IShares MSCI Correlations

IFFF Etf

USD 85.60 0.96 1.13%

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 AC and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI AC 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 AC to buy it.

Moving together with IShares Etf

0.97	EMAS	SPDR MSCI EM	Pair Corr
0.99	CSEMAS	iShares VII PLC	Pair Corr
0.99	AASU	Amundi Index Solutions	Pair Corr
0.97	AASI	Amundi Index Solutions	Pair Corr
0.99	AJEUAS	UBS Fund Solutions	Pair Corr
0.72	SX7EEX	iShares EURO STOXX	Pair Corr
0.88	GGMUSY	UBS ETF plc	Pair Corr
0.81	SX7PEX	iShares STOXX Europe	Pair Corr
0.88	AUCO	LG Gold Mining	Pair Corr
0.81	X7PS	Invesco STOXX Europe	Pair Corr
0.9	MAGB	Market Access NYSE	Pair Corr
0.88	GDX	VanEck Gold Miners	Pair Corr
0.89	IAUP	iShares Gold Producers	Pair Corr
0.75	ZSILEU	ZKB Silver ETF	Pair Corr
0.89	TDIV	VanEck Morningstar	Pair Corr
0.88	CBMDAX	Amundi Index Solutions	Pair Corr
0.9	HMJP	HSBC MSCI JAPAN	Pair Corr
0.97	IEMS	iShares MSCI EM	Pair Corr
0.95	HMXJ	HSBC MSCI Pacific	Pair Corr
0.75	ZSILHE	ZKB Silver ETF	Pair Corr
0.87	EUN	iShares STOXX Europe	Pair Corr
0.7	IE0C	iShares Corp Bond	Pair Corr
0.77	LYLVD	MULTI UNITS LUXEMBOURG	Pair Corr
0.97	PEHH	Invesco FTSE RAFI	Pair Corr
0.9	PEF	Invesco FTSE RAFI	Pair Corr
0.75	ESGEMD	UBSFund Solutions	Pair Corr
0.82	XSMI	Xtrackers Switzerland	Pair Corr
0.77	XSGI	Xtrackers SP Global	Pair Corr
0.92	TPXY	Amundi Index Solutions	Pair Corr
0.91	JPHG	Amundi Index Solutions	Pair Corr
0.97	HTWN	HSBC MSCI Taiwan	Pair Corr
0.74	IWDC	iShares MSCI World	Pair Corr

Related Correlations Analysis

	INAA	CSGOLD	IU0A	IGIL	ISWD	LYHLTW	CSINDU	WSCSRI	WPAB
INAA		0.62	0.55	0.6	0.79	0.54	0.78	0.73	0.0	INAA
CSGOLD	0.62		0.9	0.92	0.92	0.69	0.83	0.93	0.0	CSGOLD
IU0A	0.55	0.9		0.92	0.89	0.75	0.86	0.91	0.0	IU0A
IGIL	0.6	0.92	0.92		0.92	0.73	0.82	0.91	0.0	IGIL
ISWD	0.79	0.92	0.89	0.92		0.73	0.92	0.97	0.0	ISWD
LYHLTW	0.54	0.69	0.75	0.73	0.73		0.76	0.82	0.0	LYHLTW
CSINDU	0.78	0.83	0.86	0.82	0.92	0.76		0.94	0.0	CSINDU
WSCSRI	0.73	0.93	0.91	0.91	0.97	0.82	0.94		0.0	WSCSRI
WPAB	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		WPAB
	INAA	CSGOLD	IU0A	IGIL	ISWD	LYHLTW	CSINDU	WSCSRI	WPAB

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

WSCSRI	+ 0.97	ISWD
WSCSRI	+ 0.94	CSINDU
WSCSRI	+ 0.93	CSGOLD
IGIL	+ 0.92	CSGOLD
ISWD	+ 0.92	CSGOLD
IGIL	+ 0.92	IU0A

High negative correlations

WPAB	- 0.0	WSCSRI
WPAB	- 0.0	CSINDU
WPAB	- 0.0	LYHLTW
WPAB	- 0.0	ISWD
WPAB	- 0.0	IGIL
WPAB	- 0.0	IU0A

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
INAA	0.49	0.01	(0.09)	0.16	0.78	(0.52)	0.96	(1.42)	3.17
CSGOLD	1.28	0.34	0.13	3.09	1.48	(1.63)	2.85	(2.77)	9.58
IU0A	0.12	0.00	(0.35)	0.00	0.00	(0.20)	0.18	(0.18)	0.70
IGIL	0.23	0.03	(0.19)	0.86	0.18	(0.24)	0.56	(0.43)	1.35
ISWD	0.67	0.08	0.00	0.65	0.98	(0.65)	1.47	(1.61)	5.63
LYHLTW	0.61	0.12	0.07	0.64	0.32	(0.91)	1.45	(1.02)	6.12
CSINDU	0.47	0.06	(0.06)	(1.70)	0.46	(0.60)	1.20	(1.10)	2.72
WSCSRI	0.62	0.15	0.08	1.42	0.55	(0.71)	1.44	(0.80)	2.88
WPAB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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.

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