IShares MSCI Correlations

IEUS Etf

USD 55.19 0.94 1.73%

The current 90-days correlation between iShares MSCI Europe and iShares MSCI Netherlands is 0.62 (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 0.27 (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

0.99	VGK	Vanguard FTSE Europe	Pair Corr
0.97	EZU	iShares MSCI Eurozone	Pair Corr
0.99	BBEU	JPMorgan BetaBuilders	Pair Corr
0.99	IEUR	iShares Core MSCI	Pair Corr
0.96	FEZ	SPDR EURO STOXX	Pair Corr
0.99	IEV	iShares Europe ETF	Pair Corr
0.72	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.78	DBEU	Xtrackers MSCI Europe	Pair Corr
0.66	HEZU	iShares Currency Hedged	Pair Corr
0.94	FEP	First Trust Europe	Pair Corr
0.87	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.91	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against IShares Etf

0.85	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.83	YCS	ProShares UltraShort Yen	Pair Corr
0.78	TBT	ProShares UltraShort	Pair Corr
0.73	SGG	Barclays Capital	Pair Corr
0.71	AMZA	InfraCap MLP ETF	Pair Corr
0.68	DIG	ProShares Ultra Oil	Pair Corr
0.64	MLPR	ETRACS Quarterly Pay	Pair Corr
0.41	USD	ProShares Ultra Semi	Pair Corr
0.88	BAC	Bank of America Aggressive Push	Pair Corr
0.87	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr
0.8	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.5	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.34	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	EWQ	EWU	EWP	EWN
EWQ		0.95	0.85	0.96	EWQ
EWU	0.95		0.8	0.94	EWU
EWP	0.85	0.8		0.78	EWP
EWN	0.96	0.94	0.78		EWN
	EWQ	EWU	EWP	EWN

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EWQ	0.77	(0.22)	(0.42)	1.51	(1.98)	5.71
EWU	0.61	(0.14)	(0.22)	1.04	(1.20)	3.22
EWP	0.81	(0.05)	1.15	1.33	(1.82)	6.90
EWN	0.88	(0.24)	(0.32)	1.55	(1.86)	7.34

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