IShares MSCI Correlations

SUSA Etf

USD 125.15 0.44 0.35%

The current 90-days correlation between iShares MSCI USA and Morningstar Unconstrained Allocation is 0.72 (i.e., 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.

IShares MSCI Correlation With Market

Very poor diversification

The correlation between iShares MSCI USA 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 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 state.

Moving together with IShares Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.96	VIG	Vanguard Dividend	Pair Corr
0.99	VV	Vanguard Large Cap	Pair Corr
0.98	RSP	Invesco SP 500	Pair Corr
0.99	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.99	DFAC	Dimensional Core Equity	Pair Corr
0.99	SPLG	SPDR Portfolio SP	Pair Corr
0.96	SIXD	AIM ETF Products	Pair Corr
0.84	CEFD	ETRACS Monthly Pay	Pair Corr
0.84	TSJA	TSJA	Pair Corr
0.83	DSJA	DSJA	Pair Corr
0.73	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.92	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.95	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.92	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.85	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.7	T	ATT Inc Sell-off Trend	Pair Corr
0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against IShares Etf

0.8	YCL	ProShares Ultra Yen	Pair Corr
0.8	VIIX	VIIX	Pair Corr
0.79	ULE	ProShares Ultra Euro Potential Growth	Pair Corr
0.78	FXY	Invesco CurrencyShares	Pair Corr
0.76	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.71	KO	Coca Cola Aggressive Push	Pair Corr
0.69	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.6	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	MSTSX	ABHYX	VIASP	KNF	KLKNF	KMX	SEIC	KOS	GSHD	KOP
MSTSX		0.34	-0.11	0.67	-0.12	-0.52	0.42	-0.2	0.32	-0.14	MSTSX
ABHYX	0.34		-0.2	0.04	0.39	-0.3	-0.23	0.05	-0.25	-0.09	ABHYX
VIASP	-0.11	-0.2		0.47	-0.38	0.22	0.66	-0.27	0.7	0.3	VIASP
KNF	0.67	0.04	0.47		-0.55	-0.44	0.85	-0.59	0.82	-0.19	KNF
KLKNF	-0.12	0.39	-0.38	-0.55		0.18	-0.66	0.6	-0.63	0.24	KLKNF
KMX	-0.52	-0.3	0.22	-0.44	0.18		-0.19	0.45	-0.16	0.74	KMX
SEIC	0.42	-0.23	0.66	0.85	-0.66	-0.19		-0.57	0.97	0.0	SEIC
KOS	-0.2	0.05	-0.27	-0.59	0.6	0.45	-0.57		-0.59	0.46	KOS
GSHD	0.32	-0.25	0.7	0.82	-0.63	-0.16	0.97	-0.59		-0.06	GSHD
KOP	-0.14	-0.09	0.3	-0.19	0.24	0.74	0.0	0.46	-0.06		KOP
	MSTSX	ABHYX	VIASP	KNF	KLKNF	KMX	SEIC	KOS	GSHD	KOP

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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

GSHD	+ 0.97	SEIC
SEIC	+ 0.85	KNF
GSHD	+ 0.82	KNF
KOP	+ 0.74	KMX
GSHD	+ 0.7	VIASP
KNF	+ 0.67	MSTSX

High negative correlations

SEIC	- 0.66	KLKNF
GSHD	- 0.63	KLKNF
GSHD	- 0.59	KOS
KOS	- 0.59	KNF
KOS	- 0.57	SEIC
KLKNF	- 0.55	KNF

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
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
ABHYX	0.17	0.00	(0.25)	0.08	0.26	(0.23)	0.34	(0.33)	1.91
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
KNF	1.57	0.20	0.13	0.22	1.88	(1.65)	2.77	(2.46)	12.78
KLKNF	0.18	(0.05)	0.00	(0.31)	0.00	0.00	0.00	0.00	6.03
KMX	1.45	(0.16)	(0.07)	0.00	1.77	(1.50)	4.14	(3.24)	8.69
SEIC	0.81	0.19	0.18	0.34	0.59	(0.94)	1.57	(1.56)	7.23
KOS	2.80	(0.39)	0.00	(0.22)	0.00	0.00	5.62	(6.18)	13.82
GSHD	1.67	0.62	0.42	1.02	0.83	(2.16)	5.06	(2.22)	14.35
KOP	1.53	(0.21)	(0.06)	0.01	1.73	(1.65)	2.07	(2.67)	14.45

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