IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Brazil
EWZS Etf  USD 11.36  0.22  1.90%   
The current 90-days correlation between iShares MSCI Brazil and VanEck Brazil Small Cap is 0.95 (i.e., Almost no 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 0.22 (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 nation.

Moving together with IShares Etf

  0.98EWZ iShares MSCI BrazilPairCorr
  0.92ILF iShares Latin AmericaPairCorr
  0.97FLBR Franklin FTSE BrazilPairCorr
  0.96FLLA Franklin FTSE LatinPairCorr
  0.98BRF VanEck Brazil SmallPairCorr
  0.97FBZ First Trust BrazilPairCorr
  0.9MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.66PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.79KO Coca Cola Aggressive PushPairCorr
  0.64JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr

Moving against IShares Etf

  0.76GBTC Grayscale Bitcoin TrustPairCorr
  0.76FNGS MicroSectors FANG ETNPairCorr
  0.75FNGO MicroSectors FANG IndexPairCorr
  0.74SPY SPDR SP 500PairCorr
  0.73FNGU MicroSectors FANG Index Sell-off TrendPairCorr
  0.73PPA Invesco Aerospace DefensePairCorr
  0.66QLD ProShares Ultra QQQPairCorr
  0.57USD ProShares Ultra Semi Potential GrowthPairCorr
  0.55ROM ProShares Ultra TechPairCorr
  0.52TECL Direxion Daily TechnologyPairCorr
  0.38SMH VanEck Semiconductor ETFPairCorr
  0.84WMT Walmart Aggressive PushPairCorr
  0.83BAC Bank of America Aggressive PushPairCorr
  0.79TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.74AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.73CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.71DIS Walt Disney Aggressive PushPairCorr
  0.68HPQ HP IncPairCorr
  0.66INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.59CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.57HD Home DepotPairCorr

Related Correlations Analysis

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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   
EPOL
+ 0.87
BRF
EPU
+ 0.81
ECNS
ENZL
+ 0.8
EPOL
ENZL
+ 0.75
BRF
  
High negative correlations   
EPU
- 0.52
EPOL
EPU
- 0.49
BRF
EPOL
- 0.45
ECNS
ENZL
- 0.4
EPU
ECNS
- 0.4
BRF
ENZL
- 0.37
ECNS

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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