IShares MSCI Correlations

EWY Etf

USD 66.50 0.00 0.00%

The current 90-days correlation between iShares MSCI South and iShares MSCI Taiwan is 0.84 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Poor diversification

The correlation between iShares MSCI South and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI South 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 South. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

0.9	BBCA	JPMorgan BetaBuilders	Pair Corr
0.9	EWC	iShares MSCI Canada	Pair Corr
0.91	EWU	iShares MSCI United	Pair Corr
0.9	EWA	iShares MSCI Australia	Pair Corr
0.89	EWL	iShares MSCI Switzerland	Pair Corr
0.92	EWG	iShares MSCI Germany Sell-off Trend	Pair Corr
0.87	EWQ	iShares MSCI France	Pair Corr
0.8	EWW	iShares MSCI Mexico	Pair Corr
0.87	USD	ProShares Ultra Semi	Pair Corr
0.78	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.91	FNGO	MicroSectors FANG Index	Pair Corr
0.85	DUSL	Direxion Daily Indus	Pair Corr
0.94	DFEN	Direxion Daily Aerospace	Pair Corr
0.74	SPXL	Direxion Daily SP500	Pair Corr
0.81	TECL	Direxion Daily Technology	Pair Corr
0.74	UPRO	ProShares UltraPro SP500	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.86	MSFT	Microsoft	Pair Corr
0.86	AXP	American Express	Pair Corr
0.94	GE	GE Aerospace	Pair Corr
0.84	BAC	Bank of America	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.84	TRV	The Travelers Companies	Pair Corr
0.77	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.83	IBM	International Business	Pair Corr

Moving against IShares Etf

0.43

KSA

iShares MSCI Saudi

Pair Corr

Related Correlations Analysis

	EWT	EWS	EWW	EWH	EWA
EWT		0.88	0.65	0.95	0.82	EWT
EWS	0.88		0.88	0.89	0.97	EWS
EWW	0.65	0.88		0.67	0.91	EWW
EWH	0.95	0.89	0.67		0.82	EWH
EWA	0.82	0.97	0.91	0.82		EWA
	EWT	EWS	EWW	EWH	EWA

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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
EWT	1.47	0.08	0.04	0.07	2.11	(1.39)	3.95	(3.28)	12.66
EWS	1.04	0.14	0.07	0.15	1.80	(1.00)	2.05	(2.69)	13.18
EWW	1.33	0.29	0.13	0.45	1.84	(1.37)	3.02	(2.80)	12.02
EWH	1.01	0.11	0.07	0.19	1.59	(1.07)	2.25	(1.97)	7.66
EWA	1.11	0.13	0.06	0.13	1.80	(1.17)	2.13	(1.97)	11.57

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