IShares MSCI Correlations

LTAM Etf

EUR 18.96 0.05 0.26%

The current 90-days correlation between iShares MSCI EM and iShares Core FTSE is 0.37 (i.e., Weak 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

Poor diversification

The correlation between iShares MSCI EM and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI EM 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 EM to buy it.

Moving together with IShares Etf

0.67	JPXY	Amundi Index Solutions	Pair Corr
0.86	TSWE	VanEck Sustainable World	Pair Corr
0.88	TDT	VanEck AEX UCITS	Pair Corr
0.65	SBIO	Invesco NASDAQ Biotech	Pair Corr
0.83	TEET	VanEck European Equal	Pair Corr
0.76	RTWO	LG Russell 2000	Pair Corr
0.87	VJPN	Vanguard FTSE Japan	Pair Corr
0.94	SXLE	SSgA SPDR ETFs	Pair Corr
0.97	VAPX	Vanguard FTSE Developed	Pair Corr
0.84	CSX5	iShares VII PLC	Pair Corr
0.81	BATT	Legal General UCITS	Pair Corr
0.73	DHYD	iShares II plc	Pair Corr
0.7	PHAG	WisdomTree Physical	Pair Corr
0.94	IBCX	iShares Euro Corporate	Pair Corr
0.89	IJPE	iShares MSCI Japan	Pair Corr
0.95	SXLB	SSgA SPDR ETFs	Pair Corr
0.96	ICOW	Pacer Developed Markets	Pair Corr
0.86	CEUU	iShares Core MSCI	Pair Corr
0.8	V20D	Vanguard LifeStrategy	Pair Corr
0.9	SXLI	SPDR SP Industrials	Pair Corr
0.73	EXA1	iShares EURO STOXX	Pair Corr
0.93	IEGE	iShares III Public	Pair Corr
0.94	ITWN	iShares MSCI Taiwan	Pair Corr
0.95	SEMI	iShares MSCI Global	Pair Corr
0.9	ERNE	iShares Euro Ultrashort	Pair Corr
0.87	COWZ	Pacer Us Cash	Pair Corr
0.98	INRA	iShares Global Clean	Pair Corr
0.96	IKRA	iShares Public	Pair Corr
0.77	ISED	iShares MSCI Europe	Pair Corr
0.73	IWDE	iShares MSCI World	Pair Corr
0.75	CALF	Pacer Small Cap	Pair Corr
0.91	SJPD	iShares Core MSCI	Pair Corr
0.83	CBE7	iShares VII Public	Pair Corr
0.63	SUOU	iShares Corp Bond	Pair Corr
0.91	ISFA	iShares Core FTSE	Pair Corr
0.88	IMAE	iShares Core MSCI	Pair Corr

Related Correlations Analysis

	UIMR	EWSA	IESE	SLXU	TI5A	V20D	IUHE	SJPD	ISFA
UIMR		0.7	0.83	0.69	0.5	0.57	0.42	0.62	0.74	UIMR
EWSA	0.7		0.93	0.93	0.82	0.8	0.5	0.91	0.96	EWSA
IESE	0.83	0.93		0.87	0.75	0.81	0.55	0.82	0.95	IESE
SLXU	0.69	0.93	0.87		0.72	0.75	0.47	0.82	0.89	SLXU
TI5A	0.5	0.82	0.75	0.72		0.73	0.42	0.91	0.86	TI5A
V20D	0.57	0.8	0.81	0.75	0.73		0.46	0.77	0.84	V20D
IUHE	0.42	0.5	0.55	0.47	0.42	0.46		0.43	0.51	IUHE
SJPD	0.62	0.91	0.82	0.82	0.91	0.77	0.43		0.92	SJPD
ISFA	0.74	0.96	0.95	0.89	0.86	0.84	0.51	0.92		ISFA
	UIMR	EWSA	IESE	SLXU	TI5A	V20D	IUHE	SJPD	ISFA

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
UIMR	0.47	0.00	(0.05)	0.07	0.57	(0.50)	1.01	(0.92)	2.78
EWSA	0.65	0.19	0.17	7.03	0.47	(0.77)	1.63	(1.08)	3.23
IESE	0.47	0.08	0.04	4.31	0.44	(0.52)	1.05	(0.58)	3.14
SLXU	0.10	0.03	0.00	6.89	0.00	0.00	0.35	(0.17)	1.21
TI5A	0.08	0.00	(0.49)	0.02	0.00	(0.10)	0.18	(0.15)	0.43
V20D	0.08	0.00	0.00	0.00	0.00	0.00	0.27	(0.22)	0.89
IUHE	0.58	0.02	(0.04)	0.39	0.60	(0.70)	1.40	(0.99)	3.81
SJPD	0.71	0.20	0.16	3.37	0.66	(0.82)	2.12	(1.23)	4.67
ISFA	0.48	0.16	0.14	(1.47)	0.42	(0.58)	1.21	(0.93)	3.01

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.

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