IShares Edge Correlations

MVOL ETF

CHF 57.99 0.21 0.36%

Low or negative correlation with other holdings can meaningfully reduce portfolio drawdowns during market stress. The current 90-days correlation between iShares Edge MSCI and iShares MSCI Korea is 0.02 (i.e., Very good diversification).

IShares Edge Market Correlation Overview

Excellent diversification

Across the chosen horizon, IShares Edge and Dow Jones show a correlation of -0.13 and fall into the Excellent diversification bucket. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

This view shows how IShares Edge aligns with related instruments based on correlation data. The dataset is based on historical price relationships and return patterns.

Moving Against IShares ETF

0.4

WRDUSA

UBSFund Solutions MSCI

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.33	0.16	0.51	-0.21	0.37	0.22	0.42	-0.22	-0.35	META
MSFT	0.33		0.83	0.36	-0.93	0.84	0.96	0.69	-0.9	-0.96	MSFT
UBER	0.16	0.83		0.24	-0.9	0.8	0.81	0.52	-0.81	-0.8	UBER
F	0.51	0.36	0.24		-0.36	0.68	0.24	0.61	-0.04	-0.46	F
T	-0.21	-0.93	-0.9	-0.36		-0.85	-0.87	-0.58	0.87	0.89	T
A	0.37	0.84	0.8	0.68	-0.85		0.77	0.8	-0.65	-0.89	A
CRM	0.22	0.96	0.81	0.24	-0.87	0.77		0.7	-0.89	-0.94	CRM
JPM	0.42	0.69	0.52	0.61	-0.58	0.8	0.7		-0.46	-0.77	JPM
MRK	-0.22	-0.9	-0.81	-0.04	0.87	-0.65	-0.89	-0.46		0.83	MRK
XOM	-0.35	-0.96	-0.8	-0.46	0.89	-0.89	-0.94	-0.77	0.83		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.96	MSFT
XOM	+ 0.89	T
MRK	+ 0.87	T
A	+ 0.84	MSFT
UBER	+ 0.83	MSFT
XOM	+ 0.83	MRK

High negative correlations

XOM	- 0.96	MSFT
XOM	- 0.94	CRM
T	- 0.93	MSFT
T	- 0.9	UBER
MRK	- 0.9	MSFT
MRK	- 0.89	CRM

IShares Edge Competition Risk-Adjusted Indicators

Return momentum in IShares ETF is more useful when tested against peer-relative fundamentals and risk. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.60	-0.18	0.00	-0.23	0.00	0.00	2.33	-2.95	14.24
MSFT	1.29	-0.38	0.00	-0.81	0.00	0.00	2.19	-2.87	13.28
UBER	1.55	-0.16	0.00	0.26	0.00	0.00	3.18	-3.60	11.09
F	1.35	-0.12	0.00	-0.19	0.00	0.00	3.61	-3.07	10.01
T	1.10	0.28	0.25	-1.83	1.14	-1.20	3.87	-1.92	8.53
A	1.23	-0.28	0.00	-2.65	0.00	0.00	2.48	-3.01	7.20
CRM	1.88	-0.44	0.00	-0.88	0.00	0.00	3.41	-6.09	10.53
JPM	1.13	-0.02	0.00	-0.09	0.00	0.00	2.02	-2.63	8.17
MRK	1.13	0.30	0.25	0.50	1.13	-1.31	2.58	-1.94	7.29
XOM	1.29	0.54	0.41	208.85	1.06	-1.52	2.90	-2.12	6.83

Be Your Own Money Manager

A disciplined portfolio workflow around iShares Edge MSCI should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

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