IShares MSCI Correlations

EXCD Etf

7.60 0.10 1.33%

The current 90-days correlation between iShares MSCI EM and iShares Dow Jones is 0.61 (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

Very poor diversification

The correlation between iShares MSCI EM and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI EM and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares MSCI EM to buy it.

Moving together with IShares Etf

0.9	AUCO	LG Gold Mining	Pair Corr
0.9	GLDU	Amundi Index Solutions	Pair Corr
0.99	IKRA	iShares Public	Pair Corr
0.76	PHAG	WisdomTree Physical	Pair Corr
0.82	PHPT	WisdomTree Physical	Pair Corr
0.95	COPM	iShares Copper Miners	Pair Corr
0.87	BATT	Legal General UCITS	Pair Corr
0.97	SEMI	iShares MSCI Global	Pair Corr
0.94	PHAU	WisdomTree Physical Gold	Pair Corr
0.98	CMEX	iShares VII Public	Pair Corr
0.81	SLXU	iShares Core Corp	Pair Corr
0.86	IDVA	iShares EURO STOXX	Pair Corr
0.97	VHYL	Vanguard FTSE All	Pair Corr
0.92	CSJP	iShares VII PLC	Pair Corr
0.86	IBGX	iShares Euro Government	Pair Corr
0.97	CYBA	iShares China CNY	Pair Corr
0.79	SSAC	iShares MSCI ACWI	Pair Corr
0.75	WHCS	iShares MSCI World	Pair Corr
0.69	IEGA	iShares III Public	Pair Corr
0.94	IMEU	iShares Core MSCI	Pair Corr
0.87	IESE	iShares MSCI Europe	Pair Corr
0.92	IAEX	iShares AEX UCITS	Pair Corr
0.92	IAEA	iShares AEX UCITS	Pair Corr
0.97	ITKY	iShares MSCI Turkey	Pair Corr
0.68	SDIG	iShares Short Duration	Pair Corr
0.84	ICOV	iShares III Public	Pair Corr
0.98	IEMA	iShares MSCI EM	Pair Corr
0.97	IEGE	iShares III Public	Pair Corr
0.93	LCJP	Amundi MSCI Japan	Pair Corr
0.89	MPAB	iShares MSCI EMU	Pair Corr
0.93	SXLE	SSgA SPDR ETFs	Pair Corr
0.64	SUOU	iShares Corp Bond	Pair Corr
0.7	SWRD	SSGA SPDR ETFS	Pair Corr
0.82	JPSR	UBSFund Solutions MSCI	Pair Corr
0.8	EXA1	iShares EURO STOXX	Pair Corr

Related Correlations Analysis

	IEGZ	EMIM	IFRB	ISFA	STEC	SUOU	MPAB	IGSG
IEGZ		0.68	0.97	0.54	0.11	0.54	0.44	0.41	IEGZ
EMIM	0.68		0.77	0.94	0.57	0.56	0.89	0.85	EMIM
IFRB	0.97	0.77		0.63	0.13	0.55	0.52	0.44	IFRB
ISFA	0.54	0.94	0.63		0.56	0.66	0.96	0.88	ISFA
STEC	0.11	0.57	0.13	0.56		0.14	0.66	0.8	STEC
SUOU	0.54	0.56	0.55	0.66	0.14		0.64	0.55	SUOU
MPAB	0.44	0.89	0.52	0.96	0.66	0.64		0.95	MPAB
IGSG	0.41	0.85	0.44	0.88	0.8	0.55	0.95		IGSG
	IEGZ	EMIM	IFRB	ISFA	STEC	SUOU	MPAB	IGSG

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
IEGZ	0.21	0.01	(0.11)	(0.70)	0.25	(0.22)	0.44	(0.48)	1.36
EMIM	0.60	0.13	0.13	(2.52)	0.52	(0.71)	1.41	(0.98)	3.20
IFRB	0.13	0.00	(0.20)	0.00	0.11	(0.14)	0.30	(0.31)	0.73
ISFA	0.47	0.13	0.11	(0.94)	0.47	(0.55)	1.12	(1.11)	3.01
STEC	1.09	(0.01)	0.00	0.08	0.00	0.00	2.19	(2.42)	8.31
SUOU	0.14	0.01	(0.08)	2.13	0.05	(0.30)	0.46	(0.23)	1.39
MPAB	0.52	0.05	0.02	0.74	0.51	(0.66)	1.19	(0.84)	2.62
IGSG	0.44	0.03	(0.02)	(0.71)	0.57	(0.47)	0.94	(0.98)	3.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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