IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Intl
IMTM Etf  USD 44.84  0.49  1.10%   
The current 90-days correlation between iShares MSCI Intl and iShares MSCI Intl is 0.98 (i.e., Almost no 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 Intl moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Very poor diversification

The correlation between iShares MSCI Intl and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Intl 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 MSCI Intl. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with IShares Etf

  0.92VEA Vanguard FTSE DevelopedPairCorr
  0.99IEFA iShares Core MSCIPairCorr
  0.99VEU Vanguard FTSE AllPairCorr
  0.99EFA iShares MSCI EAFEPairCorr
  0.99IXUS iShares Core MSCIPairCorr
  1.0SPDW SPDR SP WorldPairCorr
  1.0IDEV iShares Core MSCIPairCorr
  0.99ESGD iShares ESG AwarePairCorr
  0.99JIRE JP Morgan ExchangePairCorr
  0.99DFAX Dimensional WorldPairCorr
  0.87MSTY YieldMax MSTR OptionPairCorr
  0.76JNUG Direxion Daily JuniorPairCorr
  0.96AVES Avantis Emerging MarketsPairCorr
  0.83NFLX NetflixPairCorr
  0.89GE GE AerospacePairCorr
  0.78IBM International BusinessPairCorr
  0.76MMM 3M CompanyPairCorr
  0.89BAC Bank of America Aggressive PushPairCorr
  0.82DIS Walt DisneyPairCorr
  0.89BA BoeingPairCorr
  0.86CAT CaterpillarPairCorr

Moving against IShares Etf

  0.77WTID UBS ETRACSPairCorr

Related Correlations Analysis

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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.

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