IShares MSCI Correlations

VEGI Etf

USD 38.70 0.62 1.63%

The current 90-days correlation between iShares MSCI Global and iShares MSCI Global is 0.25 (i.e., Modest 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 weak diversification

The correlation between iShares MSCI Global and DJI is 0.5 (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 Global 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 Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with IShares Etf

0.76	EV	Mast Global Battery	Pair Corr
0.85	XLB	Materials Select Sector	Pair Corr
0.81	VAW	Vanguard Materials Index	Pair Corr
0.62	MOO	VanEck Agribusiness ETF	Pair Corr
0.85	FXZ	First Trust Materials	Pair Corr
0.65	FIW	First Trust Water	Pair Corr
0.66	URNM	Sprott Uranium Miners	Pair Corr
0.83	IYM	iShares Basic Materials	Pair Corr
0.77	PWER	Macquarie ETF Trust	Pair Corr
0.64	INOV	Innovator ETFs Trust	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	PICK	RING	SLVP	MOO	EEMS
PICK		0.55	0.66	0.57	0.72	PICK
RING	0.55		0.77	0.57	0.69	RING
SLVP	0.66	0.77		0.13	0.34	SLVP
MOO	0.57	0.57	0.13		0.91	MOO
EEMS	0.72	0.69	0.34	0.91		EEMS
	PICK	RING	SLVP	MOO	EEMS

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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
PICK	1.18	(0.08)	(0.05)	0.03	1.72	(1.15)	3.04	(2.59)	8.88
RING	1.50	(0.07)	0.00	(0.19)	0.00	0.00	3.12	(3.44)	11.47
SLVP	1.85	0.01	(0.02)	0.15	2.00	(2.26)	4.28	(3.21)	11.29
MOO	0.63	(0.07)	0.00	(0.02)	0.00	0.00	1.50	(1.39)	4.40
EEMS	0.63	(0.10)	0.00	(0.10)	0.00	0.00	1.62	(1.39)	4.15

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IShares MSCI Correlations

IShares MSCI Correlation With Market

Very weak diversification

Moving together with IShares Etf

Related Correlations Analysis

IShares MSCI Constituents Risk-Adjusted Indicators

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