IShares MSCI Correlations

IFFF Etf

USD 79.90 1.35 1.66%

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 0.63 (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

0.92	EMAS	SPDR MSCI EM	Pair Corr
0.99	CSEMAS	iShares VII PLC	Pair Corr
0.98	AASU	Amundi Index Solutions	Pair Corr
0.92	AASI	Amundi Index Solutions	Pair Corr
0.96	HMAF	HSBC MSCI AC	Pair Corr
0.98	AJEUAS	UBS Fund Solutions	Pair Corr
0.85	CSNKY	iShares VII PLC	Pair Corr
0.75	CSSPX	iShares Core SP	Pair Corr
0.98	EIMI	iShares Core MSCI	Pair Corr
0.75	IUSA	iShares SP 500	Pair Corr
0.64	DAXEX	iShares Core DAX	Pair Corr
0.83	DJSXE	iShares Core EURO	Pair Corr
0.84	AUCHAH	UBS ETF Gold	Pair Corr
0.85	JREE	JPMorgan ETFs ICAV	Pair Corr
0.75	EMUEUA	UBSFund Solutions MSCI	Pair Corr
0.93	CCUSAS	UBS Fund Solutions	Pair Corr
0.63	COMF	LG Longer Dated	Pair Corr
0.85	EUREUA	UBS Core MSCI	Pair Corr
0.77	IJPN	iShares MSCI Japan	Pair Corr

Related Correlations Analysis

	INAA	CSGOLD	IU0A	IGIL	ISWD	LYHLTW	CSINDU	WSCSRI	WPAB
INAA		0.71	0.69	0.78	0.89	0.57	0.88	0.83	0.13	INAA
CSGOLD	0.71		0.88	0.83	0.84	0.72	0.8	0.91	0.15	CSGOLD
IU0A	0.69	0.88		0.73	0.75	0.84	0.84	0.87	0.21	IU0A
IGIL	0.78	0.83	0.73		0.9	0.57	0.75	0.85	-0.08	IGIL
ISWD	0.89	0.84	0.75	0.9		0.56	0.87	0.91	0.01	ISWD
LYHLTW	0.57	0.72	0.84	0.57	0.56		0.77	0.8	0.19	LYHLTW
CSINDU	0.88	0.8	0.84	0.75	0.87	0.77		0.93	0.15	CSINDU
WSCSRI	0.83	0.91	0.87	0.85	0.91	0.8	0.93		0.07	WSCSRI
WPAB	0.13	0.15	0.21	-0.08	0.01	0.19	0.15	0.07		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	+ 0.93	CSINDU
WSCSRI	+ 0.91	CSGOLD
WSCSRI	+ 0.91	ISWD
ISWD	+ 0.9	IGIL
ISWD	+ 0.89	INAA
CSINDU	+ 0.88	INAA

High negative correlations

WPAB

- 0.08

IGIL

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	0.48	0.05	0.00	2.51	0.68	(0.55)	1.21	(1.15)	4.88
CSGOLD	0.97	0.20	0.07	(8.26)	1.45	(1.23)	2.43	(2.77)	8.76
IU0A	0.11	0.00	(0.18)	(0.13)	0.05	(0.21)	0.35	(0.18)	0.71
IGIL	0.22	0.01	(0.13)	(0.04)	0.28	(0.22)	0.49	(0.53)	1.35
ISWD	0.70	0.04	(0.01)	(7.80)	1.20	(0.61)	1.21	(1.90)	5.63
LYHLTW	0.57	0.08	0.07	0.27	0.39	(0.96)	1.45	(1.13)	6.12
CSINDU	0.40	0.05	0.00	(1.86)	0.37	(0.54)	0.95	(0.73)	2.46
WSCSRI	0.63	0.07	0.04	0.24	0.71	(0.69)	1.44	(1.13)	4.51
WPAB	0.05	0.02	0.00	(1.13)	0.00	0.00	0.00	0.00	1.70

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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