IShares MSCI Correlations

EWY Etf

USD 57.39 0.14 0.24%

The current 90-days correlation between iShares MSCI South and iShares MSCI Taiwan is 0.73 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI South 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 South 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 South. 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

0.86	EWU	iShares MSCI United	Pair Corr
0.93	EWL	iShares MSCI Switzerland	Pair Corr
0.94	EWQ	iShares MSCI France	Pair Corr
0.78	EWW	iShares MSCI Mexico	Pair Corr
0.77	BITI	ProShares Trust	Pair Corr
0.74	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.64	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr

Moving against IShares Etf

0.8	PULS	PGIM Ultra Short	Pair Corr
0.66	BUFF	Innovator Laddered	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.6	SPY	SPDR SP 500	Pair Corr
0.59	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.59	PPA	Invesco Aerospace Defense	Pair Corr
0.56	BBCA	JPMorgan BetaBuilders Low Volatility	Pair Corr
0.49	EWC	iShares MSCI Canada Sell-off Trend	Pair Corr
0.41	CAPD	Barclays Capital	Pair Corr
0.83	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.75	T	ATT Inc Aggressive Push	Pair Corr
0.73	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.66	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.55	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.5	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.39	HD	Home Depot	Pair Corr
0.36	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	EWT	EWS	EWW	EWH	EWA
EWT		0.37	0.15	0.57	0.35	EWT
EWS	0.37		-0.08	0.6	0.57	EWS
EWW	0.15	-0.08		0.13	0.58	EWW
EWH	0.57	0.6	0.13		0.55	EWH
EWA	0.35	0.57	0.58	0.55		EWA
	EWT	EWS	EWW	EWH	EWA

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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

EWH	+ 0.6	EWS
EWA	+ 0.58	EWW
EWH	+ 0.57	EWT
EWA	+ 0.57	EWS
EWA	+ 0.55	EWH
EWS	+ 0.37	EWT

High negative correlations

EWW

- 0.08

EWS

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
EWT	1.10	(0.07)	0.00	(0.02)	0.00	0.00	2.70	(2.20)	6.85
EWS	0.63	0.14	0.11	0.45	0.45	(0.70)	1.97	(1.01)	3.86
EWW	1.10	(0.21)	0.00	(0.28)	0.00	0.00	2.62	(2.33)	5.96
EWH	1.36	0.12	0.04	0.32	1.98	(1.35)	3.15	(2.67)	12.79
EWA	0.79	(0.01)	(0.05)	0.07	0.82	(0.92)	2.00	(1.64)	4.96

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