IShares Core Correlations

IEFA Etf

USD 89.94 0.14 0.16%

The current 90-days correlation between iShares Core MSCI and Vanguard Small Cap Index is 0.78 (i.e., Poor diversification). The correlation of IShares Core 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 Core Correlation With Market

Very poor diversification

The correlation between iShares Core MSCI and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Core MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.97	VEU	Vanguard FTSE All	Pair Corr
1.0	EFA	iShares MSCI EAFE	Pair Corr
0.98	IXUS	iShares Core MSCI	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.99	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
1.0	JIRE	JP Morgan Exchange	Pair Corr
0.97	DFAX	Dimensional World	Pair Corr
0.65	JNUG	Direxion Daily Junior	Pair Corr
0.71	MUU	Direxion Daily MU Trending	Pair Corr
0.63	NUGT	Direxion Daily Gold	Pair Corr
0.71	MULL	GraniteShares 2x Long Trending	Pair Corr
0.75	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.69	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.66	SHNY	Microsectors Gold	Pair Corr
0.74	SIXS	6 Meridian Small	Pair Corr
0.76	AGEM	abrdn Emerging Markets	Pair Corr
0.83	CPER	United States Copper Buyout Trend	Pair Corr
0.81	USCL	iShares Climate Conscious	Pair Corr
0.8	PBJA	PGIM Rock ETF	Pair Corr
0.84	CPSU	Calamos SP 500	Pair Corr
0.89	SCZ	iShares MSCI EAFE	Pair Corr
0.7	GBUG	Sprott Active Gold	Pair Corr
0.93	ITDJ	iShares Trust	Pair Corr
0.88	CSD	Invesco SP Spin	Pair Corr
0.77	FTBI	First Trust Exchange	Pair Corr
0.68	JADE	JP Morgan Exchange	Pair Corr
0.82	QLC	FlexShares Quality Large	Pair Corr
0.77	AVUV	Avantis Small Cap	Pair Corr
0.88	QQJG	Invesco ESG NASDAQ	Pair Corr
0.82	FLCV	Federated Hermes ETF	Pair Corr
0.71	PLTM	GraniteShares Platinum Buyout Trend	Pair Corr

Related Correlations Analysis

	VSCIX	VB	IEMG	IWF	VWO	VEMAX	AGG	VGT	IDEV	IJH
VSCIX		1.0	0.34	0.51	0.25	0.08	0.29	0.42	0.86	0.98	VSCIX
VB	1.0		0.34	0.52	0.26	0.09	0.28	0.43	0.86	0.98	VB
IEMG	0.34	0.34		0.87	0.89	0.76	0.38	0.85	0.5	0.29	IEMG
IWF	0.51	0.52	0.87		0.77	0.67	0.28	0.95	0.51	0.46	IWF
VWO	0.25	0.26	0.89	0.77		0.91	0.17	0.82	0.29	0.18	VWO
VEMAX	0.08	0.09	0.76	0.67	0.91		0.08	0.77	0.07	-0.01	VEMAX
AGG	0.29	0.28	0.38	0.28	0.17	0.08		0.19	0.39	0.26	AGG
VGT	0.42	0.43	0.85	0.95	0.82	0.77	0.19		0.4	0.34	VGT
IDEV	0.86	0.86	0.5	0.51	0.29	0.07	0.39	0.4		0.87	IDEV
IJH	0.98	0.98	0.29	0.46	0.18	-0.01	0.26	0.34	0.87		IJH
	VSCIX	VB	IEMG	IWF	VWO	VEMAX	AGG	VGT	IDEV	IJH

Please upgrade your account to get full access to Macroaxis premium features

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

VB	+ 1.0	VSCIX
IJH	+ 0.98	VSCIX
IJH	+ 0.98	VB
VGT	+ 0.95	IWF
VEMAX	+ 0.91	VWO
VWO	+ 0.89	IEMG

High negative correlations

IJH

- 0.01

VEMAX

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
VSCIX	0.83	(0.04)	(0.02)	0.03	1.07	(0.77)	1.59	(1.75)	4.28
VB	0.82	(0.05)	(0.02)	0.03	1.10	(0.78)	1.61	(1.77)	4.21
IEMG	0.68	(0.01)	(0.03)	0.05	0.91	(0.73)	1.31	(1.17)	4.72
IWF	0.75	(0.03)	(0.03)	0.04	1.14	(0.72)	1.64	(1.79)	4.33
VWO	0.61	(0.04)	(0.07)	0.02	0.85	(0.67)	1.20	(1.15)	4.33
VEMAX	0.59	(0.06)	0.00	(0.02)	0.00	0.00	1.15	(1.12)	3.99
AGG	0.15	0.00	(0.34)	0.09	0.13	(0.17)	0.32	(0.30)	0.89
VGT	1.00	(0.04)	(0.01)	0.04	1.70	(0.86)	2.01	(2.82)	5.78
IDEV	0.57	0.02	0.01	0.09	0.69	(0.56)	1.12	(1.20)	2.70
IJH	0.76	(0.04)	(0.03)	0.04	1.01	(0.73)	1.87	(1.65)	3.85

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