IShares MSCI Correlations

EPHE Etf

USD 24.75 0.17 0.69%

The current 90-days correlation between iShares MSCI Philippines and iShares MSCI Thailand is 0.34 (i.e., Weak 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

Weak diversification

The correlation between iShares MSCI Philippines and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Philippines 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 Philippines. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

0.87	EWU	iShares MSCI United	Pair Corr
0.89	EWY	iShares MSCI South	Pair Corr
0.68	EWA	iShares MSCI Australia	Pair Corr
0.96	EWL	iShares MSCI Switzerland	Pair Corr
0.87	EWQ	iShares MSCI France	Pair Corr
0.82	EWW	iShares MSCI Mexico	Pair Corr
0.73	IRET	iREIT MarketVector	Pair Corr

Moving against IShares Etf

0.87	ARKW	ARK Next Generation	Pair Corr
0.58	WTMF	WisdomTree Managed	Pair Corr
0.49	BST	BlackRock Science Tech	Pair Corr
0.89	JAAA	Janus Detroit Street	Pair Corr
0.89	TSL	GraniteShares 125x Long	Pair Corr
0.86	SEIX	Virtus ETF Trust	Pair Corr
0.85	YMAG	YieldMax Magnificent	Pair Corr
0.81	YEAR	AB Ultra Short	Pair Corr
0.8	WANT	Direxion Daily Cnsmr	Pair Corr
0.8	WUCT	UBS AG London	Pair Corr
0.8	XDEC	First Trust Exchange	Pair Corr
0.8	FNGS	MicroSectors FANG ETN	Pair Corr
0.79	FLDR	Fidelity Low Duration	Pair Corr
0.76	FTLS	First Trust LongShort	Pair Corr
0.74	XOUT	GraniteShares XOUT Large	Pair Corr
0.68	GMM	Global Mofy Metaverse	Pair Corr
0.67	IGV	iShares Expanded Tech	Pair Corr
0.66	PBDC	Putnam ETF Trust	Pair Corr
0.64	AUGP	PGIM Large Cap	Pair Corr
0.9	OLO	Olo Inc	Pair Corr
0.89	BTC	Grayscale Bitcoin Mini	Pair Corr
0.89	TSLY	Tidal Trust II	Pair Corr
0.89	GJAN	First Trust Exchange	Pair Corr
0.88	HAPR	Innovator Premium Income	Pair Corr
0.88	MINT	PIMCO Enhanced Short	Pair Corr

Related Correlations Analysis

	THD	EIDO	EPOL	EPU	ENZL
THD		0.96	0.52	0.85	0.8	THD
EIDO	0.96		0.52	0.88	0.8	EIDO
EPOL	0.52	0.52		0.41	0.32	EPOL
EPU	0.85	0.88	0.41		0.72	EPU
ENZL	0.8	0.8	0.32	0.72		ENZL
	THD	EIDO	EPOL	EPU	ENZL

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
THD	0.91	(0.25)	(0.39)	1.70	(2.11)	5.41
EIDO	0.90	(0.25)	(0.49)	1.73	(2.09)	5.32
EPOL	1.08	(0.06)	(0.11)	1.76	(2.36)	7.62
EPU	0.85	(0.08)	(0.43)	1.85	(1.82)	4.72
ENZL	0.87	(0.10)	(0.33)	1.50	(2.02)	5.31

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