IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI USA
VLUE Etf  USD 114.57  0.46  0.40%   
The current 90-days correlation between iShares MSCI USA and iShares MSCI USA is 0.75 (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 0.91 (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 employment.

Moving together with IShares Etf

  0.99VTV Vanguard Value IndexPairCorr
  0.99VYM Vanguard High DividendPairCorr
  0.99IWD iShares Russell 1000PairCorr
  0.98DGRO iShares Core DividendPairCorr
  0.98IVE iShares SP 500PairCorr
  0.94DVY iShares Select DividendPairCorr
  0.98SPYV SPDR Portfolio SPPairCorr
  0.94FVD First Trust ValuePairCorr
  0.98IUSV iShares Core SPPairCorr
  0.81NOBL ProShares SP 500PairCorr
  0.77NVDL GraniteShares 15x LongPairCorr
  0.77NVDX T Rex 2XPairCorr
  0.78NVDU Direxion Daily NVDAPairCorr
  0.89CRPT First Trust SkyBridgePairCorr
  0.82BITX Volatility Shares TrustPairCorr
  0.8CONL GraniteShares ETF TrustPairCorr
  0.87DAPP VanEck Digital TransPairCorr
  0.86DPST Direxion Daily RegionalPairCorr
  0.87WGMI Valkyrie Bitcoin MinersPairCorr
  0.85HD Home DepotPairCorr
  0.9CVX Chevron Corp Sell-off TrendPairCorr
  0.97AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.85WMT Walmart Aggressive PushPairCorr
  0.87CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.7XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.92CSCO Cisco Systems Sell-off TrendPairCorr
  0.83DIS Walt Disney Sell-off TrendPairCorr
  0.81HPQ HP IncPairCorr
  0.76TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against IShares Etf

  0.75MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.65PFE Pfizer Inc Aggressive PushPairCorr
  0.64BA Boeing Fiscal Year End 29th of January 2025 PairCorr

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.

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