IShares MSCI Correlations

IQLT Etf

USD 47.98 0.86 1.83%

The current 90-days correlation between iShares MSCI Intl and Victory Select Fund is 0.79 (i.e., Poor diversification). 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

Almost no diversification

The correlation between iShares MSCI Intl and DJI is 0.92 (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 metropolitan statistical area.

Moving together with IShares Etf

1.0	VEA	Vanguard FTSE Developed	Pair Corr
1.0	IEFA	iShares Core MSCI	Pair Corr
0.99	VEU	Vanguard FTSE All	Pair Corr
1.0	EFA	iShares MSCI EAFE Aggressive Push	Pair Corr
0.99	IXUS	iShares Core MSCI	Pair Corr
1.0	SPDW	SPDR SP World	Pair Corr
1.0	IDEV	iShares Core MSCI	Pair Corr
1.0	ESGD	iShares ESG Aware	Pair Corr
1.0	JIRE	JP Morgan Exchange	Pair Corr
0.99	DFAX	Dimensional World	Pair Corr
0.92	MUU	Direxion Daily MU	Pair Corr
0.94	MULL	GraniteShares 2x Long	Pair Corr
0.86	AGQ	ProShares Ultra Silver	Pair Corr
0.91	JNUG	Direxion Daily Junior	Pair Corr
0.89	GDXU	MicroSectors Gold Miners	Pair Corr
0.91	KORU	Direxion Daily South	Pair Corr
0.92	NUGT	Direxion Daily Gold	Pair Corr
0.88	SHNY	Microsectors Gold	Pair Corr
0.94	SIL	Global X Silver	Pair Corr
0.93	SIVR	abrdn Physical Silver	Pair Corr
0.86	RDIV	Invesco SP Ultra	Pair Corr
0.89	VBK	Vanguard Small Cap	Pair Corr
0.96	BINC	BlackRock ETF Trust	Pair Corr
0.92	AHYB	American Century ETF	Pair Corr
0.86	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.8	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.76	INTC	Intel Aggressive Push	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.93	BA	Boeing	Pair Corr

Moving against IShares Etf

0.68	MSFT	Microsoft	Pair Corr
0.51	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SPSM	PFF	IWN	EMXC	MOAT	HDV	DFUV	SCHM	ESGD	VFSAX
SPSM		0.94	0.96	0.84	0.93	0.78	0.97	0.99	0.92	0.91	SPSM
PFF	0.94		0.92	0.9	0.89	0.72	0.93	0.96	0.95	0.94	PFF
IWN	0.96	0.92		0.86	0.89	0.84	0.96	0.96	0.93	0.93	IWN
EMXC	0.84	0.9	0.86		0.72	0.86	0.9	0.89	0.96	0.98	EMXC
MOAT	0.93	0.89	0.89	0.72		0.6	0.9	0.94	0.84	0.82	MOAT
HDV	0.78	0.72	0.84	0.86	0.6		0.84	0.78	0.83	0.87	HDV
DFUV	0.97	0.93	0.96	0.9	0.9	0.84		0.98	0.97	0.95	DFUV
SCHM	0.99	0.96	0.96	0.89	0.94	0.78	0.98		0.95	0.94	SCHM
ESGD	0.92	0.95	0.93	0.96	0.84	0.83	0.97	0.95		0.98	ESGD
VFSAX	0.91	0.94	0.93	0.98	0.82	0.87	0.95	0.94	0.98		VFSAX
	SPSM	PFF	IWN	EMXC	MOAT	HDV	DFUV	SCHM	ESGD	VFSAX

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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
SPSM	0.82	0.09	0.10	0.12	0.79	(0.95)	1.86	(1.78)	4.98
PFF	0.30	0.00	(0.05)	0.05	0.33	(0.33)	0.61	(0.57)	1.54
IWN	0.79	0.17	0.15	0.81	0.75	(0.86)	1.94	(1.37)	4.66
EMXC	0.74	0.15	0.14	0.28	0.79	(0.80)	1.61	(1.48)	4.37
MOAT	0.68	0.01	0.01	0.04	0.73	(0.74)	1.74	(1.12)	4.01
HDV	0.51	0.19	0.28	1.39	0.00	(0.58)	1.41	(0.71)	2.75
DFUV	0.61	0.12	0.16	0.17	0.49	(0.68)	1.44	(1.15)	2.97
SCHM	0.72	0.07	0.08	0.11	0.76	(0.80)	1.72	(1.30)	3.61
ESGD	0.61	0.07	0.08	0.13	0.71	(0.62)	1.18	(1.41)	3.04
VFSAX	0.55	0.09	0.10	0.20	0.58	(0.56)	1.15	(1.14)	3.39

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