IShares MSCI Correlations

XMU Etf

CAD 86.15 0.44 0.51%

Monitoring how the stock's correlations evolve over time is a practical forward-looking risk management step. The current 90-days correlation between iShares MSCI Min and Hamilton Gold Producer is 0.34 (i.e., Moderate diversification).

IShares MSCI Market Linkage

Weak diversification

IShares MSCI currently posts a 0.47 correlation with Dow Jones, indicating a Weak diversification relationship for the active sample. A 0.47 reading means IShares MSCI and Dow Jones have partial price overlap, offering some diversification benefit.

This dataset outlines how IShares MSCI behaves relative to comparable instruments. Wash sale provisions may affect replacement decisions involving similar securities.

Moving together with IShares Etf

0.63	XSB	iShares Canadian Short	Pair Corr
0.62	ZGD	BMO Equal Weight	Pair Corr

Related Correlations Analysis

	XUSR	XMD	TPRF	HUTL	XMH	XCSR	EGIF	XMV	HSH	AMAX
XUSR		0.04	-0.41	-0.63	0.36	0.82	-0.57	-0.19	0.87	0.35	XUSR
XMD	0.04		0.63	0.6	0.78	0.27	0.64	0.82	0.21	0.92	XMD
TPRF	-0.41	0.63		0.84	0.34	-0.22	0.68	0.88	-0.38	0.38	TPRF
HUTL	-0.63	0.6	0.84		0.35	-0.47	0.88	0.78	-0.52	0.29	HUTL
XMH	0.36	0.78	0.34	0.35		0.35	0.39	0.56	0.49	0.77	XMH
XCSR	0.82	0.27	-0.22	-0.47	0.35		-0.49	0.1	0.79	0.55	XCSR
EGIF	-0.57	0.64	0.68	0.88	0.39	-0.49		0.62	-0.44	0.37	EGIF
XMV	-0.19	0.82	0.88	0.78	0.56	0.1	0.62		-0.16	0.64	XMV
HSH	0.87	0.21	-0.38	-0.52	0.49	0.79	-0.44	-0.16		0.49	HSH
AMAX	0.35	0.92	0.38	0.29	0.77	0.55	0.37	0.64	0.49		AMAX
	XUSR	XMD	TPRF	HUTL	XMH	XCSR	EGIF	XMV	HSH	AMAX

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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

AMAX	+ 0.92	XMD
XMV	+ 0.88	TPRF
EGIF	+ 0.88	HUTL
HSH	+ 0.87	XUSR
HUTL	+ 0.84	TPRF
XCSR	+ 0.82	XUSR

High negative correlations

HUTL	- 0.63	XUSR
EGIF	- 0.57	XUSR
HSH	- 0.52	HUTL
EGIF	- 0.49	XCSR
XCSR	- 0.47	HUTL
HSH	- 0.44	EGIF

IShares MSCI Constituents Risk-Adjusted Indicators

IShares MSCI ETF can look attractive on recent price action while risk efficiency lags the peer group. Without risk-adjusted context, investors may overweight short-term returns and underweight the volatility required to achieve them. 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
XUSR	0.87	0.02	0.00	-0.04	0.00	0.00	1.71	-2.26	5.77
XMD	1.20	0.16	0.07	0.10	2.04	-1.03	2.29	-3.50	7.14
TPRF	0.15	0.01	0.29	0.31	0.11	-0.18	0.32	-0.32	1.03
HUTL	0.51	0.17	0.31	0.95	0.42	-0.59	1.06	-0.88	4.13
XMH	0.79	0.08	0.08	0.03	1.05	-0.79	1.57	-1.87	5.83
XCSR	0.90	-0.04	0.00	-0.10	0.00	0.00	1.71	-2.00	5.03
EGIF	0.23	0.12	0.00	1.93	0.00	0.00	0.26	0.00	6.40
XMV	0.48	0.06	0.14	0.10	0.60	-0.49	1.06	-1.16	2.83
HSH	0.63	-0.01	0.00	-0.07	0.00	0.00	0.96	-1.39	3.73
AMAX	2.27	0.12	0.02	0.02	3.86	-2.06	4.26	-5.97	15.28

Be your own money manager

Optimization tools can help investors judge whether capital allocated to iShares MSCI Min is being used efficiently relative to other opportunities in the same equity universe. The better process compares expected return, volatility, and correlation before the position is increased or introduced.

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