IShares MSCI Correlations

ISWD Etf

USD 59.78 0.43 0.71%

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 World 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 World 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 World to buy it.

Moving together with IShares Etf

0.91	GDXJ	VanEck Junior Gold	Pair Corr
0.92	AUCO	LG Gold Mining	Pair Corr
0.92	ESGO	AuAg Gold Mining	Pair Corr
0.89	ZSILUS	ZKB Silver ETF	Pair Corr
0.88	SVUSA	UBS ETF Silver	Pair Corr
0.91	GDX	VanEck Gold Miners	Pair Corr
0.9	GGMUSY	UBS ETF plc	Pair Corr
0.92	IAUP	iShares Gold Producers	Pair Corr
0.88	ZSILHE	ZKB Silver ETF	Pair Corr
0.91	EMUEUA	UBSFund Solutions MSCI	Pair Corr
0.9	SX7PEX	iShares STOXX Europe	Pair Corr
0.84	XMJP	Xtrackers MSCI Japan	Pair Corr
0.93	C50	Amundi Index Solutions	Pair Corr
0.94	WOPA	UBS ETF plc	Pair Corr
0.84	IAEX	iShares AEX UCITS	Pair Corr
0.91	LYBNK	Multi Units Luxembourg	Pair Corr
0.87	XMME	Xtrackers MSCI Emerging	Pair Corr
0.89	AUEUAH	UBS ETF Gold	Pair Corr
0.88	DCCHAS	UBS Fund Solutions	Pair Corr
0.87	JPNUKD	UBSFund Solutions MSCI	Pair Corr
0.91	XLIS	Invesco Industrials	Pair Corr
0.92	AUEM	Amundi Index Solutions	Pair Corr
0.85	SJPA	iShares Core MSCI	Pair Corr
0.85	IUSE	iShares SP 500	Pair Corr
0.91	CCUSAS	UBS Fund Solutions	Pair Corr
0.88	ZSILHC	ZKB Silver ETF	Pair Corr
0.81	STWX	SPDR MSCI Europe	Pair Corr
0.91	ZGLDHE	ZKB Gold ETF	Pair Corr
0.84	DCEUAS	UBS Fund Solutions	Pair Corr
0.82	SW2CHB	UBSFund Solutions MSCI	Pair Corr
0.81	USGBPA	UBS ETF plc	Pair Corr
0.91	RBOT	iShares Automation	Pair Corr
0.9	SXLI	SPDR SP Industrials	Pair Corr
0.84	IJPN	iShares MSCI Japan	Pair Corr
0.91	FTAL	SPDR FTSE UK	Pair Corr

Moving against IShares Etf

0.67

XRPL

CoinShares Physical XRP

Pair Corr

Related Correlations Analysis

	WSCSRI	WPAB	LYHLTW	IFFF	CISB	INAA	IU0A	CSKR
WSCSRI		0.0	0.8	0.87	0.9	0.84	0.91	0.0	WSCSRI
WPAB	0.0		0.0	0.0	0.0	0.0	0.0	1.0	WPAB
LYHLTW	0.8	0.0		0.55	0.56	0.65	0.79	0.0	LYHLTW
IFFF	0.87	0.0	0.55		0.9	0.74	0.8	0.0	IFFF
CISB	0.9	0.0	0.56	0.9		0.76	0.81	0.0	CISB
INAA	0.84	0.0	0.65	0.74	0.76		0.72	0.0	INAA
IU0A	0.91	0.0	0.79	0.8	0.81	0.72		0.0	IU0A
CSKR	0.0	1.0	0.0	0.0	0.0	0.0	0.0		CSKR
	WSCSRI	WPAB	LYHLTW	IFFF	CISB	INAA	IU0A	CSKR

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

CSKR	+ 1.0	WPAB
IU0A	+ 0.91	WSCSRI
CISB	+ 0.9	WSCSRI
CISB	+ 0.9	IFFF
IFFF	+ 0.87	WSCSRI
INAA	+ 0.84	WSCSRI

High negative correlations

CSKR	- 0.0	IU0A
CSKR	- 0.0	INAA
CSKR	- 0.0	CISB
CSKR	- 0.0	IFFF
CSKR	- 0.0	LYHLTW
IU0A	- 0.0	WPAB

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
WSCSRI	0.62	0.14	0.12	0.48	0.60	(0.71)	1.49	(0.80)	4.51
WPAB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LYHLTW	0.61	0.12	0.12	0.46	0.30	(0.97)	1.45	(1.02)	6.12
IFFF	0.84	0.18	0.07	1.22	1.19	(0.98)	1.89	(1.46)	7.67
CISB	0.76	0.12	0.03	(0.47)	1.14	(0.76)	1.79	(1.74)	4.96
INAA	0.49	0.01	(0.05)	0.13	0.78	(0.54)	0.98	(1.42)	4.33
IU0A	0.13	0.02	(0.20)	(0.60)	0.00	(0.21)	0.35	(0.18)	0.71
CSKR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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.

Did you try this?

Run Fundamentals Comparison Now

Fundamentals Comparison

Compare fundamentals across multiple equities to find investing opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC