IShares MSCI Correlations

EWZ Etf

USD 38.06 0.43 1.12%

The current 90-days correlation between iShares MSCI Brazil and iShares China Large Cap is 0.29 (i.e., Modest 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

Poor diversification

The correlation between iShares MSCI Brazil and DJI is 0.69 (i.e., Poor 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.

Build AI portfolio with IShares Etf

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 manufacturing.

Moving together with IShares Etf

0.98	ILF	iShares Latin America	Pair Corr
1.0	FLBR	Franklin FTSE Brazil	Pair Corr
0.97	EWZS	iShares MSCI Brazil	Pair Corr
0.99	FLLA	Franklin FTSE Latin	Pair Corr
0.99	BRF	VanEck Brazil Small	Pair Corr
0.67	QTAP	Innovator Growth 100	Pair Corr
0.64	XTJA	Innovator ETFs Trust	Pair Corr
0.67	XTAP	Innovator Equity Acc	Pair Corr
0.72	RNMC	First Trust Mid	Pair Corr
0.83	XFIX	Fm Investments Symbol Change	Pair Corr
0.9	IAUM	iShares Gold Trust	Pair Corr
0.93	EMES	Harbor ETF Trust	Pair Corr
0.67	BBH	VanEck Biotech ETF	Pair Corr
0.94	EIPI	First Trust Exchange	Pair Corr
0.85	BSMS	Invesco BulletShares 2028	Pair Corr
0.8	ZMUN	Fm Callable Tax	Pair Corr
0.71	TOCT	Innovator Equity Defined	Pair Corr
0.88	IYM	iShares Basic Materials	Pair Corr
0.66	JANW	AIM ETF Products	Pair Corr
0.69	SMLF	iShares MSCI USA	Pair Corr
0.76	VIG	Vanguard Dividend	Pair Corr
0.69	WEBS	Direxion Daily Dow	Pair Corr
0.79	SIL	Global X Silver	Pair Corr
0.62	RAUS	RACWI ETF	Pair Corr
0.9	GENW	Spinnaker ETF Series	Pair Corr
0.89	SCZ	iShares MSCI EAFE	Pair Corr
0.87	FIDU	Fidelity MSCI Industrials	Pair Corr
0.69	GAPR	First Trust Exchange	Pair Corr
0.96	LSEQ	Harbor ETF Trust	Pair Corr
0.91	PCEM	Litman Gregory Funds	Pair Corr

Related Correlations Analysis

	URTH	ACWX	FXI	EWY	IDV	EWT	IJS	HEFA	IJT	VASVX
URTH		0.91	0.36	0.82	0.87	0.87	0.91	0.92	0.91	0.87	URTH
ACWX	0.91		0.31	0.98	0.98	0.98	0.94	0.97	0.89	0.89	ACWX
FXI	0.36	0.31		0.29	0.14	0.33	0.16	0.24	0.16	0.11	FXI
EWY	0.82	0.98	0.29		0.95	0.98	0.89	0.93	0.82	0.83	EWY
IDV	0.87	0.98	0.14	0.95		0.95	0.93	0.95	0.88	0.89	IDV
EWT	0.87	0.98	0.33	0.98	0.95		0.9	0.93	0.85	0.82	EWT
IJS	0.91	0.94	0.16	0.89	0.93	0.9		0.96	0.98	0.89	IJS
HEFA	0.92	0.97	0.24	0.93	0.95	0.93	0.96		0.92	0.93	HEFA
IJT	0.91	0.89	0.16	0.82	0.88	0.85	0.98	0.92		0.86	IJT
VASVX	0.87	0.89	0.11	0.83	0.89	0.82	0.89	0.93	0.86		VASVX
	URTH	ACWX	FXI	EWY	IDV	EWT	IJS	HEFA	IJT	VASVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
URTH	0.55	(0.01)	(0.02)	0.05	0.76	(0.51)	1.09	(1.46)	3.49
ACWX	0.60	0.11	0.12	0.22	0.65	(0.65)	1.25	(1.22)	3.37
FXI	0.86	(0.12)	0.00	(0.12)	0.00	0.00	1.64	(1.66)	6.86
EWY	1.50	0.51	0.35	0.76	0.97	(1.81)	4.23	(1.93)	8.41
IDV	0.60	0.18	0.23	0.40	0.30	(0.68)	1.41	(0.83)	3.60
EWT	0.98	0.18	0.12	0.30	1.12	(1.00)	1.97	(2.17)	4.93
IJS	0.90	0.10	0.10	0.14	0.80	(1.03)	2.40	(2.04)	5.29
HEFA	0.54	0.09	0.10	0.18	0.54	(0.56)	1.28	(1.16)	3.53
IJT	0.80	0.06	0.07	0.11	0.80	(0.90)	2.30	(1.63)	4.91
VASVX	0.98	0.33	0.34	0.43	0.40	(1.21)	2.30	(1.19)	14.70

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IShares MSCI Correlations

IShares MSCI Correlation With Market

Poor diversification

Moving together with IShares Etf

Related Correlations Analysis

IShares MSCI Constituents Risk-Adjusted Indicators

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