IShares Core Correlations

EMIM Etf

EUR 42.55 0.15 0.35%

The current 90-days correlation between iShares Core MSCI and iShares Dow Jones is 0.67 (i.e., Poor 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 0.8 (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

1.0	IEMM	iShares MSCI EM	Pair Corr
0.99	VFEM	Vanguard FTSE Emerging	Pair Corr
0.99	IEMA	iShares MSCI EM	Pair Corr
0.89	GLDU	Amundi Index Solutions	Pair Corr
0.89	AUCO	LG Gold Mining	Pair Corr
0.99	IKRA	iShares Public	Pair Corr
0.74	PHAG	WisdomTree Physical	Pair Corr
0.92	COPM	iShares Copper Miners	Pair Corr
0.85	PHPT	WisdomTree Physical	Pair Corr
0.89	BATT	Legal General UCITS	Pair Corr
0.97	SEMI	iShares MSCI Global	Pair Corr
0.92	PHAU	WisdomTree Physical Gold	Pair Corr
0.85	JPSR	UBSFund Solutions MSCI	Pair Corr
0.91	CSX5	iShares VII PLC	Pair Corr
0.95	SXLI	SPDR SP Industrials	Pair Corr
0.93	IAPD	iShares Asia Pacific	Pair Corr
0.94	IMAE	iShares Core MSCI	Pair Corr
0.81	JPXY	Amundi Index Solutions	Pair Corr
0.9	VECP	Vanguard EUR Corporate	Pair Corr
0.84	CBE7	iShares VII Public	Pair Corr
0.88	V20D	Vanguard LifeStrategy	Pair Corr
0.61	ERND	iShares USD Ultrashort	Pair Corr
0.77	DHYD	iShares II plc	Pair Corr
0.92	CEUU	iShares Core MSCI	Pair Corr
0.92	ICOW	Pacer Developed Markets	Pair Corr
0.91	IBCX	iShares Euro Corporate	Pair Corr
0.96	INRA	iShares Global Clean	Pair Corr
0.89	IDJG	iShares EURO Total	Pair Corr
0.73	IEGA	iShares III Public	Pair Corr
0.87	TI5A	iShares TIPS 0	Pair Corr
0.88	ISED	iShares MSCI Europe	Pair Corr
0.79	IWDE	iShares MSCI World	Pair Corr
0.98	ITWN	iShares MSCI Taiwan	Pair Corr
0.98	VAPX	Vanguard FTSE Developed	Pair Corr
0.74	CALF	Pacer Small Cap	Pair Corr
0.95	ISFA	iShares Core FTSE	Pair Corr
0.82	RTWO	LG Russell 2000	Pair Corr
0.92	ERNE	iShares Euro Ultrashort	Pair Corr

Related Correlations Analysis

	EXCD	IEGZ	EMIM	IFRB	ISFA	STEC	SUOU	MPAB	IGSG
EXCD		0.71	0.98	0.8	0.96	0.47	0.67	0.9	0.83	EXCD
IEGZ	0.71		0.73	0.98	0.62	0.1	0.66	0.5	0.47	IEGZ
EMIM	0.98	0.73		0.8	0.95	0.55	0.62	0.89	0.86	EMIM
IFRB	0.8	0.98	0.8		0.7	0.12	0.66	0.56	0.5	IFRB
ISFA	0.96	0.62	0.95	0.7		0.53	0.69	0.96	0.89	ISFA
STEC	0.47	0.1	0.55	0.12	0.53		0.12	0.64	0.78	STEC
SUOU	0.67	0.66	0.62	0.66	0.69	0.12		0.66	0.58	SUOU
MPAB	0.9	0.5	0.89	0.56	0.96	0.64	0.66		0.95	MPAB
IGSG	0.83	0.47	0.86	0.5	0.89	0.78	0.58	0.95		IGSG
	EXCD	IEGZ	EMIM	IFRB	ISFA	STEC	SUOU	MPAB	IGSG

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
EXCD	0.76	0.26	0.24	(7.24)	0.55	(0.94)	1.82	(1.37)	3.52
IEGZ	0.20	0.02	(0.13)	(3.67)	0.22	(0.22)	0.44	(0.48)	1.36
EMIM	0.60	0.16	0.15	(1.56)	0.43	(0.74)	1.41	(0.94)	3.20
IFRB	0.13	0.01	(0.24)	1.92	0.07	(0.13)	0.30	(0.31)	0.73
ISFA	0.48	0.16	0.14	(1.47)	0.42	(0.58)	1.21	(0.93)	3.01
STEC	1.10	0.06	0.00	(0.20)	1.60	(1.09)	2.28	(2.42)	8.31
SUOU	0.14	0.02	(0.09)	1.69	0.00	(0.30)	0.46	(0.23)	1.39
MPAB	0.52	0.08	0.05	1.40	0.45	(0.66)	1.19	(0.81)	2.62
IGSG	0.45	0.05	(0.01)	(0.80)	0.55	(0.48)	0.97	(0.98)	3.12

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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