IShares MSCI Correlations

SMMV Etf

USD 42.20 0.37 0.87%

The current 90-days correlation between iShares MSCI USA and iShares MSCI USA is 0.88 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI USA and DJI is 0.43 (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 USA and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares MSCI USA. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with IShares Etf

0.97	VB	Vanguard Small Cap	Pair Corr
0.99	IJR	iShares Core SP	Pair Corr
0.98	IWM	iShares Russell 2000	Pair Corr
0.91	VRTIX	Vanguard Russell 2000	Pair Corr
0.98	VTWO	Vanguard Russell 2000	Pair Corr
0.99	FNDA	Schwab Fundamental Small	Pair Corr
0.99	SPSM	SPDR Portfolio SP	Pair Corr
0.99	DFAS	Dimensional Small Cap	Pair Corr
0.99	VIOO	Vanguard SP Small	Pair Corr
0.99	PRFZ	Invesco FTSE RAFI	Pair Corr
0.8	UPRO	ProShares UltraPro SP500	Pair Corr
0.8	SPXL	Direxion Daily SP500	Pair Corr
0.68	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.66	BAC	Bank of America	Pair Corr
0.8	HD	Home Depot	Pair Corr

Moving against IShares Etf

0.52	FBGX	UBS	Pair Corr
0.63	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.34	BA	Boeing	Pair Corr

Related Correlations Analysis

	SMLF	SIZE	LRGF	IQLT	IMTM
SMLF		0.97	0.88	0.16	0.42	SMLF
SIZE	0.97		0.84	0.27	0.54	SIZE
LRGF	0.88	0.84		0.07	0.4	LRGF
IQLT	0.16	0.27	0.07		0.84	IQLT
IMTM	0.42	0.54	0.4	0.84		IMTM
	SMLF	SIZE	LRGF	IQLT	IMTM

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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
SMLF	0.86	0.06	0.02	0.20	1.07	(0.91)	1.82	(1.33)	8.96
SIZE	0.62	0.02	(0.04)	0.13	0.75	(0.70)	1.33	(1.00)	5.86
LRGF	0.64	0.05	(0.01)	0.21	0.88	(0.63)	1.32	(1.42)	5.57
IQLT	0.57	(0.02)	0.00	(0.51)	0.00	0.00	1.05	(1.33)	4.14
IMTM	0.59	(0.01)	(0.09)	0.05	0.83	(0.60)	1.23	(1.27)	4.17

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