IShares MSCI Correlations

EFG Etf

USD 112.52 0.50 0.44%

The current 90-days correlation between iShares MSCI EAFE and iShares MSCI EAFE is -0.05 (i.e., Good 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

Poor diversification

The correlation between iShares MSCI EAFE and DJI is 0.71 (i.e., Poor 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

0.87	VIGI	Vanguard International	Pair Corr
0.76	CGXU	Capital Group Intern	Pair Corr
0.67	DNL	WisdomTree Global	Pair Corr
0.68	FPXI	First Trust International	Pair Corr
0.87	IQDG	WisdomTree International Low Volatility	Pair Corr
0.67	PIZ	Invesco DWA Developed	Pair Corr
0.96	IDHQ	Invesco SP International	Pair Corr
0.62	MAPP	Harbor ETF Trust	Pair Corr
0.68	SNPD	DBX ETF Trust	Pair Corr
0.71	SPMV	Invesco SP 500	Pair Corr
0.66	FNDX	Schwab Fundamental Large	Pair Corr
0.71	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.61	FXA	Invesco CurrencyShares	Pair Corr

Related Correlations Analysis

	EFV	SCZ	IWP	EWN	EWQ
EFV		0.73	0.72	-0.03	0.44	EFV
SCZ	0.73		0.53	0.06	0.59	SCZ
IWP	0.72	0.53		-0.22	0.25	IWP
EWN	-0.03	0.06	-0.22		0.58	EWN
EWQ	0.44	0.59	0.25	0.58		EWQ
	EFV	SCZ	IWP	EWN	EWQ

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

SCZ	+ 0.73	EFV
IWP	+ 0.72	EFV
EWQ	+ 0.59	SCZ
EWQ	+ 0.58	EWN
IWP	+ 0.53	SCZ
EWQ	+ 0.44	EFV

High negative correlations

EWN	- 0.22	IWP
EWN	- 0.03	EFV

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
EFV	0.61	0.12	0.01	(1.36)	0.62	(0.66)	1.25	(1.30)	4.33
SCZ	0.58	0.04	0.02	0.17	0.54	(0.64)	1.25	(1.10)	3.17
IWP	0.72	0.12	(0.03)	(0.34)	0.62	(0.81)	1.54	(1.07)	3.37
EWN	0.71	(0.08)	(0.11)	0.01	0.86	(0.83)	1.65	(1.80)	4.20
EWQ	0.82	(0.08)	(0.07)	0.03	1.11	(0.79)	1.32	(1.69)	5.63

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC