Fidelity MSCI Correlations

FSTA Etf

USD 52.18 0.02 0.04%

The current 90-days correlation between Fidelity MSCI Consumer and Kovitz Core Equity is 0.29 (i.e., Modest diversification). The correlation of Fidelity 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.

Fidelity MSCI Correlation With Market

Poor diversification

The correlation between Fidelity MSCI Consumer 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 Fidelity MSCI Consumer and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fidelity Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity MSCI Consumer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Fidelity Etf

1.0	XLP	Consumer Staples Select	Pair Corr
1.0	VDC	Vanguard Consumer Staples	Pair Corr
0.88	IYK	iShares Consumer Staples	Pair Corr
0.94	KXI	iShares Global Consumer	Pair Corr
0.89	FTXG	First Trust Nasdaq	Pair Corr
0.94	RHS	Invesco SP 500	Pair Corr
0.83	FXG	First Trust Consumer	Pair Corr
0.9	PBJ	Invesco Dynamic Food	Pair Corr
0.79	PSL	Invesco DWA Consumer	Pair Corr
0.75	CPST	Calamos ETF Trust	Pair Corr
0.76	ITDD	iShares Trust	Pair Corr
0.85	GLD	SPDR Gold Shares Aggressive Push	Pair Corr
0.87	DGLO	First Trust RBA	Pair Corr
0.85	DIVD	Altrius Global Dividend	Pair Corr
0.63	HCRB	Hartford Core Bond	Pair Corr
0.84	SAGP	Advisorsa Inner	Pair Corr
0.73	GAPR	First Trust Exchange	Pair Corr
0.77	IAPR	Innovator MSCI EAFE	Pair Corr
0.8	GAL	SPDR SSgA Global	Pair Corr
0.63	HCOW	Amplify Cash Flow	Pair Corr
0.67	EEMO	Invesco SP Emerging	Pair Corr
0.85	PEY	Invesco High Yield	Pair Corr
0.85	FXED	Tidal ETF Trust	Pair Corr

Moving against Fidelity Etf

0.6

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	IYK	FENY	SPGM	EWL	IMCB	QQQE	FTGS	NUSC	GSUS	EQTY
IYK		0.71	0.5	0.53	0.53	0.3	0.34	0.59	0.24	0.53	IYK
FENY	0.71		0.77	0.71	0.75	0.54	0.48	0.76	0.5	0.74	FENY
SPGM	0.5	0.77		0.85	0.97	0.89	0.81	0.94	0.9	0.96	SPGM
EWL	0.53	0.71	0.85		0.84	0.62	0.54	0.84	0.65	0.91	EWL
IMCB	0.53	0.75	0.97	0.84		0.89	0.8	0.98	0.86	0.97	IMCB
QQQE	0.3	0.54	0.89	0.62	0.89		0.89	0.84	0.94	0.84	QQQE
FTGS	0.34	0.48	0.81	0.54	0.8	0.89		0.75	0.82	0.75	FTGS
NUSC	0.59	0.76	0.94	0.84	0.98	0.84	0.75		0.8	0.97	NUSC
GSUS	0.24	0.5	0.9	0.65	0.86	0.94	0.82	0.8		0.83	GSUS
EQTY	0.53	0.74	0.96	0.91	0.97	0.84	0.75	0.97	0.83		EQTY
	IYK	FENY	SPGM	EWL	IMCB	QQQE	FTGS	NUSC	GSUS	EQTY

Please upgrade your account to get full access to Macroaxis premium features

Fidelity MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Fidelity Etf performing well and Fidelity 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 Fidelity 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
IYK	0.61	0.02	(0.02)	0.20	0.69	(0.67)	1.44	(1.04)	3.51
FENY	0.95	0.20	0.13	0.70	0.96	(0.99)	2.23	(1.43)	5.16
SPGM	0.53	0.04	0.03	0.10	0.73	(0.51)	1.05	(1.26)	3.35
EWL	0.64	0.10	0.10	0.23	0.57	(0.77)	1.80	(1.19)	4.75
IMCB	0.60	0.00	(0.01)	0.05	0.73	(0.62)	1.43	(1.49)	3.24
QQQE	0.66	(0.03)	(0.04)	0.02	0.80	(0.73)	1.19	(1.52)	3.36
FTGS	0.57	(0.02)	(0.08)	(0.05)	0.73	(0.57)	1.20	(1.24)	2.83
NUSC	0.77	0.02	0.03	0.07	0.85	(0.80)	1.83	(1.43)	4.38
GSUS	0.54	(0.01)	(0.03)	0.04	0.83	(0.51)	1.12	(1.27)	3.72
EQTY	0.63	0.03	0.03	0.08	0.74	(0.65)	1.28	(1.62)	4.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC