IShares MSCI Correlations

Etfs . Netherlands . 
Etf . iShares MSCI EM
IEMM Etf  EUR 46.21  0.27  0.59%   
The current 90-days correlation between iShares MSCI EM and iShares II Public is 0.57 (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

Weak diversification

The correlation between iShares MSCI EM and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI EM and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IShares MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares MSCI EM to buy it.

Moving together with IShares Etf

  0.95VUSA Vanguard SP 500PairCorr
  0.91DIA SPDR Dow JonesPairCorr
  1.0EMIM iShares Core MSCIPairCorr
  0.95IUSA iShares SP 500PairCorr
  0.97VWRL Vanguard FTSE AllPairCorr
  0.85IMEU iShares Core MSCIPairCorr
  0.95IWRD iShares MSCI WorldPairCorr
  0.92ICHN iShares MSCI ChinaPairCorr
  0.98EXCD iShares MSCI EMPairCorr
  0.85USCE SPDR BB SBPairCorr
  0.94MAGU BlackRock ESG MultiPairCorr
  0.91CITY Ishares IV PLCPairCorr
  0.83V20D Vanguard LifeStrategyPairCorr
  0.75DHYE iShares High YieldPairCorr
  0.91PHAG WisdomTree PhysicalPairCorr
  1.0VFEM Vanguard FTSE EmergingPairCorr
  0.83LCJP Amundi MSCI JapanPairCorr
  0.86EUNA iShares STOXX EuropePairCorr
  0.72ASOL 21Shares Solana StakingPairCorr
  0.87SBIO Invesco NASDAQ BiotechPairCorr
  0.84VEUR Vanguard FTSE DevelopedPairCorr
  0.91TSWE VanEck Sustainable WorldPairCorr
  0.77UIMR UBSFund Solutions MSCIPairCorr
  0.95CSPX iShares Core SPPairCorr
  0.74SMUA iShares MSCI EMUPairCorr
  0.95CSUS iShares VII PLCPairCorr
  0.79SXLC SPDR SP CommunicationPairCorr
  0.61SXLU SSgA SPDR ETFsPairCorr
  0.95INAA iShares MSCI NorthPairCorr
  0.82IBZL iShares MSCI BrazilPairCorr
  0.94IAEX iShares AEX UCITSPairCorr
  0.84IMAE iShares Core MSCIPairCorr

Moving against IShares Etf

  0.38ONDO 21Shares Ondo ETPPairCorr
  0.53AXRP 21Shares XRP ETPPairCorr

Related Correlations Analysis


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

F
+ 0.81
UBER
XOM
+ 0.8
JPM
JPM
+ 0.73
UBER
MRK
+ 0.73
A
A
+ 0.71
F
JPM
+ 0.69
A
  

High negative correlations

CRM
- 0.5
META
CRM
- 0.46
F
CRM
- 0.46
UBER
T
- 0.45
MSFT
CRM
- 0.38
A
MRK
- 0.37
META

IShares MSCI Competition 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.30 (0.02)(0.03) 0.04  1.48 
(1.46)
 2.18 
(2.32)
 15.10 
MSFT  0.75 (0.01)(0.05) 0.04  0.94 
(0.76)
 1.86 
(1.64)
 6.50 
UBER  1.39  0.01 (0.01) 0.08  1.93 
(1.33)
 3.62 
(3.30)
 8.86 
F  1.17 (0.03)(0.01) 0.04  1.63 
(1.19)
 2.98 
(2.04)
 9.82 
T  0.84 (0.04) 0.00  1.26  0.00 
 0.00 
 1.82 
(2.30)
 6.47 
A  1.46  0.22  0.18  0.20  1.11 
(1.68)
 3.82 
(2.15)
 10.46 
CRM  1.42 (0.19) 0.00 (0.12) 0.00 
 0.00 
 2.63 
(3.33)
 8.74 
JPM  0.79  0.04  0.03  0.10  1.00 
(0.81)
 1.69 
(1.52)
 4.93 
MRK  1.29  0.01  0.00  0.08  1.35 
(1.44)
 2.91 
(2.36)
 9.11 
XOM  0.91 (0.04)(0.05)(0.01) 1.38 
(0.81)
 1.72 
(2.42)
 4.70 

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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