IShares MSCI Correlations

EFA Etf

USD 93.23 1.38 1.50%

The current 90-days correlation between iShares MSCI EAFE and iShares MSCI Emerging is 0.67 (i.e., Poor 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 good diversification

The correlation between iShares MSCI EAFE and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI EAFE 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 EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with IShares Etf

0.97	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.95	VEU	Vanguard FTSE All	Pair Corr
0.94	IXUS	iShares Core MSCI	Pair Corr
0.97	SPDW	SPDR SP World	Pair Corr
0.99	IDEV	iShares Core MSCI	Pair Corr
1.0	ESGD	iShares ESG Aware	Pair Corr
1.0	JIRE	JP Morgan Exchange	Pair Corr
0.92	DFAX	Dimensional World	Pair Corr
0.71	PMBS	PIMCO Mortgage Backed	Pair Corr
0.79	SIXD	AIM ETF Products	Pair Corr
0.79	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.78	CEFD	ETRACS Monthly Pay	Pair Corr
0.79	DRSK	Aptus Defined Risk	Pair Corr

Moving against IShares Etf

0.85	VXX	iPath Series B	Pair Corr
0.84	VIXY	ProShares VIX Short	Pair Corr
0.45	YCL	ProShares Ultra Yen	Pair Corr

Related Correlations Analysis

	EEM	AGG	IWM	EWJ	IWD
EEM		0.82	0.95	0.64	0.94	EEM
AGG	0.82		0.75	0.71	0.75	AGG
IWM	0.95	0.75		0.63	0.98	IWM
EWJ	0.64	0.71	0.63		0.61	EWJ
IWD	0.94	0.75	0.98	0.61		IWD
	EEM	AGG	IWM	EWJ	IWD

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
EEM	0.59	0.18	0.08	(0.59)	0.53	(0.65)	1.22	(1.23)	4.01
AGG	0.22	0.04	(0.26)	(0.50)	0.03	(0.27)	0.54	(0.36)	1.15
IWM	0.90	0.25	0.10	(0.33)	0.81	(1.03)	1.94	(1.50)	4.26
EWJ	0.83	0.16	0.02	(0.23)	0.84	(0.88)	1.77	(1.77)	6.67
IWD	0.47	0.13	0.01	(0.37)	0.41	(0.50)	0.99	(0.84)	2.34

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