IShares Core Correlations

The current 90-days correlation between iShares Core MSCI and iShares MSCI Pacific is 0.87 (i.e., Very poor diversification). The correlation of IShares Core 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.

IShares Core Correlation With Market

Poor diversification

The correlation between iShares Core MSCI and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI 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. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

0.97	VPL	Vanguard FTSE Pacific	Pair Corr
0.78	DVYA	iShares AsiaPacific	Pair Corr
0.61	OIH	VanEck Oil Services	Pair Corr
0.71	EWC	iShares MSCI Canada	Pair Corr
0.72	XLCI	Select Sector SPDR	Pair Corr
0.65	LPRE	Exchange Listed Funds	Pair Corr
0.79	ICOW	Pacer Developed Markets	Pair Corr
0.71	FID	First Trust Intl	Pair Corr
0.78	VFH	Vanguard Financials Index	Pair Corr
0.77	COWS	Amplify Cash Flow	Pair Corr
0.95	IXUS	iShares Core MSCI	Pair Corr
0.95	ESGD	iShares ESG Aware	Pair Corr
0.83	XC	WisdomTree Emerging	Pair Corr
0.95	VXUS	Vanguard Total Inter	Pair Corr
0.79	GAPR	First Trust Exchange	Pair Corr
0.88	DEXC	Dimensional ETF Trust	Pair Corr
0.85	NVBW	AIM ETF Products	Pair Corr

Related Correlations Analysis

	EPP	IYG	EWW	DES	IXC	BBMC	HEDJ	AVSC	EWG	IWL
EPP		0.58	0.39	0.45	0.0	0.47	0.22	0.39	0.8	0.63	EPP
IYG	0.58		0.91	0.73	0.43	0.72	0.38	0.63	0.78	0.74	IYG
EWW	0.39	0.91		0.68	0.58	0.74	0.48	0.66	0.57	0.73	EWW
DES	0.45	0.73	0.68		0.21	0.91	0.51	0.85	0.73	0.6	DES
IXC	0.0	0.43	0.58	0.21		0.32	0.43	0.2	0.01	0.5	IXC
BBMC	0.47	0.72	0.74	0.91	0.32		0.68	0.88	0.67	0.69	BBMC
HEDJ	0.22	0.38	0.48	0.51	0.43	0.68		0.75	0.3	0.48	HEDJ
AVSC	0.39	0.63	0.66	0.85	0.2	0.88	0.75		0.64	0.57	AVSC
EWG	0.8	0.78	0.57	0.73	0.01	0.67	0.3	0.64		0.53	EWG
IWL	0.63	0.74	0.73	0.6	0.5	0.69	0.48	0.57	0.53		IWL
	EPP	IYG	EWW	DES	IXC	BBMC	HEDJ	AVSC	EWG	IWL

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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

EWW	+ 0.91	IYG
BBMC	+ 0.91	DES
AVSC	+ 0.88	BBMC
AVSC	+ 0.85	DES
EWG	+ 0.8	EPP
EWG	+ 0.78	IYG

High negative correlations

IXC

- 0.0

EPP

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
EPP	0.64	(0.06)	(0.08)	0.01	0.89	(0.60)	1.23	(1.40)	3.24
IYG	0.73	0.03	0.04	0.11	0.94	(0.80)	1.50	(1.66)	3.99
EWW	0.92	0.08	0.05	0.21	0.83	(1.05)	1.93	(1.45)	4.37
DES	0.70	0.00	(0.06)	0.08	0.85	(0.78)	1.93	(1.63)	4.18
IXC	0.86	0.01	(0.04)	0.11	1.08	(0.89)	1.68	(1.24)	4.80
BBMC	0.85	0.05	(0.01)	0.27	1.06	(0.87)	1.65	(1.65)	4.39
HEDJ	0.57	0.08	0.00	1.30	0.63	(0.65)	1.05	(1.18)	2.89
AVSC	0.86	0.05	(0.04)	(1.00)	1.02	(1.00)	2.09	(1.82)	4.35
EWG	0.66	(0.05)	(0.07)	0.03	0.84	(0.66)	1.21	(1.35)	3.29
IWL	0.61	(0.03)	(0.05)	0.05	0.87	(0.57)	1.41	(1.24)	3.32

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