IShares MSCI Correlations

SCWS Etf

CHF 7.33 0.04 0.55%

The current 90-days correlation between iShares MSCI World and iShares Treasury Bond is 0.09 (i.e., Significant 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

Very poor diversification

The correlation between iShares MSCI World and DJI is 0.85 (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

0.82	IUSE	iShares SP 500	Pair Corr
0.93	XEOU	Xtrackers MSCI Europe	Pair Corr
0.89	IWDE	iShares MSCI World	Pair Corr
0.81	USEUWH	UBS ETF plc	Pair Corr
0.84	USCHWH	UBS ETF plc	Pair Corr
0.94	IWDC	iShares MSCI World	Pair Corr
0.65	IAEX	iShares AEX UCITS	Pair Corr
0.81	SWUSAH	UBS ETF MSCI	Pair Corr
0.84	IJPC	iShares MSCI Japan	Pair Corr
0.77	ZSILUS	ZKB Silver ETF	Pair Corr
0.82	GGMUSY	UBS ETF plc	Pair Corr
0.79	SVUSA	UBS ETF Silver	Pair Corr
0.72	AUCO	LG Gold Mining	Pair Corr
0.86	ZSILHE	ZKB Silver ETF	Pair Corr
0.86	ZSILHC	ZKB Silver ETF	Pair Corr
0.8	CSNKY	iShares VII PLC	Pair Corr

Moving against IShares Etf

0.4	AXRP	21Shares Ripple XRP	Pair Corr
0.35	ASOL	21Shares Solana staking	Pair Corr

Related Correlations Analysis

	XD9C	LQCE	IMEA	HIHC	EMCH	IBTC	AWESGS	SUOC	IDTC
XD9C		0.08	0.74	0.62	0.05	-0.2	0.0	0.01	-0.51	XD9C
LQCE	0.08		-0.2	0.0	0.14	0.32	0.0	0.33	0.54	LQCE
IMEA	0.74	-0.2		0.66	-0.06	-0.44	0.0	-0.02	-0.7	IMEA
HIHC	0.62	0.0	0.66		0.41	-0.31	0.0	0.26	-0.56	HIHC
EMCH	0.05	0.14	-0.06	0.41		-0.02	0.0	0.33	0.07	EMCH
IBTC	-0.2	0.32	-0.44	-0.31	-0.02		0.0	-0.25	0.59	IBTC
AWESGS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AWESGS
SUOC	0.01	0.33	-0.02	0.26	0.33	-0.25	0.0		0.03	SUOC
IDTC	-0.51	0.54	-0.7	-0.56	0.07	0.59	0.0	0.03		IDTC
	XD9C	LQCE	IMEA	HIHC	EMCH	IBTC	AWESGS	SUOC	IDTC

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

IMEA	+ 0.74	XD9C
HIHC	+ 0.66	IMEA
HIHC	+ 0.62	XD9C
IDTC	+ 0.59	IBTC
IDTC	+ 0.54	LQCE
EMCH	+ 0.41	HIHC

High negative correlations

IDTC	- 0.7	IMEA
IDTC	- 0.56	HIHC
IDTC	- 0.51	XD9C
IBTC	- 0.44	IMEA
IBTC	- 0.31	HIHC
SUOC	- 0.25	IBTC

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
XD9C	0.59	(0.01)	(0.08)	0.01	0.96	(0.54)	1.47	(1.35)	5.32
LQCE	0.25	0.00	(0.20)	0.01	0.28	(0.35)	0.44	(0.44)	1.55
IMEA	0.48	0.07	0.01	0.34	0.46	(0.50)	1.31	(0.94)	2.96
HIHC	0.11	0.00	(0.24)	(0.03)	0.13	(0.22)	0.36	(0.36)	1.09
EMCH	0.21	0.01	(0.26)	(0.43)	0.19	(0.32)	0.41	(0.41)	1.24
IBTC	0.06	(0.01)	(0.41)	(1.63)	0.09	(0.21)	0.21	(0.21)	0.43
AWESGS	0.00	0.00	0.00	0.00	0.74	(0.57)	0.00	0.00	4.26
SUOC	0.13	(0.01)	(0.42)	(0.31)	0.14	(0.23)	0.22	(0.22)	0.65
IDTC	0.17	(0.01)	0.00	4.05	0.00	0.00	0.48	(0.48)	0.96

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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