Xtrackers MSCI Correlations

DBEF Etf

USD 43.86 0.34 0.78%

The current 90-days correlation between Xtrackers MSCI EAFE and Xtrackers MSCI Europe is 0.83 (i.e., Very poor diversification). The correlation of Xtrackers 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.

Xtrackers MSCI Correlation With Market

Good diversification

The correlation between Xtrackers MSCI EAFE and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Xtrackers MSCI EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Xtrackers Etf

0.69	JPM	JPMorgan Chase	Pair Corr
0.67	AXP	American Express	Pair Corr
0.83	MMM	3M Company	Pair Corr
0.63	IBM	International Business Tech Boost	Pair Corr

Moving against Xtrackers Etf

0.53	AA	Alcoa Corp	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.4	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DBEU	DBJP	HEFA	HEDJ	DBEM
DBEU		0.4	0.92	0.96	0.08	DBEU
DBJP	0.4		0.5	0.51	-0.08	DBJP
HEFA	0.92	0.5		0.93	-0.05	HEFA
HEDJ	0.96	0.51	0.93		-0.07	HEDJ
DBEM	0.08	-0.08	-0.05	-0.07		DBEM
	DBEU	DBJP	HEFA	HEDJ	DBEM

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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

HEDJ	+ 0.96	DBEU
HEDJ	+ 0.93	HEFA
HEFA	+ 0.92	DBEU
HEDJ	+ 0.51	DBJP
HEFA	+ 0.5	DBJP
DBJP	+ 0.4	DBEU

High negative correlations

DBEM	- 0.08	DBJP
DBEM	- 0.07	HEDJ
DBEM	- 0.05	HEFA

Xtrackers MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers 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 Xtrackers 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
DBEU	0.48	0.07	0.01	1.30	0.48	(0.50)	1.10	(0.88)	2.52
DBJP	0.81	0.11	0.03	(1.15)	0.98	(0.83)	1.61	(1.63)	5.68
HEFA	0.47	0.05	(0.01)	0.35	0.49	(0.50)	0.88	(0.90)	2.62
HEDJ	0.56	0.11	0.06	3.32	0.50	(0.63)	1.16	(0.88)	3.65
DBEM	0.62	(0.03)	0.00	(0.20)	0.00	0.00	1.19	(1.78)	3.93

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