IShares MSCI Correlations

IMTM Etf

USD 52.42 0.14 0.27%

The current 90-days correlation between iShares MSCI Intl and The 2023 ETF is 0.18 (i.e., Average 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

Almost no diversification

The correlation between iShares MSCI Intl and DJI is 0.91 (i.e., Almost no 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.

Build AI portfolio with IShares Etf

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 population.

Moving together with IShares Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.99	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE	Pair Corr
0.99	IXUS	iShares Core MSCI	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.98	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.97	DFAX	Dimensional World	Pair Corr
0.96	PCLN	2023 ETF	Pair Corr
0.96	MDY	SPDR SP MIDCAP	Pair Corr
0.92	SLYG	SPDR SP 600	Pair Corr
0.63	KRMA	Global X Conscious	Pair Corr
0.73	SPY	SPDR SP 500	Pair Corr
0.74	IVV	iShares Core SP	Pair Corr
0.95	SLYV	SPDR SP 600	Pair Corr
0.74	IXN	iShares Global Tech	Pair Corr
0.93	LALT	Invesco Multi Strategy	Pair Corr
0.95	MEXX	Direxion Daily MSCI	Pair Corr
0.82	DOO	BRP Inc Symbol Change	Pair Corr
0.83	GOCT	FT Cboe Vest	Pair Corr
0.96	PID	Invesco International	Pair Corr
0.9	EMIF	iShares Emerging Markets	Pair Corr
0.99	DFIC	Dimensional International	Pair Corr
0.75	BDEC	Innovator SP 500	Pair Corr
0.95	CVMC	Morgan Stanley ETF	Pair Corr
0.97	CFA	VictoryShares 500	Pair Corr
0.92	GPGCX	Grandeur Peak Global	Pair Corr
0.92	QTAP	Innovator Growth 100	Pair Corr
0.86	DAUG	FT Cboe Vest	Pair Corr
0.8	IGEB	iShares Edge Investment	Pair Corr
0.98	DISV	Dimensional ETF Trust	Pair Corr
0.93	AUMI	Themes Gold Miners	Pair Corr
0.98	AVDS	Avantis International	Pair Corr
0.86	URA	Global X Uranium	Pair Corr
0.87	ERET	iShares Environmentally	Pair Corr
0.97	AVMC	American Century ETF	Pair Corr

Moving against IShares Etf

0.76	IGV	iShares Expanded Tech	Pair Corr
0.68	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	EWC	IVLU	DON	AAXJ	CGDG	XT	ITB	EMLP	DEM	EAGL
EWC		0.91	0.89	0.86	0.9	0.93	0.68	0.64	0.85	0.64	EWC
IVLU	0.91		0.97	0.94	0.96	0.84	0.78	0.84	0.97	0.39	IVLU
DON	0.89	0.97		0.9	0.93	0.82	0.88	0.82	0.92	0.39	DON
AAXJ	0.86	0.94	0.9		0.94	0.84	0.75	0.84	0.97	0.4	AAXJ
CGDG	0.9	0.96	0.93	0.94		0.84	0.79	0.83	0.93	0.46	CGDG
XT	0.93	0.84	0.82	0.84	0.84		0.63	0.53	0.79	0.75	XT
ITB	0.68	0.78	0.88	0.75	0.79	0.63		0.79	0.78	0.25	ITB
EMLP	0.64	0.84	0.82	0.84	0.83	0.53	0.79		0.91	-0.05	EMLP
DEM	0.85	0.97	0.92	0.97	0.93	0.79	0.78	0.91		0.28	DEM
EAGL	0.64	0.39	0.39	0.4	0.46	0.75	0.25	-0.05	0.28		EAGL
	EWC	IVLU	DON	AAXJ	CGDG	XT	ITB	EMLP	DEM	EAGL

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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

DON	+ 0.97	IVLU
DEM	+ 0.97	IVLU
DEM	+ 0.97	AAXJ
CGDG	+ 0.96	IVLU
AAXJ	+ 0.94	IVLU
CGDG	+ 0.94	AAXJ

High negative correlations

EAGL

- 0.05

EMLP

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
EWC	0.68	0.15	0.10	0.28	0.98	(0.70)	1.35	(1.40)	5.37
IVLU	0.62	0.22	0.27	0.37	0.30	(0.76)	1.55	(1.20)	3.46
DON	0.63	0.10	0.14	0.19	0.45	(0.73)	1.86	(1.09)	3.53
AAXJ	0.72	0.15	0.17	0.29	0.58	(0.88)	1.90	(1.26)	5.05
CGDG	0.53	0.12	0.06	(0.75)	0.53	(0.57)	0.90	(0.97)	3.15
XT	0.70	0.03	0.02	0.10	0.87	(0.72)	1.25	(1.46)	3.89
ITB	1.33	0.16	0.15	0.19	0.96	(1.79)	4.22	(2.07)	8.51
EMLP	0.52	0.17	0.20	1.77	0.27	(0.60)	0.99	(0.87)	3.01
DEM	0.46	0.14	0.21	0.43	0.14	(0.57)	1.22	(0.78)	3.08
EAGL	0.67	0.04	(0.03)	(2.50)	0.77	(0.68)	1.29	(1.26)	3.97

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