IShares MSCI Correlations

IEUS Etf

USD 65.43 1.48 2.31%

The current 90-days correlation between iShares MSCI Europe and Vanguard FTSE Europe is -0.03 (i.e., Good 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

Good diversification

The correlation between iShares MSCI Europe and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Europe and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares MSCI Europe. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with IShares Etf

0.96	VGK	Vanguard FTSE Europe	Pair Corr
0.96	EZU	iShares MSCI Eurozone	Pair Corr
0.95	BBEU	JPMorgan BetaBuilders Sell-off Trend	Pair Corr
0.96	IEUR	iShares Core MSCI	Pair Corr
0.97	FEZ	SPDR EURO STOXX	Pair Corr
0.98	IEV	iShares Europe ETF	Pair Corr
0.8	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.83	DBEU	Xtrackers MSCI Europe	Pair Corr
0.86	HEZU	iShares Currency Hedged	Pair Corr
0.99	FEP	First Trust Europe	Pair Corr
0.95	SHLD	Global X Funds	Pair Corr
0.81	LUX	Tema ETF Trust	Pair Corr
0.84	SWP	SWP Growth Income	Pair Corr
0.95	WINN	Harbor Long Term	Pair Corr
0.96	AVES	Avantis Emerging Markets	Pair Corr
0.93	NFLX	Netflix	Pair Corr
0.92	QTJL	Innovator Growth Acc	Pair Corr
0.72	VCIT	Vanguard Intermediate	Pair Corr
0.9	EWZ	iShares MSCI Brazil	Pair Corr
0.93	IWP	iShares Russell Mid	Pair Corr
0.92	MSFT	Microsoft Aggressive Push	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr
0.93	GE	GE Aerospace	Pair Corr
0.84	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.88	AXP	American Express	Pair Corr
0.85	CAT	Caterpillar	Pair Corr

Moving against IShares Etf

0.95	FNGD	MicroSectors FANG Index	Pair Corr
0.85	HUM	Humana Inc	Pair Corr
0.37	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	VGK	EZU	BBEU	IEUR	FEZ	IEV	HEDJ	DBEU	HEZU	FEP
VGK		1.0	1.0	1.0	0.95	0.96	0.89	0.91	0.93	0.96	VGK
EZU	1.0		1.0	1.0	0.95	0.95	0.88	0.89	0.92	0.96	EZU
BBEU	1.0	1.0		1.0	0.95	0.96	0.89	0.91	0.93	0.96	BBEU
IEUR	1.0	1.0	1.0		0.95	0.95	0.88	0.9	0.93	0.96	IEUR
FEZ	0.95	0.95	0.95	0.95		0.99	0.88	0.9	0.92	0.98	FEZ
IEV	0.96	0.95	0.96	0.95	0.99		0.86	0.89	0.9	0.98	IEV
HEDJ	0.89	0.88	0.89	0.88	0.88	0.86		0.99	0.99	0.82	HEDJ
DBEU	0.91	0.89	0.91	0.9	0.9	0.89	0.99		0.99	0.86	DBEU
HEZU	0.93	0.92	0.93	0.93	0.92	0.9	0.99	0.99		0.88	HEZU
FEP	0.96	0.96	0.96	0.96	0.98	0.98	0.82	0.86	0.88		FEP
	VGK	EZU	BBEU	IEUR	FEZ	IEV	HEDJ	DBEU	HEZU	FEP

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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
VGK	0.89	0.05	0.03	0.09	1.48	(0.92)	2.06	(1.44)	8.96
EZU	0.96	0.06	0.03	0.09	1.46	(0.99)	1.87	(1.75)	10.61
BBEU	0.88	0.04	0.02	0.08	1.45	(0.90)	2.00	(1.40)	8.79
IEUR	0.88	0.05	0.03	0.09	1.54	(0.89)	2.00	(1.50)	9.61
FEZ	1.00	0.04	0.01	(0.28)	1.53	(1.02)	1.91	(2.00)	11.07
IEV	0.88	0.04	0.01	(0.42)	1.48	(0.91)	1.88	(1.52)	9.02
HEDJ	1.09	(0.07)	0.00	(0.04)	0.00	0.00	1.79	(2.64)	13.05
DBEU	0.98	(0.04)	0.00	(0.02)	0.00	0.00	1.58	(2.59)	11.88
HEZU	1.03	(0.03)	(0.02)	(0.01)	1.72	(0.97)	2.03	(3.18)	11.83
FEP	1.00	0.13	0.05	(8.22)	1.73	(1.03)	1.96	(1.91)	8.58

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