Xtrackers Harvest Correlations

ASHS Etf

USD 27.32 0.40 1.49%

The current 90-days correlation between Xtrackers Harvest CSI and KraneShares Bosera MSCI is 0.91 (i.e., Almost no diversification). The correlation of Xtrackers Harvest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xtrackers Harvest Correlation With Market

Significant diversification

The correlation between Xtrackers Harvest CSI 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 Xtrackers Harvest CSI and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xtrackers Harvest CSI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Xtrackers Etf

0.67	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.92	ASHR	Xtrackers Harvest CSI	Pair Corr
0.73	GXC	SPDR SP China	Pair Corr
0.94	CQQQ	Invesco China Technology	Pair Corr
0.74	CXSE	WisdomTree China	Pair Corr
0.64	EWH	iShares MSCI Hong	Pair Corr
0.72	KBA	KraneShares Bosera MSCI	Pair Corr
0.95	CNYA	iShares MSCI China	Pair Corr

Moving against Xtrackers Etf

0.63	BNO	United States Brent	Pair Corr
0.54	BCD	abrdn Bloomberg All	Pair Corr
0.52	YEAR	AB Ultra Short	Pair Corr
0.47	BILS	SPDR Series Trust	Pair Corr
0.45	MINT	PIMCO Enhanced Short	Pair Corr
0.63	GSG	iShares SP GSCI	Pair Corr
0.53	PBDC	Putnam ETF Trust	Pair Corr
0.53	XONE	Bondbloxx Bloomberg One	Pair Corr
0.49	ICSH	iShares Ultra Short	Pair Corr

Related Correlations Analysis

	KBA	FCA	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
KBA		0.79	0.59	0.62	-0.49	-0.8	0.4	-0.73	-0.55	0.71	KBA
FCA	0.79		0.38	0.43	-0.23	-0.54	0.31	-0.47	-0.47	0.63	FCA
AQUI	0.59	0.38		0.97	-0.12	-0.79	0.75	-0.89	-0.23	0.58	AQUI
MSTSX	0.62	0.43	0.97		-0.04	-0.82	0.86	-0.92	-0.26	0.64	MSTSX
LBHIX	-0.49	-0.23	-0.12	-0.04		0.44	0.34	0.25	0.58	-0.39	LBHIX
VIASP	-0.8	-0.54	-0.79	-0.82	0.44		-0.56	0.94	0.67	-0.85	VIASP
RRTLX	0.4	0.31	0.75	0.86	0.34	-0.56		-0.71	-0.01	0.43	RRTLX
OSHDF	-0.73	-0.47	-0.89	-0.92	0.25	0.94	-0.71		0.49	-0.73	OSHDF
70082LAB3	-0.55	-0.47	-0.23	-0.26	0.58	0.67	-0.01	0.49		-0.74	70082LAB3
SITKF	0.71	0.63	0.58	0.64	-0.39	-0.85	0.43	-0.73	-0.74		SITKF
	KBA	FCA	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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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

MSTSX	+ 0.97	AQUI
OSHDF	+ 0.94	VIASP
RRTLX	+ 0.86	MSTSX
FCA	+ 0.79	KBA
RRTLX	+ 0.75	AQUI
SITKF	+ 0.71	KBA

High negative correlations

OSHDF	- 0.92	MSTSX
OSHDF	- 0.89	AQUI
SITKF	- 0.85	VIASP
VIASP	- 0.82	MSTSX
VIASP	- 0.8	KBA
VIASP	- 0.79	AQUI

Xtrackers Harvest Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers Harvest 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 Xtrackers Harvest'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
KBA	1.31	(0.15)	0.00	(2.17)	0.00	0.00	2.52	(3.13)	11.38
FCA	1.37	(0.09)	0.00	(0.97)	0.00	0.00	2.92	(3.60)	10.68
AQUI	2.79	(1.39)	0.00	0.79	0.00	0.00	0.00	0.00	93.33
MSTSX	0.58	(0.16)	0.00	6.35	0.00	0.00	0.87	(1.20)	7.06
LBHIX	0.14	0.01	(0.03)	0.34	0.00	(0.31)	0.48	(0.24)	1.19
VIASP	0.62	0.19	0.23	3.36	0.41	(0.73)	1.40	(1.18)	5.04
RRTLX	0.26	(0.03)	0.00	(0.19)	0.00	0.00	0.50	(0.57)	2.04
OSHDF	46.68	24.35	0.00	(1.63)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.64	0.10	0.08	0.40	0.80	(0.79)	1.78	(0.74)	6.86
SITKF	4.77	(0.73)	0.00	0.92	0.00	0.00	10.00	(9.37)	31.51

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