IShares MSCI Correlations

SMIN Etf

USD 70.54 0.63 0.90%

The current 90-days correlation between iShares MSCI India and Columbia India Consumer is 0.79 (i.e., Poor 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 India moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI India and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI India and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares MSCI India. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with IShares Etf

0.92	INDA	iShares MSCI India	Pair Corr
0.95	EPI	WisdomTree India Earnings	Pair Corr
0.93	INDSX	Financial Investors Trust	Pair Corr
0.95	PIN	Invesco India ETF	Pair Corr
0.93	FLIN	Franklin FTSE India	Pair Corr
0.93	GLIN	VanEck India Growth	Pair Corr
0.92	NFTY	First Trust India	Pair Corr
0.72	INDF	Exchange Traded Concepts	Pair Corr

Moving against IShares Etf

0.47	SMI	VanEck Vectors ETF	Pair Corr
0.43	DUKH	Ocean Park High	Pair Corr
0.34	LUX	Tema ETF Trust	Pair Corr
0.54	BABX	GraniteShares 175x Long	Pair Corr

Related Correlations Analysis

	INCO	INDY	INDA	PIN	EPI
INCO		0.9	0.92	0.92	0.93	INCO
INDY	0.9		0.99	0.98	0.98	INDY
INDA	0.92	0.99		0.99	0.99	INDA
PIN	0.92	0.98	0.99		1.0	PIN
EPI	0.93	0.98	0.99	1.0		EPI
	INCO	INDY	INDA	PIN	EPI

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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
INCO	0.95	0.11	0.13	0.14	1.21	(0.92)	2.17	(1.83)	6.61
INDY	0.75	0.15	0.23	0.27	0.83	(0.77)	1.70	(1.10)	5.39
INDA	0.81	0.15	0.18	0.21	0.98	(0.84)	1.46	(1.56)	6.15
PIN	0.90	0.14	0.16	0.19	1.12	(0.94)	1.58	(1.44)	6.89
EPI	0.91	0.14	0.17	0.17	1.14	(1.03)	1.98	(1.60)	7.38

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