IShares MSCI Correlations

IQLT Etf

USD 38.54 0.28 0.73%

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

Very weak diversification

The correlation between iShares MSCI Intl and DJI is 0.44 (i.e., Very 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 bureau of economic analysis.

Moving together with IShares Etf

0.99	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.89	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE	Pair Corr
0.89	IXUS	iShares Core MSCI	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.99	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.88	DFAX	Dimensional World	Pair Corr
0.72	GREI	Goldman Sachs Future	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.88	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against IShares Etf

0.78	FNTC	Direxion	Pair Corr
0.67	PXMV	Invesco SP MidCap	Pair Corr
0.66	MAGS	Roundhill Magnificent	Pair Corr
0.66	IGA	Voya Global Advantage	Pair Corr
0.41	IVH	IVH	Pair Corr
0.84	BAC	Bank of America Aggressive Push	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.75	DIS	Walt Disney Aggressive Push	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.68	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.68	T	ATT Inc Aggressive Push	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.6	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.42	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	AAVXF	444859BR2	SCRYY	AQUI	IPSHX	APAAX	BRRAY	MSTSX	LBHIX
AAVXF		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	AAVXF
444859BR2	0.0		-0.48	0.0	-0.67	0.05	0.22	-0.53	-0.54	444859BR2
SCRYY	0.0	-0.48		0.0	0.7	0.13	-0.15	0.37	0.45	SCRYY
AQUI	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
IPSHX	0.0	-0.67	0.7	0.0		-0.17	-0.08	0.56	0.61	IPSHX
APAAX	0.0	0.05	0.13	0.0	-0.17		-0.4	0.33	0.46	APAAX
BRRAY	0.0	0.22	-0.15	0.0	-0.08	-0.4		-0.45	-0.35	BRRAY
MSTSX	0.0	-0.53	0.37	0.0	0.56	0.33	-0.45		0.67	MSTSX
LBHIX	0.0	-0.54	0.45	0.0	0.61	0.46	-0.35	0.67		LBHIX
	AAVXF	444859BR2	SCRYY	AQUI	IPSHX	APAAX	BRRAY	MSTSX	LBHIX

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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

IPSHX	+ 0.7	SCRYY
LBHIX	+ 0.67	MSTSX
LBHIX	+ 0.61	IPSHX
MSTSX	+ 0.56	IPSHX
LBHIX	+ 0.46	APAAX
LBHIX	+ 0.45	SCRYY

High negative correlations

AQUI	- 1.0	AAVXF
IPSHX	- 0.67	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
SCRYY	- 0.48	444859BR2
MSTSX	- 0.45	BRRAY

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
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.09	0.30	0.05	(0.60)	2.04	(2.91)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPSHX	0.55	0.03	0.02	0.15	0.45	(0.68)	1.13	(0.98)	3.97
APAAX	0.13	0.00	(0.39)	0.09	0.16	(0.18)	0.31	(0.31)	1.13
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96

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