IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI China
MCHI Etf  USD 57.45  0.53  0.93%   
The current 90-days correlation between iShares MSCI China and KraneShares CSI China is 0.94 (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.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI China and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI China and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with IShares Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares MSCI China. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

  0.97KWEB KraneShares CSI China Aggressive PushPairCorr
  0.99FXI iShares China LargePairCorr
  0.94EWT iShares MSCI TaiwanPairCorr
  0.91ASHR Xtrackers Harvest CSI Aggressive PushPairCorr
  0.99GXC SPDR SP ChinaPairCorr
  0.85CQQQ Invesco China TechnologyPairCorr
  0.98CXSE WisdomTree ChinaPairCorr
  0.93EWH iShares MSCI HongPairCorr
  0.91KBA KraneShares Bosera MSCIPairCorr
  0.92CNYA iShares MSCI China Low VolatilityPairCorr
  0.9GBTC Grayscale Bitcoin TrustPairCorr
  0.87USD ProShares Ultra SemiPairCorr
  0.88DFEN Direxion Daily AerospacePairCorr
  0.92DUSL Direxion Daily IndusPairCorr
  0.7DIG ProShares Ultra OilPairCorr
  0.91FNGO MicroSectors FANG IndexPairCorr
  0.63MLPR ETRACS Quarterly PayPairCorr
  0.92KGRN KraneShares MSCI ChinaPairCorr
  0.9BAC Bank of AmericaPairCorr
  0.89JPM JPMorgan ChasePairCorr
  0.86CSCO Cisco SystemsPairCorr
  0.85DD Dupont De NemoursPairCorr
  0.72CVX Chevron CorpPairCorr
  0.89GE GE Aerospace Earnings Call This WeekPairCorr
  0.93MSFT MicrosoftPairCorr
  0.73PFE Pfizer IncPairCorr
  0.9DIS Walt DisneyPairCorr
  0.87MMM 3M CompanyPairCorr

Moving against IShares Etf

  0.64FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.58KO Coca Cola Earnings Call This WeekPairCorr
  0.57PG Procter GamblePairCorr
  0.56MCD McDonaldsPairCorr
  0.41VZ Verizon Communications Earnings Call This WeekPairCorr

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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