IShares MSCI Correlations

ACWX Etf

USD 66.97 0.15 0.22%

The current 90-days correlation between iShares MSCI ACWI and iShares MSCI World is 0.91 (i.e., Almost no 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 ACWI and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI ACWI and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

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

Moving together with IShares Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.93	IEFA	iShares Core MSCI	Pair Corr
1.0	VEU	Vanguard FTSE All	Pair Corr
0.96	EFA	iShares MSCI EAFE	Pair Corr
1.0	IXUS	iShares Core MSCI	Pair Corr
0.98	SPDW	SPDR SP World	Pair Corr
0.93	IDEV	iShares Core MSCI	Pair Corr
0.95	ESGD	iShares ESG Aware	Pair Corr
0.95	JIRE	JP Morgan Exchange	Pair Corr
0.96	DFAX	Dimensional World	Pair Corr
0.83	KORU	Direxion Daily South	Pair Corr
0.84	MUU	Direxion Daily MU Buyout Trend	Pair Corr
0.84	MULL	GraniteShares 2x Long	Pair Corr
0.61	GDMN	WisdomTree Efficient Gold	Pair Corr
0.66	SHNY	Microsectors Gold	Pair Corr
0.64	AGQ	ProShares Ultra Silver Buyout Trend	Pair Corr
0.87	DRAI	Draco Evolution AI	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.83	IBM	International Business Sell-off Trend	Pair Corr
0.81	INTC	Intel Aggressive Push	Pair Corr
0.7	AXP	American Express	Pair Corr

Moving against IShares Etf

0.74	T	ATT Inc	Pair Corr
0.64	VZ	Verizon Communications	Pair Corr
0.48	HD	Home Depot	Pair Corr
0.33	BA	Boeing	Pair Corr

Related Correlations Analysis

	URTH	EWY	EWZ	IEUR	IJS	FXI	DFAE	HEFA	SPYD	RWL
URTH		0.79	0.55	0.88	0.69	0.27	0.88	0.88	-0.17	0.91	URTH
EWY	0.79		0.62	0.63	0.23	-0.09	0.9	0.9	-0.65	0.79	EWY
EWZ	0.55	0.62		0.41	0.35	-0.15	0.47	0.65	-0.36	0.72	EWZ
IEUR	0.88	0.63	0.41		0.7	0.31	0.76	0.82	0.04	0.82	IEUR
IJS	0.69	0.23	0.35	0.7		0.33	0.37	0.47	0.49	0.67	IJS
FXI	0.27	-0.09	-0.15	0.31	0.33		0.31	-0.08	0.38	0.02	FXI
DFAE	0.88	0.9	0.47	0.76	0.37	0.31		0.83	-0.44	0.77	DFAE
HEFA	0.88	0.9	0.65	0.82	0.47	-0.08	0.83		-0.41	0.92	HEFA
SPYD	-0.17	-0.65	-0.36	0.04	0.49	0.38	-0.44	-0.41		-0.17	SPYD
RWL	0.91	0.79	0.72	0.82	0.67	0.02	0.77	0.92	-0.17		RWL
	URTH	EWY	EWZ	IEUR	IJS	FXI	DFAE	HEFA	SPYD	RWL

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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

RWL	+ 0.92	HEFA
RWL	+ 0.91	URTH
DFAE	+ 0.9	EWY
HEFA	+ 0.9	EWY
IEUR	+ 0.88	URTH
DFAE	+ 0.88	URTH

High negative correlations

SPYD	- 0.65	EWY
SPYD	- 0.44	DFAE
SPYD	- 0.41	HEFA
SPYD	- 0.36	EWZ
RWL	- 0.17	SPYD
SPYD	- 0.17	URTH

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
URTH	0.52	0.02	0.01	0.09	0.80	(0.49)	1.11	(1.23)	3.35
EWY	1.48	0.32	0.18	0.38	1.57	(1.64)	3.18	(2.24)	8.88
EWZ	0.99	0.11	0.06	0.20	1.48	(1.02)	1.89	(1.82)	4.77
IEUR	0.59	0.02	0.00	0.09	0.59	(0.65)	1.17	(1.11)	2.61
IJS	0.92	(0.04)	(0.01)	0.04	1.15	(0.90)	2.04	(2.13)	5.62
FXI	0.96	(0.01)	(0.01)	0.06	1.30	(0.97)	1.69	(1.36)	7.95
DFAE	0.65	0.07	0.05	0.16	0.82	(0.69)	1.25	(1.14)	4.78
HEFA	0.49	0.05	0.04	0.13	0.54	(0.50)	1.29	(1.14)	3.39
SPYD	0.58	(0.08)	0.00	(0.06)	0.00	0.00	1.09	(1.19)	2.97
RWL	0.47	0.02	0.01	0.09	0.52	(0.49)	0.98	(0.86)	3.33

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