IShares MSCI Correlations

IEUS Etf

USD 56.22 0.69 1.24%

The current 90-days correlation between iShares MSCI Europe and iShares MSCI Emerging is 0.67 (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

Modest diversification

The correlation between iShares MSCI Europe and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Europe and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IShares Etf

0.88	VGK	Vanguard FTSE Europe	Pair Corr
0.87	BBEU	JPMorgan BetaBuilders	Pair Corr
0.78	IEUR	iShares Core MSCI	Pair Corr
0.76	IEV	iShares Europe ETF	Pair Corr
0.76	FEP	First Trust Europe	Pair Corr
0.61	KO	Coca Cola Earnings Call This Week	Pair Corr

Moving against IShares Etf

0.38

DIS

Walt Disney Earnings Call This Week

Pair Corr

Related Correlations Analysis

	EEMA	IPKW	FEUZ	QAT	IEUR
EEMA		0.36	0.31	0.62	0.41	EEMA
IPKW	0.36		0.94	0.54	0.94	IPKW
FEUZ	0.31	0.94		0.48	0.95	FEUZ
QAT	0.62	0.54	0.48		0.46	QAT
IEUR	0.41	0.94	0.95	0.46		IEUR
	EEMA	IPKW	FEUZ	QAT	IEUR

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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
EEMA	0.77	(0.07)	0.00	(0.16)	0.00	0.00	1.52	(2.02)	5.77
IPKW	0.68	0.01	(0.06)	0.21	0.94	(0.67)	1.25	(1.54)	3.72
FEUZ	0.76	0.02	(0.05)	(0.09)	1.06	(0.79)	1.88	(1.57)	5.85
QAT	0.46	(0.02)	(0.11)	(0.04)	0.61	(0.49)	0.96	(1.06)	2.90
IEUR	0.61	0.00	(0.07)	0.06	0.85	(0.64)	1.24	(1.48)	3.79

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