IShares MSCI Correlations

EFV Etf

USD 53.89 0.05 0.09%

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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI EAFE and DJI is 0.35 (i.e., 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

0.99	FNDF	Schwab Fundamental	Pair Corr
0.86	VYMI	Vanguard International	Pair Corr
0.97	IDV	iShares International	Pair Corr
0.96	DFIV	Dimensional International	Pair Corr
0.99	IVLU	iShares Edge MSCI	Pair Corr
0.93	RODM	Hartford Multifactor	Pair Corr
0.98	PXF	Invesco FTSE RAFI	Pair Corr
0.99	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.76	PID	Invesco International	Pair Corr
0.62	LUX	Tema ETF Trust	Pair Corr
0.65	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.76	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.63	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against IShares Etf

0.55	SHLD	Global X Funds	Pair Corr
0.53	WINN	Harbor Long Term	Pair Corr
0.45	SPY	SPDR SP 500	Pair Corr
0.41	PPA	Invesco Aerospace Defense	Pair Corr
0.77	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.6	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.57	CSCO	Cisco Systems	Pair Corr
0.55	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.43	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.4	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.32	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	EFG	SCZ	DLS	IWS	IWC
EFG		0.94	0.95	-0.46	-0.55	EFG
SCZ	0.94		0.99	-0.39	-0.53	SCZ
DLS	0.95	0.99		-0.38	-0.53	DLS
IWS	-0.46	-0.39	-0.38		0.91	IWS
IWC	-0.55	-0.53	-0.53	0.91		IWC
	EFG	SCZ	DLS	IWS	IWC

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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

DLS	+ 0.99	SCZ
DLS	+ 0.95	EFG
SCZ	+ 0.94	EFG
IWC	+ 0.91	IWS

High negative correlations

IWC	- 0.55	EFG
IWC	- 0.53	DLS
IWC	- 0.53	SCZ
IWS	- 0.46	EFG
IWS	- 0.39	SCZ
IWS	- 0.38	DLS

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
EFG	0.76	(0.16)	0.00	(0.17)	0.00	0.00	1.71	(1.86)	4.81
SCZ	0.64	(0.11)	0.00	(0.13)	0.00	0.00	1.75	(1.43)	4.59
DLS	0.66	(0.11)	0.00	(0.14)	0.00	0.00	1.77	(1.46)	4.27
IWS	0.57	0.03	0.03	0.12	0.47	(0.69)	1.24	(1.04)	3.45
IWC	1.10	(0.01)	0.04	0.08	1.08	(1.27)	2.57	(1.83)	8.06

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