IShares MSCI Correlations

EFG Etf

USD 98.30 0.17 0.17%

The current 90-days correlation between iShares MSCI EAFE and iShares MSCI EAFE is 0.86 (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 EAFE and DJI is 0.49 (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 EAFE 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 EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

0.97	VIGI	Vanguard International	Pair Corr
0.91	IHDG	WisdomTree International	Pair Corr
0.86	IMTM	iShares MSCI Intl	Pair Corr
0.88	CGXU	Capital Group Intern	Pair Corr
0.98	DNL	WisdomTree Global	Pair Corr
0.98	IQDG	WisdomTree International	Pair Corr
0.98	IDHQ	Invesco SP International	Pair Corr
0.75	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.85	KO	Coca Cola Aggressive Push	Pair Corr

Moving against IShares Etf

0.76	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.59	FNGS	MicroSectors FANG ETN	Pair Corr
0.57	FNGU	MicroSectors FANG Index Sell-off Trend	Pair Corr
0.57	FNGO	MicroSectors FANG Index	Pair Corr
0.49	AMUB	UBS AG London	Pair Corr
0.42	PPA	Invesco Aerospace Defense	Pair Corr
0.39	QLD	ProShares Ultra QQQ Sell-off Trend	Pair Corr
0.78	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.74	STCE	Schwab Strategic Trust	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.7	DIS	Walt Disney Aggressive Push	Pair Corr
0.59	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.51	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.47	SPY	SPDR SP 500	Pair Corr
0.47	VOO	Vanguard SP 500	Pair Corr
0.47	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.37	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	EFV	SCZ	IWP	EWN	EWQ
EFV		0.97	-0.6	0.89	0.95	EFV
SCZ	0.97		-0.59	0.91	0.93	SCZ
IWP	-0.6	-0.59		-0.73	-0.73	IWP
EWN	0.89	0.91	-0.73		0.95	EWN
EWQ	0.95	0.93	-0.73	0.95		EWQ
	EFV	SCZ	IWP	EWN	EWQ

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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

SCZ	+ 0.97	EFV
EWQ	+ 0.95	EFV
EWQ	+ 0.95	EWN
EWQ	+ 0.93	SCZ
EWN	+ 0.91	SCZ
EWN	+ 0.89	EFV

High negative correlations

EWQ	- 0.73	IWP
EWN	- 0.73	IWP
IWP	- 0.6	EFV
IWP	- 0.59	SCZ

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
EFV	0.64	(0.08)	0.00	(0.13)	0.00	0.00	1.24	(1.49)	3.82
SCZ	0.64	(0.11)	0.00	(0.13)	0.00	0.00	1.75	(1.43)	4.59
IWP	0.76	0.13	0.15	0.20	0.63	(0.83)	1.61	(1.24)	4.79
EWN	0.91	(0.23)	0.00	(0.31)	0.00	0.00	1.55	(1.86)	7.34
EWQ	0.80	(0.18)	0.00	(0.27)	0.00	0.00	1.87	(1.98)	5.71

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