IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI USA
SIZE Etf  USD 158.89  0.41  0.26%   
The current 90-days correlation between iShares MSCI USA and iShares Small Cap is 0.79 (i.e., Poor 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 0.9 (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.
  
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 nation.

Moving together with IShares Etf

  0.99VO Vanguard Mid CapPairCorr
  0.99VXF Vanguard Extended MarketPairCorr
  0.99IJH iShares Core SPPairCorr
  1.0IWR iShares Russell MidPairCorr
  0.99MDY SPDR SP MIDCAPPairCorr
  0.95FV First Trust DorseyPairCorr
  0.99IVOO Vanguard SP MidPairCorr
  1.0JHMM John Hancock MultifactorPairCorr
  0.99BBMC JPMorgan BetaBuilders MidPairCorr
  0.97REGL ProShares SP MidCap Low VolatilityPairCorr
  0.95SIXD AIM ETF ProductsPairCorr
  0.8CEFD ETRACS Monthly PayPairCorr
  0.87TSJA TSJAPairCorr
  0.86DSJA DSJAPairCorr
  0.93CSCO Cisco Systems Sell-off TrendPairCorr
  0.85JPM JPMorgan Chase Sell-off TrendPairCorr
  0.98AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.88DIS Walt Disney Sell-off TrendPairCorr
  0.61XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.81TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.91AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.91WMT Walmart Aggressive PushPairCorr
  0.91CVX Chevron Corp Sell-off TrendPairCorr

Moving against IShares Etf

  0.86ULE ProShares Ultra EuroPairCorr
  0.84VIIX VIIXPairCorr
  0.78YCL ProShares Ultra YenPairCorr
  0.76FXY Invesco CurrencySharesPairCorr
  0.79JNJ Johnson Johnson Sell-off TrendPairCorr
  0.77MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75KO Coca Cola Aggressive PushPairCorr
  0.71PFE Pfizer Inc Aggressive PushPairCorr
  0.63BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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