IShares MSCI Correlations

EWN Etf

USD 46.53 0.60 1.31%

The current 90-days correlation between iShares MSCI Netherlands and iShares MSCI Sweden is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Netherlands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI Netherlands and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Netherlands 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 Netherlands. 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

0.8	EWU	iShares MSCI United	Pair Corr
0.67	EWL	iShares MSCI Switzerland	Pair Corr
0.82	EWG	iShares MSCI Germany	Pair Corr
0.68	KSA	iShares MSCI Saudi	Pair Corr
0.78	EWQ	iShares MSCI France	Pair Corr

Related Correlations Analysis

	EWK	EWD	EWQ	EWL	EWO
EWK		0.55	0.31	0.69	0.0	EWK
EWD	0.55		0.89	0.92	0.73	EWD
EWQ	0.31	0.89		0.83	0.91	EWQ
EWL	0.69	0.92	0.83		0.58	EWL
EWO	0.0	0.73	0.91	0.58		EWO
	EWK	EWD	EWQ	EWL	EWO

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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

EWL	+ 0.92	EWD
EWO	+ 0.91	EWQ
EWQ	+ 0.89	EWD
EWL	+ 0.83	EWQ
EWO	+ 0.73	EWD
EWL	+ 0.69	EWK

High negative correlations

EWO

- 0.0

EWK

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EWK	0.77	(0.10)	0.00	(0.47)	0.00	0.00	1.29	(1.76)	11.04
EWD	0.83	0.01	(0.03)	0.11	1.21	(0.81)	1.72	(1.91)	6.65
EWQ	0.76	0.02	(0.03)	0.17	1.03	(0.74)	1.88	(2.06)	4.50
EWL	0.61	(0.03)	0.00	(0.06)	0.00	0.00	1.09	(1.37)	3.95
EWO	0.71	0.07	0.01	1.74	0.99	(0.69)	1.46	(1.73)	4.17

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