IShares Core Correlations

EIMI Etf

USD 50.09 1.22 2.38%

The current 90-days correlation between iShares Core MSCI and UBS ETF plc is 0.46 (i.e., Very weak diversification). The correlation of IShares Core 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 Core Correlation With Market

Very poor diversification

The correlation between iShares Core MSCI and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Core 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 Core 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 Core - 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 Core MSCI to buy it.

Moving together with IShares Etf

0.89	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.94	CSNKY	iShares VII PLC	Pair Corr
0.94	MSE	Amundi EURO STOXX	Pair Corr
0.94	IJPE	iShares MSCI Japan	Pair Corr
0.98	PSRW	Invesco FTSE RAFI	Pair Corr
0.98	GCVC	SPDR Refinitiv Global	Pair Corr
0.94	JPNY	Amundi Index Solutions	Pair Corr
0.74	CHCORP	iShares Core CHF	Pair Corr
0.94	BCCMA	UBS Fund Solutions	Pair Corr
0.94	RGLDS	Raiffeisen ETF Solid	Pair Corr
0.9	IDP6	iShares SP SmallCap	Pair Corr
0.98	IKOR	iShares MSCI Korea	Pair Corr
0.96	USFMA	UBS ETF plc	Pair Corr
0.81	XSGI	Xtrackers SP Global	Pair Corr
0.9	GGMUSY	UBS ETF plc	Pair Corr
0.94	LYRIO	Lyxor MSCI Brazil	Pair Corr
0.95	ZGLDUS	ZKB Gold ETF	Pair Corr
0.95	ZGLD	ZKB Gold ETF	Pair Corr
0.91	ESGW	Invesco MSCI World	Pair Corr
0.96	EURCHA	UBSFund Solutions MSCI	Pair Corr
0.94	TPXY	Amundi Index Solutions	Pair Corr
0.94	IUES	iShares SP 500	Pair Corr
0.92	GLUG	LG Clean Water	Pair Corr
0.94	EUFM	UBSFund Solutions MSCI	Pair Corr
0.94	JPHG	Amundi Index Solutions	Pair Corr
0.89	CBMDAX	Amundi Index Solutions	Pair Corr
0.91	SPICHA	UBS ETF SPI	Pair Corr
0.64	IBZL	iShares MSCI Brazil	Pair Corr
0.97	FLXK	Franklin FTSE Korea	Pair Corr

Moving against IShares Etf

0.64	IEAC	iShares Core Corp	Pair Corr
0.54	VUSA	Vanguard SP 500	Pair Corr

Related Correlations Analysis

	CSGOLD	IFFF	LYLEM	IGIL	INAA	LYHLTW	ISWD	CSINDU	WSCSRI
CSGOLD		0.95	0.95	0.92	0.55	0.72	0.93	0.78	0.93	CSGOLD
IFFF	0.95		1.0	0.92	0.57	0.8	0.93	0.81	0.94	IFFF
LYLEM	0.95	1.0		0.93	0.56	0.8	0.93	0.81	0.95	LYLEM
IGIL	0.92	0.92	0.93		0.53	0.71	0.91	0.75	0.9	IGIL
INAA	0.55	0.57	0.56	0.53		0.5	0.74	0.76	0.7	INAA
LYHLTW	0.72	0.8	0.8	0.71	0.5		0.73	0.73	0.8	LYHLTW
ISWD	0.93	0.93	0.93	0.91	0.74	0.73		0.88	0.96	ISWD
CSINDU	0.78	0.81	0.81	0.75	0.76	0.73	0.88		0.92	CSINDU
WSCSRI	0.93	0.94	0.95	0.9	0.7	0.8	0.96	0.92		WSCSRI
	CSGOLD	IFFF	LYLEM	IGIL	INAA	LYHLTW	ISWD	CSINDU	WSCSRI

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
CSGOLD	1.31	0.39	0.16	3.58	1.52	(1.59)	2.85	(2.77)	9.58
IFFF	0.87	0.29	0.20	8.94	0.76	(1.00)	1.91	(1.66)	7.70
LYLEM	0.65	0.24	0.20	4.41	0.42	(0.78)	1.55	(1.13)	5.44
IGIL	0.25	0.04	(0.09)	1.61	0.27	(0.26)	0.57	(0.49)	1.35
INAA	0.48	0.05	(0.02)	0.40	0.57	(0.53)	0.96	(1.12)	3.17
LYHLTW	0.53	0.04	(0.03)	0.28	0.48	(0.71)	1.31	(1.02)	3.40
ISWD	0.60	0.15	0.10	1.03	0.65	(0.65)	1.47	(0.96)	5.63
CSINDU	0.49	0.08	0.02	2.36	0.38	(0.60)	1.20	(1.08)	2.77
WSCSRI	0.59	0.15	0.14	1.45	0.37	(0.70)	1.44	(0.80)	2.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Core 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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