	0.08	0.16	1.01	(0.81)	1.57	(1.50)	6.12
IWP	0.69	(0.04)	(0.05)	0.01	0.83	(0.75)	1.43	(1.21)	4.90
ACWI	0.47	0.05	0.06	0.10	0.54	(0.50)	1.19	(0.65)	4.26
MTUM	0.55	0.05	0.05	0.12	0.52	(0.69)	1.21	(1.04)	4.76
IDEV	0.55	0.05	0.06	0.11	0.55	(0.59)	1.12	(0.89)	3.92
COWZ	0.54	(0.03)	(0.04)	0.02	0.65	(0.59)	1.29	(1.06)	4.17
SCHA	0.81	0.02	0.04	0.06	0.83	(0.94)	2.13	(1.25)	6.65
AVUV	0.90	(0.04)	0.00	0.03	1.04	(1.04)	2.01	(1.82)	7.47
FNDX	0.43	0.04	0.05	0.09	0.43	(0.50)	1.17	(0.69)	3.95

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