IShares Edge Correlations

Etfs Switzerland . 
Etf . iShares Edge MSCI
DMFC Etf  CHF 9.30  0.03  0.32%   
The current 90-days correlation between iShares Edge MSCI and iShares MSCI Japan is 0.22 (i.e., Modest diversification). The correlation of IShares Edge 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.

IShares Edge Correlation With Market

Very poor diversification

The correlation between iShares Edge MSCI and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Edge MSCI and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IShares Edge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Edge 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 IShares Edge - 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 iShares Edge MSCI to buy it.

Moving together with IShares Etf

  0.83IUSE iShares SP 500PairCorr
  0.8XEOU Xtrackers MSCI EuropePairCorr
  0.88IWDE iShares MSCI WorldPairCorr
  0.77USEUWH UBS ETF plcPairCorr
  0.67USCHWH UBS ETF plcPairCorr
  0.89IWDC iShares MSCI WorldPairCorr
  0.72IAEX iShares AEX UCITSPairCorr
  0.76SWUSAH UBS ETF MSCIPairCorr
  0.74IJPC iShares MSCI JapanPairCorr
  0.72IJPE iShares MSCI JapanPairCorr
  0.77SMMCHA UBS ETF SMIMPairCorr
  0.83AWSRIS UBS ETF plcPairCorr
  0.68ZGLD ZKB Gold ETFPairCorr
  0.66AUHEUA UBS ETF plcPairCorr
  0.66FACH Invesco High YieldPairCorr
  0.79EUFM UBSFund Solutions MSCIPairCorr
  0.75GLUG LG Clean WaterPairCorr
  0.77SX7EEX iShares EURO STOXXPairCorr
  0.77SPICHA UBS ETF SPIPairCorr
  0.76MDAXEX iShares MDAX UCITSPairCorr
  0.89ACWIE UBS MSCI ACWIPairCorr
  0.78IDP6 iShares SP SmallCapPairCorr
  0.66VWRL Vanguard FTSE AllPairCorr
  0.71UT1US UBSFund SolutionsPairCorr
  0.69FLXK Franklin FTSE KoreaPairCorr
  0.67IKOR iShares MSCI KoreaPairCorr
  0.81USVUSY UBS ETF plcPairCorr
  0.78USFMA UBS ETF plcPairCorr
  0.75SHEME UBSFund SolutionsPairCorr
  0.83CBMDAX Amundi Index SolutionsPairCorr
  0.79MXUS Invesco MSCI USAPairCorr
  0.73HYLC iShares Global HighPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Edge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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