UBS MSCI Correlations

ACWIE Etf

EUR 256.40 0.55 0.21%

The current 90-days correlation between UBS MSCI ACWI and iShares Global Clean is 0.53 (i.e., Very weak diversification). The correlation of UBS 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. If the correlation is 0, the equities are not correlated; they are entirely random.

UBS MSCI Correlation With Market

Almost no diversification

The correlation between UBS MSCI ACWI and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS MSCI ACWI and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to UBS MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UBS MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UBS MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UBS MSCI ACWI to buy it.

Moving together with UBS Etf

0.82	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.85	CSNKY	iShares VII PLC	Pair Corr
0.88	CSSPX	iShares Core SP	Pair Corr
0.91	EIMI	iShares Core MSCI	Pair Corr
0.87	IUSA	iShares SP 500	Pair Corr
0.94	MSE	Amundi EURO STOXX	Pair Corr
0.89	AUCO	LG Gold Mining	Pair Corr
0.88	GGMUSY	UBS ETF plc	Pair Corr
0.89	GDXJ	VanEck Junior Gold	Pair Corr
0.9	IAUP	iShares Gold Producers	Pair Corr
0.89	GDX	VanEck Gold Miners	Pair Corr
0.81	SVUSA	UBS ETF Silver	Pair Corr
0.84	XMJP	Xtrackers MSCI Japan	Pair Corr
0.95	SX5D	Invesco EURO STOXX	Pair Corr
0.76	VWRL	Vanguard FTSE All	Pair Corr
0.87	HMXJ	HSBC MSCI Pacific	Pair Corr
0.92	WOPA	UBS ETF plc	Pair Corr
0.87	AASI	Amundi Index Solutions	Pair Corr
0.94	SMHV	VanEck Semiconductor	Pair Corr
0.96	EUREUA	UBS Core MSCI	Pair Corr
0.86	HMEU	HSBC MSCI Europe	Pair Corr
0.99	WRDUSW-USD	UBSETF MSCIWLD USDa	Pair Corr
0.85	SJPA	iShares Core MSCI	Pair Corr
0.84	LYFINW	Lyxor MSCI World	Pair Corr
0.66	HPAW	HSBC MSCI WORLD	Pair Corr
0.95	LYMEU	Lyxor MSCI Europe	Pair Corr
0.88	HKOR	HSBC MSCI KOREA	Pair Corr
0.89	HIEM	HSBC MSCI Emerging	Pair Corr
0.97	SXXEEX	iShares EURO STOXX	Pair Corr
0.91	AUEM	Amundi Index Solutions	Pair Corr
0.87	JPNY	Amundi Index Solutions	Pair Corr
0.88	XLIS	Invesco Industrials	Pair Corr

Moving against UBS Etf

0.56	AXRP	21Shares Ripple XRP	Pair Corr
0.54	ASOL	21Shares Solana staking	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.29	-0.34	0.39	0.14	-0.42	-0.06	0.36	0.36	0.35	META
MSFT	-0.29		0.82	-0.6	-0.77	0.76	0.87	0.08	-0.88	-0.93	MSFT
UBER	-0.34	0.82		-0.55	-0.65	0.82	0.65	-0.07	-0.8	-0.8	UBER
F	0.39	-0.6	-0.55		0.23	-0.5	-0.35	0.26	0.75	0.65	F
T	0.14	-0.77	-0.65	0.23		-0.55	-0.81	-0.16	0.59	0.68	T
A	-0.42	0.76	0.82	-0.5	-0.55		0.59	-0.01	-0.68	-0.81	A
CRM	-0.06	0.87	0.65	-0.35	-0.81	0.59		0.43	-0.69	-0.85	CRM
JPM	0.36	0.08	-0.07	0.26	-0.16	-0.01	0.43		0.2	-0.11	JPM
MRK	0.36	-0.88	-0.8	0.75	0.59	-0.68	-0.69	0.2		0.88	MRK
XOM	0.35	-0.93	-0.8	0.65	0.68	-0.81	-0.85	-0.11	0.88		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

XOM	+ 0.88	MRK
CRM	+ 0.87	MSFT
UBER	+ 0.82	MSFT
A	+ 0.82	UBER
A	+ 0.76	MSFT
MRK	+ 0.75	F

High negative correlations

XOM	- 0.93	MSFT
MRK	- 0.88	MSFT
XOM	- 0.85	CRM
XOM	- 0.81	A
CRM	- 0.81	T
XOM	- 0.8	UBER

UBS MSCI Competition Risk-Adjusted Indicators

There is a big difference between UBS Etf performing well and UBS 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 UBS 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
META	1.50	0.07	0.03	0.16	1.44	(1.78)	3.43	(2.60)	13.69
MSFT	1.29	(0.39)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.56	(0.35)	0.00	(0.63)	0.00	0.00	2.46	(3.82)	11.09
F	1.22	0.05	0.03	0.13	1.21	(1.46)	3.34	(2.30)	7.16
T	1.00	0.15	0.07	(19.14)	0.94	(1.16)	3.87	(1.76)	7.44
A	1.26	(0.35)	0.00	(0.21)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.69	(0.47)	0.00	(0.39)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.20	(0.06)	(0.02)	0.03	1.61	(1.29)	2.34	(2.63)	7.38
MRK	1.27	0.38	0.26	0.64	0.97	(1.50)	2.93	(1.98)	8.74
XOM	1.29	0.31	0.18	1.25	1.17	(1.46)	2.90	(2.44)	6.83

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