IShares MSCI Correlations

Etfs USA . 
Etf . iShares MSCI Intl
ISCF Etf  USD 32.84  0.21  0.64%   
The current 90-days correlation between iShares MSCI Intl and iShares Currency Hedged is 0.82 (i.e., Very 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.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI Intl and DJI is 0.42 (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 main economic indicators.

Moving together with IShares Etf

  0.93SCZ iShares MSCI EAFE Sell-off TrendPairCorr
  0.97VSS Vanguard FTSE AllPairCorr
  0.96GWX SPDR SP InternationalPairCorr
  0.97DFIS Dimensional ETF TrustPairCorr
  0.61HSCZ iShares Currency HedgedPairCorr
  0.63VZ Verizon Communications Aggressive PushPairCorr
  0.62PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.67KO Coca Cola Aggressive PushPairCorr

Moving against IShares Etf

  0.51MEME Roundhill InvestmentsPairCorr
  0.49STCE Schwab Strategic TrustPairCorr
  0.46RSPY Tuttle Capital ManagementPairCorr
  0.43WGMI Valkyrie Bitcoin MinersPairCorr
  0.33DSJA DSJAPairCorr
  0.33WMT Walmart Aggressive PushPairCorr
  0.61JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.54BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.37TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Related Correlations Analysis

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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   
EMGF
+ 0.88
HSCZ
IMTM
+ 0.87
INTF
IMTM
+ 0.57
HSCZ
EMGF
+ 0.57
IMTM
SMLF
+ 0.5
HSCZ
EMGF
+ 0.41
INTF
  
High negative correlations   
INTF
- 0.46
SMLF
IMTM
- 0.17
SMLF

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.

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