IShares Core Correlations

SXR7 Etf

EUR 226.75 0.80 0.35%

The current 90-days correlation between iShares Core MSCI and BNP Paribas Easy is 0.41 (i.e., Very weak diversification). The correlation of IShares Core 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 Core Correlation With Market

Almost no diversification

The correlation between iShares Core MSCI and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Core MSCI and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Core 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 Core 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 Core - 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 Core MSCI to buy it.

Moving together with IShares Etf

0.97	DBXE	Xtrackers Euro	Pair Corr
1.0	EUN2	iShares II Public	Pair Corr
1.0	SXRT	iShares VII PLC	Pair Corr
1.0	EXSI	iShares EURO STOXX	Pair Corr
0.99	SLMB	iShares IV Public	Pair Corr
1.0	SLMA	iShares IV Public	Pair Corr
0.94	IQQA	iShares Euro Dividend	Pair Corr
0.98	EMUX	BNP Paribas Easy	Pair Corr
0.94	LYBK	Lyxor UCITS Stoxx	Pair Corr
0.94	EXX1	iShares EURO STOXX	Pair Corr
0.93	EXX1	iShares EURO STOXX	Pair Corr
0.93	S7XE	Invesco EURO STOXX	Pair Corr
0.95	EXV1	iShares STOXX Europe	Pair Corr
0.94	SC0U	Invesco Markets plc	Pair Corr
0.89	AMEE	Amundi ETF MSCI	Pair Corr
0.88	ETLX	LG Gold Mining	Pair Corr
0.87	UBUD	UBS ETF Public	Pair Corr
0.88	ETLX	LG Gold Mining	Pair Corr
0.84	DBX9	Xtrackers FTSE	Pair Corr
0.78	S0LR	Invesco Solar Energy	Pair Corr
0.69	ZPRA	SPDR SP Pan	Pair Corr
0.88	T3MP	JPMorgan ETFs ICAV	Pair Corr
0.81	EXX7	iShares Nikkei 225	Pair Corr
0.91	H410	HSBC MSCI Emerging	Pair Corr
0.96	VALD	BNP Paribas Easy	Pair Corr
0.62	EXV9	iShares I	Pair Corr
0.9	LASI	Multi Units Luxembourg	Pair Corr
0.89	EXV4	iShares STOXX Europe	Pair Corr
0.94	DBX4	Xtrackers MSCI	Pair Corr
0.95	CHSR	UBSFund Solutions MSCI	Pair Corr
0.93	SPYY	SSgA SPDR ETFs	Pair Corr
0.98	DX2X	Xtrackers Stoxx	Pair Corr
0.93	XDEW	Xtrackers Public	Pair Corr
0.97	EXSD	iShares STOXX Europe	Pair Corr
0.91	DBX8	Xtrackers MSCI	Pair Corr
0.91	PRAM	Amundi Prime Emerging	Pair Corr
0.68	XDWS	Xtrackers MSCI World	Pair Corr

Related Correlations Analysis

	DBXE	EUN2	SXRT	SXR7	SLMA	EMUX
DBXE		0.96	0.96	0.97	0.96	0.98	DBXE
EUN2	0.96		1.0	1.0	0.99	0.97	EUN2
SXRT	0.96	1.0		1.0	0.99	0.97	SXRT
SXR7	0.97	1.0	1.0		1.0	0.98	SXR7
SLMA	0.96	0.99	0.99	1.0		0.98	SLMA
EMUX	0.98	0.97	0.97	0.98	0.98		EMUX
	DBXE	EUN2	SXRT	SXR7	SLMA	EMUX

IShares Core Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Core 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 Core'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
DBXE	0.57	0.09	0.05	1.36	0.60	(0.63)	1.49	(1.01)	3.48
EUN2	0.58	0.08	0.06	0.27	0.54	(0.65)	1.54	(0.93)	3.81
SXRT	0.58	0.08	0.06	0.26	0.58	(0.62)	1.43	(1.04)	3.40
SXR7	0.51	0.09	0.07	0.32	0.44	(0.57)	1.25	(1.04)	3.04
SLMA	0.53	0.07	0.05	0.27	0.49	(0.62)	1.17	(0.93)	3.09
EMUX	0.60	0.09	0.04	1.99	0.65	(0.63)	1.13	(1.36)	3.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Core 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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