IShares MSCI Correlations

IMTM Etf

USD 39.21 0.28 0.71%

The current 90-days correlation between iShares MSCI Intl and iShares MSCI Intl is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Intl moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI Intl and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Intl 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 Intl. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with IShares Etf

0.96	VEA	Vanguard FTSE Developed	Pair Corr
0.96	IEFA	iShares Core MSCI	Pair Corr
0.92	VEU	Vanguard FTSE All	Pair Corr
0.96	EFA	iShares MSCI EAFE	Pair Corr
0.93	IXUS	iShares Core MSCI	Pair Corr
0.97	SPDW	SPDR SP World	Pair Corr
0.98	IDEV	iShares Core MSCI	Pair Corr
0.96	ESGD	iShares ESG Aware	Pair Corr
0.95	JIRE	JP Morgan Exchange	Pair Corr
0.9	DFAX	Dimensional World	Pair Corr
0.68	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.64	HD	Home Depot	Pair Corr

Related Correlations Analysis

	IQLT	IVLU	EMGF	ISCF	SMLF
IQLT		0.8	0.74	0.79	0.16	IQLT
IVLU	0.8		0.66	0.84	0.14	IVLU
EMGF	0.74	0.66		0.75	0.02	EMGF
ISCF	0.79	0.84	0.75		0.42	ISCF
SMLF	0.16	0.14	0.02	0.42		SMLF
	IQLT	IVLU	EMGF	ISCF	SMLF

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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
IQLT	0.57	(0.02)	0.00	(0.51)	0.00	0.00	1.05	(1.33)	4.14
IVLU	0.58	(0.01)	(0.08)	0.07	0.77	(0.61)	1.22	(1.62)	3.50
EMGF	0.66	(0.08)	0.00	(0.16)	0.00	0.00	1.27	(1.83)	4.78
ISCF	0.66	(0.02)	(0.09)	0.03	0.86	(0.64)	1.38	(1.41)	4.55
SMLF	0.86	0.06	0.02	0.20	1.07	(0.91)	1.82	(1.33)	8.96

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IShares MSCI Correlations

IShares MSCI Correlation With Market

Weak diversification

Moving together with IShares Etf

Related Correlations Analysis

IShares MSCI Constituents Risk-Adjusted Indicators

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