IShares MSCI Correlations

IBZL Etf

USD 24.38 0.00 0.00%

The current 90-days correlation between iShares MSCI Brazil and iShares Edge MSCI is 0.08 (i.e., Significant 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 0.76 (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.

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 Brazil to buy it.

Moving together with IShares Etf

0.64	CSNKY	iShares VII PLC	Pair Corr
0.68	CSSPX	iShares Core SP	Pair Corr
0.69	EIMI	iShares Core MSCI	Pair Corr
0.7	DAXEX	iShares Core DAX	Pair Corr
0.79	DJSXE	iShares Core EURO	Pair Corr
0.75	LQDE	iShares Corp Bond	Pair Corr
0.75	UKGBPA	UBSFund Solutions MSCI	Pair Corr
0.68	LYSP5	Lyxor SP 500	Pair Corr
0.82	USMUFE	UBS ETF plc	Pair Corr
0.64	XMME	Xtrackers MSCI Emerging	Pair Corr
0.79	CSSX5E	iShares VII PLC	Pair Corr
0.79	DGRA	WisdomTree Quality	Pair Corr
0.66	CCEUA	UBS Fund Solutions	Pair Corr
0.74	HMWO	HSBC MSCI World	Pair Corr
0.83	EUN	iShares STOXX Europe	Pair Corr
0.69	MXFS	Invesco MSCI Emerging	Pair Corr
0.81	FTAD	SPDR FTSE UK	Pair Corr
0.9	LYFINW	Lyxor MSCI World	Pair Corr
0.8	C50	Amundi Index Solutions	Pair Corr
0.88	LYWLD	Lyxor MSCI World	Pair Corr
0.7	IGIL	iShares Global Inflation	Pair Corr
0.83	IBTS	iShares Treasury Bond	Pair Corr
0.81	ESGO	AuAg Gold Mining	Pair Corr
0.85	E909	Lyxor 1 DAX	Pair Corr
0.82	ZPLA	ZKB Platinum ETF	Pair Corr
0.71	JPESG	UBS ETF plc	Pair Corr
0.74	AWSRIT	UBS ETF plc	Pair Corr
0.79	MIDD	iShares FTSE 250	Pair Corr
0.78	RGRT	Raiffeisen ETF Solid	Pair Corr
0.79	CU2USD	Amundi Index Solutions	Pair Corr
0.69	IJPN	iShares MSCI Japan	Pair Corr
0.81	XDEQ	Xtrackers MSCI World	Pair Corr

Related Correlations Analysis

	IBZL	LYRIO	SPME	AFLT	UKGBPA	ZGLDEU	STHC	WRDUSW-USD	JPESG	IWQU
IBZL		0.53	-0.12	0.83	0.75	0.52	0.72	0.78	0.71	0.81	IBZL
LYRIO	0.53		-0.12	0.82	0.83	0.71	0.49	0.75	0.82	0.82	LYRIO
SPME	-0.12	-0.12		-0.25	-0.26	-0.06	0.0	-0.01	-0.41	-0.09	SPME
AFLT	0.83	0.82	-0.25		0.91	0.62	0.71	0.88	0.91	0.93	AFLT
UKGBPA	0.75	0.83	-0.26	0.91		0.79	0.67	0.87	0.94	0.9	UKGBPA
ZGLDEU	0.52	0.71	-0.06	0.62	0.79		0.41	0.65	0.7	0.64	ZGLDEU
STHC	0.72	0.49	0.0	0.71	0.67	0.41		0.86	0.59	0.82	STHC
WRDUSW-USD	0.78	0.75	-0.01	0.88	0.87	0.65	0.86		0.8	0.98	WRDUSW-USD
JPESG	0.71	0.82	-0.41	0.91	0.94	0.7	0.59	0.8		0.85	JPESG
IWQU	0.81	0.82	-0.09	0.93	0.9	0.64	0.82	0.98	0.85		IWQU
	IBZL	LYRIO	SPME	AFLT	UKGBPA	ZGLDEU	STHC	WRDUSW-USD	JPESG	IWQU

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

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

IWQU	+ 0.98	WRDUSW-USD
JPESG	+ 0.94	UKGBPA
IWQU	+ 0.93	AFLT
UKGBPA	+ 0.91	AFLT
JPESG	+ 0.91	AFLT
IWQU	+ 0.9	UKGBPA

High negative correlations

JPESG	- 0.41	SPME
UKGBPA	- 0.26	SPME
AFLT	- 0.25	SPME
SPME	- 0.12	LYRIO
SPME	- 0.12	IBZL
IWQU	- 0.09	SPME

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
IBZL	0.01	0.00	0.00	1.19	0.00	0.00	0.00	0.00	0.33
LYRIO	1.13	0.34	0.18	(1.33)	1.17	(1.25)	2.28	(2.29)	6.69
SPME	12.69	2.55	0.11	0.35	14.84	(16.72)	2.22	(58.54)	202.53
AFLT	0.05	0.01	(0.24)	1.27	0.00	(0.08)	0.16	(0.12)	0.53
UKGBPA	0.44	0.12	0.11	(1.96)	0.36	(0.58)	1.09	(0.76)	2.90
ZGLDEU	1.17	0.27	0.11	9.48	1.57	(1.32)	2.95	(2.68)	9.45
STHC	0.13	0.00	(0.18)	(0.13)	0.17	(0.19)	0.36	(0.21)	1.64
WRDUSW-USD	0.52	0.06	0.05	0.37	0.50	(0.57)	1.13	(0.97)	3.33
JPESG	0.53	0.23	0.15	(2.56)	0.22	(0.82)	1.74	(0.88)	4.60
IWQU	0.52	0.10	0.09	1.36	0.55	(0.56)	1.37	(1.20)	3.17

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.

Did you try this?

Run Crypto Correlations Now

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins

All Next

Launch Module

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