IShares MSCI Correlations

EWG Etf

USD 31.41 0.14 0.45%

The current 90-days correlation between iShares MSCI Germany and iShares MSCI United is 0.79 (i.e., 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

Modest diversification

The correlation between iShares MSCI Germany and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Germany 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 Germany. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

0.69	EWU	iShares MSCI United	Pair Corr
0.66	EWY	iShares MSCI South	Pair Corr
0.71	EWA	iShares MSCI Australia	Pair Corr
0.66	EWL	iShares MSCI Switzerland	Pair Corr
0.76	EWQ	iShares MSCI France	Pair Corr
0.75	EWW	iShares MSCI Mexico	Pair Corr
0.82	VEA	Vanguard FTSE Developed	Pair Corr
0.66	VWO	Vanguard FTSE Emerging	Pair Corr
0.77	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against IShares Etf

0.5	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.43	DIS	Walt Disney	Pair Corr
0.34	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.32	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	EWU	EWQ	EWP	EWI	EWL
EWU		0.97	0.74	0.85	0.96	EWU
EWQ	0.97		0.79	0.88	0.95	EWQ
EWP	0.74	0.79		0.84	0.66	EWP
EWI	0.85	0.88	0.84		0.87	EWI
EWL	0.96	0.95	0.66	0.87		EWL
	EWU	EWQ	EWP	EWI	EWL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
EWU	0.62	(0.13)	(0.16)	1.04	(1.20)	3.60
EWQ	0.78	(0.20)	(0.32)	1.87	(1.98)	5.71
EWP	0.82	(0.03)	4.03	1.36	(1.82)	7.07
EWI	0.73	(0.11)	(0.23)	1.07	(1.80)	5.16
EWL	0.61	(0.18)	(0.45)	1.09	(1.65)	3.46

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC