IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Brazil
EWZS Etf  USD 12.02  0.42  3.38%   
The current 90-days correlation between iShares MSCI Brazil and VanEck Brazil Small Cap is 0.93 (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

Weak diversification

The correlation between iShares MSCI Brazil and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Brazil 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 Brazil. 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

  0.94EWZ iShares MSCI BrazilPairCorr
  0.92ILF iShares Latin AmericaPairCorr
  0.97FLBR Franklin FTSE BrazilPairCorr
  0.96FLLA Franklin FTSE LatinPairCorr
  0.99BRF VanEck Brazil Small Potential GrowthPairCorr
  0.97FBZ First Trust BrazilPairCorr
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  0.85SRLN SPDR Blackstone SeniorPairCorr
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  0.86DCPE DoubleLine Shiller CAPEPairCorr
  0.86VSS Vanguard FTSE AllPairCorr
  0.84VFVA Vanguard Value FactorPairCorr
  0.83MYMF SPDR SSGA My2026PairCorr
  0.8SAUG First Trust ExchangePairCorr
  0.77FCOR Fidelity Corporate BondPairCorr
  0.63EUSB iShares TrustPairCorr
  0.9VBF Invesco Van KampenPairCorr
  0.67HIDE Alpha Architect HighPairCorr

Related Correlations Analysis

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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.

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