IShares MSCI Correlations

ACWI Etf

USD 123.62 0.02 0.02%

The current 90-days correlation between iShares MSCI ACWI and iShares MSCI ACWI is 0.85 (i.e., Very poor diversification). The correlation of IShares MSCI 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 MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI ACWI and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI ACWI and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares MSCI ACWI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

1.0	VT	Vanguard Total World	Pair Corr
0.81	ACWV	iShares MSCI Global	Pair Corr
0.69	IOO	iShares Global 100	Pair Corr
1.0	URTH	iShares MSCI World	Pair Corr
1.0	CRBN	iShares MSCI ACWI	Pair Corr
0.93	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.99	KOKU	Xtrackers MSCI Kokusai	Pair Corr
1.0	SPGM	SPDR Portfolio MSCI	Pair Corr
0.74	PMBS	PIMCO Mortgage Backed	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.75	T	ATT Inc Aggressive Push	Pair Corr
0.66	WMT	Walmart Earnings Call This Week	Pair Corr
0.65	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against IShares Etf

0.45

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	ACWX	AAXJ	SCZ	EMB	IWB
ACWX		0.73	0.98	0.88	0.87	ACWX
AAXJ	0.73		0.75	0.66	0.62	AAXJ
SCZ	0.98	0.75		0.92	0.87	SCZ
EMB	0.88	0.66	0.92		0.85	EMB
IWB	0.87	0.62	0.87	0.85		IWB
	ACWX	AAXJ	SCZ	EMB	IWB

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACWX	0.54	0.04	0.06	0.10	0.73	(0.56)	1.18	(1.10)	3.35
AAXJ	0.68	(0.01)	(0.01)	(0.02)	0.98	(0.64)	1.28	(2.01)	4.49
SCZ	0.57	0.03	0.04	0.07	0.70	(0.64)	1.36	(1.11)	3.86
EMB	0.30	0.00	0.01	0.02	0.37	(0.34)	0.70	(0.52)	2.43
IWB	0.58	0.03	0.03	0.06	0.85	(0.54)	1.08	(1.33)	3.88

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