IShares MSCI Correlations

ECH Etf

USD 40.40 0.14 0.35%

The current 90-days correlation between iShares MSCI Chile and iShares MSCI Italy is 0.44 (i.e., Very weak 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 Chile and DJI is 0.48 (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 Chile and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

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

Moving together with IShares Etf

0.81	BBCA	JPMorgan BetaBuilders	Pair Corr
0.82	EWC	iShares MSCI Canada	Pair Corr
0.78	EWU	iShares MSCI United	Pair Corr
0.73	EWY	iShares MSCI South	Pair Corr
0.75	EWL	iShares MSCI Switzerland	Pair Corr
0.85	EWW	iShares MSCI Mexico	Pair Corr
0.67	SPY	SPDR SP 500	Pair Corr
0.67	IVV	iShares Core SP	Pair Corr
0.67	SLYV	SPDR SP 600	Pair Corr
0.93	SLX	VanEck Steel ETF	Pair Corr
0.85	HYSD	Columbia ETF Trust	Pair Corr
0.91	PBJA	PGIM Rock ETF	Pair Corr
0.62	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.78	DFAX	Dimensional World	Pair Corr
0.94	ZJAN	Innovator Equity Defined	Pair Corr
0.96	CLOX	Series Portfolios Trust	Pair Corr
0.86	QLC	FlexShares Quality Large	Pair Corr
0.68	JADE	JP Morgan Exchange	Pair Corr
0.7	SIXS	6 Meridian Small	Pair Corr
0.81	CPER	United States Copper	Pair Corr
0.73	HEZU	iShares Currency Hedged	Pair Corr
0.92	PHT	PHT	Pair Corr
0.92	FROG	Jfrog	Pair Corr

Moving against IShares Etf

0.92	KSA	iShares MSCI Saudi	Pair Corr
0.72	GRI	GRI Bio	Pair Corr
0.51	TLT	iShares 20 Year	Pair Corr
0.42	EWA	iShares MSCI Australia	Pair Corr
0.71	IGV	iShares Expanded Tech	Pair Corr

Related Correlations Analysis

	EWI	EWH	BBEM	IAT	IAK	JKK	EMCS	GWX	EWS	KIE
EWI		0.72	0.56	0.82	0.7	0.54	0.41	0.67	-0.21	0.71	EWI
EWH	0.72		0.51	0.32	0.37	0.09	0.4	0.11	-0.06	0.39	EWH
BBEM	0.56	0.51		0.25	-0.1	0.58	0.96	0.53	0.06	-0.06	BBEM
IAT	0.82	0.32	0.25		0.81	0.59	0.09	0.75	-0.36	0.82	IAT
IAK	0.7	0.37	-0.1	0.81		0.22	-0.23	0.46	-0.15	0.99	IAK
JKK	0.54	0.09	0.58	0.59	0.22		0.48	0.82	-0.11	0.26	JKK
EMCS	0.41	0.4	0.96	0.09	-0.23	0.48		0.47	0.24	-0.18	EMCS
GWX	0.67	0.11	0.53	0.75	0.46	0.82	0.47		0.01	0.5	GWX
EWS	-0.21	-0.06	0.06	-0.36	-0.15	-0.11	0.24	0.01		-0.11	EWS
KIE	0.71	0.39	-0.06	0.82	0.99	0.26	-0.18	0.5	-0.11		KIE
	EWI	EWH	BBEM	IAT	IAK	JKK	EMCS	GWX	EWS	KIE

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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

KIE	+ 0.99	IAK
EMCS	+ 0.96	BBEM
IAT	+ 0.82	EWI
KIE	+ 0.82	IAT
GWX	+ 0.82	JKK
IAK	+ 0.81	IAT

High negative correlations

EWS	- 0.36	IAT
EMCS	- 0.23	IAK
EWS	- 0.21	EWI
KIE	- 0.18	EMCS
EWS	- 0.15	IAK
KIE	- 0.11	EWS

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
EWI	0.68	0.05	0.05	0.12	0.69	(0.77)	1.28	(1.43)	3.27
EWH	0.79	0.01	0.01	0.08	1.20	(0.75)	1.86	(1.81)	6.02
BBEM	0.68	0.04	0.03	0.11	0.82	(0.75)	1.24	(1.14)	4.57
IAT	0.94	0.01	0.02	0.07	1.35	(0.98)	2.42	(2.15)	7.39
IAK	0.63	0.02	(0.02)	0.11	0.87	(0.67)	1.59	(1.22)	4.81
JKK	0.94	0.06	0.01	0.37	1.24	(0.95)	1.97	(1.94)	5.57
EMCS	0.80	0.03	0.02	0.09	1.08	(0.83)	1.55	(1.83)	5.13
GWX	0.62	0.00	(0.01)	0.06	0.79	(0.63)	1.27	(1.34)	3.28
EWS	0.63	(0.04)	(0.06)	0.00	0.98	(0.57)	1.13	(1.39)	3.55
KIE	0.70	0.01	(0.02)	0.07	0.98	(0.73)	1.72	(1.36)	5.34

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