IShares MSCI Correlations

Etfs . Canada . 
Etf . iShares MSCI Europe
XEU Etf  CAD 34.59  0.10  0.29%   
The current 90-days correlation between iShares MSCI Europe and iShares MSCI Europe is 0.84 (i.e., Very 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 Europe moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Significant diversification

The correlation between iShares MSCI Europe and DJI is 0.08 (i.e., Significant 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.
  
The ability to find closely correlated positions to IShares MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares MSCI Europe to buy it.

Moving together with IShares Etf

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  0.97XEH iShares MSCI EuropePairCorr
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  0.9EHE CI Europe HedgedPairCorr
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  0.87FHE First Trust IndxxPairCorr
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  0.91CHPS Global X ArtificialPairCorr
  0.88RUBH RBC Banks YieldPairCorr
  0.97FBAL Fidelity All inPairCorr
  0.96ZBAL BMO Balanced ETFPairCorr
  0.94XIC iShares Core SPTSXPairCorr
  0.81PRA Purpose Diversified RealPairCorr
  0.96FSF CI Global FinancialPairCorr

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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