IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Japan
EWJV Etf  USD 31.61  0.10  0.32%   
The current 90-days correlation between iShares MSCI Japan and iShares MSCI South is 0.54 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI Japan and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Japan 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 Japan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with IShares Etf

  0.96EWJ iShares MSCI JapanPairCorr
  0.96BBJP JPMorgan BetaBuildersPairCorr
  0.96FLJP Franklin FTSE JapanPairCorr
  0.93DFJ WisdomTree Japan SmallCapPairCorr
  0.91SCJ iShares MSCI JapanPairCorr
  0.96JPXN iShares JPX NikkeiPairCorr
  0.72BND Vanguard Total BondPairCorr
  0.78VEA Vanguard FTSE DevelopedPairCorr
  0.7KO Coca Cola Aggressive PushPairCorr
  0.73MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Moving against IShares Etf

  0.68MSTY YieldMax MSTR OptionPairCorr
  0.56VUG Vanguard Growth IndexPairCorr
  0.53VO Vanguard Mid CapPairCorr
  0.51VTI Vanguard Total StockPairCorr
  0.51SPY SPDR SP 500 Aggressive PushPairCorr
  0.51IVV iShares Core SPPairCorr
  0.49DIVB iShares DividendPairCorr
  0.45VB Vanguard Small CapPairCorr
  0.41IDU iShares Utilities ETFPairCorr
  0.39VTV Vanguard Value IndexPairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.67CSCO Cisco SystemsPairCorr
  0.63T ATT Inc Aggressive PushPairCorr
  0.63BAC Bank of America Aggressive PushPairCorr
  0.57BTC Grayscale Bitcoin MiniPairCorr
  0.56AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.54DISO Tidal Trust IIPairCorr
  0.53DIS Walt DisneyPairCorr
  0.52DIVG Invesco Exchange TradedPairCorr
  0.49CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.48IDGT iShares Trust Symbol ChangePairCorr
  0.45AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.42HPQ HP IncPairCorr
  0.34INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.32CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Related Correlations Analysis

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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   
EWA
+ 0.75
EWG
EWG
+ 0.61
EWY
EWT
+ 0.55
EWH
EWG
+ 0.47
EWT
EWG
+ 0.45
EWH
EWA
+ 0.43
EWH
  
High negative correlations   
EWH
- 0.21
EWY
EWT
- 0.02
EWY

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.

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