IShares MSCI Correlations

WHCS Etf

USD 7.99 0.03 0.38%

The current 90-days correlation between iShares MSCI World and iShares Digital Entertainment is -0.04 (i.e., Good 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

Poor diversification

The correlation between iShares MSCI World and DJI is 0.66 (i.e., 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	WHEA	SPDR MSCI World	Pair Corr
0.75	AUCO	LG Gold Mining	Pair Corr
0.61	SXLE	SSgA SPDR ETFs	Pair Corr
0.65	PHAG	WisdomTree Physical	Pair Corr
0.72	PHAU	WisdomTree Physical Gold	Pair Corr
0.67	TDIV	VanEck Morningstar	Pair Corr
0.72	IJPE	iShares MSCI Japan	Pair Corr
0.72	SJPE	iShares Core MSCI	Pair Corr
0.67	UIM5	UBSFund Solutions MSCI	Pair Corr
0.64	DIA	SPDR Dow Jones	Pair Corr
0.74	CYBA	iShares China CNY	Pair Corr
0.75	GLDU	Amundi Index Solutions	Pair Corr
0.71	SWRD	SSGA SPDR ETFS	Pair Corr
0.66	IDVY	iShares Euro Dividend	Pair Corr
0.76	IAEX	iShares AEX UCITS	Pair Corr
0.77	IASP	iShares Asia Property	Pair Corr
0.72	LCJP	Amundi MSCI Japan	Pair Corr
0.73	VHYL	Vanguard FTSE All	Pair Corr
0.74	SSAC	iShares MSCI ACWI	Pair Corr
0.65	IDVA	iShares EURO STOXX	Pair Corr
0.77	IEMA	iShares MSCI EM	Pair Corr
0.72	ITKY	iShares MSCI Turkey	Pair Corr
0.78	EPAD	iShares MSCI Europe	Pair Corr
0.7	GLUH	iShares Core UK	Pair Corr
0.76	DJMC	iShares EURO STOXX	Pair Corr
0.76	IAEA	iShares AEX UCITS	Pair Corr
0.71	ICOV	iShares III Public	Pair Corr
0.74	IEGE	iShares III Public	Pair Corr
0.77	EWSA	iShares MSCI World	Pair Corr
0.61	UIMR	UBSFund Solutions MSCI	Pair Corr
0.78	MPAB	iShares MSCI EMU	Pair Corr
0.66	IEGZ	iShares III Public	Pair Corr

Moving against IShares Etf

0.39

UMDV

iShares Medical Devices

Pair Corr

Related Correlations Analysis

	EWSA	IUVE	MTAV	WCSS	SAWI	WINS	PLAY
EWSA		0.98	-0.46	0.81	0.97	0.96	-0.44	EWSA
IUVE	0.98		-0.39	0.74	0.98	0.94	-0.39	IUVE
MTAV	-0.46	-0.39		-0.86	-0.39	-0.63	0.93	MTAV
WCSS	0.81	0.74	-0.86		0.75	0.91	-0.81	WCSS
SAWI	0.97	0.98	-0.39	0.75		0.94	-0.36	SAWI
WINS	0.96	0.94	-0.63	0.91	0.94		-0.61	WINS
PLAY	-0.44	-0.39	0.93	-0.81	-0.36	-0.61		PLAY
	EWSA	IUVE	MTAV	WCSS	SAWI	WINS	PLAY

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

IUVE	+ 0.98	EWSA
SAWI	+ 0.98	IUVE
SAWI	+ 0.97	EWSA
WINS	+ 0.96	EWSA
WINS	+ 0.94	IUVE
WINS	+ 0.94	SAWI

High negative correlations

WCSS	- 0.86	MTAV
PLAY	- 0.81	WCSS
WINS	- 0.63	MTAV
PLAY	- 0.61	WINS
MTAV	- 0.46	EWSA
PLAY	- 0.44	EWSA

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
EWSA	0.64	0.21	0.17	4.63	0.35	(0.78)	1.63	(0.91)	3.23
IUVE	0.55	0.15	0.09	1.45	0.38	(0.72)	1.27	(1.16)	3.57
MTAV	0.86	(0.07)	0.00	0.97	0.00	0.00	1.69	(2.30)	5.60
WCSS	0.54	0.21	0.17	28.71	0.20	(0.74)	1.57	(1.18)	3.31
SAWI	0.57	0.13	0.05	(5.48)	0.41	(0.71)	1.48	(0.90)	3.40
WINS	0.57	0.21	0.17	6.81	0.24	(0.69)	1.50	(0.77)	3.73
PLAY	0.83	(0.03)	0.00	0.34	0.00	0.00	1.67	(2.12)	5.57

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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