IShares MSCI Correlations

EFAV Etf

USD 83.71 0.41 0.49%

The current 90-days correlation between iShares MSCI EAFE and iShares MSCI Emerging is 0.42 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI EAFE and DJI is 0.22 (i.e., Modest 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.

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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 nation.

Moving together with IShares Etf

0.94	VEA	Vanguard FTSE Developed	Pair Corr
0.94	IEFA	iShares Core MSCI	Pair Corr
0.92	VEU	Vanguard FTSE All	Pair Corr
0.92	EFA	iShares MSCI EAFE	Pair Corr
0.9	IXUS	iShares Core MSCI	Pair Corr
0.94	SPDW	SPDR SP World	Pair Corr
0.92	IDEV	iShares Core MSCI	Pair Corr
0.95	ESGD	iShares ESG Aware	Pair Corr
0.92	JIRE	JP Morgan Exchange	Pair Corr
0.91	DFAX	Dimensional World	Pair Corr
0.88	ITDD	iShares Trust	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.67	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.72	T	ATT Inc Earnings Call Today	Pair Corr
0.86	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.83	IBM	International Business Earnings Call Today	Pair Corr
0.84	PFE	Pfizer Inc	Pair Corr

Moving against IShares Etf

0.56

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	EEMV	USMV	ACWV	IEFA	SCZ
EEMV		0.8	0.87	0.95	0.96	EEMV
USMV	0.8		0.97	0.87	0.78	USMV
ACWV	0.87	0.97		0.92	0.85	ACWV
IEFA	0.95	0.87	0.92		0.97	IEFA
SCZ	0.96	0.78	0.85	0.97		SCZ
	EEMV	USMV	ACWV	IEFA	SCZ

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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
EEMV	0.40	0.11	(0.04)	0.60	0.14	(0.46)	1.02	(0.76)	2.95
USMV	0.57	(0.04)	(0.15)	0.10	0.61	(0.59)	1.00	(0.94)	3.39
ACWV	0.47	(0.01)	(0.19)	0.14	0.46	(0.50)	0.84	(0.81)	2.69
IEFA	0.54	0.11	0.04	0.41	0.38	(0.64)	1.27	(1.11)	3.36
SCZ	0.51	0.23	0.09	(9.19)	0.18	(0.58)	1.39	(0.88)	3.03

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