IShares MSCI Correlations

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USD 45.38 0.14 0.31%

The current 90-days correlation between iShares MSCI Global and iShares Morningstar Mid Cap is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Good diversification

The correlation between iShares MSCI Global and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Global and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in iShares MSCI Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with IShares Etf

0.87	XME	SPDR SP Metals	Pair Corr
0.89	URNM	Sprott Uranium Miners	Pair Corr
0.84	VTI	Vanguard Total Stock	Pair Corr
0.84	SPY	SPDR SP 500	Pair Corr
0.84	IVV	iShares Core SP	Pair Corr
0.82	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.79	VTV	Vanguard Value Index	Pair Corr
0.82	VUG	Vanguard Growth Index	Pair Corr
0.82	VEA	Vanguard FTSE Developed	Pair Corr
0.88	IBM	International Business	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr

Moving against IShares Etf

0.6	MOO	VanEck Agribusiness ETF	Pair Corr
0.57	XLB	Materials Select Sector	Pair Corr
0.44	VAW	Vanguard Materials Index	Pair Corr
0.83	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.8	VZ	Verizon Communications	Pair Corr
0.8	T	ATT Inc Aggressive Push	Pair Corr
0.74	PG	Procter Gamble	Pair Corr
0.62	HD	Home Depot Earnings Call This Week	Pair Corr
0.32	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	JKI	EZM	DDWM	GSID	DFSI	RDIV	TOUS	REMX	FLGB	UYG
JKI		0.89	0.27	0.33	0.36	0.5	0.59	0.18	0.27	0.35	JKI
EZM	0.89		0.01	0.08	0.17	0.43	0.42	-0.13	-0.02	0.59	EZM
DDWM	0.27	0.01		0.97	0.93	0.62	0.64	0.5	0.93	-0.36	DDWM
GSID	0.33	0.08	0.97		0.97	0.63	0.71	0.58	0.9	-0.33	GSID
DFSI	0.36	0.17	0.93	0.97		0.66	0.71	0.57	0.84	-0.18	DFSI
RDIV	0.5	0.43	0.62	0.63	0.66		0.47	0.31	0.59	0.15	RDIV
TOUS	0.59	0.42	0.64	0.71	0.71	0.47		0.39	0.56	0.07	TOUS
REMX	0.18	-0.13	0.5	0.58	0.57	0.31	0.39		0.49	-0.3	REMX
FLGB	0.27	-0.02	0.93	0.9	0.84	0.59	0.56	0.49		-0.4	FLGB
UYG	0.35	0.59	-0.36	-0.33	-0.18	0.15	0.07	-0.3	-0.4		UYG
	JKI	EZM	DDWM	GSID	DFSI	RDIV	TOUS	REMX	FLGB	UYG

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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

GSID	+ 0.97	DDWM
DFSI	+ 0.97	GSID
DFSI	+ 0.93	DDWM
FLGB	+ 0.93	DDWM
FLGB	+ 0.9	GSID
EZM	+ 0.89	JKI

High negative correlations

UYG	- 0.4	FLGB
UYG	- 0.36	DDWM
UYG	- 0.33	GSID
UYG	- 0.3	REMX
UYG	- 0.18	DFSI
REMX	- 0.13	EZM

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
JKI	0.53	0.07	(0.07)	(0.28)	0.55	(0.61)	1.40	(0.92)	4.55
EZM	0.72	0.08	(0.04)	(0.53)	0.77	(0.81)	1.64	(1.17)	6.34
DDWM	0.39	0.06	(0.10)	(0.26)	0.39	(0.45)	0.85	(0.59)	2.57
GSID	0.51	0.08	(0.05)	(0.36)	0.60	(0.54)	1.05	(0.97)	3.54
DFSI	0.50	0.06	(0.08)	(0.37)	0.56	(0.52)	0.96	(1.04)	2.63
RDIV	0.65	0.13	0.02	(0.50)	0.58	(0.78)	1.39	(0.89)	5.60
TOUS	0.52	(0.02)	(0.07)	0.07	0.56	(0.57)	0.94	(1.00)	3.32
REMX	2.52	0.13	0.08	0.16	2.89	(2.76)	5.77	(5.21)	20.51
FLGB	0.49	0.09	(0.04)	(0.52)	0.44	(0.57)	1.10	(0.83)	2.77
UYG	1.18	(0.15)	(0.03)	0.02	1.76	(1.20)	2.25	(3.41)	8.88

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