IShares MSCI Correlations

ISJP Etf

JPY 9,215 143.00 1.58%

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 poor diversification

The correlation between iShares MSCI Japan and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Japan and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares MSCI Japan to buy it.

Moving together with IShares Etf

0.77	DCEUAS	UBS Fund Solutions	Pair Corr
0.93	AUEM	Amundi Index Solutions	Pair Corr
0.99	SJPA	iShares Core MSCI	Pair Corr
0.9	HMXJ	HSBC MSCI Pacific	Pair Corr
0.69	US3	Amundi Treasury Bond	Pair Corr
0.83	SAUS	iShares MSCI Australia	Pair Corr
0.93	EGUSAS	UBS Fund Solutions	Pair Corr
0.87	SXEPEX	iShares STOXX Europe	Pair Corr
0.91	IBTS	iShares Treasury Bond	Pair Corr
0.91	HMEU	HSBC MSCI Europe	Pair Corr
0.78	CBUSAC	UBSFund Solutions	Pair Corr
0.89	SW2CHB	UBSFund Solutions MSCI	Pair Corr
0.94	CSUKX	iShares VII PLC	Pair Corr
0.91	EUFM	UBSFund Solutions MSCI	Pair Corr
0.93	SEMA	iShares MSCI EM	Pair Corr
0.89	SX5E	Invesco EURO STOXX	Pair Corr
0.87	RGLDS	Raiffeisen ETF Solid	Pair Corr
0.99	JPESG	UBS ETF plc	Pair Corr
0.85	ESGW	Invesco MSCI World	Pair Corr
0.93	EMMUKD	UBSFund Solutions MSCI	Pair Corr
0.88	CAPH	Ossiam Shiller Barclays	Pair Corr
0.93	XLPS	Invesco Consumer Staples	Pair Corr
0.92	SXLE	SPDR SP Energy	Pair Corr
0.62	SPXS	Invesco SP 500	Pair Corr
0.9	SPICHA	UBS ETF SPI	Pair Corr
0.84	GGMUSY	UBS ETF plc	Pair Corr
0.82	ROBO	LG ROBO Global	Pair Corr
0.62	ITPS	iShares TIPS UCITS	Pair Corr
0.85	GENDET	UBS ETF plc	Pair Corr
0.97	JPNY	Amundi Index Solutions	Pair Corr
0.75	HYLC	iShares Global High	Pair Corr
0.89	CBUS5A	UBSFund Solutions	Pair Corr

Related Correlations Analysis

	ISJP	UT1US	BCCMA	EMMUSA	AWSRIS	EHYC	RS2K	HYLC	MXWO	PAEU
ISJP		0.93	0.82	0.91	0.76	0.77	0.77	0.75	0.81	0.89	ISJP
UT1US	0.93		0.76	0.84	0.75	0.75	0.74	0.8	0.82	0.81	UT1US
BCCMA	0.82	0.76		0.9	0.8	0.86	0.76	0.72	0.86	0.88	BCCMA
EMMUSA	0.91	0.84	0.9		0.87	0.89	0.82	0.78	0.89	0.93	EMMUSA
AWSRIS	0.76	0.75	0.8	0.87		0.9	0.91	0.87	0.93	0.81	AWSRIS
EHYC	0.77	0.75	0.86	0.89	0.9		0.81	0.82	0.93	0.85	EHYC
RS2K	0.77	0.74	0.76	0.82	0.91	0.81		0.84	0.85	0.78	RS2K
HYLC	0.75	0.8	0.72	0.78	0.87	0.82	0.84		0.86	0.74	HYLC
MXWO	0.81	0.82	0.86	0.89	0.93	0.93	0.85	0.86		0.84	MXWO
PAEU	0.89	0.81	0.88	0.93	0.81	0.85	0.78	0.74	0.84		PAEU
	ISJP	UT1US	BCCMA	EMMUSA	AWSRIS	EHYC	RS2K	HYLC	MXWO	PAEU

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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
ISJP	0.73	0.26	0.20	(4.20)	0.58	(0.88)	1.64	(1.37)	3.96
UT1US	0.08	0.01	(0.36)	0.47	0.00	(0.12)	0.20	(0.26)	0.59
BCCMA	0.77	0.10	0.03	0.82	1.05	(0.83)	1.73	(1.30)	7.22
EMMUSA	0.82	0.09	0.05	0.37	0.84	(0.91)	1.79	(1.60)	4.89
AWSRIS	0.64	0.01	(0.05)	0.11	0.88	(0.62)	1.66	(1.27)	4.34
EHYC	0.06	(0.01)	(0.31)	(0.10)	0.03	(0.23)	0.19	(0.19)	0.77
RS2K	0.90	0.06	0.02	0.17	0.95	(0.97)	1.70	(1.72)	5.74
HYLC	0.19	0.00	(0.22)	0.04	0.17	(0.27)	0.36	(0.36)	1.43
MXWO	0.54	0.03	(0.04)	0.33	0.76	(0.57)	1.17	(1.37)	4.11
PAEU	0.28	0.10	0.01	(0.45)	0.23	(0.47)	0.85	(0.70)	3.01

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Our tools can tell you how much better you can do entering a position in IShares MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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