IShares MSCI Correlations

EEM Etf

USD 43.27 0.09 0.21%

The current 90-days correlation between iShares MSCI Emerging and iShares MSCI EAFE is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI Emerging and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IShares Etf

0.98	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
1.0	IEMG	iShares Core MSCI Sell-off Trend	Pair Corr
0.97	EMC	Global X Funds	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.98	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.63	DGS	WisdomTree Emerging	Pair Corr
1.0	XSOE	WisdomTree Emerging	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.79	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.71	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.71	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against IShares Etf

0.36

Procter Gamble

Pair Corr

Related Correlations Analysis

	EFA	FXI	EWZ	IWM	EWJ
EFA		-0.08	0.78	-0.5	0.87	EFA
FXI	-0.08		-0.52	0.43	-0.1	FXI
EWZ	0.78	-0.52		-0.61	0.72	EWZ
IWM	-0.5	0.43	-0.61		-0.29	IWM
EWJ	0.87	-0.1	0.72	-0.29		EWJ
	EFA	FXI	EWZ	IWM	EWJ

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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

EWJ	+ 0.87	EFA
EWZ	+ 0.78	EFA
EWJ	+ 0.72	EWZ
IWM	+ 0.43	FXI

High negative correlations

IWM	- 0.61	EWZ
EWZ	- 0.52	FXI
IWM	- 0.5	EFA
EWJ	- 0.29	IWM
EWJ	- 0.1	FXI
FXI	- 0.08	EFA

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
EFA	0.66	(0.12)	0.00	(0.16)	0.00	0.00	1.52	(1.58)	4.06
FXI	1.93	0.24	0.07	0.63	2.43	(2.20)	5.49	(3.69)	18.98
EWZ	0.93	(0.22)	0.00	(0.42)	0.00	0.00	2.22	(2.23)	5.34
IWM	0.93	0.00	0.04	0.08	0.94	(1.00)	2.06	(1.66)	7.55
EWJ	0.87	(0.13)	0.00	(0.08)	0.00	0.00	1.82	(2.04)	5.83

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