IShares MSCI Correlations

EFA Etf

USD 95.19 0.32 0.34%

The current 90-days correlation between iShares MSCI EAFE and FT Vest Equity is 0.74 (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 0.77 (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
0.97	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
0.94	ITDD	iShares Trust	Pair Corr
0.66	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.75	IBM	International Business	Pair Corr

Moving against IShares Etf

0.54	VIXY	ProShares VIX Short	Pair Corr
0.51	PG	Procter Gamble Sell-off Trend	Pair Corr
0.6	VZ	Verizon Communications	Pair Corr
0.35	CVX	Chevron Corp	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE
DHDG		0.17	-0.43	0.84	0.12	-0.07	0.68	0.71	-0.48	DHDG
MBCC	0.17		0.6	0.4	0.76	0.71	0.57	0.51	0.54	MBCC
DHLX	-0.43	0.6		-0.1	0.74	0.52	0.03	0.14	0.91	DHLX
DIHP	0.84	0.4	-0.1		0.35	0.14	0.74	0.9	-0.16	DIHP
MCDS	0.12	0.76	0.74	0.35		0.5	0.39	0.52	0.7	MCDS
MCHS	-0.07	0.71	0.52	0.14	0.5		0.62	0.35	0.37	MCHS
DINT	0.68	0.57	0.03	0.74	0.39	0.62		0.79	-0.14	DINT
DISV	0.71	0.51	0.14	0.9	0.52	0.35	0.79		0.1	DISV
DIVE	-0.48	0.54	0.91	-0.16	0.7	0.37	-0.14	0.1		DIVE
	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE

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

DIVE	+ 0.91	DHLX
DISV	+ 0.9	DIHP
DIHP	+ 0.84	DHDG
DISV	+ 0.79	DINT
MCDS	+ 0.76	MBCC
MCDS	+ 0.74	DHLX

High negative correlations

DIVE	- 0.48	DHDG
DHLX	- 0.43	DHDG
DIVE	- 0.16	DIHP
DIVE	- 0.14	DINT
DIHP	- 0.1	DHLX
MCHS	- 0.07	DHDG

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
DHDG	0.23	0.02	(0.04)	0.13	0.18	(0.26)	0.73	(0.57)	1.64
MBCC	0.54	(0.06)	0.00	(0.01)	0.00	0.00	0.90	(1.25)	2.75
DHLX	0.61	(0.06)	0.00	(0.05)	0.00	0.00	1.03	(1.38)	2.41
DIHP	0.57	0.02	0.00	0.09	0.63	(0.59)	1.01	(1.06)	2.70
MCDS	0.61	(0.05)	(0.06)	0.01	0.79	(0.63)	1.35	(1.28)	4.09
MCHS	0.90	(0.07)	0.00	(0.02)	0.00	0.00	2.01	(2.15)	7.05
DINT	0.74	0.02	0.01	0.08	1.08	(0.71)	1.36	(1.95)	4.48
DISV	0.63	0.04	0.03	0.11	0.65	(0.71)	1.18	(1.28)	3.05
DIVE	0.58	(0.04)	(0.06)	0.01	0.91	(0.56)	1.33	(1.24)	4.47

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC