IShares Core Correlations

IEMG Etf

USD 74.37 0.13 0.18%

The current 90-days correlation between iShares Core MSCI and First Trust Bloomberg is 0.91 (i.e., Almost no diversification). The correlation of IShares Core 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.

IShares Core Correlation With Market

Very poor diversification

The correlation between iShares Core MSCI and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Core MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with IShares Etf

0.99	VWO	Vanguard FTSE Emerging	Pair Corr
0.99	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
1.0	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.95	SFGRX	Seafarer Overseas	Pair Corr
0.98	DGS	WisdomTree Emerging	Pair Corr
1.0	XSOE	WisdomTree Emerging	Pair Corr
0.83	CPST	Calamos ETF Trust	Pair Corr
0.8	ELON	Battleshares TSLA	Pair Corr
0.92	ITDD	iShares Trust	Pair Corr
0.89	BINC	BlackRock ETF Trust	Pair Corr
0.82	RDIV	Invesco SP Ultra	Pair Corr
0.8	VBK	Vanguard Small Cap	Pair Corr
0.8	AHYB	American Century ETF	Pair Corr
0.88	BA	Boeing	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.85	INTC	Intel	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.91	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.7	WMT	Walmart Common Stock	Pair Corr
0.72	MRK	Merck Company	Pair Corr

Moving against IShares Etf

0.67	MPAY	Exchange Traded Concepts	Pair Corr
0.88	HPQ	HP Inc Aggressive Push	Pair Corr
0.7	MSFT	Microsoft Sell-off Trend	Pair Corr
0.38	MMM	3M Company	Pair Corr

Related Correlations Analysis

	EQRR	ASCE	ERET	LBO	JHID	EBIT	SEA	WAR	EMDM
EQRR		0.9	0.82	0.3	0.94	0.95	0.92	0.89	0.88	EQRR
ASCE	0.9		0.7	0.44	0.88	0.91	0.81	0.91	0.8	ASCE
ERET	0.82	0.7		-0.13	0.89	0.83	0.93	0.76	0.91	ERET
LBO	0.3	0.44	-0.13		0.1	0.3	-0.03	0.37	0.0	LBO
JHID	0.94	0.88	0.89	0.1		0.92	0.97	0.89	0.97	JHID
EBIT	0.95	0.91	0.83	0.3	0.92		0.9	0.88	0.85	EBIT
SEA	0.92	0.81	0.93	-0.03	0.97	0.9		0.84	0.96	SEA
WAR	0.89	0.91	0.76	0.37	0.89	0.88	0.84		0.89	WAR
EMDM	0.88	0.8	0.91	0.0	0.97	0.85	0.96	0.89		EMDM
	EQRR	ASCE	ERET	LBO	JHID	EBIT	SEA	WAR	EMDM

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

SEA	+ 0.97	JHID
EMDM	+ 0.97	JHID
EMDM	+ 0.96	SEA
EBIT	+ 0.95	EQRR
JHID	+ 0.94	EQRR
SEA	+ 0.93	ERET

High negative correlations

LBO	- 0.13	ERET
SEA	- 0.03	LBO
EMDM	- 0.0	LBO

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
EQRR	0.68	0.08	0.07	0.18	0.87	(0.71)	1.54	(1.80)	4.11
ASCE	0.96	0.15	0.06	2.32	0.97	(1.04)	2.14	(1.88)	4.59
ERET	0.43	0.08	0.04	0.31	0.34	(0.45)	1.12	(0.72)	2.74
LBO	1.03	(0.13)	0.00	(0.02)	0.00	0.00	2.17	(3.13)	7.23
JHID	0.54	0.20	0.25	0.42	0.18	(0.65)	1.21	(0.79)	3.46
EBIT	0.83	0.09	0.12	0.18	0.64	(1.11)	2.39	(1.60)	4.82
SEA	0.66	0.18	0.15	0.37	0.60	(0.74)	1.50	(1.29)	3.62
WAR	1.30	0.03	0.04	0.11	1.60	(1.42)	2.54	(2.71)	7.85
EMDM	0.87	0.29	0.24	0.47	0.75	(1.01)	2.15	(1.47)	6.46

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