IShares MSCI Correlations

SDG Etf

USD 76.60 0.85 1.10%

The current 90-days correlation between iShares MSCI Global and WisdomTree Interest Rate is 0.1 (i.e., Average 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

Good diversification

The correlation between iShares MSCI Global and DJI is -0.07 (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.

Check out World Market Map 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 unemployment.

Moving together with IShares Etf

0.7	EMC	Global X Funds	Pair Corr
0.81	INTL	Main International ETF	Pair Corr
0.78	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.63	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against IShares Etf

0.73	ETH	Grayscale Ethereum Mini	Pair Corr
0.63	VR	VR	Pair Corr
0.57	JAVA	JPMorgan Active Value	Pair Corr
0.5	KONG	Formidable Fortress ETF	Pair Corr
0.45	SHLD	Global X Funds	Pair Corr
0.34	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.79	BAC	Bank of America Aggressive Push	Pair Corr
0.67	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.6	EOS	Eaton Vance Enhanced	Pair Corr
0.59	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.52	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.48	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.37	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	AGZD	FDTS	CIL	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX
AGZD		-0.44	-0.52	0.0	0.72	0.54	0.06	-0.61	0.62	0.51	AGZD
FDTS	-0.44		0.94	0.0	0.01	0.17	0.46	0.55	-0.62	0.25	FDTS
CIL	-0.52	0.94		0.0	-0.11	0.17	0.34	0.68	-0.74	0.17	CIL
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	0.72	0.01	-0.11	0.0		0.68	0.56	-0.35	0.29	0.75	LBHIX
MSTSX	0.54	0.17	0.17	0.0	0.68		0.27	-0.04	-0.05	0.86	MSTSX
ABHYX	0.06	0.46	0.34	0.0	0.56	0.27		-0.1	-0.12	0.42	ABHYX
SCAXF	-0.61	0.55	0.68	0.0	-0.35	-0.04	-0.1		-0.82	-0.18	SCAXF
VIASP	0.62	-0.62	-0.74	0.0	0.29	-0.05	-0.12	-0.82		0.11	VIASP
RRTLX	0.51	0.25	0.17	0.0	0.75	0.86	0.42	-0.18	0.11		RRTLX
	AGZD	FDTS	CIL	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX

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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

CIL	+ 0.94	FDTS
RRTLX	+ 0.86	MSTSX
RRTLX	+ 0.75	LBHIX
LBHIX	+ 0.72	AGZD
SCAXF	+ 0.68	CIL
MSTSX	+ 0.68	LBHIX

High negative correlations

VIASP	- 0.82	SCAXF
VIASP	- 0.74	CIL
VIASP	- 0.62	FDTS
SCAXF	- 0.61	AGZD
CIL	- 0.52	AGZD
FDTS	- 0.44	AGZD

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
AGZD	0.22	0.01	(0.43)	0.27	0.15	(0.31)	0.55	(0.50)	1.22
FDTS	0.79	(0.10)	0.00	(0.07)	0.00	0.00	1.91	(2.06)	5.17
CIL	0.59	(0.08)	0.00	(0.10)	0.00	0.00	1.26	(1.46)	3.41
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.02	(0.44)	1.66	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	0.04	(0.14)	(0.75)	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.01	(0.25)	0.25	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.97)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	0.01	(0.33)	0.38	0.25	(0.25)	0.48	(0.56)	1.36

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