IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Emerging
EEMV Etf  USD 59.55  0.07  0.12%   
The current 90-days correlation between iShares MSCI Emerging and iShares MSCI Global is 0.6 (i.e., 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI Emerging and DJI is 0.25 (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 population.

Moving together with IShares Etf

  0.88VWO Vanguard FTSE EmergingPairCorr
  0.94IEMG iShares Core MSCI Sell-off TrendPairCorr
  0.94EMC Global X FundsPairCorr
  0.93EEM iShares MSCI Emerging Sell-off TrendPairCorr
  0.87SPEM SPDR Portfolio EmergingPairCorr
  0.86FNDE Schwab FundamentalPairCorr
  0.93ESGE iShares ESG AwarePairCorr
  0.82DGS WisdomTree EmergingPairCorr
  0.91XSOE WisdomTree EmergingPairCorr
  0.67EMXC iShares MSCI EmergingPairCorr
  0.65VEA Vanguard FTSE DevelopedPairCorr
  0.62CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.72GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.63MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.71IBM International Business Fiscal Year End 22nd of January 2025 PairCorr

Moving against IShares Etf

  0.37JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr

Related Correlations Analysis

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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   
VUS
+ 0.83
USMV
USMV
+ 0.69
ACWV
ZFL
+ 0.62
EFAV
VUS
+ 0.37
ACWV
EFAV
+ 0.33
ACWV
  
High negative correlations   
VUS
- 0.72
EFAV
VUS
- 0.62
ZFL
USMV
- 0.43
ZFL
USMV
- 0.37
EFAV
ZFL
- 0.08
ACWV

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.

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