IShares MSCI Correlations

IMTM Etf

USD 50.05 0.07 0.14%

The current 90-days correlation between iShares MSCI Intl and iShares MSCI Canada is 0.78 (i.e., Poor 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

Poor diversification

The correlation between iShares MSCI Intl and DJI is 0.74 (i.e., 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 real.

Moving together with IShares Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.98	IEFA	iShares Core MSCI	Pair Corr
0.93	VEU	Vanguard FTSE All	Pair Corr
0.98	EFA	iShares MSCI EAFE	Pair Corr
0.97	IXUS	iShares Core MSCI	Pair Corr
0.98	SPDW	SPDR SP World	Pair Corr
0.98	IDEV	iShares Core MSCI	Pair Corr
0.97	ESGD	iShares ESG Aware	Pair Corr
0.98	JIRE	JP Morgan Exchange	Pair Corr
0.98	DFAX	Dimensional World	Pair Corr
0.94	AGQ	ProShares Ultra Silver	Pair Corr
0.9	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.62	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.72	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.68	AXP	American Express	Pair Corr
0.63	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.82	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against IShares Etf

0.52	FNGO	MicroSectors FANG Index	Pair Corr
0.52	FNGG	Direxion Daily Select	Pair Corr
0.48	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.43	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.41	DAPP	VanEck Digital Trans	Pair Corr
0.74	PG	Procter Gamble Earnings Call Next Week	Pair Corr
0.72	T	ATT Inc	Pair Corr
0.67	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	EWC	IVLU	DON	AAXJ	CGDG	XT	ITB	EMLP	DEM	EAGL
EWC		0.96	0.9	0.44	0.88	0.77	0.1	0.23	0.81	0.84	EWC
IVLU	0.96		0.88	0.53	0.92	0.8	0.05	0.23	0.91	0.84	IVLU
DON	0.9	0.88		0.48	0.83	0.78	0.43	0.24	0.75	0.89	DON
AAXJ	0.44	0.53	0.48		0.64	0.8	0.19	-0.07	0.73	0.74	AAXJ
CGDG	0.88	0.92	0.83	0.64		0.84	0.15	0.23	0.89	0.85	CGDG
XT	0.77	0.8	0.78	0.8	0.84		0.27	-0.03	0.84	0.94	XT
ITB	0.1	0.05	0.43	0.19	0.15	0.27		0.23	0.05	0.36	ITB
EMLP	0.23	0.23	0.24	-0.07	0.23	-0.03	0.23		0.29	-0.01	EMLP
DEM	0.81	0.91	0.75	0.73	0.89	0.84	0.05	0.29		0.8	DEM
EAGL	0.84	0.84	0.89	0.74	0.85	0.94	0.36	-0.01	0.8		EAGL
	EWC	IVLU	DON	AAXJ	CGDG	XT	ITB	EMLP	DEM	EAGL

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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

IVLU	+ 0.96	EWC
EAGL	+ 0.94	XT
CGDG	+ 0.92	IVLU
DEM	+ 0.91	IVLU
DON	+ 0.9	EWC
EAGL	+ 0.89	DON

High negative correlations

EMLP	- 0.07	AAXJ
EMLP	- 0.03	XT
EAGL	- 0.01	EMLP

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
EWC	0.71	0.07	0.06	0.17	0.81	(0.73)	1.35	(1.40)	3.72
IVLU	0.56	0.11	0.11	0.22	0.57	(0.63)	1.24	(1.20)	2.81
DON	0.63	(0.01)	(0.02)	0.07	0.71	(0.67)	1.60	(1.09)	3.24
AAXJ	0.79	0.03	0.02	0.12	0.90	(0.90)	1.70	(1.35)	4.91
CGDG	0.54	0.06	(0.02)	0.47	0.57	(0.61)	0.95	(0.99)	2.48
XT	0.78	(0.02)	(0.01)	0.07	1.05	(0.82)	1.55	(1.73)	4.30
ITB	1.18	0.01	0.03	0.09	1.14	(1.46)	4.22	(2.13)	7.41
EMLP	0.47	0.00	(0.11)	0.08	0.53	(0.46)	0.85	(0.87)	2.04
DEM	0.47	0.03	0.00	0.14	0.65	(0.50)	1.01	(0.82)	3.58
EAGL	0.67	0.00	0.01	0.09	0.79	(0.72)	1.56	(1.34)	3.05

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