IShares MSCI Correlations

EWZ Etf

USD 27.51 0.59 2.19%

The current 90-days correlation between iShares MSCI Brazil and iShares China Large Cap is 0.35 (i.e., 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

Modest diversification

The correlation between iShares MSCI Brazil 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 Brazil 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 Brazil. 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

0.93	ILF	iShares Latin America	Pair Corr
0.98	FLBR	Franklin FTSE Brazil	Pair Corr
0.98	EWZS	iShares MSCI Brazil	Pair Corr
0.95	FLLA	Franklin FTSE Latin	Pair Corr
0.98	BRF	VanEck Brazil Small	Pair Corr
0.98	FBZ	First Trust Brazil	Pair Corr
0.87	HART	IQ Healthy Hearts	Pair Corr
0.68	GREI	Goldman Sachs Future	Pair Corr
0.8	BITI	ProShares Trust	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.83	KO	Coca Cola Aggressive Push	Pair Corr
0.7	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against IShares Etf

0.86	MSTY	YieldMax MSTR Option	Pair Corr
0.84	EOS	Eaton Vance Enhanced	Pair Corr
0.78	DISO	Tidal Trust II	Pair Corr
0.77	BTC	Grayscale Bitcoin Mini	Pair Corr
0.76	DIVB	iShares Dividend	Pair Corr
0.74	VBK	Vanguard Small Cap	Pair Corr
0.67	EVUS	iShares ESG Aware	Pair Corr
0.54	IDGT	iShares Trust Symbol Change	Pair Corr
0.49	MAPP	Harbor ETF Trust	Pair Corr
0.41	XOP	SPDR SP Oil	Pair Corr
0.86	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.83	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.79	T	ATT Inc Aggressive Push	Pair Corr
0.76	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.76	DIVG	Invesco Exchange Traded	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.74	DIS	Walt Disney	Pair Corr
0.67	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.55	IDU	iShares Utilities ETF	Pair Corr

Related Correlations Analysis

	FXI	EWW	EWY	EWJ	EEM
FXI		0.11	-0.21	-0.09	0.89	FXI
EWW	0.11		0.78	0.71	0.49	EWW
EWY	-0.21	0.78		0.81	0.24	EWY
EWJ	-0.09	0.71	0.81		0.28	EWJ
EEM	0.89	0.49	0.24	0.28		EEM
	FXI	EWW	EWY	EWJ	EEM

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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

EEM	+ 0.89	FXI
EWJ	+ 0.81	EWY
EWY	+ 0.78	EWW
EWJ	+ 0.71	EWW
EEM	+ 0.49	EWW
EEM	+ 0.28	EWJ

High negative correlations

EWY	- 0.21	FXI
EWJ	- 0.09	FXI

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
FXI	1.94	0.19	0.04	0.69	2.43	(2.23)	5.49	(3.69)	18.98
EWW	1.06	(0.18)	0.00	(0.21)	0.00	0.00	2.62	(2.33)	5.96
EWY	1.15	(0.24)	0.00	(0.31)	0.00	0.00	2.27	(2.86)	9.46
EWJ	0.86	(0.15)	0.00	(0.07)	0.00	0.00	1.82	(2.04)	5.83
EEM	0.85	(0.05)	(0.11)	0.01	1.06	(0.95)	2.12	(1.98)	6.13

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