IShares MSCI Correlations

EFA Etf

USD 92.52 0.28 0.30%

The current 90-days correlation between iShares MSCI EAFE and iShares Russell 2000 is 0.73 (i.e., Poor 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

Poor diversification

The correlation between iShares MSCI EAFE 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 EAFE 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 EAFE. 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

0.98	VEA	Vanguard FTSE Developed	Pair Corr
1.0	IEFA	iShares Core MSCI	Pair Corr
0.96	VEU	Vanguard FTSE All	Pair Corr
0.97	IXUS	iShares Core MSCI	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.99	IDEV	iShares Core MSCI	Pair Corr
1.0	ESGD	iShares ESG Aware	Pair Corr
1.0	JIRE	JP Morgan Exchange	Pair Corr
0.96	DFAX	Dimensional World	Pair Corr
0.7	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.83	ESGE	iShares ESG Aware	Pair Corr
0.79	QQQ	Invesco QQQ Trust	Pair Corr
0.75	IXSRF	IXSRF	Pair Corr
0.86	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.81	VOO	Vanguard SP 500	Pair Corr
0.78	SCMB	Schwab Municipal Bond	Pair Corr
0.78	CEMB	iShares JP Morgan	Pair Corr
0.73	GLTR	abrdn Physical Precious	Pair Corr
0.67	SGDJ	Sprott Junior Gold	Pair Corr
0.68	WIA	Western AssetClaymore	Pair Corr
0.84	IYW	iShares Technology ETF	Pair Corr
0.82	PPI	Investment Managers	Pair Corr
0.84	HLAL	Wahed FTSE USA	Pair Corr
0.82	RFDA	RiverFront Dynamic	Pair Corr
0.72	XTWY	Bondbloxx ETF Trust	Pair Corr
0.74	TAXI	Northern Trust Inter	Pair Corr
0.84	FELG	Fidelity Covington Trust	Pair Corr
0.76	TAXT	Northern Trust Tax	Pair Corr
0.61	ILIT	iShares Lithium Miners	Pair Corr
0.7	JNK	SPDR Bloomberg High	Pair Corr
0.87	FEMR	Fidelity Covington Trust	Pair Corr
0.82	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.72	SLV	iShares Silver Trust	Pair Corr
0.61	MCHI	iShares MSCI China	Pair Corr

Moving against IShares Etf

0.53	VIXY	ProShares VIX Short Low Volatility	Pair Corr
0.35	OCTD	Innovator Capital	Pair Corr

Related Correlations Analysis

	IWM	IWD	IVW	IXUS	VLCAX	SCHD	VV	VWNAX	VTWAX	RSP
IWM		0.79	0.81	0.77	0.81	-0.46	0.81	0.83	0.63	0.72	IWM
IWD	0.79		0.87	0.87	0.92	-0.26	0.92	0.98	0.74	0.74	IWD
IVW	0.81	0.87		0.88	0.99	-0.59	0.99	0.93	0.85	0.5	IVW
IXUS	0.77	0.87	0.88		0.91	-0.5	0.91	0.88	0.89	0.53	IXUS
VLCAX	0.81	0.92	0.99	0.91		-0.54	1.0	0.96	0.87	0.55	VLCAX
SCHD	-0.46	-0.26	-0.59	-0.5	-0.54		-0.54	-0.34	-0.6	0.2	SCHD
VV	0.81	0.92	0.99	0.91	1.0	-0.54		0.96	0.87	0.55	VV
VWNAX	0.83	0.98	0.93	0.88	0.96	-0.34	0.96		0.79	0.72	VWNAX
VTWAX	0.63	0.74	0.85	0.89	0.87	-0.6	0.87	0.79		0.32	VTWAX
RSP	0.72	0.74	0.5	0.53	0.55	0.2	0.55	0.72	0.32		RSP
	IWM	IWD	IVW	IXUS	VLCAX	SCHD	VV	VWNAX	VTWAX	RSP

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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

VV	+ 1.0	VLCAX
VLCAX	+ 0.99	IVW
VV	+ 0.99	IVW
VWNAX	+ 0.98	IWD
VWNAX	+ 0.96	VLCAX
VWNAX	+ 0.96	VV

High negative correlations

VTWAX	- 0.6	SCHD
SCHD	- 0.59	IVW
VV	- 0.54	SCHD
SCHD	- 0.54	VLCAX
SCHD	- 0.5	IXUS
SCHD	- 0.46	IWM

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
IWM	0.92	0.01	0.02	0.04	1.19	(0.93)	1.95	(1.99)	6.92
IWD	0.47	0.00	(0.02)	0.03	0.60	(0.47)	1.02	(1.00)	3.78
IVW	0.72	0.04	0.03	0.07	0.99	(0.71)	1.57	(1.49)	4.70
IXUS	0.55	0.02	0.01	0.05	0.69	(0.57)	1.11	(1.13)	3.96
VLCAX	0.53	0.02	0.02	0.06	0.75	(0.52)	1.25	(1.11)	4.19
SCHD	0.49	(0.04)	0.00	(0.05)	0.00	0.00	0.84	(0.88)	3.24
VV	0.55	0.02	0.02	0.06	0.78	(0.54)	1.24	(1.18)	4.31
VWNAX	0.48	0.00	0.00	0.04	0.67	(0.47)	1.06	(0.93)	4.37
VTWAX	0.52	0.05	0.02	1.10	0.79	(0.48)	1.06	(1.04)	4.19
RSP	0.52	(0.04)	0.00	(0.02)	0.00	0.00	0.99	(1.12)	4.21

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