IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Austria
EWO Etf  USD 20.84  0.02  0.1%   
The current 90-days correlation between iShares MSCI Austria and iShares MSCI Belgium is 0.69 (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 Austria 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 Austria and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Austria 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 Austria. 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

  0.92EWU iShares MSCI UnitedPairCorr
  0.93EWY iShares MSCI SouthPairCorr
  0.93EWL iShares MSCI SwitzerlandPairCorr
  0.91EWQ iShares MSCI FrancePairCorr
  0.66EWW iShares MSCI MexicoPairCorr
  0.77BND Vanguard Total BondPairCorr
  0.85VEA Vanguard FTSE DevelopedPairCorr
  0.75JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr

Moving against IShares Etf

  0.8VO Vanguard Mid CapPairCorr
  0.78VUG Vanguard Growth IndexPairCorr
  0.76VTI Vanguard Total StockPairCorr
  0.75SPY SPDR SP 500 Aggressive PushPairCorr
  0.75IVV iShares Core SPPairCorr
  0.74VB Vanguard Small CapPairCorr
  0.68BBCA JPMorgan BetaBuildersPairCorr
  0.68VTV Vanguard Value IndexPairCorr
  0.66EWC iShares MSCI Canada Sell-off TrendPairCorr
  0.91WMT Walmart Aggressive PushPairCorr
  0.86T ATT Inc Sell-off TrendPairCorr
  0.85BAC Bank of America Aggressive PushPairCorr
  0.84CSCO Cisco Systems Aggressive PushPairCorr
  0.83TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.78AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.78DIS Walt Disney Aggressive PushPairCorr
  0.75CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.74AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.6HPQ HP IncPairCorr
  0.55CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.44XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr

Related Correlations Analysis

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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.

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