IShares MSCI Correlations

VLUE Etf

USD 115.18 0.30 0.26%

The current 90-days correlation between iShares MSCI USA and FT Vest Equity is -0.21 (i.e., Very 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.

IShares MSCI Correlation With Market

Almost no diversification

The correlation between iShares MSCI USA and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI USA 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 USA. 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

0.89	VTV	Vanguard Value Index	Pair Corr
0.99	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
0.91	DGRO	iShares Core Dividend	Pair Corr
0.98	IVE	iShares SP 500	Pair Corr
0.92	DVY	iShares Select Dividend	Pair Corr
0.98	SPYV	SPDR Portfolio SP	Pair Corr
0.91	FVD	First Trust Value	Pair Corr
0.98	IUSV	iShares Core SP	Pair Corr
0.87	NOBL	ProShares SP 500 Low Volatility	Pair Corr
0.81	SHLD	Global X Funds	Pair Corr
0.9	LUX	Tema ETF Trust	Pair Corr
0.99	SWP	SWP Growth Income	Pair Corr
0.65	DUKH	Ocean Park High	Pair Corr
0.92	WINN	Harbor Long Term	Pair Corr
0.64	INTC	Intel	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.98	BAC	Bank of America Aggressive Push	Pair Corr
0.95	JPM	JPMorgan Chase	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.95	DIS	Walt Disney	Pair Corr
0.93	IBM	International Business	Pair Corr
0.99	CAT	Caterpillar	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.91	GE	GE Aerospace	Pair Corr
0.88	MSFT	Microsoft	Pair Corr

Moving against IShares Etf

0.82	FNGD	MicroSectors FANG Index	Pair Corr
0.7	HUM	Humana Inc	Pair Corr
0.41	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCHS	DINT	DISV	DIVN	DJAN	MDLV
DHDG		0.94	0.98	0.78	0.95	0.97	0.0	0.95	0.68	DHDG
MBCC	0.94		0.94	0.9	0.98	0.94	0.0	0.99	0.84	MBCC
DIHP	0.98	0.94		0.82	0.95	0.99	0.0	0.94	0.74	DIHP
MCHS	0.78	0.9	0.82		0.9	0.81	0.0	0.87	0.92	MCHS
DINT	0.95	0.98	0.95	0.9		0.95	0.0	0.98	0.83	DINT
DISV	0.97	0.94	0.99	0.81	0.95		0.0	0.95	0.74	DISV
DIVN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	DIVN
DJAN	0.95	0.99	0.94	0.87	0.98	0.95	0.0		0.8	DJAN
MDLV	0.68	0.84	0.74	0.92	0.83	0.74	0.0	0.8		MDLV
	DHDG	MBCC	DIHP	MCHS	DINT	DISV	DIVN	DJAN	MDLV

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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

DJAN	+ 0.99	MBCC
DISV	+ 0.99	DIHP
DIHP	+ 0.98	DHDG
DINT	+ 0.98	MBCC
DJAN	+ 0.98	DINT
DISV	+ 0.97	DHDG

High negative correlations

MDLV	- 0.0	DIVN
DJAN	- 0.0	DIVN
DIVN	- 0.0	DISV
DIVN	- 0.0	DINT
DIVN	- 0.0	MCHS
DIVN	- 0.0	DIHP

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
DHDG	0.33	0.08	(0.01)	(0.81)	0.48	(0.31)	1.03	(0.96)	5.20
MBCC	1.05	0.12	0.02	(1.02)	1.78	(1.03)	2.25	(2.29)	11.66
DIHP	0.79	0.14	0.04	(2.81)	1.24	(0.79)	1.60	(1.52)	8.25
MCHS	1.33	0.07	(0.01)	(0.36)	2.27	(1.32)	2.30	(2.38)	16.84
DINT	1.14	0.14	0.03	(2.08)	1.77	(1.08)	2.64	(2.75)	8.82
DISV	0.81	0.18	0.05	46.82	1.44	(0.89)	1.72	(1.35)	7.92
DIVN	0.54	0.58	0.00	(30.90)	0.00	0.00	1.67	0.00	0.28
DJAN	0.52	0.07	(0.01)	5.14	0.74	(0.52)	1.06	(1.18)	5.11
MDLV	0.72	0.01	(0.06)	(0.10)	1.32	(0.66)	1.53	(1.58)	6.20

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